IFRS Immersion Workshop (8 days)
Please note that the IFRS Immersion Workshop starting on 12th June in London is Sold Out. We are managing a stand-by list as there may be cancellations. Contact us today to join the list. We can't guarantee you will get in, but we will keep you informed if places become available.
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 Mini 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)
- Discontinued operations (IFRS 5)
- 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)
- 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 (IFRS 16)
- Employee benefits (IAS 19)
- Provisions, contingent liabilities and contingent assets (IAS 37)
- Share-based payment (IFRS 2)
- Financial Instruments
- Financial assets & liabilities, hedge accounting (IAS 32, IAS 39, IFRS 9)
- Financial instruments: disclosures (IFRS 7)
- Income Taxes
- Income taxes (IAS 12)
- Revenue Recognition
- Revenue from Contracts with Customers (IFRS 15)
- Foreign Currencies
- 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 locations:
- Europe & USA: Monday-Friday
- UAE: Sunday-Thursday
- 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
- Implement IFRS 16’s requirements for lessee accounting
- Explain likely future IFRS changes
- All participants receive an iPad Mini 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:
[Compared to earlier provider] IASeminars is far better. The course was insightful and the presenters [Alan Mayo and Nick Auer] were excellent.
Richard Kobina Borsah, Head Of Finance, Quality Insurance Company Limited, Ghana
The instructors [Alan Mayo and Nick Auer] are very knowledgeable in IFRS and did a very good job of making an often difficult and complicated subject understandable.
Gideon Ewoh, Finance Manager, Total (E & P) Nigeria CPFA Limited
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
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.
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.
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.
Alan Mayo is a UK chartered accountant and highly experienced instructor in the field of international financial reporting, with a particular professional interest in IFRS for oil and gas companies, IPSAS financial management for the public sector and financial statements analysis. Alan has delivered oil and gas in-house programmes for such organisations as ENI, Gazprom, the Nigerian Petroleum Development Company and National Oil Corporation of Kenya. His recent in-house IPSAS clients include UNICEF, ECOWAS and The International Centre for Genetic Engineering and Biotechnology. Alan began his professional career as an auditor with PwC before co-founding their client training business in the UK. During this time he worked on the privatisation of British Gas, taught financial reporting and financial controllership programmes for Shell and managed a team providing training and change management support to UK public sector entities as they transitioned from cash to accruals based accounting, including the Foreign and Commonwealth Office and the Ministry of Defence. On leaving PwC, after nearly 20 years, he set up his own financial training business, which focuses on supporting local authority staff in all aspect of financial management. Alan is a member of the ICAEW Financial Reporting and Business and Management Faculties and the Institute of Internal Auditors.
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.
To bring this course in-house please contact us and we will be pleased to assist