Location

Community Services & Continuing Education - Cairo

Objectives

• This comprehensive accounting standards training course will enable each participant to appreciate and understand the basics and certain complexities associated with International Accounting Standards (IFRS) along with topic terminology, concepts and applications.In gaining a perspective of the origins of IFRS, the accomplishments, to date, in the development and acceptance of global accounting standards and insights into the foreseeable future, participants will gain a valuable understanding of this critical field of knowledge and be capable of contributing meaningful assistance to their respective organizations with respect to the adoption and utilization of these accounting standards.

Outcomes

Have a good working knowledge of the most important IFRS standards so you know which principles are relevant and important to your businessHow to move from GAAP to IFRSHave a sound understanding of the issues surrounding how these standards are applied in practice so you can apply them to your own businessClearly understand the reasons for the move across most of the world to IFRS and the countries that have adopted IFRS in the recent past and those that will adopt in the futureIFRS principles touching on the following business areas are discussed:Presentation IssuesAssets & LiabilitiesPensionsShare Based PaymentsTaxationAccounting for GroupsFirst Time Adoption of IFRSand More

Course Contents

The basic concepts of accounting and financial reporting disclosures and varying reconciling and non-reconciling differences between GAAP and IFRSThe scope, structure, contents and components of IFRS compliant financial statements, including underlying assumptions and related footnotes disclosuresMeasurement and recognition of the various elements of international accounting principles and standards, including transition concernsRevenue recognition and financial reporting requirements