Course description
IFRS Immersion Workshop (8 days)
This 8-day multi-instructor workshop provides a detailed review of all significant technical requirements related to International Financial Reporting Standards (IFRSs). It includes coverage of IFRSs, hands-on case studies, examples, exercises, and quizzes. The Immersion Workshop provides participants with the tools to apply IFRSs and prepare IFRS-compliant financial statements. The program focusses on current requirements, but also updates participants on planned changes to IFRSs.
This course answers questions such as:
- What are the requirements for presenting IFRS financial statements and drafting related disclosures?
- How can the recognition and measurement requirements be applied in practice?
- What are the requirements for transitioning to IFRSs?
- How can we plan for, and implement, upcoming changes in IFRSs?
The registration fee provides:
- 8 days of tuition by senior instructors.
- iPad Mini for viewing course materials and research after the course.
- Electronic course materials. including case studies, illustrations and examples.
- 48 hour ticket for the London Hop On-Hop Off bus tour and river cruise.
- £50 Transport for London Oyster Card for sustainable travel during your stay in London.
- Lunch and refreshments on every teaching day.
- Class photographs.
This course is ideal for individuals at all levels within an organisation who need to acquire or refresh detailed knowledge of IFRSs. It is aimed at those responsible for making accounting judgements and preparing, reviewing or approving IFRS financial statements. The program does not focus on any single industry but deals with issues in a range of sectors.
Presented by two or more experienced IFRS instructors, this program gives participants the benefit of decades of IFRS experience. Our specialist instructors explain the principles clearly and simply and provide real-world examples, including an overview of the requirements for first-time adoption of IFRSs and the practicalities of implementing IFRSs.
Upcoming start dates
Suitability - Who should attend?
This IFRS course is suitable for professionals at all levels within an organisation who need to have detailed knowledge of international financial reporting standards.
The course provides an excellent opportunity to transfer new skills to those responsible for making accounting decisions and preparing, reviewing or approving IFRS financial statements.
Basic knowledge of accounting environment, processes and objectives. No other advance preparation is required for this course.
Outcome / Qualification etc.
By the end of this course, participants will be able to:
- Prepare IFRS-compliant financial statements
- Learn IFRS presentation and disclosure requirements
- Implement IFRS recognition and measurement rules for assets, liabilities, revenues and expenses
- Develop a plan for transitioning to IFRSs
- Identify impact of upcoming changes in IFRSs
- Network and share experience with participants from across the world
CPE credits are available for all courses.
Training Course Content
The course will cover the following key areas in international financial reporting:
- Introduction to IFRSs
- Standard-setting bodies and due process
- Conceptual Framework
- Fair value measurement (IFRS 13)
- Presentation and Disclosure in Financial Statements
- Presentation of financial statements (IAS 1)
- Statement of cash flows (IAS 7)
- Accounting policies, changes in accounting estimates and errors (IAS 8)
- Discontinued operations (IFRS 5)
- Events after the reporting period (IAS 10)
- Operating segments (IFRS 8)
- Related party disclosures (IAS 24)
- Earnings per share (IAS 33)
- Interim financial reporting (IAS 34)
- Non-financial Assets
- Inventories (IAS 2)
- Property, plant & equipment (IAS 16)
- Borrowing costs (IAS 23)
- Intangible assets (IAS 38)
- Investment property (IAS 40)
- Impairment of assets (IAS 36)
- Non-current assets held for sale (IFRS 5)
- Liabilities
- Leases (IFRS 16)
- Provisions, contingent liabilities and contingent assets (IAS 37)
- Employee benefits (IAS 19)
- Share-based payment (IFRS 2)
- Financial Instruments
- Presentation (IAS 32)
- Recognition and measurement (IFRS 9)
- Disclosures (IFRS 7)
- Income Taxes
- Income taxes (IAS 12, IFRIC 23)
- Revenue Recognition
- Revenue from contracts with customers (IFRS 15)
- Foreign Currencies
- The effects of changes in foreign exchange rates (IAS 21)
- Business Combinations, Consolidations, Associates & Joint Arrangements
- Business combinations (IFRS 3)
- Consolidated financial statements (IFRS 10)
- Separate financial statements (IAS 27)
- Investments in associates and joint ventures (IAS 28)
- Joint arrangements (IFRS 11)
- Disclosure of interests in other entities (IFRS 12)
- Review of Specialised Areas
- Accounting for government grants & disclosure of government assistance (IAS 20)
- Accounting and reporting by retirement benefit plans (IAS 26)
- Financial reporting in hyperinflationary economies (IAS 29)
- Transitioning to IFRSs
- First-time adoption of IFRSs (IFRS 1)
- Expected Future Developments
- IASB Work Plan
Why choose IASeminars
We've been training for 20 years.
50% of our business comes from returning clients.
We offer instructor-led training in international locations, over Zoom or in house.
Reviews
Average rating 4.6
The right place for IFRS updates and training
The quality of the entire organisation of its workshops excellent.
Expenses
The cost of this course is £7,400 + VAT.
The registration fee provides:
- 8 days of tuition by senior instructors.
- iPad Mini for viewing course materials and research after the course.
- Electronic course materials. including case studies, illustrations and examples.
- 48 hour ticket for the London Hop On-Hop Off bus tour and river cruise.
- £50 Transport for London Oyster Card for sustainable travel during your stay in London.
- Lunch and refreshments on every teaching day.
- Class photographs.
In House Training
In addition to the scheduled dates and locations, IASeminars can also run this course as in house training, to meet the specific requirements of your team. Contact them here to request a customised training solution for your team.
Very good course, interactive and entertaining