IFRS



Introduction

The transition around the world to International Financial Reporting Standards (IFRS) - which were formerly known as International Accounting Standards (IAS) - is the most important development ever seen in the world of accounting. At present, more than 125 different countries around the world require or permit IFRS reporting.

We offer customized in-house training programs on IFRS at company premises. The topics can be delivered on-site at a time and place which is convenient for corporates and the agenda can be tailored to meet corporate’s specific training needs.


    Course highlights
  • Customized content to suit the corporate’s requirements based on relevance and requirements of the audience
  • Training on specific industry issues or sector specific impacts
  • Flexibility in timing and place
  • Training is covered over a 1 to 5 days period depending on the work schedule of participants

    Why FINXL?
  • Program is conducted by experienced trainers having international exposure in delivering IFRS training
  • Trainers are experienced in practical implementation of IFRS across various sectors
  • Step by step study material, pre-& post training assessment test
  • Competitive cost value proposition which brings high-class training
Pre-Requisites

    Participants attending this training should be familiar with the basic accounting concepts and would have been part of accounting team

Target Audience

    Students of Finance/Accounting: Learning IFRS doesn’t make sense until you want to pursue a career in finance or accounting. No matter where you are in your career, if your passion is accounting or finance, this course is made for you and you can extract the maximum benefit out of it.

    Accountants/Professionals related to accounting: If you are accountants or pursuing a career in accounting and finance, learning IFRS would be perfect professional enhancement for you. Because most of the countries use IFRS as their chosen accounting standards.

    Entrepreneurs/Consultants/Management Executives/Business Professionals: If you are as aspired entrepreneur or already have become one, this course may help you immensely. In the beginning of your journey, you will find this training to be useful to set up your accounting department as per the IFRS and not worry about a thing again.

Course Details

Courses range from the introductory to the advanced in coverage, and from short to long in duration. IFRS technical topics:

  • First-time Adoption of IFRS
  • Financial Statements & Disclosures
  • Technical Updates
  • Business Combinations, Consolidations & Equity Method Investments
  • Financial Instruments
  • Other IFRS topics
  • IFRS 9
  • Specialized Industries & Sectors (e.g. Oil & Gas, Banking, etc.)
  • Courses for Executives, Analysts, and Non-accountants
    Harmonization of Financial Accounting
  • Accounting Legislature in the CR
  • Current Trends in Accounting Harmonization (IFRS vs US GAAP)
Non-Current Assets
  • Reporting and Measurement of Non-Current Assets in CR
  • Improvement of Tangibles
  • Inventory of Non-Current Assets
  • IAS 16 - Property, Plant and Equipment
  • IAS 40 - Investment Properties
  • IAS 17 - Leases
Inventories
  • Reporting and Measurement of Purchased Inventories
  • Reporting and Measurement of Own Production. Costing
  • Inventory of Inventories
Financial Assets
  • Reporting and Measurement of Equity Securities
  • Reporting and Measurement of Debt Securities
  • Reporting and Measurement of Derivative Contracts
  • IFRS 9 - Financial Instruments
Receivables and Debts
  • AR and AP. Bad Debts
  • Forex Transactions
  • Payroll Accounting
  • Tax System
  • Provisions. Accruals and Deferrals
Equity
  • Structure of Equity
  • Decrease and Increase in Registered Capital
  • Distribution of P/L
Inventory Process
  • Inventory Process
  • Income Tax Due
  • Deferred Income Tax
Financial Statements and Their Analysis
  • Financial Statements in CR
  • Financial Statements according IFRS
  • Financial Statements Analysis
Training Cost
  • Training Cost – INR 20,000 + Taxes per day
FAQ's

The only reason is IFRS training like this is rare to find. This encompasses all standards at one place. Along with this, there is a case study for implementation of IFRS (pre and post IFRS).

The answer is both yes and no. Yes, if you want to understand accounting in depth. It doesn’t matter whether you are from different career domain altogether. And the answer would be no, in case you don’t have any interest in the accounting domain.

The IFRS training is designed in such a way that you can learn the concept and put the same concept into practice without any issue.