Training on International Accounting Standards (IAS)

About the Course
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 course 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.

Target Participants
This course is aimed at professionals in the finance and accounting sector.

Course Duration

Online                        7 Days

Classroom-based       5 Days

What You Will Learn
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 is delivered by our seasoned trainers who have vast experience as expert professionals in their respective fields of practice. The course is taught through a mix of practical activities, presentations, group works and case studies.
Training manuals and additional reference materials are provided to the participants.

Certification
Upon successful completion of this course, participants will be issued a certificate.

Tailor-Made Course
We can also do this as a tailor-made course to meet organization-wide training needs. A training needs assessment will be done on the training participants to collect data on the
existing skills, knowledge gaps, training expectations and tailor-made needs.