IFRS Core Standards, including comparisons with US GAAP and Irish GAAP (ROI/NI)

Who should attend

• Accountants and controllers working in Irish companies who prepare financial statements for a group or for individual companies under IFRS.
• Accountants and controllers working in Irish companies with parent companies in the EU or elsewhere which prepare consolidated IFRS statements
• Analysts or fund managers who use IFRS annual reports.
• Auditors of the above companies.

Course overview

• Practical guidance on how to read and apply international standards.
• Key issues in the presentation of the Statement of Financial Position, Income Statement, OCI, Statement of Changes in Equity, and Statement of Cash Flow.
• Revenue recognition under the international standard (IFRS 15).
• Recognition and measurement of tangible and intangible assets, including lease accounting under the international 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

• 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.
• Obtain detailed practical knowledge of the preparation of financial statements under IFRS, including the 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.
• Acquire improved understanding of instructions coming from group controllers in continental Europe or elsewhere.

Speaker

Christopher Nobes PhD, CA, FCCA - Chris is Professor of Accounting at Royal Holloway (University of London). He has held teaching posts in New York and San Diego. He is the author of Financial Reporting in the US, published by the Financial Times. He was one of the two UK representatives on the Board of the International Accounting Standards Committee from 1993 to 2001. He was the 'Outstanding International Accounting Educator' of the American Accounting Association in 2003.

Contact us

If you have any questions regarding this or any other CPD course or requirements, please feel free to contact the team here or call us at (+353) 01 523 3930