Who is it for?

Accountants and finance managers responsible for day-to-day bookkeeping and preparation of financial statements. Finance Directors responsible for preparation of notes to the financial statements and other disclosures in the financial statements.

What's in it for me and my business?

Gaining new and updating existing knowledge on IAS/IFRS.

What will I be able to do after I receive training?

You will:

• Be able to identify whether particular standards apply to your company situation
• Be able to apply accounting principles from the standard to the a particular event/transaction
• Be able to prepare notes disclosure for specific standards and relevant to the company circumstances

What will I do and experience during the training?

You will:

• Obtain key theoretical knowledge of each standard
• Practice application of this knowledge on real life examples
• Understand the key disclosure requirements and how to apply this knowledge in practice through real life examples

Duration

The course lasts from 3 to 10 days depending on which standards are selected for the training. Normally, in one working day (8 hours) a maximum of four standards can be covered. However, this all depends on which standards are chosen.

Standards covered by training are:

• IAS 1 Financial Statement Presentation
• IAS 2 Inventory
• IAS 7 Cash flows
• IAS 8 Accounting policies, Changes in Accounting estimates and Errors
• IAS 10 Events after balance sheet
• IAS 11 Construction contracts
• IAS 12 Income taxes
• IAS 16 Property plant and equipment
• IAS 18 Revenue recognition
• IAS 19 Employee benefits
• IAS 21 The effects of Changes in Foreign Exchange Rates
• IFRS 2 Share based payments
• IFRS 3 Business Combinations
• IFRS 7 Financial Instruments: Disclosures