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
The course uses a mix of interactive techniques, such as brief presentations by the consultant, application of theories presented by the consultant and group exercises to exchange experience and apply knowledge acquired throughout the course.
Professionals in the fields of finance and accounting, and professionals seeking to enhance international accounting knowledge from companies implementing IFRS as the standard of reporting.
•Accounting for current non assets and liabilities
•Newest standards published by IASB