International Financial Reporting Standards (IFRS)

INTRODUCTION

This International Financial Reporting Standards (IFRS) training course provided delegates with a detailed understanding of International Financial Reporting Standards (IFRS). Delegates will not only improve their knowledge and understanding but also their accounting skills gaining an ability to account for transactions and prepare financial statements in accordance with the IFRS, thereby ensuring legal compliance and improved corporate governance.

The training course will also present an overview of the IFRS most relevant to your organisation, adapting to the needs identified. As a result, delegates will be able to transfer knowledge and skills for the benefit of their organisation.

This GLOMACS training course will highlight:

• The role & scope of IFRS
• The case for IFRS and latest developments
• The major accounting concepts & policies
• The requirements of the most important IFRS relevant to your organization
• The preparation & presentation of financial statements in accordance with IFRS

Objectives

At the end of this training course, you will learn to:

• Follow accounting concepts & policies
• Prepare income statements & statements of financial position in accordance with IFRS
• Prepare & evaluate the cash flow statement
• Account for assets in accordance with IFRS
• Account for strategic alliances & business combinations in accordance with IFRS

Training Methodology

Participants to this International Financial Reporting Standards (IFRS) training course will receive a thorough training on the subjects covered by the training course outline with the Tutor utilising a variety of proven adult learning teaching and facilitation techniques. Training course methodology includes case studies relevant to your organisation, discussion, group work and interactive exercises and videos. These are designed to ensure delegates leave with transferable skills as well as up-to-date knowledge of international policies and procedures.

Organisational Impact

The organisation will gain from:

• Practical application of IFRS
• Ensuring legal compliance in line with the latest requirements
• Understanding the major accounting issues facing the sector
• Applying IFRS specific to their organisational needs
• Aiding corporate governance thereby reducing risk
• Contributing to financial decision making more effectively

Personal Impact

The training course will provide the following to the delegates:

• Skills and knowledge to further your professional career
• The latest tools and techniques to assist you in your role
• An ability to make more informed decisions aimed at reducing risk
• Increased skills and improved decision making to increase your importance to your organization
• An ability to liaise effectively with other departments and colleagues regarding current practices and issues affecting oil & gas industry
• A greater understanding or your role and the major issues affecting it

WHO SHOULD ATTEND?

This GLOMACS training course is suitable to a wide range of professionals but will greatly benefit: 

• Corporate Accountants, Financial Controllers, Treasury Officers, Management Accountants
• Finance Staff in General Accounting, Payables, Receivables, Inventory, Fixed Assets, etc.
• External, Financial and Internal Auditors
• Government Regulators
• Financial and Investment Analysts