2023 - 2024 Training Course Schedule
+254 712 260 031
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International Financial Reporting Standards (IFRS) are a set of accounting standards developed and issued by the International Accounting Standards Board (IASB). These standards provide a common framework for the preparation and presentation of financial statements, ensuring transparency, comparability, and reliability of financial information across different countries and industries.
The IFRS Course is designed to provide participants with a comprehensive understanding of the key principles, concepts, and requirements of IFRS. It aims to equip participants with the knowledge and skills necessary to apply IFRS effectively in practice and stay up to date with the latest developments in international accounting standards.
The course begins with an overview of the importance of IFRS in global financial reporting. Participants will learn about the benefits of adopting a common set of accounting standards, including improved transparency, increased investor confidence, and enhanced comparability of financial statements.
Next, the course delves into the core principles and concepts of IFRS. Participants will explore topics such as the conceptual framework, recognition and measurement of assets, liabilities, income, and expenses, as well as the presentation and disclosure requirements for financial statements. They will gain a deep understanding of the underlying principles that guide the preparation of high-quality financial information.
Furthermore, the course covers specific IFRS standards and their practical application. Participants will study key standards such as IFRS 9 Financial Instruments, IFRS 15 Revenue from Contracts with Customers, and IFRS 16 Leases. They will learn how to apply these standards to various transactions and events, including complex financial instruments, revenue recognition, and lease accounting.
The course also addresses emerging issues and updates in IFRS. Participants will explore current developments and amendments to IFRS standards, as well as the ongoing convergence efforts between IFRS and US Generally Accepted Accounting Principles (GAAP). They will also gain insights into the future direction of IFRS and the potential impact on financial reporting.
Throughout the course, participants will engage in practical exercises, case studies, and discussions to apply the concepts and principles learned. They will have the opportunity to analyze and interpret financial statements prepared in accordance with IFRS, identify potential issues, and make informed judgments.
By the end of the course, participants will have a comprehensive understanding of IFRS and its practical application in financial reporting. They will be equipped with the knowledge and skills to navigate complex accounting standards, prepare accurate and compliant financial statements, and ensure consistency and transparency in financial reporting across international boundaries.
The primary objective of this course is to enhance participants' understanding of IFRS and its practical implementation in financial reporting. By the end of the course, participants should be able to:
By participating in this course, organizations can expect the following benefits:
Who Should Attend:
This course is designed for professionals and practitioners working in finance, accounting, auditing, and related fields, including:
The course will be conducted over a period of 10 days, providing participants with comprehensive coverage of IFRS principles and standards, as well as opportunities for hands-on practice and case studies. The duration can be adjusted based on specific requirements and the level of detail desired.
· All our courses can be Tailor-made to participants' needs
· The participant must be conversant in English
· Presentations are well-guided, practical exercises, web-based tutorials, and group work. Our facilitators are experts with more than 10 years of experience.
· Upon completion of training the participant will be issued with a Foscore development center certificate (FDC-K)
· Training will be done at the Foscore development center (FDC-K) centers. We also offer inhouse and online training on the client schedule
· Course duration is flexible and the contents can be modified to fit any number of days.
· The course fee for onsite training includes facilitation training materials, 2 coffee breaks, a buffet lunch, and a Certificate of successful completion of Training. Participants will be responsible for their own travel expenses and arrangements, airport transfers, visa application dinners, health/accident insurance, and other personal expenses.
· Accommodation, pickup, freight booking, and Visa processing arrangement, are done on request, at discounted prices.
· Tablet and Laptops are provided to participants on request as an add-on cost to the training fee.
· One-year free Consultation and Coaching provided after the course.
· Register as a group of more than two and enjoy a discount of (10% to 50%)
· Payment should be done before commence of the training or as agreed by the parties, to the FOSCORE DEVELOPMENT CENTER account, so as to enable us to prepare better for you.
· For any inquiries reach us at firstname.lastname@example.org or +254712260031