Format
This course will be delivered over two half-days via Zoom on 19 and 20
November 2024 from 9.30am to 12.30pm. The Zoom link will be emailed to
participants the day before the course is due to take place.
This course will follow the Virtual Classroom format and encompass two, three-hour sessions. The online interactive live sessions will utilise the functionality of our online learning platform and will be an engaging, collaborative manner of learning. This session will not be recorded, and therefore attendance is required.
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
statement
- 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, FRS 102 and US
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.
- 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 bio
Chris Nobes is Professor of Accounting at
Royal Holloway (University of London). He was a member of the Accounting
Standards Committee of the UK and Ireland, and 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. He won the 'Distinguished Academic Award' of the British Accounting and
Finance Association in 2015.
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
This course is also available for in-house training. If you're interested, please contact our team
here or call us at (+353) 01 523 3989
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