IFRS Core Standards- Virtual Classroom

Summary

This course explains the main content of IFRS for accountants in Ireland. It contains practical guidance on understanding the rules and on preparing financial statements

This course will be delivered over two half days via Zoom. 30th June and 1st of July 2020, 9:30 - 12:30pm

Venue details:  
Virtual Classroom, ,
Start date & time:  
30 June 2020 09:30
End date & time:  
01 July 2020 12:30
Price:  
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
8.00
CPD hours:  
8.00
Speaker details
First nameLast name
Chris Nobes

Description

Product type:  
CPD online course
Category:  
Audit and assurance, Financial reporting

Who Should Attend?

This course is suitable for accountants and controllers working in Irish companies who prepare financial statements for the group or for individual companies under IFRS. It is also suitable for accountants and controllers working in Irish companies with parent companies in the EU or elsewhere which prepare consolidated IFRS statements, as well as analysts or fund managers who use IFRS annual reports. In addition, it is suitable for auditors of the above companies

Course Overview

This course will follow the Virtual Classroom format and will encompass a full day's worth of learning. A number of online interactive live sessions will take place which will focus on collaborative learning and developing context around the subject matter, building on the self-managed learning. The online interactive live sessions will utilise the functionality of our online learning platform and will be an engaging collaborative manner of learning

  • Practical guidance on how to read and apply international standards
  • Key issues in the presentation of the balance sheet, income statement, OCI, statement of changes in equity, and cash flow statement
  • Revenue recognition under international standard (IFRS 15)
  • Recognition and measurement of tangible and intangible assets, including lease accounting under the new standard (IFRS 16)
  • Accounting for financial instruments
  • The main types of liabilities, including employee benefits, provisions and deferred tax
  • Main features of the preparation of consolidated statements under IFRS, including the scope of the group, accounting for joint ventures and the treatment of goodwill
  • Illustrations with real annual reports
  • Summary of important differences between IFRS, US GAAP and Irish GAAP

Key Learning Outcomes

By the end of this course, participants will be able to:
  • Gain an in-depth understanding of the main requirements of IFRS in all key areas, including: presentation of financial statements; revenue; accounting for tangible, intangible and financial assets; employee benefits; deferred tax; and group accounting issues
  • Get detailed practical knowledge of the preparation of financial statements under IFRS, including use of extracts from the standards and examples from real IFRS reports
  • Appreciate the main differences between IFRS requirements and those of Irish GAAP and US GAAP
  • Have improved understanding of instructions coming from group controllers in continental Europe or elsewhere

Speaker Bio's

Christopher Nobes, BA, PhD, CA, FCCA,is Professor of Accounting at Royal Holloway (University of London) and at the University of Sydney. He was one of the two UK representatives on the Board of the Committee from 1993 to 2001. He was the Outstanding International Accounting Educator of the American Accounting Association in 2002, and winner of the Distinguished Academic Award of the British Accounting and Finance Association in 2015