IFRS distance learning

Prerequisites

Prerequisites: no prior knowledge required.

Materials: training materials and the link to the virtual classroom are provided the day before the course.

Objectives

◗ Acquire a solid understanding of IFRS 1 requirements

◗ Draw up an opening balance sheet in compliance with IFRS 1 requirements

◗ Identifying the main challenges of a successful transition to IFRS

Training program

◗ General principles of the standard

- Transparency and comparability
- Cost/benefit ratio
- Accounting and valuation principles

◗ Preparing the opening IFRS balance sheet

- Transition date
- General principle of retrospective application
- Mandatory exceptions to retrospective application
- Optional exemptions: assessing the opportunities offered by IFRS 1
to facilitate the transition

✔ UNDERSTANDING | Exceptions Quiz

◗ Information to be provided

- Comparative information
- Reconciliation of data with previous GAAP

✔ UNDERSTANDING | Commented reading of published financial statements

◗ Anticipating organizational and system challenges

- Identify impacts on information systems and closing processes

✔ UNDERSTAND | Feedback on IFRS transition projects
✔ EXPERIMENT | Group brainstorming on levers and obstacles to success

Teaching and assessment methods

◗ Distance learning:
- Three visuals: video presenter, presentation, virtual flip chart
- Interactive quizzes
- 6 participants maximum

Before: self-assessment quiz

During the session: presentation of the main principles, practical implications, examples drawn from recent financial statements. Practical case studies and interactive quizzes to ensure knowledge acquisition.

Afterwards: summary sheet. The trainer is available at the end of the course to answer any questions relating to this distance learning course.

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Price

740 EXCLUDING VAT

Testimonials

IFRS distance learning

Jonathan C.
Company
Training

Generalist trainings

IFRS distance learning