Applying IFRS Techniques for Organizational Growth and Sustainability Virtual Course

  • Time

    10:00am - 3:00pm

  • End Date

    06 Jun, 2022 - 08 Jun, 2022

  • Price

    ₦175,000

Event Details

  • The role of the International Accounting Standards Board (IASB) in setting international accounting standards.
  • The element of equity in financial statements, its various components and the accounting for transactions that give rise to these components.
  • Accounting requirements for IFRS 13 Fair Value Measurement.
  • Accounting requirements for IFRS 15 Revenue from Contracts with Customers.
  • Accounting requirements for IAS 37 Provisions, Contingent Liabilities, and Contingent Assets.
  • How to present a statement of cash flows in accordance with IAS 7 Statement of Cash Flows.
  • Accounting requirements for IFRS 8 Operating Segments.
  • Accounting requirements for IAS 24 Related Party Disclosures.
  • Accounting requirements for IAS 33 Earnings per Share.
  • The accounting standards governing the preparation of consolidated financial statements – IFRS 10 Consolidated Financial Statements and IFRS 3 Business Combinations.
  • The preparation of consolidated financial statements.
  • Accounting requirements for IAS 21 the Effects of Changes in Foreign Exchange Rates.

 

CONTENT

Conceptual Framework

  • The International Accounting Standards Board (IASB)
  • The purpose of a conceptual framework
  • Qualitative characteristics of useful financial information
  • Going concern assumption
  • Definition, recognition and measurement of the elements of financial statements
  • Concepts of capital
  • Future developments

 

Elements:

  • Owners’ equity: share capital and reserves
  • Fair value measurement
  • Revenue from contracts with customers
  • Provisions, contingent liabilities and contingent assets
  • Income taxes
  • Financial instruments
  • Share-based payment

 

Elements:

  • Inventories
  • Employee benefits
  • Property, plant and equipment
  • Leases
  • Intangible assets
  • Business combinations
  • Impairment of assets

 

Presentation and Disclosures

  • Financial statement and presentation
  • Statement of cash flow
  • Operating segments
  • Other keynotes disclosures

 

Economic Entities

  • Consolidation: controlled entities
  • Consolidation: wholly owned subsidiaries
  • Consolidation: intragroup transactions
  • Consolidation: non-controlling interest
  • Translation of the financial statements of foreign entities

 

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: 6th – 8th June, 2022               

2ND BATCH: 21st – 23rd Nov, 2022  

Other Dates

Start Date End Date
18 Jun, 2019 21 Jun, 2019
Start Date End Date
15 Oct, 2019 18 Oct, 2019
Start Date End Date
19 Feb, 2019 22 Feb, 2019
Start Date End Date
06 Jun, 2022 08 Jun, 2022
Start Date End Date
21 Nov, 2022 23 Nov, 2022

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