Course Description

IFRS requirements are those established by the International Accounting Standards Board (IASB) who have developed, in the public interest a set of, high standard, understandable and enforceable global accounting standards.

By the end of this course, you will be able to:

    • Gain a comprehensive insight into key IASs
    • Understand key differences between IAS and UK GAAP
    • Address the major conversion issues such as financial statement presentations and pensions
    • Keep abreast of the key changes expected in the future

Course Objectives

IFRS requirements are those established by the International Accounting Standards Board (IASB) who have developed, in the public interest a set of, high standard, understandable and enforceable global accounting standards.

By the end of this course, you will be able to:

  • Gain a comprehensive insight into key IASs
  • Understand key differences between IAS and UK GAAP
  • Address the major conversion issues such as financial statement presentations and pensions
  • Keep abreast of the key changes expected in the future

Audience

Anyone who needs to implement and review IAS/IFRS conversions for their company, in particular: finance directors/controllers; auditors and accountants in practice.

Prerequisites

Course Content

  • IAS financial statements
  • Basic concept and presentation Framework and IAS 1
  • and first-time application of IAS; key differences to UK GAAP
  • Key Areas Regarding Disclosure under IAS
  • Segment reporting (IAS 14)
  • Related party disclosures (IAS 24)
  • Non-current assets held for sale and discontinued operations (IFRS 5)
  • Events after the balance sheet date (IAS 10)
  • Danger Areas in the Balance Sheet
  • Tangible and intangible assets and leases
  • Provisions, contingent liabilities and assets (IAS 37)
  • Business Combinations (IFRS 3)
  • Consolidation of subsidiaries (IAS 27)
  • Accounting for associates (IAS 28)
  • Interests in joint ventures (IAS 31)
  • Challenging Areas
  • Employee benefits (IAS 19)
  • Share-based payment (IFRS 2)
  • Deferred taxation (IAS 12)

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