IFRS Masterclass & Financial Reporting
Core Business Skills for managers, executives and professionals
Duration
5 Days
Format
Classroom &Online
Fee From
$2,950
Scheduled Dates
No sessions of this type are scheduled.
Introduction
- The IFRS Conceptual Framework and presentation of financial statements
- Revenue (IFRS 15) and leases (IFRS 16)
- Financial instruments (IFRS 9) and fair value (IFRS 13)
- Business combinations and consolidation (IFRS 3 and IFRS 10)
- New and upcoming standards, including IFRS 18 and sustainability disclosures
Objectives
- Explain the IFRS Conceptual Framework and how standards are applied
- Prepare financial statements in line with IAS 1 and the new IFRS 18 requirements
- Apply the five-step revenue model under IFRS 15
- Account for leases under IFRS 16 from both lessee and lessor perspectives
- Classify, measure and impair financial instruments under IFRS 9
- Account for business combinations and prepare consolidated statements
- Apply judgement and prepare clear, compliant disclosures
Training Methodology
Organisational Impact
- More accurate and compliant financial statements
- Fewer audit adjustments and smoother year-end audits
- Readiness for new standards such as IFRS 18
- Stronger technical accounting capability within the finance team
- Clearer, more transparent reporting for investors and stakeholders
- Reduced regulatory and reputational risk from reporting errors
Personal Impact
- Gain an in-depth understanding of the key IFRS standards
- Apply IFRS confidently to complex transactions
- Explain and defend accounting judgements to auditors
- Stay up to date with new and upcoming standards
- Prepare consolidated financial statements with confidence
- Strengthen your profile for senior reporting and technical accounting roles
Who Should Attend?
- Financial controllers and finance managers
- Financial reporting and technical accounting professionals
- Accountants preparing IFRS financial statements
- Internal and external auditors
- CFOs and finance directors overseeing reporting
- Group and consolidation accountants
- Finance professionals moving from local GAAP to IFRS
- Regulators, analysts and audit committee members
Course Outline
- The IFRS Conceptual Framework
- Presentation of financial statements (IAS 1)
- New presentation requirements under IFRS 18
- Accounting policies, estimates and errors (IAS 8)
- Events after the reporting period (IAS 10)
- Statement of cash flows (IAS 7)
- Revenue from contracts with customers (IFRS 15)
- The five-step revenue recognition model
- Contract modifications, variable consideration and principal vs agent
- Leases (IFRS 16): lessee accounting
- Leases: lessor accounting, sale and leaseback
- Practical exercise: revenue and lease journal entries
- Property, plant and equipment (IAS 16)
- Intangible assets (IAS 38) and impairment of assets (IAS 36)
- Provisions, contingent liabilities and assets (IAS 37)
- Income taxes and deferred tax (IAS 12)
- Fair value measurement (IFRS 13)
- Practical exercise: impairment testing
- Classification and measurement under IFRS 9
- The expected credit loss (ECL) impairment model
- Hedge accounting principles
- Financial instruments presentation (IAS 32)
- Financial instruments disclosures (IFRS 7)
- Practical exercise: calculating expected credit losses
- Business combinations (IFRS 3) and goodwill
- Consolidated financial statements (IFRS 10)
- Associates and joint arrangements (IAS 28 and IFRS 11)
- Writing clear, effective disclosures
- Sustainability reporting: IFRS S1 and S2
- Practical exercise: preparing consolidated financial statements
Certificates
CLASSROOM
Delegates who complete the classroom course receive the Thinkcloudly Certificate of Completion, with one Continuing Professional Education (CPE) credit for every 50 minutes of attendance.
ONLINE
Delegates who complete the live online course receive the Thinkcloudly Certificate of Completion, with one Guided Learning Hour awarded for every 60 minutes of attendance.
Providers and Associations
Original price was: $6,499.00.$5,950.00Current price is: $5,950.00.
Our Learners Work At
Frequently Asked Questions
What will I learn on this course?
An in-depth, practical understanding of the key IFRS standards, including revenue, leases, financial instruments, consolidation and new standards such as IFRS 18.
What level of accounting knowledge do I need?
You should have a working knowledge of accounting and financial statements. The course is designed for finance professionals who prepare, review or audit financial statements.
Does the course cover IFRS 18?
Yes. Day 1 covers the new presentation and disclosure requirements of IFRS 18 and how they change the financial statements.
Is this course suitable for those moving from local GAAP?
Yes. The course highlights key differences and practical issues for organisations transitioning to IFRS.
Does the course cover sustainability reporting?
Yes, Day 5 introduces the ISSB sustainability disclosure standards IFRS S1 and IFRS S2.
What will I take back to my organisation?
Worked examples, journal entry templates and disclosure checklists for the key IFRS standards covered.
Will I receive a certificate?
Yes. All delegates who complete the course receive the Thinkcloudly Certificate of Completion, with CPE credits for classroom attendance or Guided Learning Hours for online attendance.
Can this course be delivered in-house?
Yes. We can tailor the content and case studies to your industry and deliver it at your premises, a venue of your choice or online. Contact [email protected] to discuss your requirements.
