The International Financial Reporting Standards (IFRS) represent a set of globally recognised accounting principles and guidelines developed by the International Accounting Standards Board (IASB). IFRS aims 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.
By adhering to IFRS, companies enhance their credibility, streamline cross-border transactions, and attract 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 to navigate complex financial landscapes and ensure alignment with international best practices.
During this course, you’ll learn:
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