International Financial Reporting Standards

This intensive training course covering the International Financial Reporting Standards (IFRS) is designed to enable delegates to understand the role and purpose of IFRS while explaining the scope of IFRS adoption and migration strategies.

Suitability: Who Should Attend?

This training course is aimed at finance professionals in centralised finance functions or line functions who seek to enhance their professional education as they take on more management responsibilities.

Aims of the course

Upon completion of the training, participants will be able to effectively engage with key stakeholders and ensure their audit teams are prepared. They will be equipped to understand and leverage the organisational benefits of IFRS.

Training course content

The course is designed to cover the following modules and units:

Key Principles of IFRS

• The background and development of IFRS
• Underlying financial principles within IFRS
• Disclosure and transparency aspects

Effective IFRS Implementation

• The strategic planning process roadmap
• Mapping regional standards to IFRS: GAP Analysis
• Resource planning
• Strategy sense checks

Effective IFRS Migration - Critical Success Factors

• Critical success factors in implementing IFRS
• Support and clarification from IFRS/IAS
• Effective project management
• Auditor training and charter development

Continuous Improvement

• Investment leverage strategies
• Engaging key stakeholders: senior team, marketing, audit, and treasury
• Developing a unified organisational approach