Introduction
International Financial Reporting Standards (IFRS) have been adopted by more than one hundred countries and are the most widely used financial reporting standards in the world.
This advanced seminar looks in far more depth at the accounting standards and those that are not covered in more basic seminars. Britannia Training has an introductory seminar on IFRS and it is recommended that those attending this seminar have either attended the introductory seminar or have a good working knowledge of IFRS that covers the basic elements.
The seminar will look in more depth at practical application of IFRS in many industry sectors with particular prominence given to the oil & gas, banking and airline industries. Finally this seminar acts as an update and looks at recently released standards that will impact in future periods and also looks at current IASB projects.
Benefits
This advanced seminar, designed for those that have attended the introductory IFRS seminar or who have been working with financial statements produced under IFRS for a significant time, would suit the following:
- Accounting professionals
- Financial executives
- Auditors
- Financial analysts
- Bankers
- Investment bankers
The seminar is also beneficial for professionals involved in the preparation, presentation, implementation or analysis of financial statements prepared in accordance with IFRS.
Seminar Objectives
As a result of completing this seminar, all participants will improve their knowledge, understanding and analytical skills of IFRS, with the following benefits:
- Understanding the newly issued standards, along with IASB projects, and how they will impact on the financial statements
- Understanding the practical implementation of the more complex standards
- Understanding the disclosure and accounting requirements in financial reporting of a group of companies
- Understanding practical implications of using IFRS in specific industries
Training Methodology
This interactive training seminar will present an explanation of all IASB technical requirements in a clear, practical format, including an overall review of the rationale and objectives for all IASB standards that are included in the seminar.
In addition, active participation by all participants through a combination of direct instruction, analysis and evaluation of practical case studies, examples and exercises to illustrate application of the standards as well as current and future issues and other “real life” examples will be encouraged.
Seminar summary
This comprehensive accounting standards training seminar will enable each participant to appreciate and understand the basics and certain complexities associated with international accounting standards along with topic terminology, concepts and applications.
In gaining a perspective of the origins of IFRS, the accomplishments, to date, in the development and acceptance of global accounting standards and insights into the foreseeable future, participants will gain a valuable understanding of this critical field of knowledge and be capable of contributing meaningful assistance to their respective organisations with respect to the adoption and utilisation of these accounting standards.
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