IFRS Norms : Key concepts
Master the Key Concepts of IFRS Standards
Duration : 5 days
This training provides an overview of IFRS standards, including the conceptual framework and the most important IFRS standards. You will cover international accounting standardization and the IFRS framework, presentation requirements for financial statements under IFRS, IAS 7 (cash flow statements and statement of changes in equity), IAS 16 and IAS 38 (property, plant, and equipment and intangible assets), IFRS 16 (leases), and IFRS 15 (revenue recognition). Upon completion of the training, you will have a solid understanding of the basic principles of IFRS standards and the main IFRS standards.
Learning Objectives
Explain the IFRS international accounting standards framework
Specify the presentation requirements for financial statements under IFRS
Present the main international standards and their differences from Local rules
Training Program
Engagement You commit to your training. Log in to your participant area and complete your preparatory questionnaire. Your trainer will receive your progress objectives. Self-assess your skills to track your progress at the end of your training.
Explain the IFRS framework
Understand the international accounting standardization
The IFRS genesis & evolution
The IFRS structure and framework
Examine the conceptual framework of IASB and its evolution
Quizzes IFRS framework
Specify the presentation requirements for financial statements in IFRS
Present the main financial statements (IAS 1): balance sheet, net income statement, comprehensive income statement
Understanding the concept of current/non-current classification in the balance sheet
Presentation of non-recurring items in the income statement
Key points to know about other comprehensive income (OCI)
Describe IAS 8: Treatment of changes in accounting policies, accounting estimates, and error corrections
Study case: financial statements in IFRS
Learn the most important IFRS norms and measure the impact of divergences between IFRS standards and local accounting rules
Present IAS 7 Statement of Cash Flows & Statement of Changes in Equity
Presentation requirements for the statement of cash flows: operating activities, investing activities, financing activities
Statement of changes in equity
Study case: IAS 7
Describe IAS 16 Property, Plant and Equipment & IAS 38 Intangible Assets
Key principles for property, plant, and equipment under IFRS
Treatment of self-constructed property, plant, and equipment
Study case: IAS 16
Explain IFRS 16
IAS 17 Quick review
Changes introduced by IFRS 16
Impact of the new IFRS 16 standard on financial statements
IFRS 16 ratios impact
Workshop: Practical cases illustrating the differences between financial statements BEFORE and AFTER the application of IFRS 16 standard
Present IFRS 15 - context & revenue recognition
Step 1: Identification of the contract with the customer
Step 2: Identification of the promised goods or services in the contract
Step 3: Determination of the transaction price
Step 4: Allocation of the transaction price to performance obligations
Step 5: Recognition of revenue
Practical cases
Executive summary of IFRS 15
Study case: IFRS 15
Transfer Your training journey continues in your participant area. Log in to access resources, self-assess the skills acquired during your training, and facilitate the implementation of your commitments in your professional context.
Key Points
Glossary
Executive summary
Who Should Attend This Training
Anyone with basic accounting knowledge and wishing to learn IFRS standards
Prerequisities
Basic accounting knowledge
Teaching Methods
Training system structured around skills transfer
Acquisition of operational skills through practice and experimentation
Collaborative learning during synchronous sessions
Learning path in several stages to allow engagement, learning, and transfer
Training encouraging participant engagement for better retention of lessons
Satisfaction and Evaluation
Competency evaluation will be carried out throughout the training by the participant themselves (self-assessment) and/or the trainer according to the training modalities.
Evaluation of the training action online on your participant area:
Immediately after the training, to measure your satisfaction and your perception of the evolution of your skills in relation to the training objectives. With your agreement, your overall rating and comments will be published on our site through Verified Reviews.
40 days after the training to validate the transfer of your acquired skills in the work situation
Attendance tracking and issuance of an individual training certificate or a certificate of completion
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PARIS
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