This is a full IFRS financial reporting master class aimed at tooling financial accountants with relevant knowledge and skills required to apply the guidance of IFRS from initial recognition to financial reporting on the financial statement including the bulky financial disclosure requirements.

Learning Objectives

• Develop financial reporting skills
• Understand IFRS standards required to prepare both Single and Group Financial Statements
• Acquire skills required to prepare Single and Consolidated Financial Statements.
• Understand Disclosure requirements of IFRS

Key Topics:

• Introduction to International Financial Reporting Standard (IFRS)
• Inventories (IAS 2)
• Property, plant, and equipment (IAS 16)
• Impairments (IAS 36)
• Employee benefits (IAS 19)
• Related parties (IAS 24)
• Intangible Assets (IAS 38)
• Presentation of financial statements (IAS 1)
• Provisions (IAS 37)
• Borrowing cost (IAS 23)
• Revenue (IFRS 15)
• Leases (IFRS 16)
• Financial Instruments (IFRS 9)
• Income tax (IAS 12)
• Investment in Associates (IAS 28)
• Consolidated and separate financial statements (IAS 27)
• Business combination (IFRS 3)
• Practical review of disclosure requirements of IFRS