Why Attend
Business transactions are becoming more complex. Accounting professionals need to be constantly aware of the impact of those transactions on the entity’s financial statements and adequately account for such transactions.
The 'Certificate in International Financial Reporting Standards (IFRS)' course is the second level of the IFRS and 2024 Updates course. We will discuss more advanced topics in IFRS related to investment accounting, financial instruments, business combinations, and consolidation.
Course Methodology
The course uses interactive techniques, such as brief presentations by the consultant, the application of different theories, and group exercises, to exchange experience and the knowledge acquired throughout the course.
Course Objectives
By the end of the course, participants will be able to:
- Identify the components of comprehensive income and other comprehensive income
- Properly account for income taxes and determine current vs. deferent taxes
- Classify the various type of investments according to IFRS 9
- Determine the concepts of control and power and consolidate a set of financial statements
- Define the term significant influence and apply the equity method
- Apply the required steps in business combination and account for goodwill
Target Audience
Professionals in finance and accounting and those seeking to take their IFRS knowledge to a higher level.
Target Competencies
- Calculating total comprehensive income
- Presenting income tax transactions
- Accounting for financial assets
- Applying the equity method
- Consolidating financial statements
- Measuring goodwill
