Outlines

Day One:

 

1-    Framework for the preparation and presentation of Financial Statements:

 

• Objectives of Financial Statements.
• Qualitative characteristics'.
• Accounting Treatment.
• Presentation and Disclosure.
• Case study.

 

2-    First Time Adoption of IFRS:

 

• Key Concepts (Reporting Date, Transition Date).
• Opening Balance Sheet.
• Assets.
• Business Combinations.
• Presentation and Disclosure.
• Case study

 

Day Two:

 

Presentation of Financial Management IAS 1:

                        

• Key concepts( Fair Presentation)
• Types of financial Statements.
• Financial Analysis and Interpretation.
• Case Study

 

Day Three:

 

1-    Cash flow Statement IAS 7

 

• Key Concepts (Cash, Cash flows Cash Equivalents).
• Accounting Treatment (Direct Method, Indirect Activities).
• Operating Activities
• Investment Activities.
• Financing Activities.
• Financial Analysis and interpretation.
• Case Study.

 

2-    Accounting policies, change in Accounting Estimates and Error IAS  8:

 

• Key concepts (Accounting Policies, Change in Accounting Estimates, Prior Period errors).
• Presentation and Disclosure (Voluntary Change, impending Change, Change in Accounting Estimates).
• Financial Analysis and interpretation.
• Case Study.

 

Day Four: 

 

Revenue IAS 18:

 

• Key concepts (Revenue, fair Value, effective yield).
• Accounting Treatment ( Measuring Fair value, Sale of good, Services , interest Income, dividends, Uncertainty)
• Case Study.

 

Day Five:

 

Property, Plant and Equipment IAS 16:

         

• Key concepts (Cost, fair value, depreciation, Residual value, Useful life).
• Measuring of Qualifying Assets.
• Cost Models.
• Capitalizing Vs Expensing Cost.
• Case Study.

Who Should Attend

Accounting department staff (minimum 7 years experience).

Duration

5 Days