Financial Analysis and Reporting using IFRS

More than 100 countries around the world have now adopted (or are currently adapting to) IFRS. Even if it is not legally binding to do so, some companies in the country have decided to follow IFRS principles as part of their best practice procedures. The correct adoption of IFRS promise organizations many benefits including enhanced investor confidence, greater consistency and transparency of financial reporting as well as the ability to compare financial information from companies around the world. The objective is to develop a single set of high quality, understandable and enforceable global accounting standards.

Content

First Time Adoption of IFRS

• Objective and Scope
• Exemptions and Exceptions
• Presentation and Disclosure

Financial Statement Presentation (IFRS 2)

• Components of Financial Statement
• Income Statement Presentation
• Balance Sheet Classification Issues
• Statement of Changes in Equity
• Cash Flow Statements

Measuring Financial Performance (IFRS 5)

• Accounting Policies, Accounting Estimates and Errors
• Earnings per Share
• Related Party Transactions
• Share Based Payments

Segmental Reporting (IAS 14)

• Identifying Reportable Segments
• Business and Geographical Segments
• Presentation of Segmented Data

Revenue Recognition (IAS 11 & 18)

• Recognition Issues and the Concept of Substance over Form
• Measurement of Revenue
• Construction Contracts

Tangible Assets (IAS 2, 16, 23 and 36)

• Inventory Methods
• Lowering of Cost and Net Realizable Value
• Manufacturing Inventories
• Accounting for Property, Plant and Equipment including Revaluations
• Depreciation
• Borrowing Costs

For Whom: Chief Accountants, Heads of Finances, Finance Managers, Directors, Financial Controllers, Accountants, Management Accountants, Financial Analysts, Auditors, Portfolio Managers, Finance and Information Systems Managers and others who seeking to enhance international accounting knowledge from companies implementing IFRS as the standard of reporting.

Course Booking

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