IFRS Fundamentals

Understand the key requirements of the major IFRS This workshop provides a rigorous overview of the key IFRS presentation, recognition and measurement requirements. This interactive workshop focuses on the most significant IFRS that companies apply when producing general purpose IFRS compliant financial statements. To help participants understand the key principles, the workshop makes extensive use of financial statements, case studies and worked examples. The detailed requirements for transition to IFRS will be covered, together with an overview of the practical issues that will need to be addressed. Participants will also be brought up-to-date with recent and likely future developments.

How You Will Benefit

• Understand the detailed requirements for presenting IFRS compliant financial statements
• Understand and be able to apply the key recognition and measurement requirements
• Comply with the disclosure requirements of key IFRS
• Understand the process and pitfalls when transitioning to IFRS
• Appreciate the potential impact of recent and expected changes to IFRS

What You Will Cover

• IASB’s Conceptual Framework
• The presentation requirements of IFRS financial statements and related disclosures
• Revenue recognition
• Recognition and measurement requirements for assets and liabilities
• Accounting for business combinations, associates and joint ventures
• Interim reporting
• Transitioning to IFRS
• Expected future developments

Who Should Attend