International Accounting Standards (IFRS/IAS)
The Latest Developments
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1- Online Training...with international accreditation.
The value of participation per person is €1,450
2- Requirement : specifying the course, number of participants,
implementation date, and joint coordination.
Group contracting ... 20% Discount For Each Participant
In Any Group Of Five Person Or More
Other Places To Hold The Course :
KualaLumpur.. Istanbul.. Dubai.. Cairo.. Riyadh.. Jeddah.. Abu Dhabi.. Doha.. Muscat.. Sharm El Sheikh.. Kuwait.. Tripoli.. Amman.. Beirut.. Damascus.. Tunisia.. Casablanca.. London.. Paris.. Barcelona.. Amsterdam.. Brussels
International Accounting Standards (IFRS/IAS)
The Latest Developments
Introduction :
The global financial reporting environment is complex and in a state of perpetual change, which can place a heavy burden on businesses to comply with the reporting requirements. A big challenge facing businesses is ensuring that the right people within the organisation understand the relevant accounting requirements in order to achieve compliance with the accounting standards.This training program aims to update the participants on the application of the most recent changes to the financial reporting standards.
Course Objectives :
At the end of this course, the participants will be able to :
- Describe the context and purpose of financial reporting.
- Describe the main changes incurred and will be incurred to the IFRSs.
- Outline and analyse the reporting requirements emanating under the main financial standards.
- Describe the accounting for assets requirements.
- Outline and analyse the requirements for the calculation of the fair value of specific assets.
- List the financial statements’ presentation requirements as per the applicable standards.
- Outline and analyse the liabilities and equity reporting requirements.
- List the reporting options available.
- Explain the importance of adhering to the accounting principles and standards to maintain the consistency and integrity of financial information.
- Apply the requirements of IFRS and their applicable changes.
- Establish the need to deploy tools to support the application of changes in IFRS’s requirements.
- Apply the changes to the reporting requirements.
- Perform the measurement methods to calculate the fair value of assets.
- Prepare the financial statements according to the changes of IAS1.
- Apply the options available emanating from IFRSs.
- Manage stakeholder’s expectations
- Assess the readiness of the organisation to apply the requirements of the standards
- Recommend solutions to address the changes to the standards
- Adopt a formal policy to be followed when addressing IFRS requirements
- Justify the importance of applying the IFRSs requirements
- Justify the need of a company to apply the requirements of the standards
Targeted Audience :
- Accountants
- Financial analysts
- Financial Controllers
- Internal and External Auditors
- Lawyers
- Bankers
- Business owners
- Non-financial professionals and managers
Course Outlines :
World View of IFRS
- Introductions
- Course overview
- Adoptions of IFRS around the world
- Recent IFRS Changes – What’s New?
Applying IFRS 9 : Financial Instruments
- IFRS 9’s classifications of financial assets
- Business models and contractual cash flow characteristics
- Impairment of receivables
Applying IFRS 15 : Revenue Recognition
- IFRS 15’s 5-step approach
- Practical examples of recognition of revenue over time
- Contract assets and contract liabilities
IFRS 16 : Applying the leasing standard
- Summary of the new approach
- Overview of the consequences
- Revised definition of a lease
- Optional exemptions of leases
- How a lessee should initially recognise a lease
Accounting for Assets : How much fair value is there now in IFRS?
- Different types of use of fair value: initial measurement, subsequent measurement, and impairment
- How much fair value was already in IASs?
- How much fair value has IASB added by 2022?
- Under the options, how much fair value is chosen by companies?
Presentation of Financial Statements; and why are there two income statements?
- Amendments to IAS 1 in recent years
- Changes to IAS 1 and IAS 7 (new standards expected, resulting from ED of 2019)
- Preparing the Statement of Changes in Equity
- Why are there two income statements?
- Examples of contents of Other Comprehensive Income
- When and why are items reclassified out of OCI?
Liabilities and equity: What exactly is the dividing line, and why does it matter?
- The IASB’s exposure draft (expected 2022) on ‘Financial Instruments with Characteristics of Equity
- How this will affect practice
Practical problems with ‘liabilities’ in IFRS: Definition, recognition, and measurement
- Why certain things are not liabilities (e.g., most share-based payments, proposed dividends, restructuring provisions, non-controlling interests)
- When to recognise law cases against the company
- How the various liabilities are measured under IFRS
Options remaining in IFRS in 2022: Which should your company choose?
- Options on presentation in IAS 1 and IAS 7
- Options on asset measurement: inventories, PPE, investment property, and intangibles
- Other IFRS options available to companies
EuroMax Training Methodology :
Our training work is presented in a professional and attractive manner.. Interspersed with interceptive information to renew attention throughout the training period… We aim with this method to train the listener and interact… In addition to practical applications that target the direct skills and knowledge required to be achieved.. It is presented to the trainees in more than one way.. Practical exercises and applications.. Surveys and questions.. A training strategy has been adopted based on pairing between the theoretical and the professional and between the local and the global.
What Does The Participant Get From The Course?
Each participant obtains an internationally accredited training certificate from the EuroMax Center for Training and Development … which has the ISO certificate in quality No. 900/2015 from the English international company UCAS .. and receives a training bag containing the scientific material via an electronic flash … in addition to an enjoyable and useful training that is reflected Positive and developmental for individuals and the institution
Note :
We can implement the training course in any of the cities referred to in this course..at the appropriate and required time for the trainees..through joint coordination with the training department at the center..the training is implemented in a distinctive manner according to the best quality standards so that we meet all training requirements and needs.
International Accreditations
The EuroMax Center for Training and Consulting has obtained international and official accreditations with the highest and best international levels scientifically and technically, which reflect the level of outstanding performance in our training work.. so that it achieves what each participant aspires to by obtaining the best certificates with officially approved scientific and technical standards.
