/  International Financial Reporting Standards IFRS and Updates Training

International Financial Reporting Standards IFRS and Updates Training

BMC Training provides a training course in International Financial Reporting Standards IFRS and Updates in Finance , Accounting and Budgeting

Course Title
Venue
Start Date
End Date
  • London
    24 - 10 - 2021
    28 - 10 - 2021
  • Madrid
    24 - 10 - 2021
    28 - 10 - 2021
  • Berlin
    24 - 10 - 2021
    28 - 10 - 2021
  • Kuala Lumpur
    21 - 11 - 2021
    25 - 11 - 2021
  • Rome
    21 - 11 - 2021
    25 - 11 - 2021
  • Barcelona
    21 - 11 - 2021
    25 - 11 - 2021
  • Zurich
    21 - 11 - 2021
    25 - 11 - 2021
  • London
    7 - 11 - 2021
    11 - 11 - 2021
  • Madrid
    7 - 11 - 2021
    11 - 11 - 2021
  • Berlin
    7 - 11 - 2021
    11 - 11 - 2021
  • Dubai
    14 - 11 - 2021
    18 - 11 - 2021
  • Paris
    14 - 11 - 2021
    18 - 11 - 2021
  • Dubai
    13 - 12 - 2021
    17 - 12 - 2021
  • Paris
    13 - 12 - 2021
    17 - 12 - 2021
  • Kuala Lumpur
    19 - 12 - 2021
    23 - 12 - 2021
  • Rome
    19 - 12 - 2021
    23 - 12 - 2021
  • Barcelona
    19 - 12 - 2021
    23 - 12 - 2021
  • Zurich
    19 - 12 - 2021
    23 - 12 - 2021
  • London
    26 - 12 - 2021
    30 - 12 - 2021
  • Madrid
    26 - 12 - 2021
    30 - 12 - 2021
  • Berlin
    26 - 12 - 2021
    30 - 12 - 2021
  • Istanbul
    12 - 12 - 2021
    16 - 12 - 2021
  • Dubai
    5 - 12 - 2021
    9 - 12 - 2021
  • Paris
    5 - 12 - 2021
    9 - 12 - 2021
  • Dubai
    13 - 12 - 2021
    17 - 12 - 2021
  • Paris
    13 - 12 - 2021
    17 - 12 - 2021
  • London
    5 - 12 - 2021
    9 - 12 - 2021
  • Madrid
    5 - 12 - 2021
    9 - 12 - 2021
  • Berlin
    5 - 12 - 2021
    9 - 12 - 2021
  • London
    13 - 12 - 2021
    17 - 12 - 2021
  • Madrid
    13 - 12 - 2021
    17 - 12 - 2021
  • Berlin
    13 - 12 - 2021
    17 - 12 - 2021
  • Kuala Lumpur
    23 - 1 - 2022
    27 - 1 - 2022
  • Rome
    23 - 1 - 2022
    27 - 1 - 2022
  • Barcelona
    23 - 1 - 2022
    27 - 1 - 2022
  • Zurich
    23 - 1 - 2022
    27 - 1 - 2022
  • Kuala Lumpur
    16 - 1 - 2022
    20 - 1 - 2022
  • Rome
    16 - 1 - 2022
    20 - 1 - 2022
  • Barcelona
    16 - 1 - 2022
    20 - 1 - 2022
  • Zurich
    16 - 1 - 2022
    20 - 1 - 2022
  • London
    9 - 1 - 2022
    13 - 1 - 2022
  • Madrid
    9 - 1 - 2022
    13 - 1 - 2022
  • Berlin
    9 - 1 - 2022
    13 - 1 - 2022
  • Dubai
    2 - 1 - 2022
    6 - 1 - 2022
  • Paris
    2 - 1 - 2022
    6 - 1 - 2022
  • London
    16 - 1 - 2022
    20 - 1 - 2022
  • Madrid
    16 - 1 - 2022
    20 - 1 - 2022
  • Berlin
    16 - 1 - 2022
    20 - 1 - 2022
  • Kuala Lumpur
    27 - 2 - 2022
    3 - 3 - 2022
  • Rome
    27 - 2 - 2022
    3 - 3 - 2022
  • Barcelona
    27 - 2 - 2022
    3 - 3 - 2022
  • Zurich
    27 - 2 - 2022
    3 - 3 - 2022
  • London
    20 - 2 - 2022
    24 - 2 - 2022
  • Madrid
    20 - 2 - 2022
    24 - 2 - 2022
  • Berlin
    20 - 2 - 2022
    24 - 2 - 2022
  • Istanbul
    13 - 2 - 2022
    17 - 2 - 2022
  • Dubai
    6 - 2 - 2022
    10 - 2 - 2022
  • Paris
    6 - 2 - 2022
    10 - 2 - 2022
  • London
    6 - 2 - 2022
    10 - 2 - 2022
  • Madrid
    6 - 2 - 2022
    10 - 2 - 2022
  • Berlin
    6 - 2 - 2022
    10 - 2 - 2022
  • Kuala Lumpur
    20 - 3 - 2022
    24 - 3 - 2022
  • Rome
    20 - 3 - 2022
    24 - 3 - 2022
  • Barcelona
    20 - 3 - 2022
    24 - 3 - 2022
  • Zurich
    20 - 3 - 2022
    24 - 3 - 2022
  • Kuala Lumpur
    13 - 3 - 2022
    17 - 3 - 2022
  • Rome
    13 - 3 - 2022
    17 - 3 - 2022
  • Barcelona
    13 - 3 - 2022
    17 - 3 - 2022
  • Zurich
    13 - 3 - 2022
    17 - 3 - 2022
  • London
    6 - 3 - 2022
    10 - 3 - 2022
  • Madrid
    6 - 3 - 2022
    10 - 3 - 2022
  • Berlin
    6 - 3 - 2022
    10 - 3 - 2022
  • Dubai
    27 - 3 - 2022
    31 - 3 - 2022
  • Paris
    27 - 3 - 2022
    31 - 3 - 2022
  • London
    13 - 3 - 2022
    17 - 3 - 2022
  • Madrid
    13 - 3 - 2022
    17 - 3 - 2022
  • Berlin
    13 - 3 - 2022
    17 - 3 - 2022
  • Kuala Lumpur
    24 - 4 - 2022
    28 - 4 - 2022
  • Rome
    24 - 4 - 2022
    28 - 4 - 2022
  • Barcelona
    24 - 4 - 2022
    28 - 4 - 2022
  • Zurich
    24 - 4 - 2022
    28 - 4 - 2022
  • London
    3 - 4 - 2022
    7 - 4 - 2022
  • Madrid
    3 - 4 - 2022
    7 - 4 - 2022
  • Berlin
    3 - 4 - 2022
    7 - 4 - 2022
  • Istanbul
    10 - 4 - 2022
    14 - 4 - 2022
  • Dubai
    17 - 4 - 2022
    21 - 4 - 2022
  • Paris
    17 - 4 - 2022
    21 - 4 - 2022
  • London
    17 - 4 - 2022
    21 - 4 - 2022
  • Madrid
    17 - 4 - 2022
    21 - 4 - 2022
  • Berlin
    17 - 4 - 2022
    21 - 4 - 2022
  • Kuala Lumpur
    8 - 5 - 2022
    12 - 5 - 2022
  • Rome
    8 - 5 - 2022
    12 - 5 - 2022
  • Barcelona
    8 - 5 - 2022
    12 - 5 - 2022
  • Zurich
    8 - 5 - 2022
    12 - 5 - 2022
  • Kuala Lumpur
    1 - 5 - 2022
    5 - 5 - 2022
  • Rome
    1 - 5 - 2022
    5 - 5 - 2022
  • Barcelona
    1 - 5 - 2022
    5 - 5 - 2022
  • Zurich
    1 - 5 - 2022
    5 - 5 - 2022
  • London
    15 - 5 - 2022
    19 - 5 - 2022
  • Madrid
    15 - 5 - 2022
    19 - 5 - 2022
  • Berlin
    15 - 5 - 2022
    19 - 5 - 2022
  • Dubai
    22 - 5 - 2022
    26 - 5 - 2022
  • Paris
    22 - 5 - 2022
    26 - 5 - 2022
  • London
    1 - 5 - 2022
    5 - 5 - 2022
  • Madrid
    1 - 5 - 2022
    5 - 5 - 2022
  • Berlin
    1 - 5 - 2022
    5 - 5 - 2022
  • Kuala Lumpur
    12 - 6 - 2022
    16 - 6 - 2022
  • Rome
    12 - 6 - 2022
    16 - 6 - 2022
  • Barcelona
    12 - 6 - 2022
    16 - 6 - 2022
  • Zurich
    12 - 6 - 2022
    16 - 6 - 2022
  • London
    19 - 6 - 2022
    23 - 6 - 2022
  • Madrid
    19 - 6 - 2022
    23 - 6 - 2022
  • Berlin
    19 - 6 - 2022
    23 - 6 - 2022
  • Istanbul
    26 - 6 - 2022
    30 - 6 - 2022
  • Dubai
    5 - 6 - 2022
    9 - 6 - 2022
  • Paris
    5 - 6 - 2022
    9 - 6 - 2022
  • London
    5 - 6 - 2022
    9 - 6 - 2022
  • Madrid
    5 - 6 - 2022
    9 - 6 - 2022
  • Berlin
    5 - 6 - 2022
    9 - 6 - 2022
  • Kuala Lumpur
    3 - 7 - 2022
    7 - 7 - 2022
  • Rome
    3 - 7 - 2022
    7 - 7 - 2022
  • Barcelona
    3 - 7 - 2022
    7 - 7 - 2022
  • Zurich
    3 - 7 - 2022
    7 - 7 - 2022
  • Kuala Lumpur
    10 - 7 - 2022
    14 - 7 - 2022
  • Rome
    10 - 7 - 2022
    14 - 7 - 2022
  • Barcelona
    10 - 7 - 2022
    14 - 7 - 2022
  • Zurich
    10 - 7 - 2022
    14 - 7 - 2022
  • Kuala Lumpur
    17 - 7 - 2022
    21 - 7 - 2022
  • Rome
    17 - 7 - 2022
    21 - 7 - 2022
  • Barcelona
    17 - 7 - 2022
    21 - 7 - 2022
  • Zurich
    17 - 7 - 2022
    21 - 7 - 2022
  • Dubai
    24 - 7 - 2022
    28 - 7 - 2022
  • Paris
    24 - 7 - 2022
    28 - 7 - 2022
  • London
    10 - 7 - 2022
    14 - 7 - 2022
  • Madrid
    10 - 7 - 2022
    14 - 7 - 2022
  • Berlin
    10 - 7 - 2022
    14 - 7 - 2022
  • London
    17 - 7 - 2022
    21 - 7 - 2022
  • Madrid
    17 - 7 - 2022
    21 - 7 - 2022
  • Berlin
    17 - 7 - 2022
    21 - 7 - 2022
  • Kuala Lumpur
    7 - 8 - 2022
    11 - 8 - 2022
  • Rome
    7 - 8 - 2022
    11 - 8 - 2022
  • Barcelona
    7 - 8 - 2022
    11 - 8 - 2022
  • Zurich
    7 - 8 - 2022
    11 - 8 - 2022
  • London
    14 - 8 - 2022
    18 - 8 - 2022
  • Madrid
    14 - 8 - 2022
    18 - 8 - 2022
  • Berlin
    14 - 8 - 2022
    18 - 8 - 2022
  • Istanbul
    21 - 8 - 2022
    25 - 8 - 2022
  • Dubai
    28 - 8 - 2022
    1 - 9 - 2022
  • Paris
    28 - 8 - 2022
    1 - 9 - 2022
  • London
    28 - 8 - 2022
    1 - 9 - 2022
  • Madrid
    28 - 8 - 2022
    1 - 9 - 2022
  • Berlin
    28 - 8 - 2022
    1 - 9 - 2022
  • Kuala Lumpur
    25 - 9 - 2022
    29 - 9 - 2022
  • Rome
    25 - 9 - 2022
    29 - 9 - 2022
  • Barcelona
    25 - 9 - 2022
    29 - 9 - 2022
  • Zurich
    25 - 9 - 2022
    29 - 9 - 2022
  • Kuala Lumpur
    4 - 9 - 2022
    8 - 9 - 2022
  • Rome
    4 - 9 - 2022
    8 - 9 - 2022
  • Barcelona
    4 - 9 - 2022
    8 - 9 - 2022
  • Zurich
    4 - 9 - 2022
    8 - 9 - 2022
  • London
    11 - 9 - 2022
    15 - 9 - 2022
  • Madrid
    11 - 9 - 2022
    15 - 9 - 2022
  • Berlin
    11 - 9 - 2022
    15 - 9 - 2022
  • Dubai
    18 - 9 - 2022
    22 - 9 - 2022
  • Paris
    18 - 9 - 2022
    22 - 9 - 2022
  • London
    4 - 9 - 2022
    8 - 9 - 2022
  • Madrid
    4 - 9 - 2022
    8 - 9 - 2022
  • Berlin
    4 - 9 - 2022
    8 - 9 - 2022
  • Istanbul
    2 - 10 - 2022
    6 - 10 - 2022

Introduction

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

During this comprehensive programme participants will obtain an understanding of the following bodies of knowledge:

  • The basic concepts of accounting and financial reporting disclosures and varying reconciling and non-reconciling differences between GAAP and IFRS
  • The scope, structure, contents and components of IFRS compliant financial statements, including underlying assumptions and related footnotes disclosures
  • Measurement and recognition of the various elements of international accounting principles and standards, including transition concerns
  • Revenue recognition and financial reporting requirements

Objectives

As a result of completing this programme, all participants will improve their knowledge, understanding and analytical skills in terms of IFRS in terms of the following benefits:

  • 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

Contents

Day One

Evolution of International Accounting Standards

  • International Financial Reporting Standards (‘IFRS”)
    • Introduction, History and Overview of Existing and Future Standards
    • Roles of the Various Accounting Standards Setting Bodies
    • Objectives and Structure of the International Accounting Standards Board (“IASB”)
  • Framework, Demand and Adoption of IFRS
  • Convergence
    • Introduction and Historical Overview
    • Issues, Benefits and Problems of Convergence
    • IASB/FASB Projects
    • U.S. SEC Adoption Timeline and Activities

Day Two

Structural Framework for the Preparation and Presentation of Financial Statements

  • Purpose and Objectives, including Financial Statement Audit Impact
  • Scope, Structure and Content of IFRS Financial Statements
  • Accounting Policies and Underlying Assumptions
  • Components of Financial Statements, including Qualitative Characteristics
  • Measurement and Recognition of the Elements of Financial Statements
  • Transition Concerns and Transition Plan Elements

Day Three

Preparation and Presentation of IFRS Financial Statements

  • Structure and Content of Both General and Specific Elements of  Financial Statements
    • IAS 1
    • Balance Sheet
    • Income Statement
    • Presenting Either a Statement of Changes In Equity or a Statement of Recognized Income or Expense (“SORIE”)
    • Statement of Cash Flow
    • Consolidation Criteria and Requirements
  • Notes to Financial Statements and Related Disclosures
  • Revenue Recognition and Reporting Requirements

Day Four

Conversion Preparation to IFRS

  • Examining Substantive Differences in Disparate Accounting Treatments
    • Inventory
    • Fixed Assets
    • Valuation
    • Revaluation
    • Depreciation
    • Deferred Taxes
    • Contingencies
  • Performing Thorough Assessments
    • Technical Accounting and Tax Implications and Risks
    • Supporting Established Processes and Infrastructure Considerations
    • Adopting Implementation Plans
  • Conversion Issues and Concerns
    • Technical Accounting and Tax Conversion Issues
    • Designing Supporting Processes and Infrastructure Features
    • Developing Revised Organization Plans and Change Strategies
  • Conversion Maintenance
    • Implementing  Support Processes and Infrastructure Features
    • Change Management Execution Strategies
    • Conversion Transfers
    • Comparative Analysis of Companies Adopting or Not Adopting IFRS

Day Five

Impact of IFRS on Financial Statement Interpretations

  • International Accounting and Diversity Considerations
  • Financial Analysis Tools and Techniques
    • Common Size Statements
    • Trend Analysis
    • Ratio Analysis
    • Dupont Analysis
    • Z Scores
    • Investment Ratios
    • Cash Flow Ratios
    • Peer Group and Industry Comparisons
  • Importance of Corporate Governance and Awareness of IFRS Best Practices
  • Future IFRS Considerations

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