International Financial Reporting Standards (IFRSs) are the world’s most widely applied accounting standards. More than 150 countries now require or permit the use of IFRSs.

This five-day course provides a rigorous and detailed overview of all major technical IFRS requirements and includes illustrative financial statements, case studies, examples and interactive participation from the delegates.

This program answers questions such as:

• How should IFRS recognition and measurement requirements be applied in practice?
• What are the disclosure requirements of IFRSs and how can preparers ensure that they meet users’ needs?
• How do companies apply requirements of the IFRS Sustainability Disclosure Standards

What can you expect from this event?

• Five days of classroom tuition presented by our most senior instructors
• A VantagePoint welcome pack
• A hosted VantagePoint dinner on one evening of your course
• VantagePoint guest speaker presentations and technology demonstrations
• Collaborative learning and discussion with fellow attendees

Introduction to IFRSs

IFRS standard setting – the bodies and due process
Conceptual framework
Fair value measurement (IFRS 13)
Content of IFRS financial statements
Presentation of financial statements (IAS 1)
Statement of cash flows (IAS 7)
Accounting policies, changes in accounting estimates and errors (IAS 8)
Discontinued operations (IFRS 5)
Events after the reporting period (IAS 10)
Operating segments (IFRS 8)
Interim financial reporting (IAS 34)

Assets
Inventories (IAS 2)
Property, plant and equipment (IAS 16)
Borrowing costs (IAS 23)
Intangible assets (IAS 38)
Investment property (IAS 40)
Impairment of assets (IAS 36)

Liabilities
Leases (IFRS 16)
Employee benefits (IAS 19)
Provisions, contingent liabilities and contingent assets (IAS 37)

Financial instruments
Presentation (IAS 32)
Recognition and measurement (IFRS 9)
Disclosures (IFRS 7)

Income taxes
Income taxes (IAS 12)

Revenue
Revenue from contracts with customers (IFRS 15)

Government grants and assistance
Accounting for government grants and disclosure of government assistance (IAS 20)

Foreign currency issues
Effects of changes in foreign exchange rates (IAS 21)

Business combinations and interests in other entities
Business combinations (IFRS 3)
Consolidated financial statements (IFRS 10)
Investments in associates and joint ventures (IAS 28)
Joint arrangements (IFRS 11)

IFRS Sustainability Disclosure Standards

• Group live instruction complemented with clear, practical examples to ensure understanding of key IFRS concepts and sustainability disclosures.
• Detailed explanation of IFRS technical accounting requirements and sustainability disclosure standards, presented in accessible and straightforward language.
• Case studies and real-world examples to demonstrate the practical application of IFRS standards in diverse business contexts.
• Interactive participation encouraged, fostering group discussions, Q&A sessions, and knowledge-sharing among participants to reinforce learning.
• In line with VantagePoint’s sustainability commitment, all course materials are provided in soft copy, with printed handouts limited to in-class exercises only.
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This course provides you with 40 hours of CPE/CPD credits.

VantagePoint is currently in the process of registering with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.