Introduction

In today’s global financial environment, adopting and effectively applying the International Financial Reporting Standards (IFRS) is essential for transparency, comparability, and global compliance. This 12-day intensive training program, developed by Global Horizon Training Center, equips financial professionals with the in-depth knowledge and skills to understand, implement, and manage IFRS in real-world business contexts. Covering core standards, recent updates, and complex applications, the course integrates practical case studies and exercises aligned with international reporting and auditing expectations.

Objectives

By the end of this program, participants will be able to:

• Understand the conceptual framework and structure of IFRS.

• Apply key IFRS standards to prepare and present compliant financial statements.

• Navigate complex accounting treatments, including revenue, leases, financial instruments, and consolidation.

• Interpret and implement recent IFRS updates and amendments.

• Bridge differences between IFRS and local GAAP.

• Analyze financial reports in line with global investor expectations.

• Ensure readiness for audit and disclosure requirements.

Organizational Impact

• Improved financial transparency and credibility in global markets

• Enhanced investor confidence through compliant reporting

• Better internal decision-making based on internationally accepted standards

• Reduced risk of regulatory penalties and audit findings

• Smooth transition from local GAAP to IFRS

• Strengthened finance and reporting capabilities across departments

Target Audience

• Chief Financial Officers (CFOs) and Finance Directors

• Financial Controllers and Accountants

• Auditors and Compliance Officers

• Investment Analysts and Internal Auditors

• Regulatory Reporting Officers

• Tax and Treasury Managers

• Professionals transitioning to IFRS environments

Training Program Outline

Day 1: IFRS Overview and Conceptual Framework

• Introduction to IFRS and its importance globally

• The IASB structure and standard-setting process

• Conceptual Framework for Financial Reporting

• Qualitative characteristics and underlying assumptions

Day 2: Presentation of Financial Statements (IAS 1) & Accounting Policies (IAS 8)

• Components of IFRS-compliant financial statements

• Requirements for fair presentation and consistency

• Accounting policies, estimates, and errors

• Disclosures and notes preparation

Day 3: Property, Plant & Equipment (IAS 16), Investment Property (IAS 40), and Impairment (IAS 36)

• Recognition, measurement, and depreciation models

• Revaluation vs. cost model

• Indicators and testing of impairment

• Accounting for investment property fair value

Day 4: Revenue Recognition (IFRS 15)

• 5-step model for revenue recognition

• Performance obligations and contract modifications

• Transaction price allocation and timing of revenue

• Disclosures and industry applications

Day 5: Leases (IFRS 16)

• Lessee and lessor accounting models

• Right-of-use asset and lease liability

• Short-term and low-value exemptions

• Practical examples and financial statement impact

Day 6: Financial Instruments: Recognition, Measurement, and Disclosure (IFRS 9, IFRS 7, IAS 32)

• Classification: amortized cost, FVOCI, FVTPL

• Expected credit loss model

• Hedge accounting principles

• Presentation and disclosure of financial instruments

Day 7: Inventories (IAS 2), Biological Assets (IAS 41), and Provisions (IAS 37)

• Inventory valuation and cost formulas

• Agricultural accounting and fair value approach

• Recognition and measurement of provisions

• Contingent liabilities and asset decommissioning

Day 8: Intangible Assets (IAS 38), Goodwill, and R&D

• Internally generated vs. acquired intangibles

• Accounting for research and development costs

• Goodwill recognition and impairment testing

• Licensing, patents, trademarks, and amortization

Day 9: Consolidated Financial Statements and Business Combinations (IFRS 10, IFRS 3)

• Control and consolidation principles

• Non-controlling interest and elimination entries

• Business combinations vs. asset acquisitions

• Purchase price allocation and goodwill treatment

Day 10: Share-Based Payments (IFRS 2), Employee Benefits (IAS 19), and Income Taxes (IAS 12)

• Equity- and cash-settled share-based payments

• Defined benefit and contribution plans

• Deferred taxes and temporary differences

• Actuarial assumptions and disclosures

Day 11: Foreign Currency Transactions (IAS 21) and Related Party Disclosures (IAS 24)

• Functional vs. presentation currency

• Translation of financial statements and exchange differences

• Related party identification and disclosure requirements

• Arm’s length principles

Day 12: IFRS Updates, Transition Planning, and Compliance Monitoring

• Recent and upcoming IFRS changes (IFRS 17, etc.)

• IFRS vs. Local GAAP reconciliation

• Transition checklist and audit preparedness

• Case studies and final practical workshop