Program Brief

Accounting is the language of business, and it is an information system that provides a wide range of stakeholders with the financial information they need to make rational decisions in finance and investment. The accuracy of this information is important to users, so the International Accounting Standards Board IASB issued international accounting standards and international financial reporting standards to ensure the quality of this information. This course includes an explanation of the most important international accounting standards related to the preparation and presentation of financial statements and its included items matching with the IAS and IFRS requirements and meets the users’ needs

Program Goals

At the end of the training program, the participant should be able to:

  • Understanding International Financial Reporting Standards IFRS and its objectives.
  • Understanding the importance of applying IFRS to enhance the quality and transparency of financial information.
  • Understanding the importance of IFRS to enhance the world trading.
  • Preparation and presentation of Financial Statements according to IFRS & IAS requirements.
  • Acquiring the skills necessary for the accounting treatment of assets, liabilities, revenues and expenses in terms of their measurement, valuation and presentation in the financial statements according to IAS & IFRS.
Program Agenda
Module 1: Introduction in IAS
  • 1 The concept of accounting standards and their objectives

    • 2 Historical development of international accounting standards

      • 3 The role of accounting standards in revitalizing international trade

        • 4 Shifting from IAS to IFRS

          • 5 Motives for shifting from national SOCPA standards to international standards

            Module 2: Standards Related to Preparation and Presentation of Financial Statements
            • 1 International Financial Reporting Standard IFRS (1), First adoption of International Financial Reporting Standards

              • 2 International Accounting Standard IAS (1) for the presentation of financial statements

                Continue to Module 2: Standards Related to Preparation and Presentation of Financial Statements
                • 1 International Accounting Standard IAS (7) Statement of Cash Flows

                  • 2 International Accounting Standard IAS (34) Interim Financial Reporting

                    Module 3: Standard Related to Business Combination
                    • 1 IFRS (3) Business combinations

                      • 2 IAS (27) Separate Financial Statements

                        • 3 International Financial Reporting Standard IFRS (10) Preparation of Consolidated Financial Statements

                          • 4 International Accounting Standard IAS (21) Effects of changes in foreign exchange rates

                            Module 4: Standard Related to Financial Investments
                            • 1 IFRS (9) Financial Instruments, Classification and Measurement

                              • 2 IAS (28) Investments in Associates

                                • 3 IFRS (11) Common Arrangements

                                  Module 5: Standard Related to Non-Current Assets
                                  • 1 International Accounting Standard IAS (16) property, plant and equipment

                                    • 2 IFRS (16) Lease

                                      Continue to Module 5: Standard Related to Non-Current Assets
                                      • 1 IFRS (5) Non-current assets held for sale and discontinued operations

                                        • 2 International Accounting Standard IAS (38) Intangible Assets

                                          • 3 International Accounting Standard IAS (40) Investment property

                                            Module 6: Standards Related to Disclosure and Fair Value Measurement
                                            • 1 IFRS (13) Fair Value Measurement

                                              • 2 IFRS (12) Disclosure of Rights in Other Institutions

                                                • 3 IFRS (7) Financial Instruments: Disclosures

                                                  Module 7: General Standards
                                                  • 1 IFRS (15) Contract Revenue

                                                    • 2 IAS (2) Inventory

                                                      Program Requirements

                                                      Not Available

                                                      Program Path

                                                      Names of the training programs that are integrated (enriched) with the training program:

                                                      • Not Available

                                                      Names of the training programs that after the training program:

                                                      • Not Available
                                                      Program Method
                                                      • Lecture
                                                      • Brainstroming
                                                      • Practical Implementation
                                                      • Dialogue Teams
                                                      Evaluation Method
                                                      • Pre Exam
                                                      • Post Exam
                                                      Training Type
                                                      • Online Training
                                                      Partners

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