What are International Financial Reporting Standards IFRS?

International Financial Reporting Standards IFRS are a set of accounting standards issued by the International Accounting Standards Board IASB. They establish common rules for how financial transactions and events are recognised, measured, presented, and disclosed in financial statements. IFRS is required or permitted in over 140 jurisdictions globally, including the European Union, the United Kingdom, and many countries across Asia, Africa, and the Americas, making it the dominant global financial reporting framework used by financial and non-financial institutions alike.

Which IFRS standards does Shasat provide training on?

Shasat provides training on the complete suite of IFRS and IAS standards issued by the IASB, including IFRS 9 Financial Instruments, IFRS 15 Revenue from Contracts with Customers, IFRS 16 Leases, IFRS 17 Insurance Contracts, IFRS 18 Presentation and Disclosure in Financial Statements, and IFRS 19 Subsidiaries without Public Accountability. Training also covers the IFRS Conceptual Framework, individual IAS standards, IFRIC interpretations, and IASB exposure drafts. Specialist workshops address technically demanding areas including expected credit loss modelling and actuarial measurement under IFRS 17.

Who needs IFRS training?

IFRS training is relevant for any organisation preparing, auditing, or relying on IFRS-compliant financial statements. This includes finance, accounting, and audit professionals at financial institutions such as banks, insurers, and asset managers, as well as non-financial institutions across energy, manufacturing, real estate, technology, and retail sectors. IFRS also affects regulators, investors, financial analysts, and professional services firms that interpret or rely on IFRS financial statements for decision-making.

How does Shasat keep IFRS training current with IASB developments?

Shasat continuously updates course content to reflect current IASB board decisions, newly issued or amended standards, IFRIC Interpretations Committee agenda decisions, and active IASB exposure drafts and discussion papers. This includes coverage of recent developments such as IFRS 18 replacing IAS 1, IFRS 19 for eligible subsidiaries, and amendments to IFRS 9 and IFRS 7 affecting financial instrument classification and measurement.

Is IFRS training available online and in-house globally?

Yes. Shasat delivers IFRS training in-person across major global business hubs, online for participants in any time zone, and as bespoke in-house programmes tailored to an organisation's specific IFRS reporting requirements and industry sector. All delivery formats provide the same technical depth and are accredited for continuing professional development.