Advanced Application of IFRS Elements

• The element of equity in financial statements, its various components and the accounting for transactions that give rise to these components.
• Accounting requirements for IFRS 13 Fair Value Measurement.
• Accounting requirements for IFRS 15 Revenue from Contracts with Customers.
• Accounting requirements for IAS 37 Provisions, Contingent Liabilities and Contingent Assets.
• Accounting requirements for IAS 12 Income Taxes.
• Accounting requirements for IFRS 9 Financial Instruments.
• Accounting requirements for IAS 32 Financial Instruments: Presentation.
• Accounting requirements for IFRS 7 Financial Instruments: Disclosures.
• Accounting requirements for IFRS 12 Share-based Payment.
• Accounting requirements for IAS 2 Inventories.
• Accounting requirements for IAS 19 Employee Benefits.
• Accounting requirements for IAS 16 Property, Plant and Equipment.
• Accounting requirements for IAS 17 Leases.
• Accounting requirements for IAS 38 Intangible Assets.
• Accounting requirements for IFRS 3 Business Combinations.
• Accounting requirements for IAS 36 Impairment of Assets.

CONTENT

Elements:

• Owners’ equity: share capital and reserves
• Fair value measurement
• Revenue from contracts with customers
• Provisions, contingent liabilities and contingent assets
• Income taxes
• Financial instruments
• Share-based payment

Elements:

• Inventories
• Employee benefits
• Property, plant and equipment
• Leases
• Intangible assets
• Business combinations
• Impairment of assets

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.