IFRS Basics

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IFRS Basics

American Management Association
Logo American Management Association

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Description

An introduction to IFRSThis two-day workshop provides an overview of the requirements of the most significant IFRS. The workshop is presented by experienced instructors who will explain not only the main issues in an easily understandable way, but also will provide participants with help on the practicalities of implementation. Extensive use is made of case studies and examples to help illustrate the key points.

How You Will Benefit

  • Understand the recognition and measurement requirements of each standard
  • Apply the standards to be able to prepare IFRS compliant financial statements
  • Appreciate the most significant disclosure requirements
  • Understand the accounting policy choices that are avail…

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Didn't find what you were looking for? See also: IFRS, Effective meeting skills, Business Analysis, Six Sigma, and Lean.

An introduction to IFRSThis two-day workshop provides an overview of the requirements of the most significant IFRS. The workshop is presented by experienced instructors who will explain not only the main issues in an easily understandable way, but also will provide participants with help on the practicalities of implementation. Extensive use is made of case studies and examples to help illustrate the key points.

How You Will Benefit

  • Understand the recognition and measurement requirements of each standard
  • Apply the standards to be able to prepare IFRS compliant financial statements
  • Appreciate the most significant disclosure requirements
  • Understand the accounting policy choices that are available within IFRS
  • Identify the main issues involved in making the transition to IFRS

What You Will Cover

  • Background to the International Accounting Standards Board (IASB)—structure and work program
  • Content and presentation of IFRS financial statements
  • Recognition, measurement and disclosure requirements for major categories of assets and liabilities
  • Revenue recognition
  • Accounting for business combinations
  • First-time Adoption of IFRSs (IFRS 1)

Who Should Attend

Anyone who has little or no knowledge of IFRS and wants to understand the most important technical requirements of IFRS.
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