IFRS Immersion Workshop

Understand the detailed requirements of IFRSPresented by two highly experienced IFRS instructors, this comprehensive workshop helps participants to understand and apply the detailed recognition and measurement requirements of IFRS and to prepare IFRS compliant financial statements. The interactive workshop explains the principles clearly and simply and includes real-world examples and illustrative case studies to highlight the key points. Plenty of opportunity is given for participants to have their specific questions answered. The requirements for first-time adoption of IFRS are fully explained and the practicalities of implementing IFRS are also discussed. The program includes all of the latest pronouncements and participants are brought fully up-to-date on all topics.

How You Will Benefit

• Confidently prepare IFRS financial statements
• Comply with IFRS disclosure requirements, including accounting policies
• Understand and be able to apply the requirements for recognition and measurement of assets, liabilities, revenues, expenses, gains and losses
• Identify the optional and mandatory requirements for first-time adoption of IFRSs
• Appreciate the potential impact of future IFRS changes, including prospects for convergence with major national accounting standards

What You Will Cover

• Introduction to IFRS and their application around the world
• The presentation requirements of IFRS financial statements and related disclosures
• Recognition and measurement requirements for assets and liabilities
• Recognition, measurement and disclosures requirements for financial instruments
• Revenue recognition
• Accounting for business combinations, associates and joint ventures
• The transition to IFRS
• Expected future developments and convergence plans with other national GAAP

Who Should Attend