IFRS TRAINING SOUTH AFRICA
5-Day IFRS Masterclass Program
Program Details
Date: 23-27 [Month] 2024
Time: 9:00 AM – 3:00 PM Daily
CPD Hours: 25 Hours
Venue
Holiday Inn Mauritius Mon Trésor
Mon Trésor, Plaine Magnien
51512, Mauritius
T: +230 601 2777
W: holidayinn.com
Contact Information
Training Coordinator:
info@ifrstraining.co.za
+27 73 610 5046
Day 1: Monday – Introduction to IFRS & IFRS 18 (Replacing IAS 1)
Facilitator: Khoushhaal Soomarah (ACA)
9:00 AM – 10:30 AM
Session 1: Overview of IFRS Framework
– History and objectives of IFRS
– Structure of IFRS standards and regulatory bodies
10:30 AM – 10:45 AM
Coffee Break
10:45 AM – 12:15 PM
Session 2: IFRS 18 – Key Changes and Implications
– Comparison with IAS 1
– New presentation & disclosure requirements
12:15 PM – 1:00 PM
Lunch Break
1:00 PM – 3:00 PM
Session 3: Practical Workshop – Restructuring Financial Statements under IFRS 18
– Hands-on exercises on financial statement adjustments
Day 2: Tuesday – IFRS 9 – Financial Instruments
Facilitator: Shamlesh Annah (AFM, FCCA UK)
9:00 AM – 10:30 AM
Session 1: Classification and Measurement of Financial Assets/Liabilities
– Amortized cost, FVTPL, FVOCI
10:30 AM – 10:45 AM
Coffee Break
10:45 AM – 12:15 PM
Session 2: Expected Credit Loss (ECL) Model
– 3-stage approach for impairment
12:15 PM – 1:00 PM
Lunch Break
1:00 PM – 3:00 PM
Session 3: Case Study: Staff Loans under IFRS 9
– Practical application of IFRS 9 on employee loans
Day 3: Wednesday – IAS 7 – Statement of Cash Flows (Amended)
Facilitator: Kavilen Mooneyan (ACA)
9:00 AM – 10:30 AM
Session 1: Cash Flow Reporting Requirements
– Operating, investing, financing activities
10:30 AM – 10:45 AM
Coffee Break
10:45 AM – 12:15 PM
Session 2: Direct vs. Indirect Method – Best Practices
– Pros, cons, and industry preferences
12:15 PM – 1:00 PM
Lunch Break
1:00 PM – 3:00 PM
Session 3: Case Study: Central Banking Cash Flows
– Applying IAS 7 to a banking scenario
Day 4: Thursday – IAS 12 – Income Taxes
Facilitator: Kavilen Mooneyan (ACA)
9:00 AM – 10:30 AM
Session 1: Deferred Tax Assets/Liabilities
– Temporary differences & recognition criteria
10:30 AM – 10:45 AM
Coffee Break
10:45 AM – 12:15 PM
Session 2: Tax Reconciliation Disclosures
– IAS 12 disclosure requirements
12:15 PM – 1:00 PM
Lunch Break
1:00 PM – 3:00 PM
Session 3: Group Exercise: Tax Reporting Challenges
– Real-world tax accounting scenarios
Day 5: Friday – Integration & Case Study Workshop
Facilitator: Shamlesh Annah (AFM, FCCA UK)
9:00 AM – 10:30 AM
Session 1: Interactive Q&A on IFRS 9, 18, IAS 7, and 12
– Recap and participant-driven discussion
10:30 AM – 10:45 AM
Coffee Break
10:45 AM – 12:15 PM
Session 2: Group Activity: Drafting a Compliant Financial Statement
– Practical application of all covered standards
12:15 PM – 1:00 PM
Lunch Break
1:00 PM – 3:00 PM
Session 3: Final Takeaways & Certification
– Key learnings review and certificate distribution
Venue Location
Holiday Inn Mauritius Mon Trésor
Mon Trésor, Plaine Magnien, 51512, Mauritius
Tel: +230 601 2777 | Website: holidayinn.com
2024 IFRS Training South Africa | www.ifrstraining.co.za | info@ifrstraining.co.za | +27 73 610 5046