Course description
Overview
This two-day course provides an essential refresher on the application of IFRS Standards (International Financial Reporting Standards).
It covers the main requirements of extant IFRS Standards (excluding industry specific standards) and provides illustrations and examples throughout to demonstrate the practical application of the standards.
The course includes all standards and other pronouncements that are applicable for accounting periods commencing on or after 1 January 2020.
Who is this for?
This course will benefit anyone who is involved in the preparation or audit of financial information under IFRS Standards or FRS 101.
What will you learn?
Completion of this course will enhance your ability to:
- Prepare financial statements and financial information in compliance with IFRS Standards.
- Understand the impacts that IFRS Standards have on the published financial statements of companies
Detailed course coverage will include:
- IFRS reporting requirements and their UK context
- First time adoption of IFRS
- Format and content of financial statements
- Accounting policies estimates and errors
- Income statement issues including:
- Revenue
- Taxation
- Share-based payments
- Employee benefits
- Government grants
- Foreign currency transactions
- Statement of Financial Position issues, including:
- Property, plant & equipment
- Intangible assets
- Impairment of assets
- Inventories
- Leases
- Provisions and contingencies
- Financial instruments
- Classification and measurement
- Recognition and derecognition
- Impairments
- Hedge accounting
- Liabilities and equity
- Disclosure issues
- Related parties
- Operating segments
- Status of investments
- Accounting for business combinations
- Associates and joint ventures
- Foreign subsidiaries
Other related courses
For our online modular programme, see IFRS Refresher Modular Programme
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Upcoming start dates
Suitability - Who should attend?
The course will benefit all who have some experience of international standards, either from their professional exams or in the workplace, and who are in need of a comprehensive but concise refresher.
Outcome / Qualification etc.
Learning outcomes include obtaining a greater understanding of:
- IFRS reporting requirements.
- First-time adoption of IFRS.
- Format and content of the financial statements.
- Key income statement issues and balance sheet issues.
- Key requirements relating to financial instruments.
- Key disclosures.
- Key group accounting issues.
"A CPD certificate of completion will be provided by BPP Professional Education Limited upon request, following attendance."
Course delivery details
- Location Name: Online Live
- Learning Mode: Blended