IFRS (International Financial Reporting Standards) Training Course

Did you know that IFRS Accounting Standards are required in more than 140 jurisdictions worldwide, making them effectively a global accounting language essential for financial professionals operating in today’s international business environment?

Course Overview

The IFRS Training Course by Alpha Learning Centre is meticulously designed to equip professionals with essential skills in understanding and applying International Financial Reporting Standards. This course focuses on how professionals can effectively implement IFRS principles, prepare compliant financial statements, and navigate the complex regulatory landscape to ensure comprehensive financial reporting in modern global business environments.

Why Select This Training Course?

Selecting this IFRS (International Financial Reporting Standards) Training Course offers numerous advantages for professionals involved in financial reporting and accounting. Participants will gain advanced knowledge of IFRS frameworks, standards interpretation, and practical application methodologies. The course provides hands-on experience with industry-standard accounting practices and real-world case studies, enabling attendees to optimise their financial reporting strategies effectively.

For organisations, investing in this training enhances overall financial transparency and ensures better compliance with global standards. Research indicates that implementing comprehensive IFRS frameworks results in enhanced ability to attract international investment and improve stakeholder confidence. According to industry experts, companies using IFRS can more effectively communicate their financial position across borders, leading to improved access to capital markets and enhanced comparability with global competitors.

For individuals who complete this course will benefit from enhanced career prospects as they become more valuable assets in their respective fields. Studies indicate that professionals with IFRS expertise can significantly improve their career trajectory as understanding global financial reporting standards positions individuals as specialists in a high-demand field, particularly in multinational organisations and accounting firms serving international clients.

Transform your financial reporting capabilities – Register now for this critical advanced training programme!

Who Should Attend?

This IFRS Training Course is suitable for:

• Financial Accountants
• Auditors
• Financial Controllers
• Corporate Finance Professionals
• Reporting Managers

What are the Training Goals?

The objectives of this course are to equip professionals with in-depth IFRS knowledge:

• Apply IFRS accurately in financial reporting.
• Interpret complex IFRS standards for practical use.
• Enhance skills in preparing IFRS-compliant financial statements.
• Navigate through changes in IFRS standards.
• Manage IFRS implementation in various business scenarios.
• Understand the impact of IFRS on financial analysis.
• Ensure compliance with IFRS in multinational operations.

How will this Training Course be Presented?

The IFRS Training Course delivers comprehensive, hands-on training through proven methodologies designed to maximise learning outcomes and practical skill development. Our expert instructors employ the following methods:

• In-depth analysis of IFRS case studies
• Interactive workshops focusing on IFRS application
• Expert-led sessions on specific IFRS standards
• Practical exercises with financial software
• Group discussions on IFRS interpretations

Each delivery method is carefully integrated to ensure participants gain both theoretical knowledge and practical experience. The course structure promotes active engagement and real-world application, allowing participants to develop crucial analytical and technical skills within a supportive learning environment.

Join us to experience this dynamic and effective learning approach – Register now to secure your place!

Course Syllabus

Module 1: IFRS Framework

• Conceptual Framework for Financial Reporting.
• Qualitative characteristics of useful financial information.
• Elements of financial statements under IFRS.
• Recognition and measurement principles.
• Presentation and disclosure requirements.

Module 2: Revenue from Contracts with Customers (IFRS 15)

• Identifying performance obligations.
• Determining transaction price.
• Allocating transaction price to performance obligations.
• Revenue recognition over time or at a point in time.
• Contract modifications and variable considerations.
• Principal versus agent considerations.
• Disclosures related to revenue.

Module 3: Financial Instruments (IFRS 9)

• Classification and measurement of financial assets.
• Impairment of financial assets.
• Hedge accounting principles.
• Derecognition of financial assets and liabilities.
• Fair value measurement of financial instruments.
• Accounting for financial liabilities.

Module 4: Leases (IFRS 16)

• Identifying a lease.
• Lessee accounting for right-of-use assets.
• Lease liabilities and their measurement.
• Lease modifications and reassessments.
• Lessor accounting under IFRS 16.
• Sale and leaseback transactions.

Module 5: Consolidation and Business Combinations (IFRS 10/IFRS 3)

• Control assessment for consolidation.
• Preparation of consolidated financial statements.
• Goodwill recognition and impairment testing.
• Accounting for business combinations.
• Non-controlling interests in consolidated entities.
• Step acquisitions and reverse acquisitions.
• Disclosures for business combinations.
• Accounting for loss of control.

Module 6: Property, Plant, and Equipment (IAS 16)

• Recognition criteria for PPE.
• Measurement after recognition – cost vs. revaluation model.
• Depreciation methods and useful life estimation.
• Impairment of PPE.
• Disposals and derecognition of PPE.
• Borrowing costs capitalization.
• Component accounting and significant parts.

Module 7: Intangible Assets (IAS 38)

• Criteria for recognition of intangible assets.
• Measurement of intangibles at initial recognition.
• Subsequent measurement – cost or revaluation model.
• Amortization of intangible assets.
• Impairment testing for intangibles.
• Research versus development costs.

Module 8: Provisions, Contingent Liabilities, and Contingent Assets (IAS 37)

• Recognition and measurement of provisions.
• Restructuring provisions.
• Onerous contracts.
• Contingent liabilities and their disclosure.
• Contingent assets recognition.
• Reimbursements and their accounting.
• Changes in provisions.

Module 9: Employee Benefits (IAS 19)

• Short-term employee benefits.
• Post-employment benefits – defined contribution vs. defined benefit plans.
• Other long-term employee benefits.
• Termination benefits.
• Actuarial gains and losses.
• Disclosure requirements for employee benefits.

Module 10: Agriculture (IAS 41)

• Biological assets and agricultural produce recognition.
• Fair value measurement in agriculture.
• Government grants related to agricultural activity.
• Gains and losses on initial recognition.
• Harvesting and subsequent processing.

Module 11: Segment Reporting (IFRS 8)

• Identifying operating segments.
• Determining reportable segments.
• Measurement of segment profit or loss, assets, and liabilities.
• Reconciliations to amounts in the financial statements.
• Entity-wide disclosures.
• Geographical information in segment reporting.

Training Impact

The impact of IFRS training is evident through various real-world case studies and data, which demonstrate the effectiveness of structured programmes in enhancing financial reporting quality and global compliance.

Research indicates that professionals with strong IFRS skills can significantly improve organisational outcomes. According to industry experts, companies with well-trained finance professionals experience enhanced ability to present transparent and comparable financial statements that meet the expectations of global investors and regulators. Organisations implementing robust IFRS frameworks typically achieve improved stakeholder communication, reduced compliance costs, and greater operational efficiency through standardised reporting practices.

These case studies highlight the tangible benefits of implementing advanced IFRS techniques:

• Improved investor confidence through enhanced financial transparency
• Streamlined reporting processes across international operations
• Increased ability to access global capital markets
• Strengthened compliance with evolving international standards

By investing in this advanced training, organisations can expect to see:

• Significant improvement in financial reporting quality
• Improved ability to handle complex cross-border transactions
• Enhanced decision-making capabilities through consistent financial information
• Increased competitiveness in global markets through comprehensive IFRS compliance

Transform your career and organisational performance – Enrol now to master International Financial Reporting Standards!