IFRS - International Financial Standards Bur Dubai, Dubai

Course details

IFRS- International Financial Standards Training at Bright Future Training Institute:

This course is about the International Financial Reporting Standards (IFRS). Nationally qualified accountants and auditors can now update their skills to meet the challenges involved in adopting and implementing IFRS in their workplace. An educational or vocational background in financial reporting is recommended before starting the Cert IFR.

This course also benefits ACCA members who gained their qualification prior to the introduction of IFRS. For ACCA members whose qualifications are already based on IFRS, The Cert IFRS is an opportunity to update their IFRS knowledge for recent IASB publications.

Exam:

• This will be assessed by a one hour multiple choice exam by ACCA UK
  
• Passing marks is 50%

Two certificates are awarded:
1. From Bright Future Training Institute (Recognized Certificate from KHDA)
2. From ACCA UK after successful Completion of Exam
 
THE SYLLABUS

1. The nature and operations of the IASB

• Structure of the IFRSF/IASB

• Extant standards of the IASB

• The framework.

• The use of IFRS around the world

• The IASB roadmap

• The annual IASB bound volume and its use.

• IAS 1, Presentation of financial statements

• IFRS 15, Revenue from contracts with customers

• IAS 8, accounting policies, changes in accounting estimates and errors.

• IAS 16, Property, plant and equipment

• IAS 38, Intangible assets

• IAS 40, Investment Property

• IAS 36, Impairment of assets

• IAS 23, Borrowing costs

• IAS 20, Accounting for government grants and disclosure of government assistance

• IAS 2, Inventories

• IAS 17, Leases

• IFRS 5, Non-current assets held for sale and discontinued operations

• IFRS 13, Fair Value Measurement
• IFRS 32, Financial instruments - presentation
• IFRS 9, Financial instruments
• IFRS 7, Financial instruments: disclosures
• IFRS 2, Share-based payment
• IAS 37, Provisions, contingent liabilities and contingent assets
• IAS 10, Events after the reporting period
• IAS 19, Employee benefits
• IAS 12, Income taxes
• IAS 41, Agriculture
• IFRS 6, Exploration for and evaluation of mineral resources. 

• IFRS 10, Consolidated Financial Statements
• IAS 27 (revised 2011), Separate financial statements
• IFRS 3, Business Combinations
• IAS 28 (revised 2011), Investments in associates and joint ventures
• IFRS 11, Joint arrangements
• IFRS 12, Disclosure of interests in other entities
• IAS 21, The effects of changes in foreign exchange rates
• IAS 29, Financial reporting in hyperinflationary economies.

• IAS 7, Statement of cash flows
• IAS 24, Related party disclosures
• IAS 33, Earnings per share
• IAS 34, Interim financial reporting
• IFRS 4, Insurance contracts
• IFRS 1, First time adoption of IFRS
• IFRS 8, operating segments.