IFRS Refresher Modular Programme

Overview

This course comprises six modules which can be taken individually or in combinations, and provides an essential refresher on the application of IFRS Standards (International Financial Reporting Standards). Book the full series or chose individual workshops by clicking the module links below.

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

Coverage

Coverage of each of the modules is as follows:

Module 1: Principles and presentation

• IFRS reporting requirements and their UK context
• First time adoption of IFRS
• Format and content of financial statements
• Accounting policies, estimates and errors
• Disclosure standards (operating segments, related parties)

Module 2: Current and non-current assets

• Property, plant & equipment
• Investment properties
• Capitalisation of borrowing costs
• Intangible assets
• Impairment of assets
• Inventories
• Receivables (including impairments)

Module 3: Revenue and expenses

• Revenue
• Share-based payments
• Employee benefits
• Government grants
• Foreign currency transactions

Module 4: Liabilities and financing

• Leases
• Provisions and contingencies
• Deferred taxation
• Debt and equity

Module 5: Group accounting and business combinations

• Status of investments
• Consolidation requirements and exemptions
• Accounting for business combinations
• Associates and joint ventures
• Foreign subsidiaries

Module 6: Financial instruments

• Identification of financial instruments
• Classification and measurement
• Recognition and derecognition
• Impairments
• Hedge accounting (basics only)

Dates

In order to provide reflection time, the three days of the full programme will be separated with roughly a week in between each day

The programme will be running on:

• 17 November, 22 November & 27 November 2023
• 11 March, 18 March & 25 March 2024
• 20 June, 27 June & 4 July 2024
• 4 September, 11 September & 18 September 2024
• 5 December, 12 December & 17 December 2024