Applying IFRS

Course Outline

Overview

This IFRS course provides an overview of the key principles of IFRS and key detailed applications.

The course will also include a site visit to an organization relevant to the course so delegates can develop an understanding of how their contemporaries function in the real-world.

The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.

Agenda

Overview of IFRS

• The need for IFRS
• The International Accounting Standards Board (IASB)
• The Conceptual Framework
• Overview of standards

Financial Reporting

• The objectives of financial reporting
• What has to be included in financial statements
• Understanding the treatment of income and costs
• Understanding the treatment of assets and liabilities

IFRS Implementation

• The transition to IFRS
• Financial analysis tools and techniques
• Relevance of corporate governance
• Future IFRS considerations

Site Visit

• Industrial visit to a relevant organization.
• An insight into the internal working of companies.
• An opportunity to learn through interaction with practising professionals.

Course Review

• Summary and recap of key learning objectives
• Action Planning

Target Audience

This IFRS course is suitable for:

• Financial staff who need an introduction to IFRS.
• Financial staff who wish to develop a greater understanding of the concepts and applications of IFRS.
• Analysts and non-financial staff who need to understand IFRS but are not necessarily practitioners.

Learning Outcomes

Upon completion of this course, you will understand:

• The key concepts of IFRS and their application.
• How the information included in financial reports informs decision-making.
• How to work through the initial and ongoing implementation of IFRS.
• A practical perspective into contemporary work practices in your field.
• How to implement an Action Plan at your workplace using the knowledge and skills acquired through the course.