Advanced Financial Accounting

This DIXONTECH course delivers an in-depth understanding of advanced financial accounting principles, focusing on complex transactions, consolidations, foreign currency translation, and financial instruments. Participants will gain practical skills in preparing and analyzing consolidated financial statements, applying IFRS standards, and managing financial reporting for multinational operations. The course emphasizes professional excellence in advanced accounting, compliance, and strategic reporting.

TRAINING TOPICS

• Advanced accounting principles and IFRS compliance
• Consolidation and group accounting
• Foreign currency transactions and translation
• Financial instruments and fair value measurement
• Mergers, acquisitions, and joint ventures
• Reporting and disclosure requirements under IFRS

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

Apply advanced accounting techniques for complex financial reporting.

• Prepare consolidated financial statements under IFRS
• Account for mergers, acquisitions, and group structures
• Handle foreign currency and translation adjustments
• Measure and disclose financial instruments correctly
• Apply fair value and impairment standards effectively
• Manage intercompany eliminations and adjustments
• Ensure compliance with IFRS reporting frameworks

TRAINING IS TAILORED TO

Finance professionals handling complex accounting and reporting functions.

• Financial Accountants and Controllers
• Accounting and Reporting Managers
• Auditors and Compliance Officers
• Finance and Treasury Professionals
• IFRS and Consolidation Specialists
• Senior Financial Analysts
• CFOs and Senior Finance Executives

TRAINING METHODOLOGY

The DIXONTECH methodology combines technical accounting workshops, IFRS-based case studies, and practical exercises. Participants analyze real financial statements, perform consolidation exercises, and apply international standards to advanced accounting scenarios, ensuring comprehensive and hands-on learning.

DAY 1

ADVANCED ACCOUNTING FRAMEWORK AND IFRS OVERVIEW

• Key concepts of advanced financial accounting
• IFRS vs. local GAAP: convergence and differences
• Revenue recognition under IFRS 15
• Lease accounting and IFRS 16 application
• Accounting for provisions, contingencies, and events
• Fair value measurement and disclosure principles
• Case study: applying IFRS updates in reporting

DAY 2

GROUP ACCOUNTING AND CONSOLIDATION PRINCIPLES

• Concept of control and consolidation scope (IFRS 10)
• Steps in preparing consolidated financial statements
• Elimination of intercompany transactions and balances
• Non-controlling interests and goodwill calculation
• Partial and full consolidation methods
• Consolidation adjustments and reconciliation
• Workshop: preparing a group balance sheet

DAY 3

ACCOUNTING FOR BUSINESS COMBINATIONS AND JOINT ARRANGEMENTS

• Acquisition method under IFRS 3
• Identifying and measuring acquired assets and liabilities
• Accounting for goodwill and impairment
• Joint operations and joint ventures (IFRS 11)
• Equity method and proportionate consolidation
• Restructuring and step acquisitions
• Exercise: preparing post-acquisition consolidation entries

DAY 4

FOREIGN CURRENCY TRANSACTIONS AND TRANSLATION

• Overview of IAS 21 and foreign exchange concepts
• Functional vs. presentation currency
• Accounting for exchange gains and losses
• Translation of foreign subsidiaries and branches
• Consolidating foreign operations and exchange differences
• Hedging and risk management techniques
• Case example: foreign currency translation in consolidation

DAY 5

FINANCIAL INSTRUMENTS, DISCLOSURES, AND REPORTING COMPLIANCE

• Classification and measurement of financial instruments (IFRS 9)
• Accounting for derivatives and hedging
• Impairment of financial assets
• Disclosure requirements under IFRS 7
• Segment reporting and related party disclosures
• Preparing complete financial statements for groups
• Capstone project: full IFRS-compliant consolidation report