International Financial Reporting Standards (IFRS) and 2015 Updates

Program Objectives:

By the end of the program, participants will be able to:

• List the accounting standards and explain their impact on their organizations.
• Implement the most recent updates of the International Financial Reporting Standards (IFRS) in their organizations.
• Properly account for transactions affecting assets, liabilities and owners’ equity according to IFRS.
• Prepare financial statements with related notes and disclosures in compliance with IFRS.
• Interpret the different accounts on the financial statements and reports.

Who should attend:

• Professionals in the fields of finance and accounting, and professionals seeking to enhance international accounting knowledge, from companies implementing IFRS as the standard of reporting

Course Outline: 

• Introduction to IFRS
• Statement of Financial Position
• Statement of Comprehensive Income
• Statement of Changes in Equity and Statement of Cash Flows
• Accountinf for Assets
• Liabilities and Stockholders' Equity
• Revenue Recognition