IFRS and IAS Standards Mastery Training Course

Description

This course equips participants with in-depth knowledge and practical skills required to understand, interpret, and apply International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS). It focuses on financial reporting principles, recognition and measurement rules, disclosure requirements, and the application of key standards in preparing accurate and compliant financial statements. Participants will develop mastery in applying standards across a wide range of accounting scenarios.

Target Groups

Accountants and financial reporting officers
Auditors (internal and external)
Financial controllers and analysts
Chief financial officers and finance managers
Tax and compliance professionals
Government and public sector finance staff
NGO and donor-funded project accountants
Investment and banking professionals
Accounting consultants and advisors
Students in accounting, finance, or business administration

Course Objectives

By the end of this course, participants will be able to:

Understand the IFRS conceptual framework and IAS standards
Apply IFRS and IAS in financial reporting accurately
Prepare and analyze IFRS-compliant financial statements
Interpret key accounting standards across transactions
Handle asset, liability, revenue, and expense recognition
Apply consolidation and group reporting standards
Ensure compliance with global reporting requirements
Improve transparency and consistency in financial reporting
Support audit and regulatory reporting processes
Strengthen decision-making using IFRS-based reports

Course Modules

Module 1: Introduction to IFRS and IAS Framework

Overview of IFRS and IAS standards
Objectives and scope of international financial reporting
Conceptual framework for financial reporting
Role of IASB and global standard-setting bodies
Adoption and implementation of IFRS

Module 2: Presentation of Financial Statements (IAS 1)

Components of financial statements
Statement of financial position
Statement of profit or loss and comprehensive income
Statement of cash flows and changes in equity
Presentation and disclosure requirements

Module 3: Revenue and Income Standards (IFRS 15, IAS 18 Overview)

Revenue recognition principles
Contracts with customers
Timing and measurement of revenue
Multiple performance obligations
Disclosure requirements for revenue

Module 4: Property, Plant and Equipment (IAS 16)

Recognition and measurement of PPE
Cost and revaluation models
Depreciation methods
Disposal and impairment
Disclosure requirements

Module 5: Intangible Assets (IAS 38)

Recognition criteria for intangible assets
Research and development costs
Amortization and impairment
Internally generated intangibles
Reporting and disclosure

Module 6: Financial Instruments (IFRS 9)

Classification and measurement of financial assets
Expected Credit Loss model overview
Financial liabilities accounting
Fair value measurement principles
Disclosure requirements

Module 7: Leases (IFRS 16)

Lease classification and recognition
Right-of-use asset accounting
Lease liability measurement
Impact on financial statements
Disclosure and reporting requirements

Module 8: Consolidated Financial Statements (IFRS 10, IAS 27)

Control and group accounting principles
Consolidation procedures
Non-controlling interests
Intercompany eliminations
Group financial reporting requirements

Module 9: Impairment, Provisions, and Contingencies (IAS 36, IAS 37)

Asset impairment testing
Recognition of provisions
Contingent liabilities and assets
Measurement principles
Disclosure requirements

Module 10: Capstone Project and Case Studies

Real-world IFRS application scenarios
Group project: preparing full IFRS-compliant financial statements
Case studies on complex accounting treatments
Simulation of financial reporting and standard application
Emerging trends in IFRS, sustainability reporting standards, digital financial reporting systems, AI-driven accounting tools, and global harmonization of accounting standards