French Norms Vs IFRS Norms
Category : Accounting, IFRS, Consolidation
Duration: 5 days
This program provides an in-depth comparison between French accounting norms (French GAAP) and International Financial Reporting Standards (IFRS). Participants will explore the key differences and similarities between the two frameworks, focusing on areas such as revenue recognition, financial instruments, and consolidation methods. Through practical examples and case studies, participants will gain a clear understanding of how to navigate the complexities of both systems and ensure compliance in a global context.
Learning Objectives
Understand the key differences between French GAAP and IFRS
Apply both French and international accounting principles to financial reporting
Analyze the impact of accounting differences on financial statements
Ensure compliance with both French and IFRS standards
Training Program
Introduction to French GAAP and IFRS
Overview of French GAAP: Key principles and applications
Introduction to IFRS: Framework, objectives, and scope
The importance of understanding both frameworks in global reporting
Quiz: Identify the major differences between French GAAP and IFRS
Revenue Recognition
Revenue recognition under French norms vs. IFRS (IFRS 15)
Key differences in contract accounting and performance obligations
Case study: Compare revenue recognition for a French and an international company
Financial Instruments
Accounting for financial instruments: French norms vs. IFRS 9
Classification, measurement, and impairment of financial assets
Impact of financial instrument accounting on financial statements
Practical case: Compare financial instrument disclosures under French GAAP and IFRS
Consolidation and Group Accounts
Consolidation rules under French GAAP vs. IFRS (IFRS 10, 11, 12)
Treatment of subsidiaries, joint ventures, and associates
Key differences in the preparation of group accounts
Practical case: Prepare group financial statements under both frameworks
Leases and Other Key Differences
Lease accounting: French norms vs. IFRS 16
Treatment of provisions, contingencies, and employee benefits
Analyzing the overall impact of accounting differences on financial ratios
Practical case: Analyze the impact of IFRS adoption on a French company’s financial statements
Key Points
Numerous practical examples illustrating the different studied concepts
Practical cases to draw parallels with the concepts learned
Who Should Attend This Training
Accountants and financial controllers
Auditors and compliance officers
Finance managers in multinational corporations
Professionals involved in financial reporting and consolidation
Prerequisities
Basic knowledge of financial reporting and accounting principles
Teaching Methods
Training structured around skill transfer
Acquisition of operational skills through practice and experimentation
Collaborative learning during synchronous sessions
Multi-stage learning path to allow engagement, learning, and transfer
Training promoting participant engagement for better anchoring of lessons
Satisfaction and Evaluation
Skill evaluation will be conducted throughout the training by the participant (self-evaluation) and/or the trainer according to the training methods.
Online training evaluation on your participant space:
Immediate evaluation at the end of the training to measure your satisfaction and perception of skill improvement against training objectives. With your agreement, your overall rating and comments will be published on our site via Verified Reviews.
Post-training evaluation 40 days later to validate the transfer of your acquired skills in the workplace
Attendance tracking and issuance of an individual training certificate or a certificate of completion
LONDON
128 City Road, EC1V 2NX London
PARIS
38 Rue Boulard, 75014, Paris