IFRS Training

The IFRS standards can be challenging, and their application requires a unique set of expertise. The level of the requirements is high and therefore high-quality financial reporting requires continuous maintenance and development of IFRS expertise.

Our IFRS training provides the basics for younger accountants and controllers, as well as updates regarding changes in IFRS reporting and some practical skills for more experienced accounting and financial staff.

Examples of the training content:

Module 1. Introduction – Differences between FAS and IFRS

Module 2. Acquisitions and other Asset related assessments

• IFRS 3, Business Combinations
• IAS 36, Impairment of Assets
• The weighted average cost of capital (WACC) calculations including documentation

Module 3. Critical accounting judgments: Revenue Recognition & Provisions

• Introduction – use of estimates and critical accounting judgments, followed by a deep dive on revenue recognition and provisions.
• IFRS 15 Revenue from Contracts with Customers
• IAS 37 Provisions, Contingent Liabilities, and Contingent Assets

Module 4. IFRS 16 Leases – New approach to accounting for leases

Module 5. IFRS 1 First-time Adoption of IFRS

Do you need competent and practical IFRS Consulting instead of training?

Read more about our IFRS services here!