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:

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

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Accounting and finance policies and procedures are the most efficient way to implement company-wide effective internal control tools in any organization. They are part of every business cycle: purchase and payment cycle, inventory and production, HR and payroll, fixed assets and capitalization of costs, and the sales and collection cycle. On top of that, accounting and finance policies and procedures are essential for the board of directors and senior management to communicate limitations and authorities given to different managers and employees throughout the organization. Moreover, their use is also extended to organize financial reporting and compliance with regulators outside the organization.

In this course participants will be encouraged to think of risk-based processes to write and implement operational policies and procedures. They will learn to allocate tasks to different personnel based on proper segregation of duties and to use software to implement the controls efficiently. Also, the course covers sample financial statements prepared according to the International Financial Reporting System (IFRS).

Course Methodology

This course uses explanations by a subject matter expert on how to write policies and procedures and what to include in them. Participants will be asked to write policies and procedures in different business cycles leading to financial reporting as per IFRS.

Course Objectives

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

Target Audience

Professionals in accounting and finance.

Target Competencies

The post Accounting and Finance Policies and Procedures (IFRS) appeared first on Accredited Africa Training Institute for Capacity Development.