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International Financial Reporting Standards (IFRTS)

London Corporate Training
Training overview
Professional Course
Classroom, Self-paced Online
5 days
Start dates
Online
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London
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COVID-19 Update

This provider offers an online version of their classroom courses

This provider has changed its terms and conditions to allow for rebooking/an amended cancellation policy in light of COVID-19

Training content

This International Financial Reporting Standards course will cover:

Private and Public Standards - how they have Evolved

  • The background and evolution of financial standards around the world
  • International Financial Standards for Private and Public Sectors compared
  • Underlying financial and accounting principle
  • Benefits to the organisations and investors
  • Application of standards world-wide

IPSAS and IFRS Convergence

  • IPSAS and IFRS – Board structures of Governing Bodies and Due Process
  • IPSAS and IFRS – similarities and differences summarised
  • Budgeting in the Private and Public Sectors compared
  • Disclosure and transparency aspects
  • Accounting issues covered by IFRS with no equivalent IPSAS?

IPSAS and IFRS Effective Implementation and Benefits

  • Planning for transition and implementation – identification of key issues
  • Choosing your approach – “Big Bang” or phased
  • Scoping the project
  • Project team structure and roles
  • Milestone planning
  • Managing issues and communication
  • Critical success factors

Preparation of IFRS / IAS Compliant Financial Statements

  • Disclosure requirements and issues
  • Statement of Profit or Loss – example and comments
  • Statement of Financial Positions– example and comments
  • Statement of Cash flows– example and comments
  • Notes to the accounts
  • Comparison with US GAAP

Working towards First Time Adoption of IFRS (IFRS 1)

  • Critical Success Factors (CSF) in implementing IFRS
  • Overview of the most important features of IFRS 1
  • Engaging key stakeholders
  • The opening IFRS statement of financial position
  • Effective project management

Costs

Please contact us for more information on pricing.

Why choose London Corporate Training?

We have trained over 2,500 delegates from almost 600 client organisations

Complimentary Heathrow transfer (one-way)

Endorsed by various organisational and subject specific accrediting bodies

About London Corporate Training

London Corporate Training (LCT)

London Corporate Training have been established in the education, consulting and training industries for two decades. They work as a training team from their head office in London and aim to ensure all of their course participants receive the highest...


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Contact info

London Corporate Training

3 Shortlands, Hammersmith
W6 8DA London

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