IFRS: Updates & Practical Application
Overview
IFRS keeps evolving, and applying it correctly requires judgement. This course reviews key IFRS standards and recent changes, with practical examples on revenue, leases, financial instruments, impairment, provisions and presentation, helping accountants apply the standards consistently.
Who should attend
Accountants, financial controllers, auditors, and financial reporting staff.
Training methodology
Interactive presentations, practical exercises, case studies, group discussions, role-plays where relevant, and a personal action plan that participants apply in their own work.
Objectives
By the end of this course, participants will be able to:
- Understand recent IFRS changes and their impact
- Apply IFRS 15 to revenue recognition
- Apply IFRS 16 to leases
- Account for financial instruments and impairment
- Prepare compliant disclosures
Course outline
Day 1IFRS Framework and Updates
- Conceptual framework
- Recent amendments
- New standards
- Presentation of financial statements
- Discussion
Day 2Revenue
- The five-step model
- Performance obligations
- Variable consideration
- Contract costs
- Worked examples
Day 3Leases
- Lease identification
- Lessee accounting
- Lessor accounting
- Modifications
- Worked examples
Day 4Financial Instruments
- Classification and measurement
- Expected credit losses
- Hedge accounting basics
- Fair value measurement
- Worked examples
Day 5Other Key Areas
- Impairment of assets
- Provisions and contingencies
- Income taxes
- Disclosures
- Case study
