Location

Community Services & Continuing Education - Cairo

Objectives

• Advanced International Financial Reporting Standards (IFRS) have been adopted by more than one hundred countries and are the most widely used financial reporting standards in the world.This advanced training course looks in far more depth at the accounting standards and those that are not covered in more basic programmes. has an introductory programme on IFRS and it is recommended that those attending this programme have either attended the introductory programme or have a good working knowledge of IFRS that covers the basic elements.

Outcomes

Understanding the newly issued standards, along with IASB projects, and how they will impact on the financial statementsUnderstanding the practical implementation of the more complex standardsUnderstanding the disclosure and accounting requirements in financial reporting of a group of companiesUnderstanding practical implications of using IFRS in specific industries

Course Contents

- IFRS Overview and Specific IndustriesOverview of IFRS Principles and ConceptsThe latest on world adoption of IFRSFirst time adoption of IFRSIAS 1 – Presentation of Financial StatementsIAS 8 – Accounting Policies, Changes in Accounting Estimates and ErrorsIAS 18 – RevenueIFRS 6 – Exploration for and evaluation of Mineral ResourceThe “Successful Efforts” (SE) Method or the “Full Cost” (FC) MethodProved Oil and Gas Reserves – disclosures and impact on financial statementsCase Studies- Technical StandardsIAS 12 – Income TaxesIAS 19- Employee BenefitsIAS 33 – Earnings per ShareIAS 34 – Interim Financial ReportingIFRS 5 – Discontinued Operations- Financial InstrumentsIAS 39 – Recognition and MeasurementIFRS 2- Share-based PaymentsIFRS 7 – DisclosuresIFRS 13 – Fair Value Measurement- Group ReportingIAS 28 – Investments in AssociatesIFRS 3 – Business CombinationsIFRS 8 – Segment ReportingIFRS 10 – Consolidated Financial StatementsIFRS 11 – Joint ArrangementsCas