Day 1:
Introduction to IFRS and the Conceptual Framework
Overview of IFRS: History, Importance, and Global Adoption
The Conceptual Framework of IFRS: Principles and Underlying Assumptions
Structure and Application of IFRS Standards: Key Components
Overview of Financial Statements and their Elements: Balance Sheet, Income Statement, and Cash Flow Statement
Day 2:
Core IFRS Standards – Part 1
IFRS 15: Revenue from Contracts with Customers
IFRS 9: Financial Instruments – Classification, Recognition, and Measurement
IFRS 16: Leases – Definition, Classification, and Reporting
IFRS 10: Consolidated Financial Statements – Control and Consolidation Principles
Day 3:
Core IFRS Standards – Part 2
IFRS 13: Fair Value Measurement and Disclosures
IFRS 7: Financial Instruments: Disclosures
IFRS 2: Share-based Payments – Accounting for Equity-settled and Cash-settled Share-based Payments
IFRS 8: Operating Segments – Identification and Reporting
Day 4:
Transitioning to IFRS and Practical Applications
The IFRS Conversion Process: Key Steps and Considerations
Addressing Challenges in Transitioning from Local GAAP to IFRS
Industry-specific Applications of IFRS: Case Studies
Practical Exercises: Preparing Financial Statements under IFRS
Day 5:
IFRS Updates and Emerging Issues
Recent IFRS Updates and Amendments: Key Changes and Implications
Emerging Issues in IFRS: Sustainability Reporting and IFRS for SMEs
Compliance Considerations and Audit Challenges in IFRS Reporting
Final Review and Application: Group Discussions, Q&A, and Case Studies
