Key Learning Objectives:
- Introduction to IFRS: Gain a foundational understanding of the history, structure, and purpose of International Financial Reporting Standards.
- IFRS Framework and Principles: Explore the conceptual framework and underlying principles that guide the development and application of IFRS.
- IFRS Financial Statements: Dive into the preparation and presentation of financial statements under IFRS, including balance sheets, income statements, and cash flow statements.
- IFRS for Specific Industries: Understand how IFRS applies to specific industries, such as banking, insurance, and extractive industries, considering industry-specific standards and practices.
- Fair Value Measurement: Explore the principles of fair value measurement and its application in financial reporting under IFRS.
- Revenue Recognition under IFRS 15: Delve into the requirements of IFRS 15, the standard on revenue recognition, and learn how to apply it in various business scenarios.
- IFRS 9 Financial Instruments: Understand the principles of IFRS 9, focusing on the classification and measurement of financial instruments, impairment, and hedge accounting.
- Leases under IFRS 16: Explore the key aspects of IFRS 16, the standard on leases, and its impact on lease accounting.
- IFRS Compliance and Implementation: Learn practical strategies for implementing and ensuring compliance with IFRS within your organization.
- IFRS Updates and Evolving Standards: Stay informed about the latest updates and evolving standards within the IFRS framework.