Monday 1 Nov 2021
- Duration: One Week
- City: Madrid
- Fees: Classroom: 4250 GBP / Online: 1925 GBP
Monday 1 Nov 2021
The convergence, globally, of International Financial Reporting Standards (IFRS) is gaining pace at a rapid rate, for the preparation of financial statements. This includes bot large corporates and medium-sized companies. Each year more and more countries are implementing IFRS.
As a result of this acceptance of IFRS, more financial professionals are required to have a working knowledge of not only the fundamentals but also the detailed workings. Further, the IFRS landscape is constantly changing and professionals are required to keep up to date.
This 5-day program will deliver an update to date IFRS reporting requirements covering the standards in a practical, technical and commercial basis, with the inclusion of real-life company challenges and use will be made of excel models to demonstrate many of the commercial concepts (these models will be provided as a take-away for participants).
This course is designed to develop knowledge and skills in understanding and applying accounting standards and the theoretical framework in the preparation of financial statements of entities, including groups and how to analyse and interpret those financial statements. We will take a look at some of the more complex International Accounting Standards (IAS) as well as the International Financial Reporting Standards (IFRS). Once you have completed this course you will have a broader and in depth understanding of accounting and Financial Reporting to better prepare yourself for whatever challenges you may face within the world of finance
This program answers questions such as:
Who should attend?
Introduction to IFRSs
Content of IFRS Financial Statements
Income Taxes: Income taxes (IAS 12)
Revenue: Revenue from Contracts with Customers (IFRS 15)
Foreign Currency Issues: The effects of changes in foreign exchange rates (IAS 21)
Business Combinations, Consolidations, Associates & Joint Arrangements
Transitioning to IFRSs : First-time adoption of IFRSs (IFRS 1)
Expected Future Developments: ASB Work Plan