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Advance Your Career with IFRS & Financial Reporting Classes
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What You will Learn
- Learn key standards like IAS 1, IFRS 15, IFRS 16, and more to prepare accurate financial statements.
- Explore critical topics: Revenue Recognition, Financial Instruments, Consolidation, and Employee Benefits.
- Hands-on learning with real-world case studies, quizzes, and a final project.
Course Format
- Live Tutorials
- Checking the Task
- Material Provided
Duration Course
- Weekly 3-8 Sessions
- 3 Hours of Consultations
- 1.5-2 Hours Classes
Course Content
IFRS & Financial Reporting Course Overview
Foundations of IFRS and Core Financial Reporting
Course Aim Course Curriculum
Advanced Standards and Practical Application
Foundations of IFRS and Core Financial Reporting
Module 1: Introduction to IFRS and Financial Reporting
- Overview of IFRS: History, need, and benefits of IFRS.
- IFRS vs. Local GAAP: Key differences and convergence efforts.
- Conceptual Framework for Financial Reporting: Objectives and principles.
- The IFRS Foundation & IASB: Role and structure.
Module 2: Presentation of Financial Statements (IAS 1)
- Components of Financial Statements: Statement of Financial Position, Comprehensive Income, Cash Flow, and Changes in Equity.
- Fair Presentation and Compliance.
- Materiality, Offsetting, and Comparative Information.
Module 3: Revenue Recognition (IFRS 15)
- Five-Step Model for Revenue Recognition:
- Identify the contract(s) with the customer.
- Identify performance obligations.
- Determine the transaction price.
- Allocate the transaction price.
- Recognize revenue when performance obligations are satisfied.
- Specific issues: Contracts, variable consideration, warranties.
Course Aim Course Curriculum
Module 4: Property, Plant, and Equipment (IAS 16)
- Recognition and Measurement: Initial recognition, subsequent costs. ∙ Depreciation: Methods and useful life.
- Revaluation Model vs. Cost Model.
- Impairment and Derecognition.
Module 5: Leases (IFRS 16)
- Definition of a Lease.
- Lessee Accounting: Right-of-use asset and lease liability.
- Lessor Accounting: Operating vs. finance leases.
- Sale and Leaseback Transactions.
Module 6: Financial Instruments (IFRS 9)
- Classification of Financial Instruments: Amortized cost, Fair Value through Profit or Loss (FVTPL), Fair Value through Other Comprehensive Income (FVOCI).
- Impairment Model: Expected credit loss (ECL).
- Hedge Accounting: Types of hedges and accounting treatments.
Module 7: Inventories (IAS 2)
- Valuation of Inventories: Cost formulas (FIFO, weighted average). ∙ Lower of Cost or Net Realizable Value.
- Recognition of Inventories as Expenses.
Advanced Standards and Practical Application
Module 8: Impairment of Assets (IAS 36)
- Impairment Indicators: Internal and external sources.
- Impairment Testing: Recoverable amount, value in use, and fair value less costs of disposal.
- Reversal of Impairment Losses.
Module 9: Provisions, Contingent Liabilities, and Contingent Assets (IAS 37)
- Recognition Criteria for Provisions.
- Measurement of Provisions.
- Contingent Liabilities and Contingent Assets: Disclosure requirements.
Module 10: Consolidated Financial Statements (IFRS 10)
- Control Definition: Power over the investor.
- Consolidation Procedures: Elimination of intra-group transactions.
- Non-controlling Interests.
- Business Combinations (IFRS 3): Acquisition method and goodwill.
Module 11: Employee Benefits (IAS 19)
- Types of Employee Benefits: Short-term, post-employment, and other long-term benefits.
- Defined Benefit vs. Defined Contribution Plans.
- Actuarial Assumptions and gains/losses.
Module 12: Disclosure Standards and Final Reporting
- Related Party Disclosures (IAS 24).
- Operating Segments (IFRS 8).
- Events After the Reporting Period (IAS 10).
- Final Review of Financial Statements: Ensuring compliance with IFRS.
Assessment & Wrap-Up
- Case Studies and Real-World Application.
- Assessments: Quiz and practical exercises on IFRS standards.
- Final Project: Prepare a set of financial statements in compliance with IFRS.
FAQ’s
IFRS (International Financial Reporting Standards) is a globally accepted framework for financial reporting, ensuring transparency and comparability across industries and regions. Our IFRS course is designed to help you master these standards.
This course is ideal for finance professionals, accountants, auditors, and students aiming to earn an IFRS certification and excel in global financial reporting.
No prior experience is necessary. However, a basic understanding of accounting principles will enhance your learning experience in our IFRS classes.
Yes, this IFRS course provides in-depth knowledge and practical insights to prepare you for a recognized IFRS certification, boosting your career prospects.
The course typically spans 6–8 weeks, with flexible schedules to suit your pace while covering all key topics for your IFRS certification.
Yes, the IFRS classes feature quizzes, practical assignments, and a final project to test your grasp of IFRS standards and prepare you for real-world applications.
Course Instructor
Ar Mahalakshmi V
Head of Training and Development in AutoCAD 2D & 3D
4.9
Qualifications:
- Master’s Degree in Architecture (M.Arch)
- Bachelor’s Degree in Architecture (B.Arch)
Certifications:
- Autodesk Revit Architecture
- Autodesk 3Ds Max
0
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Students Pass Rate
0
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Years Of Experience
0
Coaching Certificates
Start Your IFRS Journey with Al Manal
Ready to boost your career with globally recognized financial reporting skills? Enroll in our IFRS course today and take the first step toward earning your IFRS certification!
Why Choose Us?
- Expert-Led IFRS Classes
- Practical Case Studies & Real-World Projects
- Flexible Schedules to Suit Your Needs
- Industry-Recognized Certification
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Don’t just take our word for it
"Al Manal's IFRS & Financial Reporting course was fantastic! Clear explanations, helpful resources, and hands-on exercises made complex concepts easy to grasp. Definitely worth the investment."
Mohammed NisarCourse: Financial Accounting 
"I enrolled in Al Manal's IFRS & Financial Reporting course and it exceeded my expectations. The course material was well-organized, the instructor was knowledgeable, and the support team was responsive. I feel more confident in my accounting abilities now."
Hassan UddinCourse: Financial Accounting 
"Excellent course! Comprehensive coverage of IFRS & Financial Reporting principles with practical examples. Great instructor support and interactive sessions. Highly recommend for anyone looking to strengthen their accounting skills."
Sara JabeenCourse: Financial Accounting 