International Financial Reporting Standards (IFRS) and 2026 Updates

The course uses a mix of interactive techniques, such as brief presentations by the consultant, application of different theories, group exercises to exchange experience and apply knowledge acquired throughout the course.

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

• Explain the main requirements of International Accounting Standard (IAS 1) in relations to presenting the statements of financial position and comprehensive income
• Calculate the Expected Credit Loss for trade receivables as well as properly account for inventory cost and valuation
• Properly account for major long term assets items such as fixed assets and investment property
• Differentiate between the various financial assets and identify the proper accounting treatment for each classification
• Explain the five-step model in recognizing revenue from customers
• Measure and present the asset, liability and expenses resulting from lease contracts on the lessee financial statements

Professionals in the fields of finance and accounting as well as professionals seeking to enhance their international accounting knowledge from companies implementing IFRS as the standard of reporting.

• Understanding financial statements
• Financial reporting
• Applying IFRS
• Accounting for current and non current assets and liabilities
• Classifying investments
• Assessing impact on financial accounts