International Accounting and Reporting Standards Training Course
Navigating the maze of global financial reporting can be daunting, especially with the ever-evolving International Financial Reporting Standards (IFRS). But what if you had the skills to interpret, apply, and ensure compliance with these international standards, elevating your organization's credibility and your professional standing?
This course is your gateway to mastering the intricacies of global accounting practices. Whether you're an accountant tasked with preparing financial statements, a corporate leader making strategic decisions based on international reports, or a finance professional responsible for auditing compliance, this course will empower you to navigate the complexities of international accounting with confidence.
In-Person: Classroom Sessions
| Venue Location | Duration | Language | |
|---|---|---|---|
| Nairobi, Kenya | 5 Days | English | Dates & Prices |
| Kigali, Rwanda | 5 Days | English | Dates & Prices |
| Kampala, Uganda | 5 Days | English | Dates & Prices |
| Dubai, United Arab Emirates (UAE) | 5 Days | English | Dates & Prices |
| Mombasa, Kenya | 5 Days | English | Dates & Prices |
| Naivasha, Kenya | 5 Days | English | Dates & Prices |
| Nakuru, Kenya | 5 Days | English | Dates & Prices |
| Kisumu, Kenya | 5 Days | English | Dates & Prices |
Virtual (Zoom) Instructor-Led
| Code | Start Date | End Date | Fee | |
|---|---|---|---|---|
| IAR-01 | Oct 28, 2024 | Nov 01, 2024 | USD. 750 | Register Register Group |
| IAR-01 | Nov 18, 2024 | Nov 22, 2024 | USD. 750 | Register Register Group |
| IAR-01 | Dec 16, 2024 | Dec 20, 2024 | USD. 750 | Register Register Group |
| IAR-01 | Jan 06, 2025 | Jan 10, 2025 | USD. 750 | Register Register Group |
| IAR-01 | Feb 24, 2025 | Feb 28, 2025 | USD. 750 | Register Register Group |
In-House Training
Transform Your Workforce
Learn emerging skills quickly with custom curriculum designed as per your needs.
Why top organizations prefer Trainingcred
- High engagement and outcome-centric learning
- Customized curriculum built with industry leaders, for industry leaders
- Hands-on exercises and industry use cases
- Strong reporting to track learning and calculate training ROI for managers
- Day 1 production ready on the completion of the training
Programs delivered as per your training needs
On Premises
Virtual Instructor-Led
Self-Paced
Blended
Modules Covered, Designed by Experts
Module 1: Introduction to International Financial Reporting Standards (IFRS)
- The Need for Global Accounting Standards: An Overview of IFRS
- The IFRS Foundation and IASB: Structure and Responsibilities
- Key Differences Between IFRS and Local GAAP
- The IFRS Conceptual Framework: Objectives and Qualitative Characteristics
Module 2: Financial Statement Presentation Under IFRS
- IFRS Requirements for the Presentation of Financial Statements (IAS 1)
- Structure and Components of a Complete Set of Financial Statements
- Statement of Financial Position (Balance Sheet)
- Statement of Comprehensive Income, Changes in Equity, and Cash Flows
Module 3: Revenue Recognition and Measurement (IFRS 15)
- Key Principles of Revenue Recognition Under IFRS 15
- Identifying Contracts, Performance Obligations, and Transaction Prices
- Revenue from Contracts with Customers: Practical Examples
- Applying the Five-Step Model to Various Industries
Module 4: Accounting for Leases (IFRS 16)
- Overview of Lease Accounting: Lessee vs. Lessor Accounting
- The Right-of-Use Asset and Lease Liability
- Short-Term Leases and Low-Value Assets: Practical Application
- Disclosure Requirements and Financial Statement Impacts
Module 5: Financial Instruments (IFRS 9)
- Classification and Measurement of Financial Instruments
- Impairment Models: The Expected Credit Loss (ECL) Approach
- Hedging and Derivatives: Accounting for Financial Risk
- Real-World Examples: Application of IFRS 9 in Banking and Corporate Sectors
Module 6: Accounting for Employee Benefits (IAS 19)
- Defined Contribution Plans vs. Defined Benefit Plans
- Actuarial Assumptions and Valuations: Key Considerations
- Recognizing and Measuring Employee Benefits in Financial Statements
- Disclosure and Reporting Requirements for Employee Benefits
Module 7: Consolidation and Group Reporting (IFRS 10, IFRS 3)
- Control and Consolidation: Understanding Subsidiary Relationships (IFRS 10)
- Accounting for Business Combinations: Goodwill and Acquisition Accounting (IFRS 3)
- Non-Controlling Interests and Consolidation Adjustments
- Practical Examples of Consolidated Financial Statements
Module 8: Property, Plant, and Equipment (IAS 16)
- Recognition and Measurement of Fixed Assets
- Depreciation Methods and Asset Impairment
- Revaluation Model vs. Cost Model: Practical Implications
- Disposal of Assets and Related Accounting Entries
Module 9: Impairment of Assets (IAS 36)
- Identifying Impairment Indicators: What to Watch For
- Testing for Impairment: Recoverable Amount and Carrying Value
- Recognizing and Reversing Impairment Losses in Financial Statements
- Application of IAS 36 in Real-World Scenarios
About the Course
As businesses expand across borders, the need for a universal language in financial reporting has never been greater. This comprehensive course focuses on the International Financial Reporting Standards (IFRS) and other global accounting frameworks, offering an in-depth understanding of their application and impact on financial statements. From learning the core principles of IFRS to exploring how these standards align with other international reporting frameworks, you’ll gain the knowledge and skills needed to ensure that financial reporting meets global standards of accuracy, transparency, and comparability.
The course takes a practical approach by providing real-world examples and case studies, ensuring you not only understand the theory but also know how to apply it in your day-to-day work. By the end of the course, you’ll be fully equipped to handle international accounting standards and bring a new level of expertise to your organization’s financial reporting process.
Target Audience
This course is ideal for professionals working in global or multinational organizations, including:
- Accountants and Financial Officers responsible for preparing and presenting financial statements.
- Auditors and Compliance Officers who ensure that organizations adhere to international financial standards.
- Corporate Finance Professionals seeking to deepen their understanding of global reporting standards.
- Tax Consultants working with international clients.
- CFOs and Financial Managers overseeing financial strategy and compliance.
- Investors and Analysts who rely on accurate financial statements for decision-making.
Course Objectives
By the end of this course, participants will be able to:
- Understand the framework and core principles of International Financial Reporting Standards (IFRS).
- Apply IFRS to the preparation and presentation of financial statements.
- Interpret the differences between IFRS and other accounting standards like US GAAP.
- Navigate key reporting standards for specific areas such as revenue recognition, leases, and financial instruments.
- Ensure compliance with global reporting standards in multi-national organizations.
- Analyze financial statements prepared under IFRS for better decision-making.
Organizational and Professional Benefits
What can you gain from this course? You will:
- Strengthen your expertise in international financial reporting, setting yourself apart in the field.
- Enhance your credibility by demonstrating a deep understanding of global accounting standards.
- Advance your career with knowledge that is essential for working in multinational and cross-border environments.
- Increase your decision-making power by understanding how financial standards impact reports and disclosures.
- Be prepared for future roles in compliance, auditing, and financial leadership at the international level.
How will this course benefit your organization? Your company will:
- Ensure compliance with international accounting standards, avoiding costly penalties and discrepancies.
- Enhance financial transparency and comparability for stakeholders and investors.
- Build trust in financial reporting, both locally and globally.
- Reduce the risk of reporting errors through a thorough understanding of IFRS principles and requirements.
- Streamline financial consolidation processes across multinational subsidiaries.
Training Methodology
What can you expect during the course? Our approach includes:
- Instructor-led sessions to deliver expert insights on IFRS and global accounting practices.
- Interactive discussions and Q&A sessions for participants to share experiences and clarify concepts.
- Real-world case studies that demonstrate the application of standards in diverse business environments.
- Practical exercises and simulations to reinforce learning and build confidence in applying IFRS to financial reports.
- Assessments and quizzes to ensure retention of key concepts and track your progress throughout the course.
Upcoming Sessions in International Locations
Certification: Your Badge of Honor!
Upon successful completion of our International Accounting and Reporting Standards Training Course, you won't just walk away with newfound knowledge – you'll also snag a Trainingcred Certificate! This is your golden ticket, showcasing your expertise and dedication in Banking, Accounting and Financial Management.
Tailor-Made Course: Like a Suit, But for Your Brain!
Imagine International Accounting and Reporting Standards Training Course that fits your team's needs as perfectly as a tailor-made suit! That's what we offer with our bespoke training solution. We don't believe in one-size-fits-all; instead, we're all about crafting a learning experience that's as unique as your organization.
How do we do it? By diving deep with a Training Needs Assessment, we uncover the hidden gems – the skills your team already rocks at, the knowledge gaps we need to bridge, and the ambitions soaring in their minds. It's not just training; it's a transformation journey, meticulously designed just for you and your team. Let's make learning personal.
Accommodation and Airport Pickup
We’re here to make your experience seamless! If you need accommodation or airport pickup, just let us know. To arrange your reservations, please reach out to our Training Officer:
- Email: [email protected]
- Call/WhatsApp: +254759509615
We’re happy to assist!
Other Banking, Accounting and Financial Management Courses you may also like...
Business Intelligence and Analytics for Finance Professionals Training Course
Course Duration: 10 Days
Course Level: Foundation To Intermediate
Advanced Revenue Collection Strategies Training Course
Course Duration: 5 Days
Course Level: Foundation To Intermediate
Project Scheduling and Cost Planning Skills Training Course
Course Duration: 5 Days
Course Level: Foundation To Intermediate
Procurement of Equipment and Services for World Bank-funded Projects Course
Course Duration: 5 Days
Course Level: Foundation To Intermediate
Strategic Cost and Value Management in Procurement Training Course
Course Duration: 5 Days
Course Level: Foundation To Intermediate
Setting and Controlling Budgets Training Course
Course Duration: 5 Days
Course Level: Foundation To Intermediate
