IFRS Norms : Mastering Key Evaluation and Accounting Guidelines
Category : Consolidation, IFRS
Duration: 5 days
IFRS (International Financial Reporting Standards) aim to provide standardized financial information on an international scale. They lead, especially for publicly traded companies, to the preparation of IFRS financial statements according to specific evaluation and accounting rules based on the nature of the transactions, such as tangible/intangible assets, financial instruments, lease contracts, provisions, etc. This training provides an overview of IFRS standards and helps grasp the differences with Local rules. It is designed for both specialists and generalists in financial roles looking to gain an understanding of the IFRS standards necessary for handling routine operations. Numerous quizzes and practical exercises illustrate these main standards and develop the right reflexes for operational implementation.
Learning Objectives
Identify the normative framework for the preparation and presentation of financial statements.
Explain the evaluation and accounting rules for assets and liabilities in IFRS and their differences from Local standards.
Specify the evaluation and accounting rules for income and expenses in IFRS.
Indicate the specificities of consolidation in IFRS.
Training Program
Identifying the Normative Framework for the Preparation and Presentation of Financial Statements:
Explaining the IFRS normative framework.
Sharing insights with participants on the IFRS normative framework.
Analyzing the Content and Presentation of Financial Statements in IFRS:
Understanding the form and content of financial statements in IFRS.
Exploring evaluation methods in IFRS and the fair value principle.
Explaining the Evaluation and Accounting Rules for Assets and Liabilities in IFRS:
Identifying rules applicable to non-financial assets in IFRS.
Understanding rules applicable to non-financial liabilities in IFRS.
Indicating the Rules Relating to Financial Instruments in IFRS:
Defining, classifying, and evaluating financial assets and liabilities.
Providing information on financial instruments.
Specifying the Evaluation and Accounting Rules for Income and Expenses in IFRS:
Handling revenue recognition (IFRS 15).
Dealing with expenses in IFRS, including lease contracts (IFRS 16).
Dealing with Deferred Taxes:
Systematic accounting of deferred taxes.
Exceptions and the case of deferred tax assets.
Indicating the Specificities of Consolidation in IFRS:
Defining the scope and consolidation methods.
Handling business combinations.
Highlighting differences from Local standards.
Transfer: The training continues in the participant's space for accessing resources, self-assessing acquired skills, and facilitating implementation of acquired knowledge in their professional context.
Key Points
Numerous summarized sheets of the main standards.
Concise presentation of differences between IFRS standards and local GAAP.
Who Should Attend This Training
Financial Accountants
Controllers
Certified Accountants
Auditors
Audit Managers
Accounting and Financial Function Staff in subsidiaries of groups applying IFRS
Anyone wishing to familiarize themselves with IFRS standards.
Prerequisities
Good knowledge of accounting (Local rules) or equivalent to the "Year-end Closing of Annual Accounts: Implementation and Examination of Accounting Difficulties" training.
Teaching Methods
Structured training program focused on knowledge transfer, Operational skills acquisition through practice and experimentation, Collaborative learning during synchronous moments, Multi-stage learning path for engagement, learning, and transfer, Training promoting participant engagement for better knowledge retention.
Satisfaction and Evaluation
Competence assessment conducted throughout the training by participants themselves (self-assessment) and/or the trainer, Online training evaluation in the participant's space: Immediately after the training to measure satisfaction and perceived competence evolution, With participant agreement, overall rating and feedback will be published on the website via Verified Reviews., 60 days after the training to validate knowledge transfer in the workplace, Attendance monitoring and issuance of an individual training certificate or completion certificate.
LONDON
128 City Road, EC1V 2NX London
PARIS
38 Rue Boulard, 75014, Paris