Certificate in Advanced IFRS

Why Attend

Today’s organizations are constantly seeking diversification and investment opportunities around the world. Therefore, these companies have to constantly rely on cross-border transactions. In order to properly recognize and account for such transactions, International Financial Reporting Standards (IFRS) have been adopted by more than one hundred countries to represent a set of high quality global accounting standards.

The “Certificate in Advanced IFRS” course takes a closer look at accounting standards and describes the accounting treatment and recognition rules for standards not covered in more basic IFRS courses. Consolidation, public-private partnerships, joint ventures, leases and revenue recognition are some of the complex topics addressed in this course. In addition, this course takes a look at employees' end-of-service indemnity calculation requirements and allowance for doubtful trade receivables under IFRS 9.

Course Methodology

The course uses a mix of interactive techniques including brief presentations by the consultant, application of theories presented by the consultant, and group exercises to exchange experience and apply knowledge acquired throughout the course.

Course Objectives

By the end of the course, participants will be able to:

• Describe the process for preparing consolidated financial statements under IFRS
• Explain the difference between joint ventures and joint operations and distinguish the accounting treatment between them
• Determine the correct presentation and accounting for operators and grantors under public-private partnerships
• Appraise and properly account for revenue from contracts with customers and leases
• Challenge the computation of short-term employee benefits and employees’ end-of-service indemnity
• Apply professional judgment in applying IFRS for matters relating to employees' end-of-service indemnity and allowance for doubtful trade receivables.

Target Audience

Professionals in the fields of accounting, finance and auditing as well as professionals seeking to enhance their international accounting knowledge from companies implementing IFRS as the standard of reporting.

Target Competencies

• Impairment for trade receivables
• Consolidation
• Financial reporting
• Accounting for public-private partnerships
• Applying IFRS
• Revenue recognition
• Lease accounting