IFRS Course with New Updates
Course Overview
By the end of the course, participants will be able to:
• Describe the setting process in International Financial Reporting Standards (IFRS) and list the currently available standards
• Explain the most recent updates on existing IFRS and evaluate the effect of newly issued standards on their organization
• Determine the correct presentation and minimum disclosure for components of statement of financial position, statement of comprehensive income, statement of owners’ equity and statement of cash flows in accordance with IFRS
• Appraise and properly account for transactions affecting current assets and liabilities, non-current assets and liabilities, revenues and expenses in accordance with IFRS
• Apply professional judgment in applying IFRS for matters relating to non-recurrent business transactions
Training Format:In-class, Virtual, In-house
Location:Lagos, Accra, Nairobi, Kigali
Language:English, French
Nigeria Price:
₦33000
Int'l., (Nigeria) Price:
$1000
Ghana Price:
$4000
Kenya Price:
$5500
Rwanda Price:
$6000
Nigeria Price:₦33000
Int'l., (Nigeria) Price:
$1000
Ghana Price:
$4000
Kenya Price:
$4000
Rwanda Price:
$4000
Nigeria Price: ₦33000
Int'l., (Nigeria) Price:
$1000
Ghana Price: $4000
Kenya Price: $4000
Rwanda Price: $4000
• Revenue from contracts with customers (IFRS 15)
• Scope of IFRS 15
• Describing the five-step model framework under IFRS 15
• Step 1: Identifying the contract with the customer
• Step 2: Identifying the performance obligations in the contract
• Separating goods from services
• Step 3: Determining the transaction price
• Effect of time value of money
• Accounting for variable consideration
• Step 4: Allocating the transaction price to the performance obligations in the contract
• Step 5: Recognizing revenue when the entity satisfies a performance obligation
• Separating performance obligation satisfied at a point in time from performance obligation satisfied over a period of time
• IFRS 16, Leases
• Reasons for the transition from IAS 17 to IFRS 16
• Recognition exemptions: expensing lease payments
• How will the lease of small value items be affected?
• Identifying a lease transaction
• Separating components of lease contract
• Accounting by lessees
• Accounting by lessors
• Effective date and transition
• Wrap-up on newest standards and list of current and prior years’ updates on IFRSs
• Newest standards published by IASB
• Standards amended in 2015 with effect in 2018
• Standards amended in 2016 with effect in 2018
• Standards amended in 2017 with effect in 2018
• Standards amended in 2018
FOR WHOM:
Accountants, Controllers, Managers of Fixed Assets, Divisional and Plant Managers and all Executives involved in Fixed Asset Accounting and Administration.
1ST BATCH: Monday, March 16, 2026 — Thursday, February 19, 2026.
2ND BATCH: Tuesday, July 7, 2026 — Friday, July 10, 2026.
3RD BATCH: Tuesday, November 3, 2026 — Friday, November 6, 2026.
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and
illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical
experience, emphasizing the application of learned techniques. This approach ensures that attendees return
to their professional environments equipped with both the competence and self-assurance to effectively
implement the acquired skills in their responsibilities.
