International Financial Reporting Standards Training Course
Course Overview
| Course Title | International Financial Reporting Standards Training Course |
| Organization | Tech For Development (T4D) |
| Venue | Tech For Development (T4D) Training Center along Tala Road, Runda, Nairobi |
| Target Industries |
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| Target Job Roles |
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| Course Fees (Face-to-Face) | USD 1,100/KES 75,000 (Exclusive of VAT) |
| Course Fees (Virtual) | TBA |
| Training Modes | Virtual and face-to-face training |
| Payment | Payment should be made to the Tech For Development (T4D) bank account on or before the start of the course |
| Accreditation | Tech For Development Certificate of Course Completion |
Course Overview:
This 5-day course offered at T4D is designed to provide finance and accounting professionals with a solid understanding of the International Financial Reporting Standards (IFRS). Participants will gain insights into IFRS principles, explore recent updates, and learn to apply IFRS in financial reporting processes. The course covers essential topics such as revenue recognition, financial instruments, leases, and fair value measurement, with practical exercises to reinforce learning. By the end, attendees will be equipped to ensure accurate and compliant financial statements that meet global standards.
Course Duration:
5 Days
Target Audience:
- Accountants and financial managers
- Auditors and internal control officers
- Compliance and regulatory reporting specialists
- Professionals involved in financial reporting and analysis
- Anyone looking to understand IFRS principles and applications
Personal Impact:
- Enhance knowledge of IFRS standards and their global applications.
- Improve ability to interpret and prepare IFRS-compliant financial statements.
- Develop practical skills for addressing IFRS-related reporting challenges.
Organizational Impact:
- Ensure the organization’s financial reports meet international standards.
- Increase transparency and accuracy in financial statements, bolstering investor trust.
- Streamline compliance with regulatory and investor expectations for global reporting.
Course Objectives:
By the end of this course, participants will be able to:
- Understand the structure, purpose, and key principles of IFRS.
- Apply IFRS standards to financial statement preparation and analysis.
- Recognize recent updates and amendments to IFRS.
- Address common challenges in implementing IFRS within an organization.
- Enhance reporting accuracy and transparency in line with global best practices.
Course Modules
Course Outline:
Module 1: Overview of IFRS and its Framework
- Introduction to IFRS and the International Accounting Standards Board (IASB)
- Structure and principles of the IFRS framework
- Key differences between IFRS and local accounting standards
- Practical Exercise: Analyzing the components of IFRS-compliant financial statements
Module 2: Revenue Recognition and Financial Instruments
- IFRS 15: Revenue from Contracts with Customers
- IFRS 9: Financial Instruments – classification, measurement, and impairment
- Fair value measurement and its implications in financial reporting
- Case Study: Revenue recognition and financial instrument reporting examples
Module 3: Leases and Employee Benefits
- IFRS 16: Leases – recognition, measurement, and disclosure
- IAS 19: Employee Benefits – accounting for defined benefits and pensions
- Practical Exercise: Preparing financial statements with lease and benefit components
Module 4: Fair Value Measurement and Impairment of Assets
- IFRS 13: Fair Value Measurement – methods and disclosures
- IAS 36: Impairment of Assets – identifying and measuring impairment
- Application of fair value principles to tangible and intangible assets
- Real-life Project: Asset impairment and fair value measurement in practice
Module 5: Consolidation, Presentation, and Disclosure
- IFRS 10: Consolidated Financial Statements
- IAS 1: Presentation of Financial Statements and disclosure requirements
- Best practices for IFRS-compliant presentation and disclosure
- Case Study: Reviewing disclosures in IFRS-compliant consolidated reports
Course Administration
Methodology
This instructor-led training course is delivered using a blended learning approach comprising presentations, guided practical sessions, web-based tutorials, and group work.
Accreditation
Participants will receive a Tech For Development Certificate of Course Completion.
Training Venue
Held at the Tech For Development Training Centre.
Accommodation & Airport Transfer
Arranged upon request.
Email: letstalk@techfordevelopment.com
Phone: (+254) 790 824 179
Tailor-Made
Customised training available.
Payment
Send proof of payment to letstalk@techfordevelopment.com.
