CERTIFIED FINANCIAL REPORTING IFRS

NAME OF THE COURSE
FINANCIAL REPORTING IFRS PROFESSIONAL
 
CERTIFICATION
CERTIFIED FINANCIAL REPORTING IFRS 
 
COURSE OVERVIEW
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.
 
TRAINING DURATION
Total Training Hours: 22 Hours
Training Duration: 1 Week
Total Training Days: 4-5 Working Days
 
TRAINING SCHEDULE
Weekdays (Sunday to Thursday)
Regular Sessions : 4 – 6 Hrs Per day (9 am to 2 pm or 3.00pm to 9.00 pm)
Food & refreshments Included
Weekends (Friday & Saturday)
Fast Track Sessions: 8 Hours per day (9 am to 5 pm)
Food & refreshments Included
 
CERTIFICATION
Globally recognized certificate from “Kings Global Career Academy”
 
TEST
No
 
LEARNING AIDS
Yes
 
COURSE MATERIAL
Hard & Soft Copies of Study Material
 
LANGUAGE OF INSTRUCTION
English
 
INSTRUCTOR HELPLINE
Yes
1. Email
2. Social Media (For Emergency requirements)
 
REGISTRATION REQUIREMENTS
1. Passport Copy
2. Curriculum Vitae
3. Passport size photographs
4. Course Fee
 
MODE OF PAYMENT
Cash / Cheque / Credit Card / Bank Transfer.
 
ELIGIBILITY
Directors, senior managers, heads of departments, credit managers, sales and marketing professionals, HR professionals, legal professionals, bankers, entrepreneurs, investors, supervisory and regulatory officers, operations managers` and executives who need to use financial statements for better decision making and to read in-between the lines for greater insights to accounting numbers.
 
COURSE BENEFITS
  • 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
 
COURSE OUTLINE
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
  • Framework, Demand and Adoption of IFRS
  • Convergence
  • Introduction and Historical Overview
  • Issues, Benefits and Problems of Convergence
  • IASB/FASB Projects
  • S. SEC Adoption Timeline and Activities
 
 Day Two
 
Contract Profitability – Pricing
 
  • Pricing strategy and tactics
  • Profit planning
  • Cost estimating
  • Cost-based pricing
  • Market-based pricing
  • Value-based pricing
  • Profit objective
  • Market structure
  • Follow-on business
  • Risk
  • Z score
  • Market structure
  • Follow-on business
  • Risk
  • Z score
 
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
REGISTER