Course Summary
This eight-day IFRS immersion workshop focuses on all significant IFRS requirements, with detailed explanations and examples presented by two specialist instructors. The program includes the latest pronouncements, and participants will be brought up-to-date on IFRS topics.
Through the use of case studies, exercises, and SIC & IFRIC Interpretations, the workshop covers:
- Brief history of IFRSs
- Format and content of statement of financial position
- Statement of comprehensive income – presentation and specific disclosures (earnings per share, segment reporting, discontinued operations, related parties, accounting policies, discontinued operations)
- Statement of cash flows
- Statement of changes in equity
- Interim financial reporting
- Recognition and measurement of assets (property, plant & equipment, intangible assets, inventories, investment property) including the accounting treatment of impairments and assets held for sale
- Capitalization of borrowing costs
- Accounting estimates and errors
- Changes in accounting policy
- Events after the reporting period
- Revenue recognition
- Provisions/non-financial liabilities (including those for employee benefits) and other liabilities, contingent liabilities and contingent assets (identification & disclosure)
- Share-based payment
- Leases
- Current and deferred income taxes
- Investments in associates and joint ventures
- Business combinations and consolidated financial statements, including special purpose entities
- Construction contracts
- Financial instruments, including the treatment of derivatives & hedge accounting
- Foreign currency transactions and financial statement translation
- Financial reporting in hyperinflationary economies
- Government grants and government assistance
- Reporting by retirement benefit plans
- First-time adoption of IFRS
- Discussion of future developments (Exposure Drafts, Draft Interpretations, Discussion Papers, IASB & IFRIC projects and agenda, convergence plans with major national standard setters)
Special offer for IFRSList members
http://www.iaseminars.com/en/ifrslist.html
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