International Financial Reporting Standards (IFRS)

The IFRS Training Course is designed to help professionals navigate the global shift toward harmonised financial reporting. As differences between national Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards continue to narrow, more than 100 countries now require or permit IFRS. This International Financial Reporting Standards Course enables participants to understand how these standards reshape financial reporting, improve comparability, and support transparency in an increasingly interconnected business environment.

The course provides a clear and structured overview of the scope, structure, and content of IFRS-compliant financial statements. Participants explore key concepts such as recognition, measurement, and disclosure of financial statement elements, along with transition considerations when moving from GAAP to IFRS. Particular attention is given to disclosures, revenue recognition, fair value measurement, and the impact of convergence projects between the IASB and FASB. This foundation helps participants interpret and apply IFRS in line with current and emerging requirements.

Throughout the International Financial Reporting Standards Course, delegates work through practical examples and case-based discussions that illustrate reconciling and non-reconciling differences between GAAP and IFRS. By the end of the training, participants will understand how IFRS influences financial statement presentation, policy choices, and performance communication, and will be better prepared to support implementation, analysis, and decision-making within organisations adopting or reporting under IFRS.

This IFRS Training Course is designed to build both technical understanding and practical application of International Financial Reporting Standards. Participants gain clarity on the current IFRS landscape, convergence efforts with GAAP, and the implications for financial statement preparation and analysis. The course also equips delegates to support their organisations through transition stages and ongoing compliance.

By the end of this International Financial Reporting Standards Course, participants will be able to:

• Understand current and potential future IFRS requirements, including convergence prospects with GAAP
• Apply IFRS standards when preparing compliant financial statements, including appropriate accounting policies and note disclosures
• Interpret recognition and measurement principles within the IASB’s Framework and relate them to individual standards
• Define and apply the transition process to IFRS, including first-time adoption exemptions and exceptions
• Examine accounting standards that require or permit fair value measurement and assess related recognition and presentation issues

This IFRS Training Course is intended for professionals involved in the preparation, presentation, implementation, or analysis of financial statements prepared under International Financial Reporting Standards. It is particularly valuable for those needing a deeper understanding of IFRS implications on reporting quality, comparability, and financial communication.

This International Financial Reporting Standards Course will greatly benefit:

• Accounting professionals involved in statutory and group reporting
• Financial executives, managers, controllers, and directors
• Auditors responsible for reviewing IFRS-based financial statements
• Financial analysts interpreting IFRS financial information
• Bankers and investment bankers assessing IFRS-reported entities
• Other professionals engaged with IFRS-based financial statement analysis and implementation

This International Financial Reporting Standards Course is delivered in an interactive format designed to maximise understanding, retention, and practical application. Technical IASB requirements are explained in a clear, structured way, supported by examples that connect the standards to real business situations. Participants are encouraged to engage actively with the material to deepen their practical grasp of IFRS.

The IFRS Training Course will utilise:

• Clear explanations of IASB standards, frameworks, and objectives
• Analysis and evaluation of practical case studies and real-life examples
• Guided exercises illustrating recognition, measurement, and disclosure
• Discussions on current and future IFRS developments and convergence issues
• Interactive sessions encouraging questions, interpretation, and application