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IFRS - International Accounting and Financial Reporting Standards
Objectives

  • Be acquainted with the International Accounting Standards and International Financial Reporting Standards.
  • Know how to implement the IAS / IFRS practically.
  • Gain deep skills and knowledge in dealing with accounting issues.

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

Start Date End Date Country City
2020-08-16 2020-08-20 Saudi Arabia Al-Dammam

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