IFRS

Programme Schedule

Programme Overview

This three day workshop provides a detailed review of all significant technical requirements related to International Financial Reporting Standards (IFRSs). It includes coverage of IFRSs, hands-on case studies, examples, exercises, and benefits from the interactive participation of the attendees. Designed as an extended version of IFRS Fundamentals – Comprehensive Workshop (3-day course), the Immersion Course helps participants to acquire the tools necessary to understand and apply IFRSs and prepare IFRS-compliant financial statements. The program includes the latest pronouncements, and participants are brought up-to-date on all topics. In addition, participants are provided with information to assist them in researching accounting issues and monitoring future changes.

What Can You Expect?

  • Learn how to prepare IFRS financial statements, including statements of financial position, statements of comprehensive income, statements of cash flows and statements of changes in equity
  • Compute basic and diluted earnings per share
  • Differentiate between changes in estimates and changes in acco unting policies
  • Comply with IFRS disclosure requirements, including accounting policies
  • Identify the optional and mandatory requirements for first-time adoption of IFRSs
  • Greater understanding of optional treatments in IFRS 1 and application
  • Recognition and measurement of assets, liabilities, revenues, expenses, gains and losses
  • Calculate asset impairment using the ‘cash-generating units’ approach in accordance with IAS 36
  • Differentiate between finance and operating leases
  • Explain likely future IFRS changes, including prospects for convergence with national accounting standards

Who Should Attend

  • Chief Accountants
  • Group Finance Directors
  • Heads of Finance
  • Finance Managers
  • Financial Controllers
  • CFOs, Finance Directors
  • Management Accountants
  • CA, CS, CMA, CPA, CW
  • Heads of  Accounting and Administration
  • Finance and Information Systems Managers
  • Financial Analysts
  • Auditors
  • Portfolio Managers
  • Tax Professionals
  • Treasurers
  • Professors – Accounting and Finance
  • Finance Professionals of small, medium and large sized companies

Learnerships

  • Live group instruction in a workshop format, cases, examples, group work, open discussions
  • Review of the rationale and objective for IASB standards
  • Description and explanation of IFRS technical requirements in clear and simple language
  • Use of case studies, exercises, interpretations, and real-world financial statements to illustrate practical application of the standards
  • Question and answer session
  • All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials

Certification

All participants shall be awarded a personalised Regenesys certificate of participation.