International Financial Reporting Standards (IFRS)

This DIXONTECH course provides a comprehensive understanding of International Financial Reporting Standards (IFRS) and their practical application in modern financial reporting. Participants will explore the principles, concepts, and requirements of IFRS, focusing on recognition, measurement, presentation, and disclosure of financial information. The course helps professionals align reporting practices with global standards to enhance transparency, comparability, and decision-making quality.

TRAINING TOPICS

• IFRS framework, principles, and standard-setting process
• Presentation of financial statements under IFRS
• Revenue recognition (IFRS 15) and lease accounting (IFRS 16)
• Financial instruments (IFRS 9) and impairment rules
• Consolidation and group accounting (IFRS 10, IAS 28)
• Fair value measurement and disclosures (IFRS 13)

BY THE END OF THIS TRAINING COURSE, DELEGATES WILL BE ABLE TO

• Apply IFRS principles in financial reporting
• Interpret and implement key IFRS standards
• Prepare compliant and transparent financial statements
• Understand recognition and measurement rules
• Manage consolidation and disclosure requirements
• Align reporting with international best practices
• Support transition from local GAAP to IFRS

TRAINING IS TAILORED TO

• Accountants and finance professionals
• Financial controllers and auditors
• Reporting and consolidation specialists
• Corporate treasurers and CFOs
• Investment and risk analysts
• Regulatory and compliance officers

TRAINING METHODOLOGY

The course combines interactive lectures, case studies, group discussions, and IFRS-based financial statement analysis. Participants will review real company examples, practice IFRS adjustments, and perform comparative exercises between IFRS and local GAAP. This practical approach ensures that participants can apply IFRS principles confidently in their organizations.

DAY 1

IFRS FRAMEWORK AND PRESENTATION OF FINANCIAL STATEMENTS

• Introduction to the IFRS conceptual framework
• Objectives and qualitative characteristics of financial reporting
• Recognition and measurement principles
• Structure and content of IFRS-compliant statements
• IFRS vs. local GAAP key differences
• IAS 1: Presentation of financial statements
• IFRS 7: Financial instruments disclosures

DAY 2

REVENUE, LEASES, AND INVENTORY ACCOUNTING

• IFRS 15: Five-step model of revenue recognition
• Identifying performance obligations and transaction price
• Revenue from contracts with customers examples
• IFRS 16: Lease accounting for lessees and lessors
• Measurement and presentation of lease liabilities
• IAS 2: Valuation and cost formulas for inventories
• Practical examples and journal entries

DAY 3

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENT

• IFRS 9: Classification and measurement of financial assets
• Expected credit loss (ECL) model for impairments
• Hedge accounting principles and documentation
• IFRS 13: Fair value hierarchy and disclosures
• IFRS 7: Risk disclosures and sensitivity analysis
• Illustrative examples of fair value application
• Case study: financial instrument reporting

DAY 4

GROUP ACCOUNTING AND CONSOLIDATION

• IFRS 10: Consolidated financial statements principles
• Control, significant influence, and joint arrangements
• IFRS 11: Joint operations and joint ventures
• IAS 28: Accounting for associates and joint ventures
• Elimination of intercompany balances and transactions
• Non-controlling interests and goodwill
• Practical consolidation case using Excel templates

DAY 5

IFRS DISCLOSURES, TRANSITION, AND UPDATES

• IFRS 1: First-time adoption and transition challenges
• Common disclosure requirements and best practices
• IFRS 8: Operating segments and reporting structures
• IAS 36: Impairment of assets and goodwill testing
• Recent and upcoming IFRS amendments
• IFRS compliance audit and review procedures
• Workshop: preparing an IFRS-based financial report