- Regulatory, financial, risk and ethics frameworks - Know the regulatory, financial, risk and ethics frameworks (Sarbanes-Oxley, AMF and SEC regulations, etc.).
- IFRS consolidation - Accounting production: How to produce IFRS consolidated financial statements
- Financial statements and appendices - Balance sheet, income statement, cash flow statement, statement of changes in equity, ICOs, appendices
- Financial instruments and hedging tools - Learn about financial instruments and hedging tools (fair value hedge / cash flow hedge, hedging, credit derivatives, hybrid debt).
- IFRS - International Financial Reporting Standards (IFRS)
Improvement
Target audience
- Consolideurs
- Contrôleurs de gestion
- Experts comptables, Commissaires aux comptes
- Managers comptables
- Managers consolidation
- Responsables financiers, consolidation et comptables
2 day
Practical IFRS training
Prerequisites
No prior knowledge is required. Part 2 covers topics that complement those studied in Part 1 [FHIFRA].
Objectives
◗ Apply IFRS to complex transactions.
◗ Account for financial instruments and their hedges in accordance with IFRS.
◗ Identify the specific requirements of IFRS with regard to consolidation.
Training program
◗ Financial Assets and Liabilities (IAS 32, IFRS 9, IFRS 7, IFRS 13)
– Classification and Measurement: Fair Value or Amortized Cost
– Impairment of Financial Assets: The Expected Loss Method and Its Implementation
– Liabilities or Equity: Hybrid Financial Instruments and Their Treatment Under IFRS
✔ UNDERSTAND | Illustrations: Review of consolidated group financial statements
✔ APPLY | Case study: Determining the internal rate of return (IRR) and accounting for the issuance of a bond
✔ EVALUATE | Quiz: Distinguishing between financial liabilities and equity
◗ Introduction to Hedge Accounting Under IFRS 9
– Application requirements
– The 3 types of hedging
✔ UNDERSTAND | Illustrations: Review of consolidated financial statements
✔ EVALUATE | Quiz: Which hedge accounting method to apply (FVH, CFH, NIH)
◗ Consolidation under IFRS
– Review of the scope of consolidation under IFRS (IFRS 10, IFRS 11, and IAS 28): definition of control and overview of different types of partnerships
– Determination and monitoring of goodwill
– Introduction to accounting for changes in the scope of consolidation: step acquisitions, acquisition of control, changes in ownership percentage without a change in accounting policy, loss of control, and transactions with minority interests
✔ APPLY | Case Study: Calculating Goodwill
✔ APPLY | Case Study: Accounting for a Disposal Resulting in Loss of Control
✔ EXPLORE | Group Discussion: Risks and Benefits of Recognizing Full Goodwill
◗ Other standards
– Interim Financial Reporting (IAS 34): Option to Present Condensed Financial Statements, Valuation Methodology for Interim Closings
– Basic and Diluted Earnings Per Share (IAS 33): Calculation Methods
– Segment Reporting (IFRS 8): Principles and Application Guidelines, Segments and Disclosures (Definition and Aggregation)
✔ UNDERSTAND | Illustrations: Review of Consolidated Group Financial Statements
✔ APPLY | Practical Exercise: Calculating Earnings Per Share
✔ EVALUATE | Quiz: Identify a Group’s Operating Segments
◗ Financial Statements under IFRS (IAS 1 and IFRS 18)
– The 5 components of financial statements
– Mandatory disclosures
– News: The main expected impacts of the implementation of IFRS 18 (financial statements for periods beginning on or after January 1, 2027)
✔ EXPERIMENT | Group discussion on the impacts of the implementation of IFRS 18
Why choose this course?
Whether you’re looking for a comprehensive introduction or a thorough review, this training course will help you understand IFRS, learn how to apply them, and develop the “right instincts” for more complex topics. It thus provides the cross-functional perspective and broader context needed to apply the IFRS framework in a professional setting. This course is the second part of a comprehensive five-day session; the first part is the “IFRS in Practice – Part 1” course [FHIFRA].
Save 15% when you combine these two courses (IFRS in Practice, Parts 1 and 2): €4,250 (excluding tax) instead of €5,000 (excluding tax)
Teaching and assessment methods
Before the training: Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.
Teaching Methods: A variety of methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.
Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.
During the training: a mix of theoretical concepts and examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.
Monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.
Price
2,250 EXCL. TAX
Testimonials
Practical IFRS training
Practical IFRS training
Practical IFRS training
Jonathan C.
Company
Training