IFRS Standards and Reporting Training Course

The IFRS Standards and Reporting Training Course is a specialized professional program designed to provide participants with a comprehensive understanding of International Financial Reporting Standards and their practical application in corporate financial statements. Offered by Geneve Institute of Business Management, this course emphasizes the principles, structure, and methodology required to prepare financial reports that comply with global accounting standards. Participants will gain insight into how IFRS promotes transparency, comparability, and accountability in financial reporting across industries and jurisdictions. The course also explores the conceptual framework underpinning IFRS, highlighting the importance of accurate recognition, measurement, and presentation of financial information. This training is intended for finance professionals seeking to enhance their knowledge of international accounting standards and strengthen their ability to produce reliable, standard-compliant financial reports.

Target Group

• Accounting and finance professionals responsible for preparing, analyzing, or reviewing financial statements under IFRS.

• Financial controllers, auditors, and regulatory compliance staff who require an in-depth understanding of IFRS requirements.

• Managers and executives who need to interpret and utilize IFRS-compliant financial information for decision-making.

• Professionals transitioning from local accounting frameworks to international standards for reporting purposes.

• Consultants and advisors providing guidance on accounting policies, reporting practices, and financial disclosures.

• Graduate students and early-career finance professionals aiming to build a strong foundation in IFRS principles.

Objectives

• To provide participants with a thorough understanding of the IFRS conceptual framework and its application in financial reporting.

• To enhance the ability to recognize, measure, and present assets, liabilities, equity, revenues, and expenses in accordance with IFRS standards.

• To strengthen understanding of the reporting requirements for consolidated and separate financial statements.

• To improve knowledge of disclosure requirements and presentation principles under IFRS.

• To support consistent interpretation and application of IFRS standards across various industries and organizational contexts.

• To promote accurate, transparent, and accountable financial reporting in compliance with international regulations.

Course Outline

Introduction to IFRS and the Conceptual Framework

• Overview of IFRS

  • History, purpose, and global adoption of International Financial Reporting Standards.

  • Benefits and challenges of implementing IFRS in corporate reporting.

  • Role of IFRS in enhancing comparability and transparency in financial statements.

• Conceptual Framework

  • Objectives and qualitative characteristics of financial reporting.

  • Definitions of assets, liabilities, equity, income, and expenses.

  • Recognition, measurement, and presentation principles in financial statements.

IFRS Reporting for Assets

• Property, Plant, and Equipment

  • Recognition and measurement of tangible fixed assets under IFRS.

  • Depreciation, impairment, and revaluation approaches.

  • Disclosure requirements in financial statements.

• Intangible Assets and Investment Property

  • Accounting treatment for patents, trademarks, and goodwill.

  • Measurement and impairment considerations for intangible assets.

  • Reporting requirements for investment properties under IFRS.

IFRS Reporting for Liabilities and Equity

• Financial Liabilities

  • Recognition, measurement, and presentation of loans, bonds, and payables.

  • Distinction between current and non-current liabilities.

  • Disclosure requirements and fair value considerations.

• Equity and Provisions

  • Accounting for share capital, retained earnings, and reserves.

  • Recognition and measurement of provisions, contingent liabilities, and commitments.

  • Presentation and disclosure requirements for equity transactions.

IFRS Reporting for Revenue and Expenses

• Revenue Recognition

  • Principles of revenue recognition under IFRS 15.

  • Timing and measurement of revenue from contracts with customers.

  • Disclosure requirements for revenue streams and performance obligations.

• Expenses and Financial Instruments

  • Treatment of operating, financing, and extraordinary expenses.

  • Accounting for financial instruments, derivatives, and hedging under IFRS 9.

  • Reporting and disclosure of gains, losses, and fair value adjustments.

Consolidation, Presentation, and Disclosures

• Consolidated Financial Statements

  • Principles of control and consolidation of subsidiaries.

  • Recognition of non-controlling interests and adjustments for group reporting.

  • Presentation of consolidated financial results in compliance with IFRS.

• Presentation and Disclosure Requirements

  • Structuring financial statements according to IFRS presentation standards.

  • Key notes and disclosures for transparency and comparability.

  • Ensuring compliance with IFRS reporting regulations and professional standards.