The International Financial Reporting Standards (IFRS) are a set of globally recognised accounting principles and guidelines developed by the International Accounting Standards Board (IASB). They aim to create a standardised framework for financial reporting, fostering consistency and comparability across international markets.
Unlike country-specific accounting standards, IFRS provides a common language for businesses, investors, and regulators worldwide. Adopting IFRS is crucial for businesses operating in a globalised economy, as it facilitates transparent and accurate financial reporting.
Adhering to IFRS enhances companies' credibility, streamlines cross-border transactions, and attracts international investment. The standards promote financial transparency, helping stakeholders make informed decisions and fostering trust in financial markets.
As businesses increasingly engage in global activities, the adoption of IFRS becomes essential for navigating complex financial landscapes and ensuring alignment with international best practices.
Upon completion of this course, participants will be able to:
This course is designed for anyone responsible for reporting financial information to enable strategic decision-making or using financial information to secure projects or contracts. It would be most beneficial for:
This course uses a variety of adult learning styles to aid full understanding and comprehension. Participants will review real-world case studies on how the IFRS has affected large companies and learn about the pros and cons of making a transition to this methodology.
They will be shown various reporting systems and metrics of measurement in order to make secure financial decisions and discuss report writing in order to incorporate the IFRS into current strategic development across various industries.
Section 1: Accounting Policies and IFRS Financial Statements
Section 2: Assets and Inventory Management
Section 3: Liabilities, Leases & Employee Benefits
Section 4: Financial Structures & Income Taxes
Section 5: Revenue & Foreign Currency Challenges
Section 6: Consolidations & Combinations
Section 7: The Future of IFRS & How to Transition
Upon successful completion of this training course, delegates will be awarded a Holistique Training Certificate of Completion. For those who attend and complete the online training course, a Holistique Training e-Certificate will be provided.
Holistique Training Certificates are accredited by the British Accreditation Council (BAC) and The CPD Certification Service (CPD), and are certified under ISO 9001, ISO 21001, and ISO 29993 standards.
CPD credits for this course are granted by our Certificates and will be reflected on the Holistique Training Certificate of Completion. In accordance with the standards of The CPD Certification Service, one CPD credit is awarded per hour of course attendance. A maximum of 50 CPD credits can be claimed for any single course we currently offer.