Navigating IFRS: From Principles to Practice

Welcome to "Navigating IFRS: From Principles to Practice," a comprehensive two-day workshop designed to provide participants with an in-depth understanding of measurement and recognition principles under key International Financial Reporting Standards (IFRS).

Throughout this workshop, participants will delve into the complexities of applying IFRS standards related to inventories, property, plant, equipment, impairment of assets, intangible assets, provisions, contingent liabilities, investment property, and borrowing costs.

Course Objectives

• Gain a thorough comprehension of the measurement and recognition criteria set out by IFRS.

• Develop practical skills to apply IFRS standards effectively in real-world scenarios.

• Understand the implications of applying different IFRS standards on financial statements.

• Enhance your ability to make informed financial decisions by aligning with global accounting best practices.

Course Outline

• 1. Introduction to Measurement and Recognition Principles in IFRS

• 2. IAS 2: Inventories and Cost Accounting Methods

• 3. IAS 16: Property, Plant, and Equipment Valuation and Depreciation

• 4. IAS 40: Investment Property and Fair Value Measurement

• 5. IAS 36: Impairment of Assets and Impairment Testing

• 6. IAS 38: Intangible Assets and Recognition Criteria

• 7. IAS 37: Provisions, Contingent Liabilities, and Contingent Assets

• 8. IAS 23: Borrowing Costs and Capitalization Criteria

• 9. Case Studies and Practical Application Exercises

Who Should Enroll

• Finance Professionals seeking a detailed understanding of measurement and recognition principles in IFRS.

• Accountants, Auditors, and Financial Analysts aiming to enhance their expertise in applying IFRS standards.

• Managers and Executives responsible for financial decision-making.

• Business Owners and Entrepreneurs looking to align their accounting practices with global standards.