IFRS Training in Saudi Arabia, Jeddah, Riyadh, Dammam, Khobar

IFRS Training in Saudi Arabia, Jeddah, Riyadh, Dammam, Khobar

International Financial Reporting Standards

2 Days Training - MasterClass

KEY BENEFITS & TAKEAWAYS

A Detailed refresher on key accounting standards (IFRS Training in Saudi Arabia)

• Need of IFRS Training in Saudi Arabia
• Updates on the recent changes in accounting standards
• Understanding of practical accounting issues
• Knowledge of difference GAAP vs. IFRS
• How IFRS Training in Saudi Arabia help streamline processes
• Know how IFRS Training in Saudi Arabia to format crystal Financial Reporting 
• Case study discussions on the implementation & applications of reporting concepts

WORKSHOP OVERVIEW | IFRS Training in Saudi Arabia

International Financial Reporting Standards are Standards and Interpretations issued by International Accounting Standards Board (IASB). They comprise of International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), International Financial Reporting Interpretations Committee (IFRIC) Interpretations; and Standing Interpretations Committee (SIC) Interpretations. IFRSs have evolved over the last few years to cater the ever changing complex businesses requirements.

As of now, 41 IAS and 13 IFRS have been issued. Out of the 41 IAS, several of them have been suspended with the passage of time.

Financial accounting and reporting is an integral part of businesses and high quality financial accounting and reporting requires high level of understanding of financial accounting and reporting principles.

This program is designed to cover several basic and complex International accounting standards and international financial reporting standards and hence the program has been split into two days.

The entire program is suited for participants who want to either build their knowledge of IFRS or want to refresh their knowledge about them. There have been several changes in these international accounting standards which will be covered in detail during the session.

The IFRS Training in Saudi Arabia is also effective for people working in multinational companies who, along with local reporting, do reporting under US GAAP, for their parent companies abroad as difference between IFRS and US GAAP will also be covered.

COURSE OUTLINE

Introduction | IFRS Training in Saudi Arabia

• The conceptual framework for financial reporting
• IFRS 1: First Time Adoption of IFRS
• Objective and scope
• Exemptions and exceptions
• Presentation and disclosure

Financial Statement Presentation | IFRS Training in Saudi Arabia

• IAS 1, 7, 34; IFRS 5
• Components of financial statements
• Classification issues for statement of financial position
• Non-current assets held for sale and discontinued operations
• Presentation in profit or loss and comprehensive income
• Statement of changes in equity
• Statements of cash flow

Measuring Financial Performance

• IAS 8, 24, 33; IFRS 2, IFRS 13
• Accounting policies, accounting estimates and errors
• Earnings per share
• Related party transactions

Tangible Assets

• IAS 2, 16, 23, 36, 40
• Inventory measurements
• Accounting for property, plant and equipment including revaluations
• Depreciation
• Borrowing costs
• Investment properties

Intangible Assets

• (IAS 38)
• Recognition criteria
• Measurement issues
• Internally developed intangible assets
• Research and development costs
• Intangible assets acquired in a business combination
• Amortization versus impairment

Cash flow statement

• Identify Cash and Cash Equivalents
• Classifying Cash Flows as operating, investing and financing
• Presentation Issues

Liabilities, Provisions and Contingencies

• IAS 10, 12, 20, 37
• Recognition criteria for provisions and contingencies
• Constructive and legal obligations
• Discounting deferred payments
• Onerous contracts
• Events after the reporting period
• Deferred tax provisions and assets
• Government grants and assistance

Revenue Recognition

• IAS 11, 18 (Including Exposure Draft), IFRS 15
• Recognition issues and the concept of substance over form
• Measurement of revenue
• Construction contracts

Leases | IFRS Training in Saudi Arabia

• IAS 17 (Including Exposure Draft), IFRS 16
• Lease classification
• Leases for property
• Non-property leases

Business Combinations

• IFRS 3
• Purchase method
• Identifying the acquirer
• Allocating the cost to net assets
• Recognition and measurement of goodwill
• Transitional provisions

Consolidations IFRS 10

• (IAS 27), IFRS 11 (IAS 31), IFRS 12, IAS 28 and IAS 21
• Determination of control and consolidation of subsidiaries
• Accounting for associates
• Accounting for joint ventures
• Functional currencies
• Consolidating foreign subsidiaries
• Foreign currency transactions

Financial Instruments (IFRS 9)

• Understanding financial instruments
• Recognitions
• Classification
• Treatment and disclosures

This training is available in Saudi Arabia, Jeddah, Riyadh, Dammam, Khobar, Africa, Afghanistan, GCC

Call: +971 55 8400399 | +92 321 8408828

email: info@thebscon.com

Visit: Training and Development