OVERVIEW

International Finance Reporting Standards (IFRS) are now the world’s most widely accepted and applied accounting standards with more than 100 countries now requiring or permitting their use.

The diminishing differences between generally accepted accounting principles (GAAP), principally established by the Financial Accounting Standards Board (FASB), and international financial reporting standards (IFRS), as established by the International Accounting Standards Board (IASB), is narrowing at a faster pace.

OBJECTIVES

  • Understanding the current and potential future requirements of IFRS, including the final prospects and timetable for the convergence of GAAP and IFRS
  • Applying standards in accordance with their requirements in terms of preparing IFRS compliant financial statements, including the selection of appropriate accounting policies and related footnote disclosures
  • Understanding the recognition and measurement principles as delineated within the IASB’s Framework and comprehending their application within each accounting standard
  • Defining and applying the transition process to IFRS and identifying the first-time exemption as well as exceptions relating to the financial statements of a transitioning  organization
  • Examining accounting standards that either require or permit the use of fair value measurement (including comparisons to U.S. Financial Accounting Standards Nos. 157 and 159), determining fair value measurements and financial statement recognition issues and presentation

COURSE CONTENT

Day 1

  • Evolution of International Accounting Standards
  • Structural Framework for the Preparation and Presentation of Financial Statements

Day 2

  • Preparation and Presentation of IFRS Financial Statements

Day 3

  • Conversion Preparation to IFRS

Day 4

Outbound Activities Aimed At Improving:

  • Communication
  • Teamwork
  • Confidence
  • Motivation

Day 5

  • Impact of IFRS on Financial Statement Interpretations

*ceremony / certificate

 

WHO SHOULD ATTEND

  • Accounting professionals
  • Financial executives
  • Auditors
  • Financial analysts
  • Bankers
  • Investment bankers
  • Any other professionals involved in the preparation, presentation, implementation or analysis of financial statements prepared in accordance with International Finance Reporting Standards (IFRS).

METHODOLOGY

  • Face To Face
  • Role playing
  • Post session assessment
  • Video presentation
  • Case study

PERIOD

5 working days

LANGUAGE

  • English
  • Tetun
  • Indonesia