International Financial Reporting Standards Demystified

This intensive seminar will give non-financial executives a full understanding of the business implications of International Financial Reporting Standards (IFRS). IFRS will have implications not only for financial reporting and areas such as taxation and financing, but also for management reporting, budgeting and forecasting throughout the organization. In particular, it may affect the enterprise’s key performance indicators, and therefore performance-related compensation. Non Financial Executives will want to understand and be comfortable with management’s approach for identifying and resolving potential issues in respect of IFRS. Non Financial Executives will likely need help in understanding the changes that the transition will trigger in management and financial reporting as well as operations. IFRS will significantly change each enterprise’s financial statements, and Non Financial Executives may need to understand the nature of the accounting policy changes and the potential impact of these changes on the accounting information they use.

Course Duration

One Day

Programme

Framework for the Preparation and Presentation of Financial Statements
IFRS 1 First-time Adoption of International Financial Reporting Standards
IFRS 2 Share-based Payment
IFRS 3 Business Combinations
IFRS 4 Insurance Contracts
IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
IFRS 6 Exploration for and Evaluation of Mineral Resources
IFRS 7 Financial Instruments: Disclosures
IFRS 8 Operating Segments
IAS 1 Presentation of Financial Statements
IAS 2 Inventories
IAS 7 Cash Flow Statements
IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
IAS 10 Events after the Balance Sheet Date
IAS 11 Construction Contracts
IAS 12 Income Taxes
IAS 16 Property, Plant and Equipment
IAS 17 Leases
IAS 18 Revenue
IAS 19 Employee Benefits
IAS 20 Accounting for Government Grants and Disclosure of Government Assistance
IAS 21 The Effects of Changes in Foreign Exchange Rates
IAS 23 Borrowing Costs
IAS 24 Related Party Disclosures
IAS 26 Accounting and Reporting by Retirement Benefit Plans
IAS 27 Consolidated and Separate Financial Statements
IAS 28 Investments in Associates
IAS 29 Financial Reporting in Hyperinflationary Economies
IAS 31 Interests in Joint Ventures
IAS 32 Financial Instruments: Presentation
IAS 33 Earnings per Share
IAS 34 Interim Financial Reporting
IAS 36 Impairment of Assets
IAS 37 Provisions, Contingent Liabilities and Contingent Assets
IAS 38 Intangible Assets
IAS 39 Financial Instruments: Recognition and Measurement
IAS 40 Investment Property
IAS 41 Agriculture

Cost:

R4000-00 per person for less than 15 students per company
R3800-00 per person for a group of more than 25 students per company

Who will benefit:

• Risk managers
• Internal auditors
• Audit committees
• Legal advisors
• Business unit managers
• Marketing directors
• Human Resource directors
• Operation directors
• Technical directors
• CEOs and MDs