Introduction:

The International Financial Reporting Standards (IFRS) Workshop is designed to provide participants with a deep understanding of the globally recognized accounting standards and principles. IFRS is crucial for ensuring transparency and consistency in financial reporting, making this workshop essential for professionals seeking to enhance their financial reporting skills.

Objectives:

• To familiarize participants with the fundamental principles of IFRS.

• To equip participants with the skills to apply IFRS in practical scenarios.

• To provide insights into recent developments and updates in the world of IFRS.

• To prepare participants for IFRS certification or compliance in their respective organizations.

Target Audience:

This workshop is suitable for finance and accounting professionals, auditors, financial analysts, and anyone interested in gaining expertise in IFRS. No prior experience with IFRS is required, making it accessible to both beginners and professionals seeking to update their knowledge.

Workshop Outlines:

Day 1:

Introduction to IFRS

• Understanding the history and development of IFRS.

• The significance of IFRS in the global financial landscape.

Day 2:

IFRS Framework and Concepts

• Overview of the IFRS conceptual framework.

• Recognition and measurement principles.

Day 3:

Financial Statements under IFRS

• Preparing IFRS-compliant financial statements.

• Key components of financial statements.

Day 4:

Revenue Recognition

• IFRS 15 - Revenue from Contracts with Customers.

• Application and practical examples.

Day 5:

Financial Instruments

• IFRS 9 - Financial Instruments.

• Classification and measurement of financial instruments.

Day 6:

Leases and Non-Financial Assets

• IFRS 16 - Leases.

• IAS 16 - Property, Plant, and Equipment.

• IAS 36 - Impairment of Assets.

Day 7:

Employee Benefits and Provisions

• IAS 19 - Employee Benefits.

• IAS 37 - Provisions, Contingent Liabilities, and Contingent Assets.

Day 8:

Group Accounting

• IFRS 10 - Consolidated Financial Statements.

• Preparing consolidated financial statements.

Day 9:

Other Comprehensive Income and Disclosure

• Understanding Other Comprehensive Income (OCI).

• Disclosure requirements under IFRS.

Day 10:

Recent Developments and Case Studies

• Exploring recent changes and updates in IFRS.

• Case studies and practical applications of IFRS principles.