IFRS Immersion Workshop (8 days)
This eight-day dual-instructor workshop provides a detailed review of all significant technical requirements related to International Financial Reporting Standards (IFRSs). It includes coverage of IFRSs, hands-on case studies, examples, exercises, and benefits from the interactive participation of the attendees. Designed as an extended version of IFRS Fundamentals - Comprehensive Workshop (5-day course), the Immersion Course helps participants to acquire the tools necessary to understand and apply IFRSs and prepare IFRS-compliant financial statements. The program includes the latest pronouncements, and participants are brought up-to-date on all topics. In addition, participants are provided with information to assist them in researching accounting issues and monitoring future changes.
Registration fee for this unique event includes:
- 8 days of formal tuition by some of our most senior instructors.
- Full set of course materials (including case studies, illustrations and examples).
- An iPad which you can use for research during and after the course.
- A local sightseeing tour.
- Lunch and refreshments on every teaching day.
- Farewell dinner and class photographs.
This course is ideal for individuals at all levels within an organization who need to have detailed knowledge of IFRSs. In essence, it is an opportunity to transfer a crucial new skill set to those responsible for making accounting decisions and preparing, reviewing or approving IFRS financial statements. The program is generic and does not focus on any single industry.
Presented by two experienced IFRS instructors, this program gives participants the benefit of decades of IFRS experience. Delegates receive the benefit of more than one view of IFRSs and the opportunity to ask questions, receiving thorough answers to their individual questions from the presenters’ past experiences. Our specialist instructors explain the principles clearly and simply and provide real-world examples, including an overview of the requirements for first-time adoption of IFRSs and the practicalities of implementing IFRSs.
The program includes coverage of Standards with future applicability, Exposure Drafts and the IASB’s future plans, giving participants up-to-the-minute information and providing an ability to foresee how anticipated and published changes may affect their organizations.
This course answers questions such as:
- What are the current and likely future requirements of IFRSs?
- What is the probable impact of adopting such requirements?
- How are IFRS recognition and measurement rules applied?
- What are the requirements for presentation of IFRS financial statements and related disclosures?
- Where can up-to-date information about IFRSs be obtained?
- How can complex or unique situations be researched?
- Introduction to IFRSs
- Brief history of IFRSs
- Conceptual Framework
- Fair value measurement (IFRS 13)
- Content of IFRS Financial Statements
- Presentation of financial statements (IAS 1)
- Statement of cash flows (IAS 7)
- Accounting policies, changes in accounting estimates and errors (IAS 8)
- Events after the reporting period (IAS 10)
- Operating segments (IFRS 8)
- Related party disclosures (IAS 24)
- Earnings per share (IAS 33)
- Interim financial reporting (IAS 34 and IFRIC 10)
- Discontinued operations (IFRS 5)
- Inventories (IAS 2)
- Property, plant & equipment (IAS 16)
- Borrowing costs (IAS 23)
- Intangible assets (IAS 38)
- Investment property (IAS 40)
- Impairment of assets (IAS 36)
- Non-current assets held for sale (IFRS 5)
- Leases (IAS 17, SIC-27, and IFRIC 4)
- Update on IFRS 16 Leases
- Employee benefits (IAS 19 and IFRIC 14)
- Provisions, contingent liabilities and contingent assets (IAS 37)
- Share-based payment (IFRS 2)
- Leases (IAS 17, SIC-27, and IFRIC 4)
- Financial Instruments
- Financial assets and liabilities, hedging and derivatives (IAS 32, IAS 39, IFRS 9)
- Financial instrument disclosures (IFRS 7)
- Income Taxes
- Income taxes (IAS 12)
- Revenue Recognition
- Revenue (IAS 18, IFRIC 13 and 18)
- Construction contracts (IAS 11)
- Revenue from Contracts with Customers (IFRS 15)
- Foreign Currency Issues
- The effects of changes in foreign exchange rates (IAS 21)
- Business Combinations, Consolidations, Associates & Joint Arrangements
- Business combinations (IFRS 3)
- Consolidated financial statements (IFRS 10)
- Separate financial statements (IAS 27)
- Investments in associates and joint ventures (IAS 28)
- Joint arrangements (IFRS 11)
- Disclosure of interests in other entities (IFRS 12)
- Review of Specialized Areas
- Accounting for government grants and disclosure of government assistance (IAS 20)
- Accounting and reporting by retirement benefit plans (IAS 26)
- Financial reporting in hyperinflationary economies (IAS 29)
- Transitioning to IFRSs
- First-time adoption of IFRSs (IFRS 1)
- Expected Future Developments
- IASB Work Plan
The workshop will consist of eight days of instruction and participation, separated by a weekend break.
Note the working week in the following course locations:
The teaching day will be from 9am to 6pm. Please arrive at the seminar room by no later than 8.45am.
- Group live instruction in a workshop format, cases, examples, group work, open discussions
- Review of the rationale and objective for IASB standards
- Description and explanation of IFRS technical requirements in clear and simple language
- Use of case studies, exercises, interpretations, and real-world financial statements to illustrate practical application of the standards
- Dual-instructor format, resulting in greater opportunity to have individual questions answered from previous experience
- Interactive participation is encouraged
- All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials
Basic knowledge of accounting environment, processes and objectives. No other advance preparation is required for this course.
- Learn how to prepare IFRS financial statements, including statement of financial position, statement of comprehensive income, statement of cash flows and statement of changes in equity
- Compute basic and diluted earnings per share
- Differentiate between changes in estimates and changes in accounting policies
- Comply with IFRS disclosure requirements, including accounting policies
- Identify the optional and mandatory requirements for first-time adoption of IFRSs
- Greater understanding of the considerations when deciding which of the optional treatments in IFRS 1 to apply
- List the IFRS requirements for recognition and measurement of assets, liabilities, revenues, expenses, gains and losses
- Calculate asset impairment using the ‘cash-generating units’ approach in accordance with IAS 36
- Differentiate between finance and operating leases
- Explain likely future IFRS changes, including prospects for convergence with national accounting standards
- All participants receive an iPad to be used for technical research during and after the course
- City tour and farewell dinner, arranged and paid by IASeminars
See what past participants said about this course:
The IASeminars IFRS program is excellent with experienced instructors. I found the program to be very insightful.
Prosper Kwasi Ahiakonu, Principal Accountant
Ghana National Petroleum Corporation
High quality standard course, very knowledgeable instructors. Customer Service was excellent.
Fahad Al Jadidi, Senior Accountant
Oman Telecommunication Company
The course was very good and a bit refreshing. It was full of information, updates, practical examples, and explanations from the excellent instructors. Thank you IASeminars for the great learning experience.
Janice Lagazo, Accountant
Petroserve Holding B.V., Monaco
IFRS 1000 is a good learning experience not only for those who have already adopted IFRS to their company but as well as those who need updates re new pronouncements.
The course has been refreshing and exciting, and the course instructors have been marvellous. I have gained immensely from the presentations.
IASeminars is highly professional, the course content easy to understand and the delivery just fantastic.
CPE / CPD Accreditation
IASeminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Field of study: Accounting
ICAEW Partner in Learning
IASeminars is proud to have been named as an ICAEW Partner in Learning, working together to offer the ICAEW IFRS Certificate to our clients worldwide. ICAEW (The Institute of Chartered Accountants in England and Wales) is a world leading professional membership organisation that promotes, develops and supports over 145,000 chartered accountants worldwide. CPE certificates obtained from attending IASeminars courses are an ideal way for ICAEW members and others to demonstrate their continuing professional development, provided that the topic is relevant to their learning and development needs.
New York State Board of Public Accountancy
IASeminars is registered with the New York State Board of Public Accountancy as a CPE sponsor. Our CPE Sponsor ID is: 002546. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program.
Texas State Board of Public Accountancy
IASeminars is registered with the Texas State Board of Public Accountancy as a CPE sponsor. Our CPE Sponsor ID is: 009689. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program.
- Our Dubai seminars take place in 4 star professional conference facilities, generally in city-centre hotels like the Marriott, Sheraton or Hilton brands. Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. Coffee and lunch will be provided.
- Our London seminars take place in 4 star professional conference facilities, generally in city-centre hotels like the Marriott, Sheraton or Hilton brands. Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. Coffee and lunch will be provided.
Tariq Zia is a US CPA specializing in Oil & Gas accounting issues under both IFRS & US GAAP. He has worked in both Texas and in Saudi Arabia for several of the 'Big Four' accounting firms over the past 14 years, servicing multinational corporations in the Oil & Gas and other industries. Tariq was for example a designated subject matter expert for the Oil & Gas sector at KPMG in Saudi Arabia, where he worked on multinational clients. Tariq has extensive experience in teaching accounting courses, including at Deloitte & Touche where he was a National Instructor delivering courses to various levels of staff and management on topics such as Introduction to US GAAP & GAAS, and convergence of IFRS with US GAAP. His work experience includes audits of SEC registrants and private clients from the Oil & Gas, Manufacturing, Retail and Service sectors under both US GAAP and IFRS; Sarbanes-Oxley compliance related work; and advisory work in the area of GAAP convergence. Tariq currently serves as senior advisor to a large multinational chemical manufacturer, which involves complex accounting issues and transactions under both US GAAP and IFRS.
Bill Kemp (UK) is IASeminars' Senior Instructor and a consultant specialising in International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS) and the comparison of such standards with UK, US and Canadian Generally Accepted Accounting Principles (GAAP). He has delivered many public and in-house training courses around the world to a diverse audience from sectors including government and non-profit, financial services, retail, real estate, oil & gas, telecoms, and IT. An experienced educator, he was formerly Managing Director of a major London financial training company. Bill's work also includes training and consulting on financial statement analysis and business valuation, and he teaches on the International Accounting MSc programme of the London School of Economics. He is a UK chartered accountant, and was educated at the Edinburgh Academy and at Oxford University.
KC Rottok Chesaina
KC Rottok Chesaina (Kenya / South Africa) is the Head of IFRS Faculty at Tabaldi Education and is a qualified Chartered Accountant and Registered Auditor.
He joined RSM Betty and Dickson in 2005 and has since worked for several RSM International member firms including RSM Bird Cameron in Australia and RSM McGladrey in the USA. He has significant experience on the African continent having worked in several countries and was previously appointed national representative to the IFRS Panel of RSM International, an international network of firms with 700 offices in over 100 countries.
KC has written several technical opinions which have formed the basis of reporting for a number of large companies listed on the Johannesburg Stock Exchange and has been published in a number of platforms including The Accountancy SA, The African Professional, Business Daily Africa and the Practical Accountancy Looseleaf.
Alan Mayo is a highly experienced instructor in the field of international financial reporting, with a particular professional interest in IFRS for oil and gas companies and also in IPSAS for the public sector. He is a UK chartered accountant with over 20 years of experience as an auditor and consultant with PricewaterhouseCoopers in both London and Paris. A founding member of the PwC Client Training business in London, Alan delivered courses on financial reporting and financial management to a wide range of PwC clients. Alan regularly instructs courses on international oil and gas accounting, and he has delivered in-house programmes for such organisations as ENI, Petronas, Kogas, Saudi Aramco, Nigerian Liquefied Natural Gas and the Ugandan Revenue Authority. He previously worked as an auditor on the privatisation of British Gas, and taught financial reporting and financial controllership programmes for Shell. Alan also managed a team within PwC that provided training and change management support to UK public sector agencies as they transitioned from cash to accruals based accounting, including the Foreign and Commonwealth Office and the Ministry of Defence. His current work includes supporting UK local authorities and not for profits in developing the financial management skills of their staff, and he has worked extensively with the UN and other international organisations in their transition to IPSAS. An independent training consultant since 2001, Alan has been a senior instructor with IASeminars since 2004.
The instructor for this course will be drawn from one of our core faculty of subject matter experts. Further details will be published at the earliest opportunity.
To bring this course in-house please contact us and we will be pleased to assist
Select a start date for more details
19 Nov 2017 Dubai
- Course level:
- CPE / CPD:
- 64 hours
- Start date:
- 19 Nov 2017
- Start time:
- Finish date:
- 28 Nov 2017
- Finish time: