Accounting and Finance Policies and Procedures (IFRS) Training

Learning Outcomes

• Apply the IFRS framework to design and update accounting policies that reflect the organisation's specific transactions and reporting requirements.
• Analyse the key elements of effective finance procedures, including internal controls, authorisation limits, and segregation of duties, to mitigate financial risk.
• Evaluate the impact of IFRS principles on policy decisions, such as revenue recognition, asset valuation, and lease accounting, in the South African context.
• Design a comprehensive policy and procedure document that integrates IFRS requirements with operational workflows and clear accountability.
• Implement a governance structure for policy approval, communication, and periodic review to ensure ongoing compliance and relevance.
• Demonstrate the ability to align finance policies with broader organisational strategies and regulatory expectations, including the Companies Act and tax requirements.

Target Audience

This course is designed for financial managers, accountants, auditors, and finance officers who are responsible for drafting, reviewing, or enforcing accounting policies and procedures within their organisations. It is also suitable for non-financial managers who need to understand the compliance and governance aspects of financial operations.

Prerequisites

None — open enrollment

Course Outline

Practicals

Overview

The practicals are designed to reinforce theoretical knowledge through hands-on application. Learners will work with real-world financial data, prepare journal entries, draft policy documents, and use accounting software to simulate IFRS reporting.

Practical Activities

• Journal Entries and Ledger Posting — Learners will record a series of transactions (revenue, inventory, PPE) in journals and post to ledgers, ensuring IFRS compliance. (4h)
• Preparing Financial Statements — Using a case study, learners will prepare a complete set of financial statements (statement of financial position, profit or loss, changes in equity, cash flows) from an adjusted trial balance. (4h)
• Lease and Financial Instrument Calculations — Learners will calculate lease liabilities and right-of-use assets, and classify financial assets under IFRS 9 using practical examples. (4h)
• Consolidation Exercise — Participants will consolidate financial statements of a parent and subsidiary, including elimination of intra-group transactions and calculation of goodwill. (4h)

Summatives

Each delegate is assessed continuously throughout the course via daily exercises, scored practical assignments, and a final summative test at the end.

Practical Assignments — 30%

Practical assignments are observed and scored against a rubric during the practical sessions. Each delegate's practical mark is averaged into a single 100% score and contributes 30% to the final total.

Daily Exercises — 20%

Every training day ends with a multiple-choice exercise scored out of 100%. The scores from each daily exercise are averaged across the duration of the course to produce a Daily Average mark, which contributes 20% to the final total.

Final Test — 50%

On the last day a final summative test is written. It is a multiple-choice paper with multiple-answer questions: each question may have more than one correct option, and a single wrong selection on a question marks the entire question wrong — no partial credit. The final test is scored out of 100% and contributes 50% to the overall mark.

Final Total

Component	Out of	Weight
Practical Assignments (rubric-scored)	100%	30%
Daily Average (multiple choice)	100%	20%
Final Test (multi-answer multiple choice)	100%	50%
Final Total	—	100%

All marks are recorded on the AATICD LMS and visible to each learner under their account.

Certificate

How it works

• Certificates are auto-generated on the AATICD LMS as soon as the marks pass the 50% threshold.
• Each certificate is a branded PDF with the delegate's name, the course title, the unit standard ID, NQF level, credits, and the date of issue.
• You can download or print your certificate from your LMS dashboard at any time after issue — there's no reissue fee and no expiry date.
• If you scored under 50% you can sit the final test again at the next scheduled session at no extra cost.

Where to find it

Sign in to the LMS, open your dashboard, and your certificates appear under My Certificates. Each entry has a View / Download button and a print option.

Training Discounts

Group discounts apply automatically — the more delegates you enrol, the greater the saving. Discounts are calculated at 3% per 5 delegates, scaling up to 40% off for 100+ delegates.

Delegates	Discount
5	3% off
10	6% off
15	9% off
20	12% off
25	15% off
30	18% off
50	30% off
75	40% off
100	40% off

3% discount per 5 delegates, up to 40% off for 100+ delegates. Contact us for a custom group quote.