From Beginner to Expert: IFRS Mastery in 12 Days/Online
Welcome to the Mastering IFRS Program, the ultimate immersion workshop that will keep you up-to-date with the latest changes and developments in International Financial Reporting Standards (IFRS). Our program is designed to provide you with a comprehensive understanding of newly issued accounting standards, IFRIC updates, annual improvement projects, and other crucial topics related to IFRS. Led by experienced instructors who have implemented IFRS for large organizations in different jurisdictions, our program combines lecture sessions, problem-solving, and case discussions to reinforce your understanding of the topics.
We believe that staying informed about the latest changes to IFRS is essential for organizations and individuals who produce and use financial statements. Therefore, we provide you with fully up-to-date IFRS material, examples, and group case studies to help you better understand the concepts. By enrolling in our program, you will gain insights into key matters under discussion at the IASB and industry bodies, and understand how recent accounting scandals could impact your annual reports. You will also learn about the IASB’s project timeline, helping you stay ahead of potential changes on the horizon.
In today’s fast-paced and ever-changing business world, being fully up-to-date with IFRS is essential. Join us and equip yourself with the knowledge and skills needed to succeed in the global reporting environment. Don’t miss this opportunity to stay ahead of the curve!
This program offers a unique opportunity for companies to enhance their employees’ knowledge and expertise in International Financial Reporting Standards (IFRS). This program shall offer a bundle of benefits that include the following:
- A single registration in this program would allow a company to enrol up to 5 participants, thus offering a cost-effective and convenient solution to upskill multiple employees.
- Each participant shall receive the course material for self-learning, enabling them to study at their own pace and convenience.
- The program offers 60 hours of Continuing Professional Development (CPD) Certification, which is a valuable credential that signifies the participants’ commitment to professional development.
- Upon successful completion of the program, each participant shall receive a course certificate and a VR photograph, providing tangible proof of their achievement.
- Furthermore, the program offers free entry to our annual IFRS update courses for the next two years (worth GBP 4000), which enables the participants to stay up-to-date with the latest developments in IFRS.
- Lastly, we offer a free career development plan that is tailored to each participant’s individual career goals, helping them to map out a clear path towards career advancement.
We are confident that this program will provide immense value to the companies and their employees, and we look forward to helping them achieve their professional goals.
Key Learning features
The IFRS Masterclass training program is designed to equip participants with the skills and knowledge required to excel in the field of International Financial Reporting Standards (IFRS). Upon completion of the program, participants will be able to:
- Recognize the underlying concepts and principles of IFRS: Participants will gain a deep understanding of the conceptual framework that underpins IFRS, enabling them to apply the principles to a range of scenarios.
- Develop an in-depth understanding of the fundamental principles of IFRS: The program will cover the key principles of IFRS, such as recognition, measurement, and disclosure, enabling participants to navigate complex financial reporting requirements.
- Understand key IFRS definitions and concepts: Participants will learn the meaning of key IFRS terms and concepts, enabling them to interpret financial reports and communicate effectively with stakeholders.
- Apply relevant financial reporting standards to key elements of financial reports: Participants will learn how to apply IFRS standards to key elements of financial reports, such as revenue recognition, assets, and liabilities.
- Understand disclosure requirements for companies in financial reports and notes: Participants will gain a clear understanding of the disclosure requirements for financial reports and notes, ensuring that they can produce accurate and comprehensive reports.
- Prepare group financial statements including subsidiaries, associates and joint arrangements: The program will cover the preparation of group financial statements, including subsidiaries, associates, and joint arrangements, providing participants with the skills required to produce accurate and comprehensive reports.
- Identify and calculate tax amounts to be recognized in the financial statements: Participants will learn how to identify and calculate tax amounts to be recognized in financial statements, ensuring compliance with relevant tax laws and regulations.
- Understand the accounting requirements applicable to entities that transact in or keep accounting records in foreign currency: Participants will gain a clear understanding of the accounting requirements for entities that transact in or keep accounting records in foreign currency, enabling them to produce accurate and comprehensive reports.
- Indicate how to measure fair value when required by IFRS standards: Participants will learn how to measure fair value when required by IFRS standards, ensuring that they can produce accurate and comprehensive reports.
Overall, the IFRS Masterclass training program is designed to provide participants with the knowledge and skills required to excel in the field of finance.
Global Program Schedule and Hosting Opportunities
Our program has been scheduled in multiple cities worldwide. For a comprehensive schedule and to find a session in your area, please explore the following links. If you are interested in organizing this program in your city, we encourage you to contact us for collaboration opportunities and more information.
Online*/In-House | London | Zurich | Doha | Dubai | Miami | Singapore | Toronto | Las Vegas | Sydney | Cape Town
For More Information
Please contact our customer service team for more information about our IFRS Masterclass Program and to enroll. Our team is dedicated to providing you with excellent service and answering any questions you may have. We look forward to hearing from you and helping you take the next step in your professional development.
Instructor Bio
Our trainers have specialist knowledge and first-hand experience of implementing the International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS), Generally Accepted Accounting Principles (USGAAP), Risk management strategies, Management practices, Compliance matters such as Basel regulations, Solvency II, Anti Money Laundering regulations and number of other evolving regulatory matters. This ensures an engaging and stimulating learning experience for professionals and senior executives, helping to ensure knowledge is retained.
They understand the accounting and regulatory requirements, risk environment, industry issues and challenges, risk management strategies, financial reporting & disclosure requirements, and compliance environment. They impart their knowledge using real-life industry examples, simple and user-friendly presentation of important concepts/approaches and case studies.
Instructor for this Program
Shasat Faculty
Course Description
Day 1:
- Introduction to IFRS and its key principles
- Overview of financial statements and their preparation under IFRS
- Recognition and measurement of assets and liabilities under IFRS
Day 2:
- Understanding the concept of fair value in IFRS
- Measurement of financial instruments under IFRS 9
- Impairment of assets under IFRS 9
Day 3:
- Revenue recognition under IFRS 15
- Accounting for leases under IFRS 16
Day 4:
- Group accounting and consolidation under IFRS 10, 11 and 12
- Business combinations under IFRS 3
Day 5:
- Share-based payments under IFRS 2
- Accounting for income taxes under IFRS
- Presentation of financial statements under IAS 1
Day 6:
- Financial instruments disclosures under IFRS 7
- Non-current assets held for sale and discontinued operations under IFRS 5
- Disclosure of related party transactions under IAS 24
Day 7:
- Accounting for employee benefits under IAS 19
- Foreign currency translation under IAS 21
- Cash flow statement preparation under IAS 7
Day 8:
- Fair value measurement disclosures under IFRS 13
- Accounting for intangible assets under IAS 38
- Hedge accounting under IFRS 9
Day 9:
- Presentation of financial instruments under IAS 32
- Financial instruments with characteristics of equity under IAS 32
- Insurance contracts under IFRS 17
Day 10:
- Segment reporting under IFRS 8
- Provisions, contingent liabilities and contingent assets under IAS 37
- Earnings per share under IAS 33
Day 11:
- Impairment of non-financial assets under IAS 36
- Disclosure of information about the general characteristics of a company’s capital under IAS 1
- Disclosure of accounting policies under IAS 1
Day 12:
- Case studies and practical applications of IFRS principles
- Wrap-up and review of key concepts
- Final exam or assessment
Real Life case Studies
Industries Specific Issues
Q&A
The course agenda provided herein is the proprietary intellectual property of Shasat. It is intended solely for the use of participants enrolled in the respective course. Any reproduction, distribution, or unauthorized use of this course agenda, in whole or in part, without the explicit written consent of Shasat, is strictly prohibited and may result in legal action.
All rights reserved. ©2023, Shasat
Why you must attend?
Are you looking to enhance your accounting skills and gain a deeper understanding of IFRS principles? Look no further than our online/in-person (12-days) IFRS Masterclass program. This intensive program is designed for accounting professionals who want to elevate their careers by mastering the complexities of IFRS. With a comprehensive curriculum covering topics like revenue recognition, financial instruments, and impairment of assets, you’ll gain a deep understanding of IFRS principles and learn how to apply them in real-life scenarios. Our experienced instructors will guide you through lectures, group discussions, and practical exercises to ensure that you leave the program with a solid understanding of IFRS and the confidence to apply it in your own organization. With case studies and practical applications of IFRS principles, you’ll have the opportunity to work through real-life scenarios and see how these principles are applied in practice. Don’t miss out on this opportunity to elevate your accounting skills and enhance your career – enroll in our IFRS Masterclass program today.
Attending our online/ In-Person (12-day) IFRS Masterclass program can be a major boost to your career. By mastering the complexities of IFRS, you’ll be better equipped to handle complex accounting scenarios and make informed financial decisions. This knowledge will not only make you a more valuable employee to your organization, but also position you as a subject matter expert in the industry. The skills and knowledge you gain from this program can help you stand out in the job market, opening up new opportunities for career advancement and higher salaries. Plus, with a network of fellow accounting professionals attending the program, you’ll have the opportunity to make valuable connections and expand your professional network. Don’t miss this opportunity to elevate your accounting skills and take your career to the next level – enroll in our IFRS Masterclass program today.
Teaching methodology
The training program will employ a comprehensive and engaging approach to learning, designed to deliver maximum impact and retention. The methodology includes:
- A user-friendly slide deck that presents the concepts, methodologies, and principles in a clear and concise manner, making the material easily accessible to all attendees.
- Interactive sessions featuring real-life case studies to provide hands-on experience and bring the material to life.
- Explanations of concepts and methodologies through the use of examples and distinct scenarios, allow attendees to understand the material in context.
- Group exercises designed to illustrate accounting principles, encouraging collaboration and fostering a deeper understanding of the material.
- Discussions on GAAP (IFRS Vs US GAAP) differences, industry issues, and diversity in practices, provide attendees with a well-rounded understanding of the subject matter.
- Access to additional course material and handouts, ensuring attendees have a comprehensive reference resource to support their learning.
- An open and inclusive atmosphere that encourages attendees to ask questions and engage in discussion, ensuring a thorough understanding of the material.
The combination of these elements creates a dynamic and engaging learning experience that will support the professional development of all attendees.
Who should attend?
The IFRS Masterclass Program is designed for a wide range of professionals, including:
- Accountants and finance professionals who use and produce financial statements under IFRS, and need to stay up to date with the latest developments in accounting standards and disclosure requirements
- Auditors who need to understand and apply the latest IFRS guidance to their audit work
- Market research analysts who require an understanding of how financial statements are prepared and presented under IFRS, in order to conduct effective financial analysis and valuation
- Professionals from rating agencies who use financial statements as a basis for credit ratings and need to keep up to date with the latest accounting standards and disclosure requirements
- Regulators who require an understanding of the latest accounting standards and disclosure requirements in order to develop and enforce effective financial reporting regulations
- Capital market watch experts who need to keep up to date with the latest developments in accounting standards and disclosure requirements in order to provide insights and recommendations to investors and other market participants.
No matter your profession, if you work in a field related to accounting, finance, or investment, the IFRS Masterclass Program can provide you with the knowledge and skills you need to stay ahead in today’s global reporting environment.
Feedback
Upon completion of the course, all delegates will receive an evaluation questionnaire aimed at gathering valuable feedback. This feedback is crucial to Shasat’s ongoing commitment to improving the quality of its learning solutions. By analyzing the trends in the responses, we are able to continuously enhance and refine our offerings to meet the evolving needs of our clients.
Venue & other info
Venue
Our training programs take place at the most prestigious professional training facilities in the city. Our venues have been meticulously chosen and expertly crafted to deliver an unparalleled and sophisticated learning experience. To further elevate your training journey, we will offer an array of refreshments including gourmet tea/coffee, delectable snacks, and a sumptuous lunch to sustain you throughout the course. Your comfort and satisfaction are of the utmost importance to us. One week before the program begins, you will receive comprehensive joining instructions that include the exact venue details.
Please note that accommodation arrangements are the responsibility of the attendee.
Workshop Delivery (Online Programs)
The workshop will be delivered via the WebEx platform. Upon registration, all participants will receive comprehensive joining instructions for the live workshop. This fully virtual event will encompass a live-streamed presentation, personalized networking opportunities, interactive Q&A sessions, engaging polls, and post-event consultation to address specific concerns and support your continued growth.
In-Person Workshop
Please be advised that for all in-person training programs, joining instructions will be sent via email to registered participants one week prior to the program’s commencement. These instructions will provide comprehensive information regarding the venue location, date, and time, as well as other important details such as parking arrangements, dress code, and any necessary equipment or materials. Kindly ensure that you carefully review the joining instructions and follow the guidelines provided to ensure a smooth and well-organized experience during the program.
Changes to the conference
Shasat reserves the right, at its sole discretion, to make modifications to the format, speakers, participants, content, venue location, program, or any other aspect of the conference, at any time and for any reason, without incurring any liability. This policy has been implemented due to recent events such as the Covid-19 pandemic and other jurisdictional restrictions. These modifications may include but are not limited to, changes necessitated by a Force Majeure Event
We are pleased to offer sponsorship opportunities for our training programs, providing companies with a unique platform to showcase their brand and services to a highly engaged and relevant audience. By becoming a sponsor, your organization will have the opportunity to build brand awareness, demonstrate thought leadership, and cultivate valuable relationships with industry professionals. Our programs offer a platform to reach a targeted audience and generate new business leads while showcasing your expertise. The benefits of sponsorship include increased brand exposure, opportunities to connect with key decision-makers, and a platform to promote your products and services. We invite you to take advantage of this prime opportunity and partner with us to enhance your visibility and impact within the industry.
We kindly request that you carefully review all of the terms and conditions outlined on our website. This information is critical in ensuring a clear understanding of our policies and procedures. Please follow the link provided to access this information.
Discover more about Shasat by exploring our “About Us” page, where you can gain insights into our company’s mission, values, and history, and learn how we can help you achieve your goals.
Payment
Enroll in our program with ease by choosing from our secure online payment options. You can make a payment through our website using PayPal or Stripe, or opt for a bank transfer, demand draft, or cheque payment. Our payment page will provide all necessary options during checkout. If you encounter any issues, our customer service team is here to assist you. Simply reach out to us with your selected course, and we’ll guide you through the payment process.
We kindly request that you take into consideration any associated bank fees when making your course fee payment. To ensure your participation in the program, payment must be received before the course date. Once we have received both payment and a completed registration form, we will confirm your enrollment in the program. Thank you for your understanding and cooperation.
Group discount
Our company is proud to offer a group discount of 15% for organizations or individuals who book a course for 5 or more participants. To take advantage of this offer and receive a personalized group discount code, please reach out to our customer service desk at info@shasat.com. Our team will be delighted to assist you with the booking process and answer any questions you may have. With this group discount, you can invest in the professional development of your team and drive success for your organization. Don’t hesitate to contact us today to learn more.
Upon successful completion of the training course, each participant will receive a certificate of completion that attests to the number of hours spent in training and serves as a valuable representation of their dedication to professional development. The certificate is not only a symbol of their achievement but also serves as proof of continuous professional development (CPD) and demonstrates their commitment to staying current in their field. We believe that CPD is a crucial aspect of career advancement and personal growth, and are proud to provide our participants with this important document.
For further assistance, we invite you to contact our dedicated customer service team. Our experienced and knowledgeable representatives are available to answer any questions you may have and provide the support you need to make informed decisions. We are committed to ensuring that you have a positive experience and are here to help in any way we can. Please don’t hesitate to reach out to us at your convenience.
In-House Training
Enhance your team’s skills and drive success for your business with our custom In-house training program. Our tailored approach aligns with your specific business needs, offering a cost and time-efficient solution for upskilling your employees. This not only improves their productivity but also positions your company as a competitive force in the market. Transform your investment in employee development into tangible results by choosing our In-house training option. To discuss and learn more about our services, please don’t hesitate to contact our training desk. We’re ready to help you create a bespoke program that’s just right for you.
