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*NEW* IFRS Updates

Description

This course is in English.

Course Description:

The purpose of the course is to ensure that the company’s staff is adequately up to date with the current IFRS developments . It will enhance the team’s knowledge and capabilities to assess the disclosure and other requirements in relation to IFRs.

This course provides a detailed review of the significant technical requirements of International Financial Reporting Standards (IFRSs), including accounting and reporting for financial instruments, leases and insurance contracts,as well as other standards relevant to the financial services sector. It includes coverage of the requirements of the relevant standards and interpretations, hands-on case studies, examples, exercises, small-group projects, and benefits from the interactive participation of the attendees.

 

Course Objectives:

At a Kowledge level:

  • Identify the main elements of the corresponding IFRSs.
  • Describe the main difficulties in relation to the IFRs as well as the recognition and measurement procedures

At a Skills level:

  • Be in a position to prove from the financial statements any errors or omissions
  • To explain any issues raised and recommend solution so that the financial statements are in line with the corresponding IFRs and the disclosures required

At an Approach level:

  • Collaborate with other audit personnel to ensure that the solutions recommended apply to the given scenarios.

 

The course is addressed to:

  1. Auditing and accounting staff (CFOs, accountants, internal & external auditors),

who participate in the statutory audit of financial statements as well as in the preparation of financial statements in accordance with the respective International Financial Reporting Standards. (IFRS).

 

This course covers 6 topics.

 

Instructor Style:

The course is delivered by someone with hands on experience. Highly practical, relevant and important and safely this course is for you.The instructor blends theory with highly practical case studies and examples derived from his long experience.

 

CPD accreditation:

The course may be approved for up to 14 CPD units verified directly by the participant's association, regulator or other bodies which holds membership.

 

*Group rates available.  **Early Bird discount may apply.

 

This course can be offered inhouse, customised to your business needs.

 

*Infocredit Professional Education division (IPE)  holds the right to postpone or cancell any seminar within a logical time frame near to the start date of the seminar, in the case whereas no adequate number of participants is registered i .e. less than 6 persons and/or in the case that out of the list of registered people are not included at least 4 employed people  ( as per HRDA guidelines). You can access  HRDA guidelines by clicking the link: https://bit.ly/2VSWgWU 

Topics

A summary of the various IFRS changes that took place in 2017 and the possible impact on the financial statements 

  • Main elements and requirements of IFRS9
  • Disclosure requirements in relation to IFRS9 
  •  Practical examples of issues in relation to IFRS9

Class Activity for the identification of the correct treatment of various scenarios in relation to IFRS 9.

-Main elements and requirements of IFRS15

-Disclosure requirements in relation to IFRS 15

-Practical examples of issues relating to IFRS15

-Class activity for the identification of the correct treatment of various scenarios in relation to IFRS 15.


  • Main elements and requirements of IFRS16
  • Disclosure requirements in relation to IFRS16              
  • Practical examples of issues in relation to IFRS16
  •  Class Activity for the identification of the correct treatment of various scenarios in relation to IFRS 16

  • Case study given to participants for solving purposes 
  •  De-brief of the case study given

  • Case study given to participants for solving purposes 
  •   De-brief of the case study given

Summary

Course dates

Dec 01 - Dec 04, 2020

Class hours

09:00 - 12:45 (EET)

Subsidy

Not subsidised by HRDA

Training certificate

Infocredit Professional Education (IPE)

Level

2

Method of instruction

online

Language

English

Educational material

digital

Laptop

required

Payment

online

Course Instructors

Nearchos Ioannou

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