Methodology

The course uses a mix of interactive techniques, such as brief presentations by the consultant, application of different theories, group exercises to exchange experience and apply knowledge acquired throughout the course.

Course Objectives

By the end of the course, participants will be able to:

Explain the main requirements of International Accounting Standard (IAS 1) in relations to presenting the statements of financial position and comprehensive income

Calculate the Expected Credit Loss for trade receivables as well as properly account for inventory cost and valuation

Properly account for major long term assets items such as fixed assets and investment property

Differentiate between the various financial assets and identify the proper accounting treatment for each classification

Explain the five-step model in recognizing revenue from customers

Measure and present the asset, liability and expenses resulting from lease contracts on the lessee financial statements

Target Audience

Professionals in the fields of finance and accounting as well as professionals seeking to enhance their international accounting knowledge from companies implementing IFRS as the standard of reporting.

Target Competencies

Understanding financial statements

Financial reporting

Applying IFRS

Accounting for current and non-current assets and liabilities

Classifying investments

Assessing impact on financial accounts