- 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
- IFRS - International Financial Reporting Standards (IFRS)
- Revenues (sales) - Revenues (sales) - Sales recognition - Contract analysis - Performance obligation - Price allocation
Understanding and implementing
Target audience
- Consolidators
- Controllers
- Accounting and consolidation managers
- Chartered accountants
- Financial managers
3 day
IFRS training
Prerequisites
No prior knowledge is required.
Objectives
◗ Acquire the fundamentals of IFRS
◗ Implement IFRS in the company's accounting and financial processes
◗ Processing the main accounting transactions under IFRS
◗ Identify the main differences between French accounting rules and IFRS.
IFRS training content
- Analysis based on three questions: what is being sold, when and at what price?
- Special cases: contract costs, exchanges in kind, payment deadlines, licenses, contract amendments
◗ Introduction to IFRS
- Conceptual framework and substance over form
- Convergence in France and other countries
- Recent discussions and developments
◗ Fixed assets and leases
- Property, plant and equipment (IAS16 and other related standards: IAS20, IAS23): recognition
and subsequent costs, component approach
- Intangible assets and capitalized expenditure (IAS38)
- Leases (IFRS16): determination of the lease liability and the right of use
✔ UNDERSTANDING | Illustration: review of consolidated group financial statements.
✔ APPLY | Case study: accounting by component, accounting for major maintenance costs
maintenance costs, accounting for a lease (at the lessee's)
✔ ASSESSMENT | Quiz: recognition of expenses as expenses or fixed assets
◗ Inventories (IAS2)
- Determination of entry cost and closing valuation, inventory write-downs
◗ Asset impairment testing (IAS36)
- Principles and practical application
- Determining value in use and fair value
✔ UNDERSTANDING | Illustration: review of consolidated group financial statements
✔ APPLY | Case study: identifying an impairment situation and assessing the
of the impairment to be recognized
✔ ASSESS | Quiz: situations leading to the recognition of an impairment loss
◗ Revenue recognition (IFRS15)
- Analysis based on three questions: what is being sold, when and at what price?
- Special cases: contract costs, exchanges in kind, payment deadlines, licenses,
contract modification
✔ EXPERIMENT | Group discussions: review of ESMA application decisions
✔ ASSESS | Quiz: test transfer dates (continuous or punctual)
◗ Liabilities and provisions (IAS37)
- Conditions for recognizing a provision
- Contingent liabilities and other off-balance sheet commitments
- Focus on provisions for restructuring and on onerous contracts
- Impact on leases (IFRS16) and contract assets (IFRS15)
✔ APPLY | Case study: identifying provisions
✔ EXPERIMENTALIZING | Group discussion: evaluating a provision
◗ Employee benefits (IAS19)
- Applying the projected unit credit method
- Understand and account for actuarial gains and losses
- Dealing with plan changes
✔ APPLY | Case study: calculating a defined benefit commitment
✔ ASSESS | Quiz: identifying the nature of plans (defined contribution vs. defined benefit)
◗ Treatment of share-based payments (IFRS 2)
- Treatment of stock options and bonus shares
✔ APPLIQUER | Case study: accounting for an equity-settled plan
◗ Non-current assets held for sale and discontinued operations (IFRS5)
- Conditions for applying IFRS5
- Impact on the presentation of financial statements
✔ EXPERIMENTALIZING | Group discussion: when should we apply IFRS5?
Why choose ifrs training?
Whether you're looking for a comprehensive introduction or a solid refresher course, this course will help you understand IFRS, know how to apply them and acquire the "right reflexes".
It provides the cross-functional vision and hindsight needed to put IFRS into professional practice. It constitutes the first part of a complete five-day session, the second part of which is "IFRS Practice Level 2″ [FHIFRB].
Combine these two IFRS training courses and benefit from a discount: €4,000 excl. tax instead of €5,000 excl. tax
Teaching and assessment methods
Before: self-assessment quiz
During the session : technical presentation accompanied by numerous case studies. Illustrations drawn from current events, real cases encountered by companies and/or the presenter's own experience in the field. Exchange of best practices. Discussions between participants and with the instructor, as well as interactive quizzes, ensure that knowledge is acquired throughout the ifrs training course.
Afterwards : documentation.
The trainer is available to answer any questions relating to ifrs training.
General training | FinHarmony Conseil & Formation
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Price
2,750€ EXCL. TAX
Testimonials
IFRS training
IFRS training
IFRS training
IFRS training
Jonathan C.
Company
Training