Dates: 21-25th August, 18-22nd September and 23-27th October 2023 Location: London, UK Cost: £5000
Including: Pick up and return back to the airport, 5 days meeting rooms, training
& workshops and material booklet. To enquire:
Email: enjy@caclo.co.uk Tel: 00447706008878 -----------------------------------------
Introduction:
The global convergence of International Financial Reporting Standards (IFRS) is rapidly gaining momentum for the preparation of financial statements, encompassing both large corporations and medium-sized companies. The adoption of IFRS is expanding each year as more countries implement these standards. As a result of the widespread acceptance of IFRS, there is an increasing demand for financial professionals who possess not only a solid foundation but also a comprehensive understanding of its intricacies. Given that the IFRS landscape is constantly evolving, professionals are required to stay updated and informed.
About The Conference:
This comprehensive 5-day program offers an up-to-date overview of IFRS reporting requirements, presenting the standards from a practical, technical, and commercial perspective. Real-life company challenges will be examined, and participants will have the opportunity to explore various commercial concepts through the use of Excel models, which will be provided as valuable take-away resources. The conference aims to enhance participants' knowledge and skills in comprehending and applying accounting standards and the theoretical framework in the preparation of financial statements for entities, including groups. It will also cover the analysis and interpretation of these financial statements. Complex International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) will be explored in detail. By completing this course, participants will gain a broader and deeper understanding of accounting and financial reporting, equipping them to tackle the challenges they may encounter in the dynamic world of finance.
Objectives:
Upon completion, you will achieve the following learning outcomes: • Gain a comprehensive understanding of the IFRS standards through practical explanations and illustrative examples. • Acquire knowledge of how financial statement consolidation is carried out using the principles of IFRS 10. • Familiarise yourself with the new Revenue standard (IFRS 15) and comprehend its application in financial reporting. • Receive the actual IAS and IFRS standards utilised in the course, allowing you to engage in further reading and review while the instructor elucidates the concepts.
Target Audience:
The following professionals can benefit from the International Financial Reporting Standards (IFRS) conference: • Professionals involved in financial analysis. • Individuals working in accounting roles. • Managers responsible for portfolio management • Analysts specialising in securities. • Experts in credit and investment analysis • Managers overseeing pension funds. • Auditing professionals
Introduction to IFRS: • Overview of IFRSs • Concise historical background of IFRSs • Conceptual Framework in IFRS
Content of IFRS Financial Statements: • Presentation of financial statements according to IAS 1 • Understanding the Statement of Cash Flows (IAS 7) • Accounting policies, changes in accounting estimates, and errors (IAS 8) • Handling discontinued operations (IFRS 5) • Events occurring after the reporting period (IAS 10) • Insights into operating segments (IFRS 8) • Disclosures on related parties (IAS 24) • Interim financial reporting (IAS 34) • Value measurement according to IFRS 13
