The objective of this two-day course is to provide participants with a solid introduction to the International Financial Reporting Standards (IFRSs) incorporated as part of CICA Handbook – Accounting – Part I. IFRSs that are under development at the IASB with expectation for introduction during the next year will also be reviewed. The focus is on the IFRSs that apply to most profit-oriented entities.
Who Will Benefit:
Professional accountants who work in financial reporting and related areas of publicly accountable enterprises or other enterprises applying IFRSs, who are reading financial statements of publicly accountable enterprises and wish to obtain an understanding of the accounting policies adopted. Audit committee members wishing to gain an understanding of IFRSs may also find this to be a useful course.
Awareness of the foundation of IFRSs
Basic understanding of the content each of the IFRSs covered followed by a comparison to CICA Handbook – Accounting – Part II
Examples are incorporated for participants to identify application issues
Overview of IFRS
Financial statement presentation and accounting policies
Property plant and equipment
Intangible assets and fair value measurement
Impairment of assets
Strategic investments and separate financial statements