Updated International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS)

Details

This course offers an in-depth study of the recently amended IAS and IFRS, focusing on their implications on financial reporting and the overall impact on businesses. It covers detailed exploration of the specific standards, changes brought by the amendments, and how to incorporate these into current accounting practices. The training aims to equip professionals with the knowledge to maintain compliance with international accounting and reporting standards.

Target Group

The target group for this course includes finance and accounting professionals across various sectors who are involved in the preparation, auditing, or analysis of financial statements and need to stay updated with the latest changes in international accounting and reporting standards. This course is designed for:

• Accountants
• Financial Managers
• Auditors
• Finance Consultants
• Anyone involved in the preparation or analysis of financial statements

Goals

• Understand and explain the latest amendments to IAS and IFRS.
• Apply the updated IAS and IFRS in preparing financial statements.
• Analyze the impact of these amendments on financial reporting.
• Develop strategies to ensure compliance with the updated IAS and IFRS.
• Understand the rationale behind these amendments and their implications for future practice.
• Adapt current accounting practices to incorporate these changes.

Target Competencies

• Knowledge of IAS and IFRS.
• Financial Reporting and Analysis.
• Compliance with International Accounting Standards.
• Adaptability to Changes in Accounting Standards.
• Strategic Financial Planning and Decision Making.

Outlines

Overview of IAS and IFRS

• Understanding the role and importance of IAS and IFRS.
• An overview of the specific standards under IAS and IFRS.
• The process of amendment and the role of the International Accounting Standards Board (IASB).
• The impact of IAS and IFRS on global financial reporting.

Detailed Analysis of the Latest Amendments

• In-depth study of each amendment to IAS and IFRS.
• Comparing the changes brought by the amendments with previous standards.
• Case studies to illustrate the practical application of amendments.