Accredited Africa Training Institute for Capacity Development

Providing accredited training courses in South Africa
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International Financial Reporting Standards (IFRS)

Why Attend

This course offers a broad introduction to International Financial Reporting Standards (IFRS). The course begins by tracing the history of the International Accounting Standards Board (IASB) from its early roots to the most recent changes and provides updates on future developments. In addition, this course underlines key information, provides useful summaries, and examines specific standards topic-by-topic. It includes case studies that are based on real-life examples, exercises, multiple-choice questions, and sample answers for you to test your knowledge as you progress through the course.

Course Methodology

This preparation course uses a mix of interactive techniques such as brief presentations by the consultant, application of theories, group exercises, case studies, and discussions.

Course Objectives

By the end of the course, participants will be able to:

  • Describe how IFRS is used around the world
  • Explain how the IASB works and how standards are developed
  • Examine the fundamental requirements of IFRS on a standard-by-standard basis
  • Appraise and properly account for transactions affecting current assets and liabilities, non-current assets and liabilities, revenues and expenses in accordance with IFRS
  • Apply professional judgment in applying IFRS for matters relating to non-recurrent business transactions
  • Guide their staff and department on how to use IFRS in practice

Target Audience

If you are a professional accountant or auditor seeking to enhance your international accounting knowledge then this is the qualification for you. You do not need to have any experience or formal qualifications in accounting and auditing to apply for this course.

Target Competencies

  • Understanding financial statement accounts
  • Financial reporting for account balances and transactions
  • Applying IFRS
  • Describing updates and amendments
  • Accounting for assets
  • Accounting for liabilities

Location:

South Africa

Training Dates:

Each course starts every Monday of each week. Please book your training on a date that is a Monday.

Course Duration:

Unit Standard:

NQF Level:

Number of Credits:


Course Fees

Note: Please fill in the online application form on the left or bottom if this page to receive a quotation with detailed pricing from AATICD.

How to Apply:

To Apply Simply Fill in the Online Enquiries / Applications form on the Right Sidebar or Bottom of this website https://www.aaticd.co.za

NB: Terms and Conditions for Payment and Refunds

1.1. Full payment for the training workshop must be made at least 5 days before the scheduled workshop date.

1.2. Payment can be made via bank transfer, credit card, or any other agreed-upon method.

1.3. A confirmation of payment will be issued upon receipt of funds.

1.4. Any form of Payment means that trainee / delegate / client receiving the training accepts the training and agrees to these terms and conditions.

2. Cancellation and Refund Policy

2.1. Cancellations made 30 days or more before the workshop date will be eligible for a full refund, minus any administrative fees.

2.2. Cancellations made 15 to 29 days before the workshop date will be eligible for a 50% refund of the total payment.

2.3. Cancellations made less than 14 days before the workshop date will not be eligible for a refund.

2.4. Participants who fail to attend the workshop without prior notice will not be eligible for a refund.

3. Rescheduling

3.1. If a participant wishes to reschedule, a request must be submitted at least 14 days in advance, subject to availability.

3.2. A rescheduling fee may apply.

4. Workshop Cancellation by the Organizer

4.1. AATICD reserves the right to cancel or reschedule the workshop due to unforeseen circumstances, including but not limited to low enrolment, trainer unavailability, or force majeure events.

4.2. In the event of cancellation by AATICD, participants will be offered a full refund or the option to attend a rescheduled session.

4.3. AATICD is not responsible for any additional costs incurred by participants, such as travel or accommodation expenses.

5. Refund Processing

5.1. Approved refunds will be processed within 7 business days from the date of cancellation approval.

5.2. Refunds will be issued using the original payment method unless otherwise agreed.

6. Contact Information

For any questions regarding payments and refunds, please contact us at:

Email: apply@aaticd.co.za

Phone: +27 73 016 5042

By registering for the workshop, participants agree to abide by these terms and conditions.

In-House Trainings are also available for 3 or more delegates for any duration. Please consult with our Administration for such In-House training bookings.


Course Outline

  • The nature and operations of the International Accounting Standards Board (IASB)
    • The origins of the IASB
    • The structure of the IFRS Foundation
    • IAS and IFRSs that are currently an issue
    • The conceptual framework for financial reporting
  • The status and use of IFRSs around the world
    • A brief summary of the adoption of IFRS in different jurisdictions
    • The growth of IASB and IFRS standards
    • IFRS standards and small and medium-sized entities
  • Presentation and profit
    • IAS 1, presentation of financial statements
    • IFRS 15, revenue from contracts with customers
    • IAS 8, accounting policies, changes in accounting estimates and errors
  • Accounting for assets and liabilities – part 1
    • IAS 16, property, plant and equipment
    • IAS 38, intangible assets
    • IAS 40, investment property
    • IAS 36, impairment of assets
    • IAS 23, borrowing costs
    • IAS 20, accounting for government grants and disclosure of government assistance
    • IAS 2, inventories
    • IFRS 16, leases
    • IFRS 5, non-current assets held for sale and discontinued operations
  • Accounting for assets and liabilities – part 2
    • IFRS 13, fair value measurement
    • IFRS 32, financial instruments – presentation
    • IFRS 9, financial instruments
    • IFRS 7, financial instruments: disclosures
    • IAS 37, provisions, contingent liabilities and contingent assets
    • IAS 10, events after the reporting period
    • IAS 19, employee benefits
    • IAS 12, income taxes
    • IFRS 2, share-based payment
    • IAS 41, agriculture
    • IFRS 6, exploration for and evaluation of mineral resources
  • Group accounting
    • IFRS 10, consolidated financial statements
    • IAS 27 (revised 2011), separate financial statements
    • IFRS 3, business combinations
    • IAS 28 (revised 2011), investments in associates and joint ventures
    • IFRS 11, joint arrangements
    • IFRS 12, disclosure of interests in other entities
    • IAS 21, the effects of changes in foreign exchange rates
    • IAS 29, financial reporting in hyperinflationary economies
  • Disclosure standards
    • IAS 7, statement of cash flows
    • IAS 24, related party disclosures
    • IAS 33, earnings per share
    • IAS 34, interim financial reporting
    • IFRS 4, insurance contracts
    • IFRS 1, first-time adoption of IFRS
    • IFRS 8, operating segments
    • Principal differences between UK/US GAAP and IFRS
    • Current issues in IFRS standards

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