International Financial Reporting Standards (IFRS): Applying Global Reporting Standards in Practice
Course Overview
With over 100 countries adopting or permitting the use of International Financial Reporting Standards (IFRS), global organizations are moving rapidly toward a unified financial reporting framework. This program provides a **comprehensive, practical, and strategic understanding of IFRS** — from conceptual foundations to application, convergence with GAAP, and the latest updates from the IASB.
Participants will explore IFRS-compliant financial statement preparation, fair value measurement, revenue recognition, and transition strategies. The program also emphasizes analytical interpretation and practical implications for financial leaders.
Program Objectives
By the end of this program, participants will be able to:
* Interpret and apply IFRS standards in preparing compliant financial statements.
* Analyze the convergence process between IFRS and GAAP and its impact on global reporting.
* Identify and apply recognition and measurement principles in accordance with the IASB Framework.
* Plan and execute the transition to IFRS, including exemptions and exceptions for first-time adoption.
* Evaluate fair value measurement and reporting standards under IFRS.
* Enhance financial statement analysis and interpretation in the context of IFRS adoption.
Key Learning Areas
Day 1 – Evolution of International Accounting Standards
* Introduction to IFRS and the IASB Framework
* Roles of global accounting standard-setting bodies
* Overview of IFRS adoption and implementation across countries
* Convergence between IFRS and GAAP: objectives, benefits, and challenges
* The SEC roadmap and IASB/FASB joint projects
Day 2 – Framework and Structure of IFRS Financial Statements
* Scope, structure, and content of IFRS financial statements
* Objectives and purpose of financial statements under IFRS
* Accounting policies, underlying assumptions, and qualitative characteristics
* Recognition and measurement of key financial statement elements
* Transition planning and addressing implementation concerns
Day 3 – Preparation and Presentation of IFRS Financial Statements
* IAS 1 presentation requirements
* Preparing the balance sheet, income statement, and statement of cash flows
* Equity statement and statement of recognized income and expense (SORIE)
* Consolidation and group reporting criteria
* Disclosure notes and revenue recognition principles under IFRS
Day 4 – Transitioning and Converting to IFRS
* Key differences between IFRS and GAAP treatments (inventory, fixed assets, taxes, contingencies)
* Technical accounting and tax implications of conversion
* Designing support processes and systems for IFRS implementation
* Managing organizational change and staff training
* Comparative studies: impact on financial results of IFRS adoption
Day 5 – Interpretation and Strategic Impact of IFRS
* Financial statement interpretation under IFRS
* Financial analysis tools: common size, trend, ratio, and cash flow analysis
* DuPont and Z-score analysis for evaluating performance
* Corporate governance implications of IFRS compliance
* Future IFRS updates and evolving best practices
Training Methodology
* Case-based discussions using real IFRS-compliant statements
* Group exercises on transition planning and fair value measurement
* IFRS-to-GAAP reconciliation simulations
* Interactive workshops for revenue recognition and disclosures
Who Should Attend
* Chief Financial Officers (CFOs), Finance Directors, and Controllers
* Financial and Management Accountants
* Auditors and Compliance Officers
* Financial Analysts and Reporting Managers
* Professionals responsible for financial statement preparation and policy implementation
Certification
Participants will receive the **KE Leaders Certificate in International Financial Reporting Standards (IFRS)** — demonstrating advanced knowledge and application of global financial reporting practices.
Enquiries and Registration
Enquiry at : admin@keleaders.com
Whatsapp: 0044 790 125 9494
For more details visit our website : www.keleaders.com
