International Accounting Standards (IAS) Course

Introduction

International Accounting Standards are a set of concepts, standards, and processes that constitute the foundation of financial accounting policies and practices. The goal of the International Accounting Standards (IAS) is to create consistency in methodology and unity in meaning. This training on international accounting standards (IAS) is aimed at equipping the participants with the knowledge and skills to understand IAS and how to adopt the new international accounting practices in accounting.

Who Should Attend

Training on international accounting standards course is aimed at professionals in the finance and accounting sector.

Duration:

5 days

Course Objectives

By the end of this course the participants will be able to:

• Understand the principles of preparation of international financial statements
• Understand and apply the International Accounting Standards
• Make informed economic decisions about investment opportunities and risks
• Apply International Financial Reporting Standards

Course Outline

• Financial reporting in credit institutions
• Financial statements purposes
• History, objectives, structure of IAS
• Basic principles of financial reporting
• IAS 1 “Presentation of financial statements”
• IAS 2 Inventories
• IAS 7 Statement of Cash Flows
• IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
• IAS 10 Events after the Reporting Period
• IAS 12 Income Taxes
• IAS 16 Property, Plant and Equipment
• IAS 19 Employee Benefits
• IAS 21 The Effects of Changes in Foreign Exchange Rates
• IAS 23 Borrowing Costs
• IAS 24 Related Party Disclosures
• IAS 27 Separate Financial Statements
• IAS 28 Investments in Associates and Joint Ventures
• IAS 29 Financial Reporting in Hyperinflationary Economies
• IAS 32 Financial Instruments: Presentation
• IAS 33 Earnings Per Share
• IAS 34 Interim Financial Reporting
• IAS 36 Impairment of Assets
• IAS 37 Provisions, Contingent Liabilities and Contingent Assets
• IAS 38 Intangible Assets
• IAS 39 Financial Instruments, Hedge Accounting
• IAS 40 Investment Property
• IAS 41 Agriculture

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: [email protected] Tel: +254 721 331 808

Certification

Participants will be issued with Upskill certificate upon completion of this course.