International Accounting Standards (IAS) are a set of accounting principles and rules aimed at ensuring transparency, comparability, and consistency in financial reporting across different countries. The goal of the International Accounting Standards (IAS) is to create consistency in methodology and unity in meaning.

This comprehensive training on International Accounting Standards (IAS) is designed to equip finance and accounting professionals with the essential knowledge and skills to enhance their financial reporting practices. Participants will gain a deep understanding of key IAS standards, including IAS 1 (Presentation of Financial Statements) and IAS 16 (Property, Plant, and Equipment).

Course Objectives

By the end of the course, participants will be able to:

• Understand and apply the principles of major IAS standards.
• Prepare and analyze financial statements in accordance with IAS.
• Transition smoothly from IAS to IFRS where applicable.
• Implement IAS standards in real-world financial reporting situations.

Who should learn

This course is ideal for finance and accounting professionals, corporate finance teams, CFOs, financial managers, and consultants looking to enhance their knowledge of International Accounting Standards (IAS). 

Course Duration

Classroom-based    5 Days

Online                     7 Days

Course Outline

Overview of IAS and IFRS

IAS Framework for Financial Reporting

IAS 1 – Presentation of Financial Statements

IAS 2 – Inventories

IAS 16 – Property, Plant, and Equipment (PPE)

IAS 7 – Statement of Cash Flows

IAS 36 – Impairment of Assets

IAS 19 – Employee Benefits

IAS 21 – The Effects of Changes in Foreign Exchange Rates

IAS 23 – Borrowing Costs

IAS 37 – Provisions, Contingent Liabilities, and Contingent Assets

IAS 10 – Events After the Reporting Period

Transition from IAS to IFRS

Key Notes

• This course will be delivered by seasoned financial experts with extensive experience in global accounting practices and standards.
• Upon completion of the course, participants will be issued with a certificate
• Training manuals and additional reference materials are provided to the participants
• This course can be tailor-made to meet organization-wide needs.