Navigating IFRS: From Principles to Practice

Welcome to “Navigating IFRS: From Principles to Practice,” a comprehensive two-day workshop designed to provide participants with an in-depth understanding of measurement and recognition principles under key International Financial Reporting Standards (IFRS).
Throughout this workshop, participants will delve into the complexities of applying IFRS standards related to inventories, property, plant, equipment, impairment of assets, intangible assets, provisions, contingent liabilities, investment property, and borrowing costs.

Who should Enroll ?

The Six Sigma Black Belt Certification Course is ideal for professionals who aspire to lead process improvement initiatives, drive organizational change, and deliver exceptional results. It is well-suited for:

Finance Professionals seeking a detailed understanding of measurement and recognition principles in IFRS.
Accountants, Auditors, and Financial Analysts aiming to enhance their expertise in applying IFRS standards.
Managers and Executives responsible for financial decision-making.
Business Owners and Entrepreneurs looking to align their accounting practices with global standards.

This in-depth course caters to finance professionals, accountants, auditors, and anyone involved in financial reporting who needs to stay current with IFRS. Through a blend of theoretical knowledge and practical applications, you will learn to interpret, implement, and maintain IFRS standards within your organization.

Course Outline

Day -1
Day -2

Introduction to Measurement and Recognition Principles in IFRS
IAS 2: Inventories and Cost Accounting Methods
IAS 16: Property, Plant, and Equipment Valuation and Depreciation
IAS 40: Investment Property and Fair Value Measurement

IAS 36: Impairment of Assets and Impairment Testing
IAS 38: Intangible Assets and Recognition Criteria
IAS 37: Provisions, Contingent Liabilities, and Contingent Assets
IAS 23: Borrowing Costs and Capitalization Criteria
Case Studies and Practical Application Exercises

Course details

Course Duration

Study Materials

Course Fees

Learning Management System

International Trainers

Easiest Fee structures

Eligibility Criteria

Course Objectives

Gain a thorough comprehension of the measurement and recognition criteria set out by IFRS.
Develop practical skills to apply IFRS standards effectively in real-world scenarios.
Understand the implications of applying different IFRS standards on financial statements.
Enhance your ability to make informed financial decisions by aligning with global accounting best practices.

Key Learning Outcomes

By the end of this course, you will be able to:

Understand IFRS Fundamentals: Gain a thorough understanding of the core principles and standards of IFRS.
Apply IFRS Standards: Learn to apply IFRS to various financial scenarios and transactions.
Interpret Financial Statements: Develop the ability to read and interpret financial statements prepared under IFRS.
Manage Compliance: Ensure your organization complies with the latest IFRS requirements.
Address Complex Issues: Tackle complex financial reporting issues with confidence using advanced IFRS knowledge.

Jamshed Butt

FCCA – Mphil, Chartered Financial Analyst Level II Candidate
Experience - 20+ Years

A distinguished and accomplished professional whose exceptional capabilities bring substantial value to our firm. With a diverse and comprehensive skill set, this individual possesses extensive expertise in corporate training, international financial reporting, auditing standards, risk assessment, and tax consultancy.

Within the realm of corporate training, this expert meticulously designs and delivers highly tailored programs that cater to the specific needs of organizations. Leveraging engaging teaching methodologies and an in-depth understanding of adult learning principles, they ensure seamless knowledge transfer on pivotal topics such as financial reporting, auditing, risk management, and tax compliance.

With an unwavering command of International Financial Reporting Standards (IFRS), this individual provides invaluable guidance on the adoption and practical application of these global accounting principles. Their astute insights span intricate accounting frameworks and regulations, enabling them to offer expert assistance in financial statement preparation, consolidation, revenue recognition, and related areas. Their commitment to staying abreast of the latest IFRS developments ensures precise and compliant financial reporting. Specializing in International Standards on Auditing (ISA), this consummate professional conducts audits in strict accordance with globally recognized benchmarks.

In essence, this highly accomplished professional showcases a versatile skill set that makes them an indispensable asset to our firm. With their proven expertise in corporate training, international financial reporting, auditing standards, risk assessment, and tax consultancy, they are poised to contribute significantly to our firm’s growth and success.

Gaurav Baid

Director – Governance, Risk and Compliance (GRC), IFRS17, Chartered Accountant – ICAI (India)
Experience - 20+ Years

Gaurav Baid has extensive international professional experience of over 15 years in Assurance, Consultancy and Banking and Operations, spread across institutions in the Gulf.
Prior to joining the GRC team, he was the Chief Financial Officer in a wholesale Bank Responsibilities included
Ensuring compliance with Central Bank regulations and IFRS standards
Developing and obtaining board approval for business plan and financial budgets
Analyzing financial results at each month end
Streamlining process by implementing effective internal controls over accounting and financial reporting processes
Briefing the Regulators, CEO and Board on business performance and financial statements
With Ernst Young, Gaurav was working as a Senior Manager in the Financial Services Asset Management Group of the Assurance service line including internal audits risk assessment compliance fraud prevention/detection policies and procedures training and statutory audits
Responsibilities included:
Review of treasury and investments including Private Equity Hedge Funds functions in banks
Review integrity of financial information by implementing and monitoring appropriate controls
Analyze results of operations and suggested best practices to address control weaknesses of various segments of clients’ operations
Setting up the audit approach and execution of the audit assignments, in consultation with partners, which makes effective use of team members’ skills
Demonstrating strong technical knowledge, researching issues, presenting alternatives and conclusions
Hands on experience in development and deployment of IFRS 9 analytics, data analytics and policy development
Implemented IFRS 15 across various finance companies in UAE and Bahrain
Carried out gap assessment and impact analysis as part of IFRS 17 Phase 1 project at Insurance companies in UAE and Bahrain
Appraising the adequacy and use of financial and operating policies, procedures and controls and constantly recommending required improvements therein
Facilitating elimination of noncompliance of Central Bank regulations through appropriate corrective and preventive action

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IFRS course on Coursetakers.ae