Please be informed that this site uses cookies.

+971 56 800 6744

+971 2 622 2605

Course Description

This course provides a comprehensive practical working knowledge of International Financial Reporting Standards (IFRS) and their application in corporate reporting. Finance professionals, accountants, and controllers will benefit from mastering compliant financial statement preparation and policy interpretation. Participants gain the technical capability to accurately record transactions, prepare standard financial statements, and navigate complex accounting standard updates.

Course Objectives

  • Identify core principles and conceptual frameworks governing IFRS standards​
  • Apply specific revenue recognition and asset valuation rules to standard transactions
  • Develop compliant financial statements including the balance sheet, income statement, and cash flows
  • Analyze the financial impact of lease accounting and financial instruments under IFRS 16 and IFRS 9
  • Evaluate accounting policy choices and their effects on overall corporate reporting quality

Who Should Attend?

Corporate accountants, financial controllers, finance managers, and auditors seeking practical expertise in IFRS standards.

Course Agenda

Day 1 – IFRS Foundations and Presentation of Financial Statements

  • Overview of the IASB framework and the adoption of IFRS globally
  • Structure and content of the Statement of Financial Position and Statement of Comprehensive Income
  • Statement of Cash Flows preparation methods and classification principles
  • Accounting policies, changes in estimates, and correction of prior errors
  • Hands-on: Review and restructure a non-compliant trial balance into a fully IFRS-compliant set of primary financial statements.

Day 2 – Asset Valuation and Revenue Recognition

  • Property, plant, and equipment measurement, depreciation, and impairment testing under IAS 16 and IAS 36​
  • Intangible assets and goodwill recognition criteria under IAS 38
  • The five-step model for revenue recognition from contracts with customers under IFRS 15
  • Inventory valuation, measurement rules, and net realizable value adjustments under IAS 2
  • Hands-on: Calculate revenue recognition schedules and impairment adjustments for a multi-element commercial contract case study.

Day 3 – Complex Liabilities, Financial Instruments, and Wrap-Up

  • Lease accounting mechanics and classification changes under IFRS 16​
  • Recognition and measurement of financial instruments under IFRS 9
  • Provisions, contingent liabilities, and contingent assets under IAS 37
  • Course review, final Q&A session, and individual action planning for IFRS implementation
  • Hands-on: Analyze a complex corporate dataset to record lease liabilities and financial instrument valuations, followed by an action planning workshop.

Assessment Methodology

All courses conducted by EdTech will begin with a Pre-evaluation and end with a Post-evaluation. The instructor will evaluate the knowledge and skills of the participants according to the feedback given by participants. This will help to recognize the benefits and the level of knowledge gained by participants through the course.

Training Methodology

Facilitated by a highly qualified specialist, who has extensive knowledge and experience; this program will be conducted using extensively interactive methods, encouraging participants to share their own experiences and apply the program material to real-life work situations in order to stimulate group discussions and improve the efficiency of the subject coverage.

Percentages of the total course hour classification are:

  • ​40% Theoretical lectures, Concepts and approach
  • 20% Motivation to develop individual skill and Techniques
  • 20% Case Studies and Practical Exercises
  • 20% Topic General Discussions and interaction

Course Manual

Participants will be provided with comprehensive presentation material as reference manual. This presentation material is a compilation of core valuable information, references, presentation methods and inspiring reading which will be used as a part of the material guide.

Course Certificate

At the completion of the course, all participants who successfully accomplished the required contact hours will receive an EdTech Training Participation Certificate as a testimony to their commitment to professional development and further education.

Why Edtech ?

  • Industry Experienced; Internationally Qualified Trainers
  • Hands-on Practical Sessions & Assignments
  • Intensive Study materials
  • Flexible Schedules
  • Realistic training methodology
  • High-Quality Training in Affordable Course Fees
  • Achievement Certificate, as approved by the Ministry of Education (Abu Dhabi Center for Technical and Vocational Education Training - ACTVET), HABC, AWS, IAOSHE, SHRM, etc.