IAS/IFRS based Accounting

IAS/IFRS based Accounting

Categories: Management Level
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About Course

IAS/IFRS-Based Accounting focuses on the principles, standards, and practices required to prepare and present reliable, transparent, and internationally comparable financial statements. This course introduces International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS), helping participants understand how these standards are applied in real-world accounting and financial reporting. Participants will explore key areas such as revenue recognition, inventory valuation, property and equipment, leases, financial instruments, and the preparation of financial statements. The course emphasizes practical application, regulatory compliance, and consistent financial reporting to support informed business decisions and meet international accounting requirements.

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What Will You Learn?

  • IAS & IFRS Fundamentals: Understand the framework, purpose, and importance of international accounting standards.
  • Financial Statement Preparation: Learn to prepare and present financial statements in accordance with applicable IAS/IFRS requirements.
  • Revenue Recognition: Understand revenue recognition principles under IFRS 15.
  • Inventory Accounting: Apply IAS 2 principles for inventory valuation and cost recognition.
  • Property, Plant & Equipment: Understand asset recognition, depreciation, measurement, and impairment under IAS 16 and IAS 36.
  • Lease Accounting: Learn the fundamentals of lease recognition and reporting under IFRS 16.
  • Financial Instruments: Explore the recognition, measurement, and reporting of financial instruments under IFRS 9.
  • Cash Flow Statements: Understand the preparation and presentation of cash flow statements under IAS 7.
  • Accounting Policies & Estimates: Learn how to select accounting policies and account for changes in estimates and errors under IAS 8.
  • Practical Case Studies: Apply accounting standards to real-world business transactions and financial reporting scenarios.

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