Duration: 2 Days
The programme answers questions such as:
1. What are the timing, transition, recognition, measurement, presentation, and disclosure requirements of IFRS 1?
2. What are the available policy options and their short-term and long-term consequences?
3. How can the costs and benefits of various courses of action be determined?
4. In what ways will systems require modification in order to implement IFRS?
5. What are the most common pitfalls that occur during transition to IFRS and how can they be avoided?
Course Summary
This course is a step by step guide through the technical issues involved in understanding and applying IFRS. The programme topics, presented through the use of live case studies.
Course Benefits
- Apply the complex requirements of IFRS 1
- Understand the available policy options and their short-term and long-term consequences
- Communicate the impact of first-time adoption of IFRS to stakeholders
- Discern the costs and benefits of various courses of action
- Determine the system modifications and other changes that will be required in order to implement IFRS
Teaching Method
- Live group instruction
- Description and explanation of IFRS technical requirements in clear and simple language Identification of the critical issues involved in the transition to IFRS
- Extensive use of case studies, model financial statements and checklists
- All participants receive copies of the presentation slides and other course materials
Course Summary
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