International Accounting Standards (IAS/IFRS) to Improve the Quality of Financial Reporting

Course Overview

In light of the increasing challenges facing financial and accounting institutions in the global business environment, International Accounting Standards (IAS/IFRS) have become an essential tool to ensure compliance, transparency, and credibility in financial reporting. This advanced training program helps accountants and financial professionals understand and apply international standards accurately, focusing on practical challenges and best practices in financial reporting.

Course Objectives

Enhance participants' understanding of advanced concepts in International Accounting Standards.
Provide participants with the ability to accurately interpret and apply standards in complex work environments.
Train participants to address advanced accounting issues such as complex contracts, fair value, and disclosures.
Improve standardized and IFRS-compliant financial reporting skills.
Provide practical examples and innovative solutions to deal with accounting challenges associated with international standards.

Target Audience

Accountants and financial auditors.
Financial managers and management accountants.
Financial reporting officers in companies.
Employees in the banking and investment sectors.
Accounting and auditing consultants.

Course Modules

Advanced Concepts of International Accounting Standards (IAS/IFRS)

Overview of recent developments in International Accounting Standards.
Introduce the relationship between IAS and IFRS and the importance of each.
Review of conceptual frameworks for IFRS.
How to interpret and apply the basic principles of standards (recognition, measurement, presentation, disclosure).
The main challenges facing organizations in the application of standards.

Financial Reporting in accordance with IFRS Standards

Requirements for the preparation of financial statements in accordance with IAS 1 (Presentation of Financial Statements).
How to prepare consolidated financial statements according to IFRS 10.
Reporting revenues and contracts according to IFRS 15.
Disclosure of financial instruments in accordance with IFRS 7.
Practical examples from global companies successfully implementing IFRS standards.

Fair Value Applications and Accounting Measurement

Definition of fair value and its importance according to IFRS 13.
Techniques for measuring the fair value of assets and liabilities.
IAS 36 impairment losses.
Recognize future income and expenditure based on fair value.
Analyze practical cases for fair value application in financial and commercial institutions.

Accounting Challenges in Complex Contracts

How to deal with leases according to IFRS 16.
Process long-term contracts using IFRS 15 and IAS 11.
Disclosure of non-current liabilities and assets in accordance with IAS 37.
Application of standards in loans and financial instruments composite according to IFRS 9.
A case study on the impact of complex contracts on financial statements.

Advanced Financial Disclosures and Reports

Advanced disclosure requirements to enhance transparency in accordance with IFRS 7 and IFRS 12.
Preparing financial management reports using international financial statements.
Linking disclosures to the strategic decisions of institutions.
The importance of disclosure in enhancing confidence among investors and stakeholders.
Practical examples for analyzing financial disclosures and improving reports.