GLOMACS Training & Consultancy
Close

Search for a Glomacs Course by Keywords

Schedules Introduction Objectives Training Methodology Organisational Impact Personal Impact Who Should Attend? Outline
Course Schedule
Date Venue Fees
06 - 10 Mar 2023 London - UK $5,950
15 - 19 May 2023 London - UK $5,950
23 - 27 Oct 2023 Dubai - UAE $5,950
Course Description

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
Course Outline

DAY 1

The Role & Scope of IFRS

  • Establishing the case for IFRS
  • International accounting diversity
  • IFRS & US GAAP
  • The role & scope of IFRS & IAS
  • The IASB conceptual framework
  • IFRS, accounting concepts & policies

DAY 2   

The Presentation & Preparation of Financial Statements

  • The annual reports & financial statements
  • IAS 1 presentation of financial statements
  • Preparing the income statement
  • Preparing the statement of financial position
  • IAS & statement of cashflow
  • Notes & disclosures

DAY 3

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 4 

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 5 

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
  • On 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 Sponsor, one CPE credit is granted per 50 minutes of attendance
Providers and Associations

Endorsed Education Provider

  • Quality Logo
  • Quality Logo

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org

You may also be interested in...

Send to Colleague

© 2022. Material published by GLOMACS shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


Sending your message. Please wait...

Send Successfully

There was a problem sending your message. Please try again.

Please complete all the fields in the form before sending.

Print Page

© 2022. Material published by GLOMACS shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


Sending your message. Please wait...

Close

There was a problem sending your message. Please try again.

Please complete all the fields in the form before sending.

Download PDF

© 2022. Material published by GLOMACS shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


Sending your message. Please wait...

Close

There was a problem sending your message. Please try again.

Please complete all the fields in the form before sending.


SHARE

HIDE
LinkedIn
Facebook
Twitter
WhatsApp
Email
Other