IFRS – Masterclass

This IFRS (International Financial Reporting Standards) masterclass Training course looks in far more depth at the accounting standards from The IFRS Foundation and those that are not covered in more basic programmes. IFRS Training has an introductory programme on IFRS and it is recommended that those attending this programme have either attended the introductory programme or have a good working knowledge of IFRS that covers the basic elements.

This IFRS Masterclass training course will look in more depth at practical application of IFRS in many industry sectors. Finally, this programme acts as an update and looks at recently released standards that will impact in future periods and looks at
current IASB projects. It has been specifically created for those in accounting, reporting and/or controlling area within accounting and finance.

TARGET COMPETENCIES ​

As a result of completing this course, all participants will improve their knowledge, understanding and analytical skills of IFRS, with the following benefits:​

• Understanding the newly issued standards, along with IASB projects, and how they will impact on the financial statements​
• Understanding the practical implementation of the more complex standards​
• Understanding the disclosure and accounting requirements in financial reporting of a group of companies​
• Understanding practical implications of using IFRS in specific industries​

​WHO SHOULD ATTEND ?

IFRS Masterclass is designed for those that have attended the introductory IFRS programme or who have been working with financial statements produced under IFRS for a significant time, would suit the following:

• Accounting Professionals
• Financial Executives
• Auditors
• Financial Analysts
• Bankers
• Investment Bankers

…..and all Executives in accounting, reporting and/or controlling area.

COURSE OUTLINE​

IFRS Overview and Specific Industries

• Overview of IFRS Principles and Concepts
• The latest on world adoption of IFRS
• First time adoption of IFRS
• IAS 1 – Presentation of Financial Statements
• IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors
• IAS 18 – Revenue
• IFRS 6 – Exploration for and evaluation of Mineral Resource
• Financial Instruments Post Implementation Review for Financial Institutions
• The “Successful Efforts” (SE) Method or the “Full Cost” (FC) Method
• Proved Oil and Gas Reserves – disclosures and impact on financial statements
• Case Studies

Technical Standards

• IAS 12 – Income Taxes
• IAS 19- Employee Benefits
• IAS 33 – Earnings per Share
• IAS 34 – Interim Financial Reporting
• IFRS 5 – Discontinued Operations
• IFRIC 12 – Service Concession Arrangements
• IFRIC 20 – Stripping Costs in the Production Phase of a Surface Mine
• Case Studies

Financial Instruments

• Recognition and Measurement
• IFRS 2- Share-based Payments
• IFRS 7 – Disclosures
• IFRS 13 – Fair Value Measurement
• IFRIC 16 – Hedges of Net Investment in Foreign Operations
• IFRIC 19 – Extinguishing Financial Liabilities with Equity Instruments
• Case studies

Group Reporting

• IAS 28 – Investments in Associates
• IFRS 3 – Business Combinations
• IFRS 8 – Segment Reporting
• IFRS 10 – Consolidated Financial Statements
• IFRS 11 – Joint Arrangements
• IFRS 12 – Disclosure of Interest in Other Entities
• Case Studies

New Standards and Practical Implications

• IFRS 9 – Financial Instruments
• IFRS 14 – Regulatory Deferral Accounts
• IFRS 15 – Revenue from Contracts with Customers
• IFRS 16 – Leases
• Future developments
• IFRS and Statutory Audit Procedures
• Case Studies and Practical Implementation

VENUE:

Choice between  in-house / External Venue/ Live Online Classroom

Do you have more people interested in attending this course? Do you want to tailor it to meet your company’s exact requirements? If you’d like to do either of these, we can bring this course to your company’s office. You could even save more on the cost of sending delegates to a public course and dramatically increase your ROI.

If you want to run this course at a location convenient to you or if you want a completely customized learning solution, we can help.

We produce learning solutions that are completely unique to your business. We’ll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.

DURATION:

5 days

COST:

ZAR 26,999.00
Contact us for our pricing for self-funded individuals

Contact us today