Home
All Courses
Services
In-house
E-learning
Coaching
Consultancy
About us
Who We Are
Experts Team
Board of Directors
Partner Associations
Clients
Franchise
Media news
Corporate News
CSR
Interviews
Blog
Jobs
Downloads

Training Calendar 2019

Training Calendar 2020

Training Prospectus

Training Brochure

Training Catalogue

Contact us
Wishlist
Shopping cart
Sign in
EN | AR

Shopping cart

CLOSE

Total:

AED 18.300

Home All Courses CIFRSS Certified IFRS Specialist
4.9

CIFRSS Certified IFRS Specialist

3 alternative locations available

Course Overview

International Financial Reporting (IFRS) is the indisputably global solution for any country in the world to integrate into the international capital markets. There is virtually no room for a local solution in this category, and an increasing number of entities are moving to IFRS. Access to capital from both the domestic and international arena is inextricably linked to the integrity and international credibility of financial reporting.

The IFRS standard setters have been pursuing a process of revamping standards to improve global financial reporting and this course is a necessity for IFRS preparers and users to be up-to-date with current standards and trends. This course offers the learner a comprehensive understanding of the essential elements of IFRS; beginning by building on the foundations laid by the IASB’s mainstream IFRS standards. The course develops key skill competencies through the application of sound theoretical content within a practical, real-life inspired case-study based environment.

01

05

Run This Course

Enjoy this certified

program at your premise of choice, with lower costs, and schedule that suits you best.

FULLY CUSTOMIZED

ACCORDING TO YOUR NEEDS!

5 Key Takeaways

1

Improved knowledge and understanding of the global trends for International Financial Reporting Standards.

Practical application of IFRS standards.

2

3

Understanding of recent changes in IFRS and practicalities of their application.

Practical understanding of the transitional challenges and approaches in moving to Internationally accepted reporting norms of IFRS.

4

5

IFRS changes on the horizon and their impact in Financial Reporting.

02

05

See What’s Inside Our 2019 Catalog

Course Outline

DAY ONE

IFRS Overview

  • The Global movement to IFRS

  • Principles vs. rule-based approach to accounting

  • US GAAP Convergence IFRS Core Concepts

  • IAS 1 and Conceptual Framework

  • Purpose and rationale for the conceptual framework

  • Overview of significant changes to the framework
    - Reason for the changes
    - Impact on IFRS reporting

  • Fundamental and enhancing qualitative characteristics of financial statements
  • Materiality and aggregation

Assets under IFRS

  • IAS 16: Property, Plant and Equipment

  • Cost capitalisation criteria

  • Repairs and maintenance

  • Component accounting and depreciation

  • Revaluation methodology

  • Establishing capitalization thresholds

  • Decommissioning costs

  • Guidance on self-constructed assets

Case Study: Exercises and group discussion of different scenarios to determine if costs can be capitalised and an exercise on the application of component accounting followed by in depth group discussion.

DAY TWO

Assets under IFRS (continued)

  • IAS 40: Investment Property

  • What is investment property

  • Accounting alternative for investment properties

  • IAS 36: Impairment of Non-Current Assets

  • Principles what is impairment

  • Key stages in the impairment process

  • Application of impairment adjustments

  • Guidelines for impairment reversals

Case Study: Identification of cash generating units; numerical application of impairment.

Accounting for Liabilities

  • IAS 37: Provisions, Contingent Liabilities and Contingent Assets

  • Definitions and concepts to determine if provisions

  • Identifying the obligating event

  • Legal and constructive obligations

  • Estimating provisions

  • Recognition criteria

  • Restructuring and onerous contracts

  • Treatment of contingent assets and liabilities

Case Study: Exercise on determining the tax base and carrying values followed by a comprehensive numerical example on determining deferred tax.

Financial Statement Presentation

  • IFRS 5: Non-Current Assets Held for Sale and Discontinued Operations

  • Purpose of this standard

  • Criteria to determine held for sale / discontinued operations

  • Accounting treatment under IFRS 5

  • IFRS 8: Operating Segments

  • Purpose of the standard

  • How the management-based approach works

  • Identification of reportable segments

  • Role of the chief operating decision makers (CODM)

  • Reportable segment thresholds

DAY THREE

EDUCATIONAL PARTNER

IABFM - International Academy of Business and Financial Management

The International Academy of Business and Financial Management™ is one of the world’s fastest growing professional associations with more than 200,000 members, associates and affiliates in 145 countries. IABFM™ hosts and organizes certification training worldwide and offers exclusive board designations to candidates who meet the highest professional standards and assessment criteria. The IABFM is credited by the American National Standards Institute (ANSI) the International Standards setting authority.

03

05

Introducing LEORONʼs mobile app!

LeoronGo

Your Professional Development

Institute in the palm of your hand!

WEBADVISOR • MOODLE • COURSE SCHEDULE •

COURSE CATALOG • STUDENT SERVICES • AND MORE!

NOW AVAILABLE

Who Should Attend?

This highly practical and interactive course has been specifically designed for:

  • Heads of Finance

  • Chief Accountants

  • Financial Controllers

  • Prepares of IFRS financial statements

  • Analysts requiring knowledge of IFRS compliant statements

  • External and Internal Auditors

04

05

05

05

Reviews

Submit Review

Overall rating *

Add a photo

REVIEW SUBMITED-THANK YOU

We are processing your review. This may take several days, so we appreciate your patience. We will notify you when this is complete.

RELATED COURSES

FMM Financial Modelling Master

Advanced Diploma in Financial Modelling Using Excel and VBA

4.9

Dec 08 - 12, 2019

Dubai, UAE

35 NASBA CPE credits

5 days

FMM Financial Modelling Master

Advanced Diploma in Financial Modelling Using Excel and VBA

An intensive 5 day workshop that'll help you understand all those intimidating Excel and Visual Basic for Application (VBA) models. Given the importance of this software in financial models, our program can assist you overcome any trouble that can obstruct your further development in the field. You will also gain the FMM™ Financial Modeling Master designation. We encourage you to take our ‪‎FMM‬™ course, the leading program that deals with ‪financial modeling‬ via Microsoft ‪Excel‬ with Visual Basic for Application. Course will be led by expert...

CBA Certified Budget Analyst

Advanced Tools in Budgeting, Forecasting & Reporting

4.8

Dec 08 - 12, 2019

Dubai, UAE

35 NASBA CPE credits

5 days

CBA Certified Budget Analyst

Advanced Tools in Budgeting, Forecasting & Reporting

The ‪#‎CBA is the course when it comes to ‪#‎budget planing and accounting. During a 5 day course, our trainer will guide you through the process of attaining full understanding on the concept of ‪#‎PowerPivotsthat handle 200 million rows of data and Monte Carlo simulation using Crystal Ball in Excel.

CCM Certificate in Cash Management

4.9

Dec 08 - 12, 2019

Dubai, UAE

35 NASBA CPE credits

5 days

Upon completion of this course, the participants will be able to understand the impact of accounting transactions on profits and cash resources and what is working capital and its impact on funding requirements. Each participant will be able to analyse working capital efficiency and understand and quantify the impact of inventory on profits and cash flows.

CVAT Certificate in Value Added Tax Implementation

4.9

Dec 08 - 09, 2019

Dubai, UAE

14 NASBA CPE credits

2 days

This course introduces the basics of Value Added Tax. As such, no great understanding of VAT is required as the course will build from the absolute basics through to some of the more complex issues such as exemption. The workshop does not focus on VAT as applied any one country but takes a global view.

FREQUENTLY ASKED QUESTIONS

Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.

LEORON Institute partners with 20+ international bodies and associations.
We also award continuing professional development credits (CPE/PDUs) for:
1. NASBA (National Association of State Boards of Accountancy)
2. Project Management Institute PDUs
3. CISI credits
4. GARP credits
5. HRCI recertification credits
6. SHRM recertification credits

The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +971 4 447 5711 or [email protected].

The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.

Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.

Radiating Social