Mastering IFRS Standards: A Comprehensive Guide

COURSE OBJECTIVES

• Provide a solid understanding of core and advanced IFRS standards.
• Equip participants with the skills to interpret, apply, and analyze IFRS requirements.
• Strengthen financial reporting competence using real-world IFRS applications.
• Enhance ability to prepare compliant financial statements under IFRS.
• Improve professional judgment when dealing with complex accounting issues.

COURSE OUTLINE

Overview of IFRS Framework

• Objectives and structure of IFRS
• IASB framework and conceptual foundations
• Key principles: recognition, measurement, presentation, disclosure

Property, Plant & Equipment / Intangible Assets

• IAS 16, IAS 23, IAS 38
• Initial measurement, subsequent costs, revaluation model
• Impairment of assets (IAS 36)

Revenue, Financial Instruments & Leases

• IFRS 15: revenue recognition (5-step model)
• IFRS 9: classification, measurement, ECL model
• IFRS 16: lessee and lessor accounting

Group Accounting & Consolidation

• IFRS 10: control and consolidation rules
• IFRS 3: business combinations & goodwill
• IFRS 12: disclosure requirements

Presentation & Disclosure Standards

• IAS 1: financial statement presentation
• IAS 7: cash flow statements
• IAS 8: accounting policies, estimates, and errors

Specialised & Emerging IFRS Topics

• IFRS for SMEs (overview)
• IFRS 13: fair value measurement
• IFRS 5: held-for-sale and discontinued operations