Training on International Financial Reporting Standards (IFRS)
Course Overview
International Financial Reporting Standards (IFRS) provide a globally recognized framework for financial reporting, ensuring transparency, comparability, and consistency across jurisdictions. Non-compliance or misapplication of IFRS can result in inaccurate financial statements, regulatory penalties, and reduced stakeholder confidence. Financial professionals must understand IFRS principles to prepare reliable reports and support informed decision-making in multinational operations.
This 5-day course equips participants with practical knowledge of IFRS principles, including recognition, measurement, presentation, and disclosure requirements. Participants will explore key standards such as revenue recognition, leases, financial instruments, consolidation, and fair value measurement. The course also covers recent IFRS updates, transition strategies, and sector-specific applications.
Through case studies, exercises, and real-world examples, participants will learn to apply IFRS standards effectively, analyze financial statements, reconcile differences with local GAAP, and ensure compliance in global reporting contexts. Emphasis is placed on practical application, problem-solving, and enhancing financial reporting accuracy for international operations.
By the end of the program, learners will be able to apply IFRS confidently, prepare compliant financial statements, interpret international accounting standards, and support global business reporting requirements.
Duration
5 Days
Who Should Attend
Financial managers and analysts
Accountants and auditors
Finance professionals in multinational corporations
Financial consultants and advisors
Professionals involved in preparing or analyzing financial statements
Course Impact
Organizational Impact
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The organization will improve its financial reporting and governance, ensuring compliance with global accounting standards and reducing the risk of regulatory penalties.
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This training will lead to enhanced credibility and investor confidence by providing transparent and comparable financial information.
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By fostering a culture of professional and ethical financial management, the organization can enhance its reputation and credibility in the international marketplace.
Personal Impact
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The participant will gain a valuable and in-demand skill set essential for a modern career in global finance.
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This expertise is a crucial skill for career progression into senior accounting, leadership, or international advisory roles.
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The individual will be able to contribute directly to the global operations and financial integrity of their organization by providing expert guidance on IFRS.
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The training provides the confidence and authority to lead and champion robust and transparent financial practices.
Course Objectives
By the end of this training, participants will be able to:
- Understand the conceptual framework and principles of IFRS.
- Apply IFRS standards to the preparation of financial statements.
- Identify and implement recent updates and changes to IFRS.
- Analyze the impact of IFRS on financial performance and position.
- Address common challenges and issues in IFRS implementation.
Course Outline
Module 1: Introduction to IFRS and Conceptual Framework
- Overview of IFRS and its importance
- The conceptual framework for financial reporting
- Key principles and assumptions in IFRS
- Presentation and disclosure requirements
- Case Study: Analyze a company’s financial statement for IFRS compliance.
- Practical Exercise: Identify reporting issues in sample financial statements and suggest corrections based on IFRS principles.
Module 2: Key IFRS Standards
- IFRS 1: First-time Adoption of IFRS
- IFRS 2: Share-based Payment
- IFRS 3: Business Combinations
- IFRS 5: Non-current Assets Held for Sale and Discontinued Operations
- Case Study: Evaluate a sample acquisition transaction and its treatment under IFRS 3.
- Practical Exercise: Prepare journal entries and disclosure notes for a business combination.
Module 3: Key IFRS Standards
- IFRS 9: Financial Instruments
- IFRS 10: Consolidated Financial Statements
- IFRS 11: Joint Arrangements
- IFRS 12: Disclosure of Interests in Other Entities
- Case Study: Review a group company’s financial statements and assess consolidation and joint arrangement reporting.
- Practical Exercise: Prepare consolidated financial statements for a sample scenario.
Module 4: Revenue and Lease Standards
- IFRS 15: Revenue from Contracts with Customers
- IFRS 16: Leases
- Practical implementation and common challenges
- Solutions and best practices for revenue and lease recognition
- Case Study: Analyze a lease contract and a complex customer contract for correct IFRS treatment.
- Practical Exercise: Prepare revenue recognition schedules and lease accounting entries.
Module 5: Financial Statements and Recent IFRS Updates
- IFRS 13: Fair Value Measurement
- IFRS 16: Leases (revisited)
- Recent updates and amendments to IFRS
- Preparing and presenting IFRS-compliant financial statements
- Case Study: Examine an IFRS financial statement, identify gaps, and suggest amendments.
- Practical Exercise: Draft an IFRS-compliant financial statement for a given scenario, including disclosures.
Prerequisites
Course Administration and Investment
Whether you join us in a physical boardroom or through our virtual campus, we’ve designed every administrative detail for a seamless, professional experience.
Our fees are all inclusive during course hours.
- Covered: High level tuition, comprehensive materials (digital + physical), mid morning and afternoon refreshments, a full executive lunch, and any scheduled study visits or site tours.
- Not covered: Travel, visa fees, medical/travel insurance, personal expenses, and accommodation.
From registration to the classroom, we keep things clear and efficient.
- Registration: Find your preferred schedule, click “Register,” complete the form, and submit. Need help? Talk to us directly.
- Pre Course Assessment: After registering, you’ll receive a diagnostic survey to help facilitators tailor content to your needs.
- Joining Instructions: Once fees are paid, you’ll receive a Delegate Welcome Pack at least 7 days before the start date (venue maps, virtual access links, and pre reading materials).
We provide premium environments optimized for adult learning and networking.
- Physical Venues: Premium 4 star and 5 star executive boardrooms across our global host cities, with high tier catering.
- Virtual Instructor Led Training (VILT): High definition, interactive platforms featuring breakout rooms, digital whiteboards, and live technical support.
- NITA and Regulatory Compliance: Administrative processes align with national training authorities.
You’ll leave with tools that extend the course value far beyond the final day.
- ForElite Learner Kit: A physical or digital course manual, proprietary templates, and a curated toolkit of industry standard SOPs.
- On Site / In App Support: Dedicated course coordinators handle technical, dietary, or logistical inquiries in real time.
We validate your commitment to excellence with internationally recognized credentials.
- Attendance Tracking: Rigorous daily logging to meet corporate and regulatory accreditation requirements.
- Verifiable Credentials: Upon successful completion, you receive a certificate of course completion.
Our relationship with you doesn’t end when the course closes.
- Feedback & ROI Reporting: Detailed post course evaluations to give sponsors clear insight into training impact.
- Alumni Network Access: Every delegate joins the ForElite Alumni Network for ongoing peer to peer learning and exclusive webinars.
When is the next intake?
UpdatedWe offer customized training solutions tailored to your organization's specific needs (location, dates, content and team size).
Talk to us and we’ll guide you on the best schedule and format for your team.
Training Methodology
We turn knowledge into results. Using our P.E.A.K. Framework (Prepare, Engage, Apply, Know), every participant leaves with practical skills they can use immediately.
Proven Impact
In the last 12 months, over 1,200 professionals have applied the P.E.A.K. Framework to reduce onboarding time by an average of 30% and accelerate project delivery across 14 industries.
The outcome: Participants don’t just learn. They gain the tools, confidence, and strategy to drive measurable impact.
Tailor-Made Training and Customization
Off-the-shelf solutions rarely fit perfectly. At ForElite Training Institute, we built our Tailor-Made Training (TMT) service to embed our expertise directly into your unique strategy, culture, and operations.
We replace generic examples with scenarios from your sector (e.g., public sector, NGOs, financial services, or logistics).
Choose a format that fits your operations: intensive 3 day bootcamps or weekly sessions that minimize work disruption.
We teach directly from your actual templates, brand guidelines, or financial reports.
Host your bespoke training in any of our 21+ global cities, or we'll send facilitators to your office anywhere in the world.
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ForElite Training Institute is a global institutional capacity-building and EdTech partner that empowers organizations and professionals with transformative, high-impact learning.