| Date | Venue | Fees | |
|---|---|---|---|
| 04 - 08 Oct 2026 | Riyadh - Saudi Arabia | $ 5,950 | |
| 21 - 25 Mar 2027 | Riyadh - Saudi Arabia | $ 5,950 | |
| 04 - 08 Oct 2027 | Riyadh - Saudi Arabia | $ 5,950 |
Introduction
This advanced training course is designed to equip participants with a comprehensive and practical understanding of the latest IFRS updates effective in 2026, with a strong focus on their adoption and application in the Kingdom of Saudi Arabia in accordance with SOCPA requirements.
The GLOMACS IFRS Updates 2026: Navigating New Standards According SOCPA for Saudi Entities training course bridges the gap between international accounting standards and local regulatory practices, enabling participants to effectively apply new and amended IFRS standards within Saudi entities while ensuring compliance, transparency, and high-quality financial reporting.
Objectives
By the end of this IFRS Updates 2026: Navigating New Standards According SOCPA for Saudi Entities training course, participants will be able to:
- Understand the latest IFRS updates and amendments effective in 2026
- Interpret SOCPA requirements related to IFRS adoption in Saudi Arabia
- Apply new and amended IFRS standards in Saudi entities
- Assess the financial impact of IFRS updates on financial statements
- Address practical implementation challenges and transition issues
- Prepare IFRS-compliant disclosures aligned with SOCPA guidance
- Enhance readiness for audit, compliance, and regulatory review
Training Methodology
The IFRS Updates 2026: Navigating New Standards According SOCPA for Saudi Entities training course adopts a professional, application-oriented training methodology, including: Interactive and participatory training sessions ,Practical case studies from the Saudi market, Numerical examples and accounting applications ,Group workshops and exercises ,Financial impact assessment exercises
Organisational Impact
- Improved quality and reliability of financial reporting
- Enhanced compliance with SOCPA requirements
- Reduced audit findings and regulatory observations
- Strengthened transparency and corporate governance
- Better decision-making based on reliable financial information
Personal Impact
- Updated professional knowledge aligned with latest IFRS
- Enhanced practical application skills
- Reduced risk of accounting and reporting errors
- Improved confidence in financial statement preparation
- Strengthened professional and regulatory competence
Who should Attend?
This GLOMACS IFRS Updates 2026: Navigating New Standards According SOCPA for Saudi Entities training course is specifically designed for:
- Professional accountants and finance professionals
- Certified Public Accountants
- Chief Financial Officers (CFOs) and Finance Managers
- Financial reporting and consolidation teams
- Internal and external auditors
- Compliance and governance officers
- Professionals working in IFRS-adopting entities in Saudi Arabia
IFRS Framework and Application in Saudi Arabia
- Evolution of International Financial Reporting Standards
- The IFRS Conceptual Framework
- IFRS adoption in the Kingdom of Saudi Arabia
- Role of SOCPA in IFRS implementation
- Relationship between IFRS and Saudi accounting requirements
- Professional responsibilities of management and accountants
- Overview of IFRS updates effective in 2026
Updates to Core IFRS Standards Affecting Financial Statements
- Recent amendments to IAS 1 – Presentation of Financial Statements
- Updates to IAS 8 – Accounting Policies and Estimates
- Material disclosures and judgment-based reporting
- Impact of amendments on financial performance presentation
- Updates related to IAS 10 and IAS 12
- SOCPA disclosure expectations
- Common application issues in the Saudi market
- Workshop: Comparative analysis of financial statements before and after IFRS updates
New and Amended Standards with Significant Financial Impact
- IFRS 15 – Revenue Recognition: recent interpretations and applications
- IFRS 16 – Leases: advanced practical issues
- IFRS 9 – Financial Instruments: updates and implications
- Sector-specific considerations in the Saudi environment
- Advanced disclosure requirements
- Practical Application: End-to-end accounting treatment for a Saudi case study
Transition, Accounting Policies, and Financial Impact Assessment
- Updating and documenting accounting policies
- IAS 8 requirements for accounting changes
- Retrospective vs. prospective application
- Measuring the financial impact of IFRS updates
- Impact on profits, equity, and key financial ratios
- IAS 36 – Impairment of Assets
- IAS 37 – Provisions, Contingent Liabilities, and Contingent Assets
- Linkage between financial reporting and corporate governance
Disclosure, Compliance, and Audit Readiness
- IFRS and SOCPA disclosure requirements
- Quantitative vs. qualitative disclosures
- Enhancing disclosure quality and avoiding audit qualifications
- Common audit observations in Saudi Arabia
- Professional best practices
- IFRS 2026 implementation roadmap for Saudi entities
- 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
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