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The 10-Day Budgeting & International Financial Reporting Standards (IFRS)
An Interactive 10-Day Training Course

The 10-Day Budgeting & International Financial Reporting Standards (IFRS)

NASBA
Scheduled Dates
Date Venue Fees
27 Jul - 07 Aug 2026 London $ 11,900
12 - 23 Oct 2026 Rome $ 11,900
21 Dec - 01 Jan 2027 Paris $ 11,900
15 - 26 Mar 2027 London $ 11,900
26 Jul - 06 Aug 2027 London $ 11,900
11 - 22 Oct 2027 Rome $ 11,900
20 - 31 Dec 2027 Paris $ 11,900

Modules

This training course is split into the following modules:

Module I - Budgeting For Performance Management

Module II - Certificate in International Financial Reporting Standards (IFRS)

Course Outline

Module I: Budgeting For Performance Management

Day 1

Budgeting and Business Performance Management

  • Creating value for key organisational stakeholders
  • Business Performance Management (BPM) frameworks
  • The fundamentals of competitive strategy
  • The vital role of budgeting and cost management in BPM
  • Principles of financial and management accounting
  • Key financial measures of value creation
  • Using strategy maps to integrate non-financial measures
Day 2

Cost Planning and Cost Management

  • Defining and understanding cost behaviour
  • The role of costing in performance management
  • Traditional costing: absorption costing
  • Traditional costing: marginal costing and break-even analysis
  • Traditional costing: standard costing control frameworks
  • Developments in costing: Target and Kaizen costing
  • Developments in costing: Activity Based Costing (ABC)
  • A strategic approach to cost management and reduction
Day 3

Steps and Techniques in Budget Preparation

  • Forecasting techniques for budgeting
  • Business Intelligence and budgeting
  • Diagnostic and predictive analytics for budgeting
  • Statistical tools and techniques in sales forecasting
  • Statistical tools and techniques for cost forecasting
  • Steps in the budgeting process
  • Budgeting and managing capital expenditure (CapEx)
  • Cash flow forecasting and budgeting
  • Styles and approaches to budgeting
  • Human and behavioural aspects of budgeting
Day 4

Using Budgets to Monitor and Manage Performance

  • Principles of Responsibility Accounting
  • Variance analysis and performance management
  • Standard costing and cost management
  • Using data analytics to find the root cause of variances
  • Data visualisation techniques for financial reports
  • Designing budget reports
  • Dashboards and their use in performance management
  • Designing tactical dashboards for budget management
Day 5

Beyond Budgeting to Adaptive Management

  • Shortcomings of traditional approaches to budgeting
  • Beyond Budgeting case study
  • Moving towards decentralised performance management
  • Replacing budgets with rolling forecasts
  • Using key driver forecasts for risk management
  • Using balanced scorecard to manage Key Performance Indicators
  • Why traditional budgeting still has a key role to play

Module II: Certificate in International Financial Reporting Standards (IFRS)

Day 6

The Role & Scope of IFRS

  • Establishing the case for IFRS
  • International accounting diversity
  • IFRS & US GAAP
  • The role & scope of IFRS & IAS including Sustainability Disclosure Requirements IFRS S1 & IFRS S2
  • The IASB conceptual framework
  • IFRS, accounting concepts & policies
Day 7

The Presentation & Preparation of Financial Statements

  • The annual reports & financial statements
  • IAS 1 & IFRS18 Presentation & Disclosures in Financial Statements
  • Preparing the income statement
  • Preparing the statement of financial position
  • IAS & statement of cashflow
  • Notes & disclosures
Day 8

Accounting for Cash Flow & Financial Instruments

  • The importance of cash flow
  • Preparing a statement of cash flows in accordance with IFRS 7
  • Evaluating the cash flow
  • What are financial instruments & derivatives?
  • IFRS 7 financial instruments: Disclosures
  • IFRS 9 financial instruments
Day 9

Accounting for Assets

  • Tangible & intangible assets
  • IAS 16: Property, plant and equipment and Depletion, Depreciation & Amortisation (DD&A)
  • IAS 36: Impairment of assets
  • IFRS 13 fair value measurement
  • IAS 38: Intangible assets
  • IAS 2 inventories
Day 10

Accounting for Strategic Alliances & Business Combinations

  • Strategic alliances mergers & acquisitions
  • Goodwill
  • IFRS 3 business combinations
  • IFRS 10: Consolidated financial statements
  • IFRS 11: Joint arrangements
  • IFRS 12: Disclosure of interests on other entities
Certificates
  • Upon successful completion of this training course, GLOMACS Certificate will be awarded to the delegates. Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance
Providers

Endorsed Education Provider

NASBA
Related Courses
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Related Categories
Finance & Budgeting
Finance & Budgeting

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