Get Certified Online By Top International Institutes
Get Certified Online By Top International Institutes. Get Certified Online By Top International Institutes
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Certificate in IFRS
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4.9
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TRAINING
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Course Overview
International Financial Reporting (IFRS) is the indisputably global solution for any country in the world to integrate into the international capital markets. There is virtually no room for a local solution in this category, and an increasing number of entities are moving to IFRS. Access to capital from both the domestic and international arena is inextricably linked to the integrity and international credibility of financial reporting. The IFRS standard setters have been pursuing a process of revamping standards to improve global financial reporting and this course is a necessity for IFRS preparers and users to be up-to-date with current standards and trends. This course offers the learner a comprehensive understanding of the essential elements of IFRS; beginning by building on the foundations laid by the IASB’s mainstream IFRS standards. The course develops key skill competencies through the application of sound theoretical content within a practical, real-life inspired case-study based environment.
Key Takeaways
1
Improved knowledge and understanding of the global trends for International Financial Reporting Standards.
2
Practical application of IFRS standards.
3
Understanding of recent changes in IFRS and practicalities of their application.
4
Practical understanding of the transitional challenges and approaches in moving to Internationally accepted reporting norms of IFRS.
5
IFRS changes on the horizon and their impact in Financial Reporting.
Certifications From
LEORON - Professional Development Institute
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Built upon the strong experience in the manufacturing sector, which the founders developed in Sweden during the 90’s global expansion, LEORON evolved into a comprehensive training institute, offering training and development solutions in all strategic corporate functions, including corporate finance, HR, SCM, operations, and engineering. With strategic distribution of our offices in leading locations, such as Dubai, Riyadh, Jonkoping, Skopje, Accra, and Almaty, our team of experts delivers approximately 500 courses annually, and roughly 10000 professionals are equipped with appropriate education and the latest insights in a wide assortment of industries across the EMEA region.

Course Outline

Day 1
IFRS Overview
The Global movement to IFRS Principles vs. rule-based approach to accounting US GAAP Convergence IFRS Core Concepts IAS 1 and Conceptual Framework Purpose and rationale for the conceptual framework Overview of significant changes to the framework - Reason for the changes - Impact on IFRS reporting Fundamental and enhancing qualitative characteristics of financial statements Materiality and aggregation
Assets under IFRS
IAS 16: Property, Plant and Equipment Cost capitalisation criteria Repairs and maintenance Component accounting and depreciation Revaluation methodology Establishing capitalization thresholds Decommissioning costs Guidance on self-constructed assets
Day 2
Assets under IFRS (continued)
IAS 40: Investment Property What is investment property Accounting alternative for investment properties IAS 36: Impairment of Non-Current Assets Principles what is impairment Key stages in the impairment process Application of impairment adjustments Guidelines for impairment reversals
Accounting for Liabilities
IAS 37: Provisions, Contingent Liabilities and Contingent Assets Definitions and concepts to determine if provisions Identifying the obligating event Legal and constructive obligations Estimating provisions Recognition criteria Restructuring and onerous contracts Treatment of contingent assets and liabilities
Financial Statement Presentation
IFRS 5: Non-Current Assets Held for Sale and Discontinued Operations Purpose of this standard Criteria to determine held for sale / discontinued operations Accounting treatment under IFRS 5 IFRS 8: Operating Segments Purpose of the standard How the management-based approach works Identification of reportable segments Role of the chief operating decision makers (CODM) Reportable segment thresholds

Who Should Attend?

This highly practical and interactive course has been specifically designed for
Heads of Finance
Chief Accountants
Financial Controllers
Prepares of IFRS financial statements
Analysts requiring knowledge of IFRS compliant statements
External and Internal Auditors

FAQ

What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations.We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +971 4 447 5711 or register@leoron.com.
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.

Reviews

  • Review:
    IAMM Internal Audit Maturity Model
    In recognition of their dedication and contribution supporting IKEA Saudi Arabia in arranging training programs during 2017 & 206, looking forward for more development and exciting effort this year. On behalf of IKEA Saudi Arabia, THANK YOU!
    Dalal Kutbi
  • Review:
    Certified Professional in Quality and Patient Safety
    Dating back to 2014, Mobily’s “LEORON” experience has grown from a single collaboration to a long-term partnership. We consider “LEORON” Institute as a strategic partner, whose contribution has been nothing but premium in equipping our staff with field-based knowledge and information. Past three years have resulted with an expanded collaboration with superior customer service and support. Best Regards,
    Turki S. Alsahaan
  • Review:
    Certified Professional in Quality and Patient Safety
    Since the partnership was signed between BAE Systems Saudi Development & Training and LEORON in 2017, we have been working together to offer the Saudi market a complete portfolio of training solutions benefiting from the wide and extensive experience of both parties. Recognizing the great success of this partnership, we are looking for further collaborations in the future that will position both companies as one of the leading training providers in Saudi Arabia. We thank the LEORON team for their full cooperation and continuing support, and look forward to further success together in the years to come.
    Emad Alrajih
  • Review:
    Certified Professional in Quality and Patient Safety
    We have been working with LEORON for the past two years and will be working with them again this upcoming year. The programs they delivered were fruitful and exciting and our organization has received positive feedback from the participants. What our organization aims to do is to provide at no cost training for all the private sector employees so that they may benefit from our offered programs in Innovation and Professional development. Leoron has helped us achieve this goal. We look forward to continuing this service and wish them the best of luck. Regards,
    Nasser M. Al-Subaie