International financial reporting standards are constantly being developed. Accountants, bankers, financiers and other relevant professionals should be aware of the introduction of new standards and modifications to existing standards. This program is designed to provide an understanding of the way standards have emerged, their importance in standardizing reporting systems around the world, and the path to convergence for those countries that have not yet adopted IFRS.

The objectives of the program :-

  • Participants will gain an understanding of how the IASC appears and its impact on global financial reports
  • They will be familiar with the application of modern standards and the changes they have made.
  • The requirements of the latest recently released standards will be recognized
  • Take a full overview of IFRS standards for SMEs including definition, adoption and key differences with IFRS standards.

Target group :-

  • Account managers and their associates
  • Financial managers and their associates
  • Auditors
  • Accountants and internal auditors
  • Finance Executives
  • Financial System Managers and Their Associates
  • Financial analysts
  • Risk management managers and their associates
  • Portfolio and investment managers and associates
  • Treasury managers and their associates.
  • Executive departments in banks and financial institutions

Main units :-

  • International Accounting Standard 1: View financial statements.
  • International Financial Reporting Standard 15: Revenue from contracts with clients
  • International Accounting Standard 8: accounting policies, changes in accounting estimates and errors
  • International Accounting Standard 16: Property, plant and equipment.
  • International Accounting Standard 40: Investment Real Estate.
  • International Accounting Standard 36: Impairment of Assets:
  • International Accounting Standard  2:  Inventories
  • International Accounting Standard 23: Borrowing costs
  • International Accounting Standard 20: Accounting for government grants and disclosure of government assistance.
  • International Accounting Standard 38: Intangible assets
  • International Accounting Standard 40: Investment Real Estate
  • International Financial Reporting Standard 5: Non-current assets held for sale and discontinued operations.
  • International Financial Reporting Standard 13: Measuring Fair Value
  • International Accounting Standard 32: Financial Instruments – Supply.
  • International Financial Reporting Standard 9: Financial Instruments.
  • International Financial Reporting Standard 7: Financial Instruments: Disclosures.
  • International Financial Reporting Standard 2: Payments on a stock basis.
  • International Accounting Standard 37: Provisions, contingency liabilities and potential assets.
  • International Accounting Standard 10: events following the reporting period
  • International Accounting Standard 19: Staff Benefits.
  • International Accounting Standard 12: Income taxes
  • International Accounting Standard 41: Agriculture
  • International Financial Reporting Standard 6: Exploration and evaluation of mineral resources.
  • International Accounting Standard 26: Accounting and reporting through retirement benefit plans
  • International Financial Reporting Standard 17: Insurance contracts
  • International Financial Reporting Standard 10: Consolidated Financial Statements.
  • International Accounting Standard 27 (adjusted in 2011): separate financial statements.
  • International Financial Reporting Standard  3:  Business Integration.
  • International Accounting Standard 28: Investments in associate companies and joint ventures.
  • International Financial Reporting Standard 11: Joint arrangements.
  • International Financial Reporting Standard 12: Disclosure of interests in other entities.
  • International Accounting Standard 21: Effects of changes in foreign exchange rates.
  • International Accounting Standard 29: Financial reporting in high-inflation economies.
  • International Financial Reporting Standard 14: Deferred Regulatory Accounts
  • International Accounting Standard 7: Cash Flow Statement.
  • International Accounting Standard 24: Disclosures of relevant parties.
  • International Accounting Standard 33: Earnings per share.
  • International Accounting Standard 34: Interim Financial Reports.
  • International Financial Reporting Standard 4: Insurance contracts.
  • International Financial Reporting Standard 1: Applying IFRS for the first time
  • International Financial Reporting Standard 8: Operating sectors
  • International Financial Reporting Standard 16: Leases

Exam :-

Exam duration: 2 hours

Success score: 70

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