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IFRS Comprehensive Refresher - Day 2

The mutually exclusive two days of this course are designed to provide delegates with a thorough understanding of the accounting and financial reporting requirements of key IFRS standards under IFRS including an insight into the latest changes.

As the days are mutually exclusive, it is possible to book only one of the days. See what is covered on Day 1.

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Learning Objectives

The course is ideal for anyone in need of a thorough, and up to date refresher of IFRS in a practical and relevant way. It might be that you have not dealt with the detail of IFRS for some time, or that you have been focusing on a few IFRS standards in your work place, necessitating a refresher and update in all of the key areas.

Course Content

Topics are explained thoroughly and accompanied by illustrative examples throughout.

  • Revenue – IAS 18 & IFRS 15 Refresher of the current principles under IAS 18 Revenue together with an overview of the significant changes introduced by IFRS 15 Revenue from contracts with Customers which will take effect for financial years starting on or after 1 January 2018 (this will naturally also affect 2017, the comparative year). 
  • Leases Refresher of the current principles under IAS 17 Leases together with an overview of the significant changes introduced by IFRS 16 Leases which will take effect for financial years starting on or after 1 January 2019 (this will naturally also affect 2018, the comparative year).
  • Business combinations (IFRS 3) Overview refresher of acquisition accounting under IFRS 3 including the requirements under IFRS 3 (Revised) for calculating Goodwill (change in formula) and non-controlling interest (additional option added).
  • Financial instruments – IAS 39 & IFRS 9 Refresher of the current principles under IAS 39 Financial Instruments together with an overview of the changes introduced by IFRS 9 Financial Instruments which will take effect for financial years starting on or after 1 January 2018 (this will naturally also affect 2017, the comparative year). Note:  this course deals with the more basic types of financial instruments which most entities have (e.g. loans payable/receivable, investments in shares/bonds/debentures, payables/receivables, etc) – treatment of compound (convertible) financial instruments and hedge accounting is not included.
  • Foreign exchange transactions (IAS 21) Refresher of key principles to account for transactions in foreign currency, and an overview of accounting for foreign operations.

Resources provided

  • A user-friendly, comprehensive material pack which can be used again after the course to refresh your memory or to assist with a technical issue.
  • Illustrative examples and case studies – including calculations and journal entries.
  • Link to a complete set of accounts prepared under IFRS

WHO SHOULD ATTEND

The course is ideal for:

  • Anyone need of a thorough, and up to date refresher of IFRS in a practical and relevant way
  • If you have not dealt with the detail of IFRS for some time, or that you have been focusing on certain IFRS standards in your work place, necessitating a refresher and update in all of the key areas
  • Any accountants who wish to keep up to date with financial reporting changes

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Online Courses

You may prefer an online course if you are looking for a flexible and cost-effective solution. Online courses allow you to study at your own pace, at a time that suits you.

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