The British Academy for Training and Development offers this training program on International Financial Reporting Standards (IFRS), aiming to enhance the competencies of accountants and financial managers by enabling them to understand and apply IFRS with the highest levels of transparency and professionalism.

In light of the global trend towards harmonizing accounting systems, IFRS has become an essential tool for ensuring the reliability and comparability of financial data across various markets and sectors. Mastery of these standards is vital for any organization seeking compliance and financial excellence at an international level.

This program covers the most commonly used accounting standards and provides detailed explanations of approved policies and procedures, including recognition, measurement, presentation, and disclosure mechanisms. It also highlights key differences between local and international standards, with a focus on systematic steps for transitioning to IFRS within corporate environments.

Who Should Attend?

• Financial accountants and auditors working in public and private institutions.

• Financial managers and reporting officers in multinational companies.

• Financial consultants and certified accountants seeking to enhance their IFRS expertise.

• Regulatory personnel and authorities responsible for setting or overseeing financial and accounting policies.

Knowledge and Benefits:

After completing the program, participants will be able to master the following:

• Understand the theoretical and institutional foundations of IFRS.

• Identify major international standards and apply them in preparing and presenting financial statements.

• Distinguish between accounting treatments under local standards and IFRS.

• Develop the ability to prepare accurate and comprehensive financial disclosures in accordance with IFRS requirements.

• Improve the quality of financial reporting to ensure compliance and provide reliable financial information to stakeholders.

• Objectives and Principles of IFRS

  • Origin and importance of IFRS for organizations.

  • Fundamental principles for preparing financial statements.

  • Regulatory and economic benefits of adopting IFRS.

• Framework for International Financial Reporting

  • Components of financial statements under IFRS.

  • General rules for recognition and disclosure.

  • Comparison between local and international standards.

• Statement of Financial Position (Balance Sheet)

  • Components of assets, liabilities, and equity.

  • Recognition and measurement according to IFRS.

  • Accounting adjustments required for international standards.

• Comprehensive Income Statement

  • Revenues and expenses under IFRS.

  • Profit and loss presentation methods.

  • Linking the income statement with the balance sheet.

• Preparation of the Cash Flow Statement

  • Direct and indirect preparation methods.

  • Handling operating, investing, and financing cash flows.

  • Connecting the various financial statements.

• Statement of Changes in Equity

  • Main components of the statement.

  • Recognition of changes in capital and reserves.

  • Impact on consolidated financial statements.

• Revenue from Contracts with Customers - IFRS 15

  • Revenue recognition principles.

  • Identifying contract components and transactions.

  • Timing and documentation of revenue recognition.

• Leases - IFRS 16

  • Definition and presentation of leases under IFRS.

  • Recognition of lease liabilities on the balance sheet.

  • Measurement of leased assets and obligations.

• Financial Instruments - IFRS 9

  • Classification and measurement of financial instruments.

  • Recognition of expected losses.

  • Disclosure requirements in financial statements.

• Fair Value Measurement - IFRS 13

  • Concept and importance of fair value measurement.

  • Different valuation methods.

  • Disclosure of estimates and assumptions.

• Property, Plant, and Equipment & Depreciation - IFRS 16 & IAS 16

  • Recognition and measurement of assets.

  • Depreciation methods and periodic review.

  • Disclosure of fixed assets.

• Intangible Assets - IAS 38

  • Recognition of trademarks and patents.

  • Valuation and amortization of intangible assets.

  • Disclosure requirements in financial statements.

• Provisions and Contingent Liabilities - IAS 37

  • Recognition and measurement of provisions.

  • Contingent liabilities and probability assessment.

  • Disclosure in financial statements.

• Employee Benefits - IAS 19

  • Pension and insurance obligations.

  • Measurement methods and expense recognition.

  • Disclosure of future benefits.

• Consolidated Financial Statements - IFRS 10

  • When and how to consolidate subsidiaries.

  • Measurement of minority interests.

  • Impact of consolidated statements on financial reporting.

• Joint Arrangements - IFRS 11

  • Recognition of joint ventures and equity stakes.

  • Accounting methods for joint operations.

  • Disclosure of joint operations.

• Presentation of Financial Statements - IAS 1

  • Presentation and disclosure requirements.

  • Providing additional notes for clarity.

  • Linking different financial statements.

• Related Party Disclosures - IAS 24

  • Definition of related parties.

  • Disclosure of transactions and effects.

  • Regulatory standards for disclosure.

• Review of Recent Changes in IFRS

  • Updates to rules and standards.

  • Applying new standards in financial reporting.

  • Practical examples of implementing changes.

• Assessing Financial Impact of Changes

  • Effect on financial statements.

  • Reporting regulatory changes.

  • Strategies to keep pace with developments.

• Financial Statement Analysis under IFRS

  • Use of ratios and financial indicators.

  • Assessing organizational financial performance.

  • Linking financial reporting to decision-making.

• Preparation of the Final Financial Report

  • Ensuring compliance with international standards.

  • Final review of financial statements.

  • Presenting the report professionally and consistently.