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Certificated
UK EU MENA WAT Time Zone
CPEs: 40
Instructor: Derek Carmichael
Level: Introductory / Refresher
Tuition: £3,495.00
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NEW International Financial Accounting Standards (IFRS) AC018

Location: UK EU MENA WAT Time Zone

First Date: Aug 29 - Sep 2 2022

Duration: 5 days including 1/2 day mock exam

Programme Director: Derek Carmichael

All Dates & Locations
Venue Details

Experience the highly-interactive expert-led social learning through Virtual Classroom via Cisco WebEx from Risk Reward.

All our 2022 Virtual Classroom events feature shared (or discrete) live chat between delegates and the expert, participate in topical surveys, polling questions, group exercises and case studies for a tried -and- true engaging and gratifying learning experience.

Need to bring this course in-house or face-to-face? Simply contact us for significant cost savings and adtes best suited to meet your professional development and business goals.

"'Excellent IFRS update - please tell Derek.'"
Finance manager, Saudi industrial
Agenda Highlights

Session 1:  Introduction

Session 2:  Tangible and Intangible Assets

Session 3:   Financial Instruments

Session 4:  Leases

Session 5:  Business Combinations and Groups

Session 6:  Other Balance Sheet

Session 7:  Revenue

Session 8:  Tax

Session 9:  Other Accounting Topics

Session 10:  Disclosures

""Best course yet!""
Accounting Manager, Saudi Industrial
Overview

International Financial Reporting Standards (IFRS Standards) continue to be adopted by an increasing number of jurisdictions and organisations around the world. This presents both challenges and opportunities to those who produce and use financial statements. As IFRS Standards are adopted and evolve financial policies, processes and systems need to be reviewed and often changed.

To meet this challenge, the ICAEW has developed an IFRS Standards learning and assessment programme that will help you understand and implement IFRS Standards with confidence.

It also has the additional benefit of formally verifying your achievement through an optional online assessment.

 

""Thanks to the Instructor for keeping this course interesting and give real life examples about the financial tools we learned into practise." "
Accounting manager, Melbourne, Australia
Who Should Attend

This course is designed for

  • Accountants and finance staff
  • Analysts, investors and portfolio managers
  • Risk management, compliance and legal teams
  • Regulators and standard setters
  • Students studying for finance, accountancy and business

 

Additional Course Information

What Does It Cover?

The course takes delegates through the IFRS learning manual prepared by the ICAEW which provides an overview of all current IFRS Standards, with illustrations and examples to assist with your understanding.  Examples and case studies are included in each module of the course. 

 Introduction

 Financial reporting context

  • Conceptual framework for financial reporting
  • IAS 1 – Presentation of financial accounts

Tangible and Intangible Assets

  • IAS 16 – Property, plant and equipment
  • IAS 23 – Borrowing costs
  • IAS 40 – Investment property
  • IAS 38 – Intangible assets
  • IAS 36 – Impairment of assets
  • IFRS 6 – Exploration for and evaluation of mineral resources

Financial Instruments

  • IAS 32 and IAS 39 – Financial instruments
  • IFRS 7 and IFRS 9 – Financial instruments
  • IFRS 13 – Fair value measurement

Leases

  • IFRS 16 – Leases

Business Combinations and Groups

  • IAS 27 – Separate financial statements
  • IFRS 10 – Consolidated financial statements
  • IFRS 12 – Disclosure of interests in other entities
  • IFRS 3 – Business combinations
  • IFRS 11 – Joint arrangements
  • IAS 28 – Investments in associates and joint ventures

 Other Balance Sheet Items

  • IAS 2 – Inventories
  • IFRS 5 – Non-current assets held for sale and discontinued operations
  • IAS 37 – Provisions, contingent assets and contingent liabilities
  • IAS 41 – Agriculture

Revenue

  • IFRS 15 – Revenue

Tax

  • IAS 12 – Income taxes

 Other Accounting Topics

  • IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors
  • IAS 20 – Accounting for Government Grants
  • IAS 19 – Employee Benefits & IFRS 2 Share-based Payment
  • IAS 10 – Events after the Reporting Period
  • IAS 21 – The Effects of Changes in Foreign Exchange Rates
  • IAS 7 – Statement of Cash Flows
  • IFRS 8 – Operating Segments
  • IAS 34 – Interim Financial Reporting
  • IAS 26 – Accounting and Reporting by Retirement Benefit Plans
  • IFRS 4 – Insurance Contracts
  • IAS 29 – Financial Reporting in Hyperinflationary Economies

Disclosures

  • IAS 33 – Earnings per share
  • IAS 24 – Related party disclosures
  • IFRS1 – First time adoption of IFRSs

 

Learning Objectives

Qualified and professional Chartered or Certified Chartered Accountants and experienced trainers will use their own experience in various sectors and industries to supplement the published ICAEW IFRS study materials to prepare you for the optional on-line assessment (as managed by the ICAEW).

All delegates completing the course will receive a personalised and accredited Certificate in IFRS Standards Update.

The programme will enable you to:

  • Understand and apply the principles, concepts and practices of IFRS Standards in a commercial setting;
  • Systematically appreciate the issues arising from each of the Standards;
  • Assess the standards’ commercial impact on business;
  • Make informed business decisions;
  • Provide practical business advice; and
  • Produce and interpret financial statements and information

Your ICAEW IFRS registration, study materials and exam fees are additional to the Risk Reward training course price, as is UK 20% VAT if you are based in the UK.

Please contact ICAEW@riskrewardlimited.com for more information.

Social Learning & Methods

Highly interactive expert-led intensive presentation, Q&A, group real-time in-depth case studies, regulation and discussion supported by key principles and theory.

The virtual learning platform uses safe, industry preferred encrypted Cisco WebEx to optimize live face-to-face visual interaction, discrete chat, for polling and quizzes.

(An invitation via email with access link is included for all participants.)

Registration

NEW International Financial Accounting Standards (IFRS)

Course Fee

Discounts of 15% available by adding RISK15 voucher at time of checkout

Course Fee (per person):
GBP £3,495.00 (+ UK VAT when applicable)

Number of delegates:

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