IFRS Presentation and Disclosure Requirements

• Apply the IFRS presentation and disclosure requirements to the preparation of fully compliant IFRS financial statements
• Specify the allowed alternatives in presentation of the key elements and demonstrate sound selection decisions in given scenarios
• Explain the merits of different presentation choices from the perspective of the IASB and investors
• Prepare appropriate disclosures, applying the IFRS requirements
• Differentiate between the current presentation and disclosure requirements, those under the new and amended standards and those likely under future IFRS changes

CONTENT

• Understanding IFRS Disclosure and Presentation Requirements
  • IASB's philosophy
  • Level of anticipated user understanding
• Operational Considerations
  • Selecting alternatives
  • Use of checklists
  • Addressing apparent non-compliance
• Financial Statements and Related Disclosures
  • Presentation of financial statements (IAS 1)
  • Cash flow statements (IAS 7)
  • Earnings per share (IAS 33)
  • Policies, accounting errors and changes in estimates (IAS 8)
  • Discontinued operations & non-current assets held for sale (IFRS 5)
  • Events after the reporting period (IAS 10)
  • Related party disclosures (IAS 24)
  • Operating segments (IFRS 8)
  • Interim financial reporting (IAS 34), including IFRIC 10
  • Revenue from contracts with customers (IFRS15)
  • Government grants (IAS 20)
• Assets and Liabilities
  • Property, plant & equipment (IAS 16)
  • Borrowing costs (IAS 23)
  • Intangible assets (IAS 38)
  • Investment property (IAS 40)
  • Impairment of assets (IAS 36)
  • Inventories (IAS 2)
  • Leases (IAS 17 including SIC-27 and IFRIC 4)
  • Employee benefits (IAS 19)
  • Provisions (IAS 37)
  • Share-based payment (IFRS 2)
  • Financial assets and liabilities (IAS 32)
  • Financial instruments: disclosures (IFRS 7)
• Income Taxes
  • Income taxes (IAS 12)
• Foreign Currency Issues
  • Effects of changes in foreign exchange rates (IAS 21)
• Business Combinations and Consolidations
  • Business combinations (IFRS 3)
  • Disclosure of interests in other entities (IFRS 12)
• Fair Value Measurement (IFRS 13)
• Transitioning to IFRSs
  • First-time adoption of IFRS (IFRS 1)
• Future Developments Relating to Presentation and Disclosure
  • Requirements of IFRS 16 Leases

FOR WHOM:

Accountants, Controllers, Managers of Fixed Assets, Divisional and Plant Managers and all Executives involved in Fixed Asset Accounting and Administration.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

DATE:

1ST BATCH:                       17th - 20th Jan, 2023      

2ND BATCH:                     11th - 14th July, 2023