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IFRS for Upstream Oil, Gas Sector - GBA -Professional London Training Center , Australia, Germany, India, Netherlands, Turkey, UAE, United Kingdom, Dubai, Delhi, Mumbai, Sydney, London, Istanbul, Frankfurt, Munich, The Hague

Wed, 17 Dec 2025 22:40:51 +04

This five-day workshop offers a comprehensive review of key IFRS requirements relevant to the upstream oil and gas sector, with a focus on regulatory reporting and the varied accounting practices arising from its unique commercial and contractual arrangements. The programme covers applicable IFRSs through practical case studies, real-world examples, and interactive exercises, encouraging active participant engagement. It incorporates the latest IFRS pronouncements, ensuring participants are fully up to date on current requirements. Additionally, the workshop equips attendees with practical guidance on researching accounting issues and tracking future developments in financial reporting.

Objective

Apply IFRS requirements to oil and gas exploration, development, and production activities
Determine when costs should be capitalized or expensed under IFRS during the exploration and development phases
Identify key differences between financial statements prepared under IFRS and those prepared under Production Sharing Agreements (PSAs)
Assess the impact of different units-of-production methods on the calculation of depreciation, depletion, and amortization (DD&A)
Explain the main assumptions required for impairment testing and for recognizing decommissioning provisions under IFRS

Cost: 4250 USD

Duration: 5 Days

IFRS and International Standards on Auditing - GBA -Professional London Training Center , Australia, Germany, India, Netherlands, Turkey, UAE, United Kingdom, Dubai, Delhi, Mumbai, Sydney, London, Istanbul, Frankfurt, Munich, The Hague

Wed, 17 Dec 2025 19:16:29 +04

Overview
International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA) are globally recognized frameworks established by the International Accounting Standards Board (IASB) and the International Auditing and Assurance Standards Board (IAASB) respectively. This comprehensive course on International Financial Reporting Standards and International Standards on Auditing is designed to provide finance professionals, accountants, auditors, and other stakeholders with a thorough understanding of these standards and their application in financial reporting and auditing practices worldwide.

Throughout the course, participants will explore key principles, concepts, and requirements of IFRS and ISA, focusing on their significance in promoting transparency, comparability, and reliability in financial reporting and auditing. Emphasis is placed on understanding the underlying principles and objectives of these standards and their impact on financial reporting and auditing practices in different jurisdictions.

Participants will learn how to apply IFRS principles and requirements to prepare and present financial statements in accordance with global accounting standards. The course covers topics such as recognition, measurement, presentation, and disclosure requirements for various financial instruments, assets, liabilities, and equity, as well as the latest updates and amendments to IFRS issued by the IASB.

Additionally, the course explores the role of ISA in providing a framework for conducting high-quality audits and enhancing audit quality and consistency worldwide. Participants will gain insights into the key requirements and principles of ISA, including audit planning, risk assessment, audit evidence, internal control evaluation, and reporting, as well as the latest developments and revisions to ISA issued by the IAASB.

Furthermore, the course examines the interaction between IFRS and ISA, particularly in relation to the audit of financial statements prepared in accordance with IFRS. Participants will learn how auditors apply ISA requirements to assess the reliability and integrity of financial statements prepared under IFRS and provide assurance on their compliance with applicable accounting standards and regulatory requirements.

Overall, the International Financial Reporting Standards and International Standards on Auditing course equip participants with the knowledge, skills, and tools necessary to understand, interpret, and apply IFRS and ISA effectively in financial reporting and auditing practices. By mastering these essential concepts and techniques, participants can enhance their ability to comply with global accounting and auditing standards, prepare accurate and reliable financial statements, and conduct high-quality audits that provide assurance to stakeholders.

Cost: 4250 USD

Duration: 5 Days

IFRS for Banking IFRS 9 - GBA -Professional London Training Center , Australia, Germany, India, Netherlands, Turkey, UAE, United Kingdom, Dubai, Delhi, Mumbai, Sydney, London, Istanbul, Frankfurt, Munich, The Hague

Wed, 17 Dec 2025 01:04:57 +04

Overview

The IFRS 9 financial instruments course demands a clear understanding of the entity's business model and contractual cash flow characteristics of financial assets.

This course provides an in-depth analysis of IFRS 9 Financial Instruments. It provides numerous examples and illustrations to explain the business model and the cash flow characteristics test for classification of financial assets, amortised cost and fair value measurement of financial assets and financial liabilities, de-recognition of financial assets (retained servicing, continuing involvement etc.), measurement of expected credit losses and the accounting and impact of different types of hedges on financial statements. In addition, it covers the disclosures in IFRS 7 and the principles of fair value measurement in IFRS 13.

Objective

Identify the key topics in IFRS 9, including recent regulatory updates.
Assess the major changes in accounting principles for financial instruments.
Understand the regulatory framework for financial instruments by reviewing IAS 32, IFRS 7, IFRS 9, IFRS 13, and relevant IFRIC guidance.
Classify and measure financial liabilities under the two categories in IFRS 9.
Evaluate the principles of fair value measurement in IFRS 13.
Classify, measure, and account for financial assets and liabilities using the business model and SPPI (Solely Payments of Principal and Interest) tests under IFRS 9.
Apply the expected credit loss (ECL) model, including recognition and measurement of 12-month and lifetime ECLs, credit risk stage assessment, and use of both general and simplified impairment approaches.
Design and account for hedge strategies by understanding hedging requirements, evaluating hedge effectiveness, and calculating hedging costs.
Analyze the financial and operational impacts of IFRS 9 on banks and other financial institutions.

Cost: 4250 USD

Duration: 5 Days

IFRS 17 - Insurance - GBA -Professional London Training Center , Australia, Germany, India, Netherlands, Turkey, UAE, United Kingdom, Dubai, Delhi, Mumbai, Sydney, London, Istanbul, Frankfurt, Munich, The Hague

Wed, 17 Dec 2025 00:58:54 +04

Overview

IFRS 17 - Insurance, also known as the International Financial Reporting Standard 17, is a global accounting standard developed by the International Accounting Standards Board (IASB) that governs the accounting treatment of insurance contracts. This specialized course is designed to provide finance professionals, actuaries, accountants, auditors, and business leaders with a comprehensive understanding of IFRS 17 and its implications for insurance contract ;IFRS 17 is effective for annual reporting periods beginning on or after 1 January 2021 with earlier application permitted as long as IFRS 9 and IFRS 15 are also applied.

IFRS 17 applies to all insurance contracts issued, including reinsurance. IFRS 17 also applies to certain investment contracts with discretionary participation. The standard does not relate only to insurance companies, but to all entities engaging in insurance contracts. IFRS 17 in principle, transfers all the principles from IFRS 4 to identify an insurance ;Through this training, participants will gain the skills needed to analyze IFRS 17’s impact on financial statements, ensuring a solid foundation for future compliance.

Participants will learn how to apply IFRS 17 principles and requirements to accurately account for insurance contracts in financial statements. The course covers techniques for identifying insurance contracts, determining contract boundaries, and assessing the expected cash flows and insurance contract liabilities.
Furthermore, the course examines the presentation and disclosure requirements of IFRS 17, including the format and content of insurance contract-related disclosures in financial statements. Participants will learn how to prepare comprehensive and transparent disclosures to provide stakeholders with meaningful information about insurance contracts and their financial implications.

Objectives

Understand what IFRS 17 is, including its purpose and significance in insurance accounting.
Measure the evolution of IFRS standards for insurance contracts.
Understand the changes in IFRS 17 from the current IFRS 4 Insurance Contracts
Learn the recognition criteria and measurement approaches for insurance contracts under IFRS 17.
Understand the accounting methodology prescribed by IFRS 17 and its impact on financial statements.
Explore IFRS 17 transition approaches and requirements, and their implications for financial reporting.
Appreciate the accounting methodology prescribed in IFRS 17 and evaluate its impact on the financial statements
Comprehend IFRS 9 transition requirements for insurance companies
Understand the differences between IFRS 9 and IFRS 17.

Cost: 4250 USD

Duration: 5 Days

IFRS15 Revenue Recognition,Real Estate Funding - GBA -Professional London Training Center , Australia, Germany, India, Netherlands, Turkey, UAE, United Kingdom, Dubai, Delhi, Mumbai, Sydney, London, Istanbul, Frankfurt, Munich, The Hague

Tue, 16 Dec 2025 22:56:13 +04

Overview

IFRS 15 – which became effective for annual periods beginning on or after 1 January 2018 – established a comprehensive framework for determining when revenue should be recognised and how it should be measured.

This course will provide an overview of IFRS 15, with a focus on exploring the common application challenges relating to both point in time and over time revenue recognition and measurement. Examples will be used throughout to explain key concepts and illustrate their application.

This training program also offers participants a comprehensive insight into real estate financing and investments, emphasizing a comparative analysis with conventional financing and investment approaches. Attendees will acquire a thorough understanding of diverse facets within the real estate sector, covering fundamental principles, risk management strategies in real estate investment, and enhancing decision-making skills in the domain.

Objective

Understand and apply the five-step approach for determining how and when to recognize revenue.
Learn practical applications of the revenue recognition standard.
Account for contract modifications accurately under the standard.
Determine when to capitalize contract costs.
Comply with presentation and disclosure requirements.
Gain insight into the real estate sector and its operational dynamics.
Understand the different types of investors in the real estate business.
Explore financing options available for commercial and individual real estate investments.
Apply traditional finance and investment theories to real estate business decision-making.
Construct investment portfolios using REITs (Real Estate Investment Trusts) and equity instruments.

Cost: 4250 USD

Duration: 5 Days

International Financial Reporting Standards ( IFRS) - GBA -Professional London Training Center , Australia, Germany, India, Netherlands, Turkey, UAE, United Kingdom, Dubai, Delhi, Mumbai, Sydney, London, Istanbul, Frankfurt, Munich, The Hague

Tue, 16 Dec 2025 22:49:16 +04

Overview

International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB) to provide a common global framework for financial reporting by companies across different countries and industries. This specialized course is designed to provide finance professionals, accountants, auditors, and business leaders with a comprehensive understanding of IFRS and its application in financial reporting.

IFRS is recognized as the global accounting standard applicable to all sectors of business. Its implementation spans various industries and organizations. The key challenge lies in staying abreast of the continuous changes and newly introduced standards. Hence, acquiring the skills to effectively apply these standards is not merely an option but a necessity for accountants, auditors, financial analysts, and professionals in the financial domain.

Accurate adherence to IFRS brings numerous advantages to organizations, including heightened investor confidence, increased consistency, and transparency in financial reporting, along with the ability to compare financial information across global companies. This course is designed to ensure comprehensive awareness of recent developments in international accounting, providing thorough guidance on the successful integration of IFRS within your organization.

Throughout the course, participants will delve into key topics related to IFRS, including the conceptual framework of financial reporting, recognition and measurement of assets, liabilities, income, and expenses, presentation and disclosure requirements, and the adoption and implementation of IFRS in practice. Emphasis is placed on understanding the principles-based approach of IFRS and its implications for financial reporting and analysis.

Overall, the IFRS course empowers participants with the knowledge and skills necessary to understand, interpret, and apply IFRS principles and standards effectively in financial reporting. By mastering these essential concepts and techniques, participants can enhance their ability to prepare high-quality financial statements, comply with global accounting requirements, and make informed financial decisions based on reliable and transparent financial information.

Objective

Apply core IFRS principles and accounting policies accurately and effectively.
Prepare income statements and balance sheets in full compliance with IFRS guidelines.
Interpret and develop comprehensive cash flow statements according to IFRS standards.
Account for different asset classes using IFRS-compliant methods.
Understand and apply reporting requirements for business combinations and joint ventures under IFRS.

Cost: 4250 USD

Duration: 5 Days

IFRS 9 Financial Instruments - GBA -Professional London Training Center , Australia, Germany, India, Netherlands, Turkey, UAE, United Kingdom, Dubai, Delhi, Mumbai, Sydney, London, Istanbul, Frankfurt, Munich,Dubai,Mumbai,United Kingdom

Fri, 19 Apr 2019 16:01:22 +04

Course overview
Currently, IFRS consists of two principles-based standards, IAS 18 Revenue and IAS 11 (Construction Contracts) and three IFRS Interpretations. These were criticized for failing to provide adequate guidance on application - they have been described as 'vague and inconsistent'. The IASB and the US Financial Accounting Standards Board (FASB) collaborated on a project to develop improved, converged standards for revenue.

Preparers must develop a policy for measuring the amount and timing for recognizing revenue for goods and services. Revenue is a key performance indicator that drives the recognition of expenses and profits and valuation of an entity.

The IASB's standard, IFRS 15 is mandatory for periods beginning on or after 1 January 2018 with early application permitted.

IAS 16 focused on identifying when a lease is economically similar to purchasing the asset being leased and therefore classified as a finance lease. All other assets were classified as operating leases and not reported on a company's balance sheet (they were 'off balance sheet leases').

The absence of information about leases on the balance sheet meant that investors and analysts did not have a complete picture of the financial position of a company, and were unable to properly compare companies that borrow to buy assets with those that lease assets, without making adjustments. In 2005, the US Securities and Exchange Commission (SEC) expressed concerns about the lack of transparency of information about lease ;

Responding to those concerns, the IASB and the FASB initiated a project to improve the accounting for leases. IFRS 16 is effective for annual reporting periods beginning on or after 1 January 2019.

IFRS 9 is the new accounting standard for financial instruments that will have an impact on International banks and financial institutions worldwide. Numerous changes are in place, designed to make annual reports more meaningful to investors as well as simplify how auditors implement the rules and introduce safeguards to ensure that a severe credit crises cannot emerge again.

IAS 39 has been replaced with a new standard IFRS 9, which removes the restrictions and accounting anomalies contained in IAS 39 improving the reporting standards and transparency. Many of the users of financial statements told the IASB that the requirements in IAS 39 were difficult to understand, apply and interpret.

IFRS 9 sets out the requirements for recognising and measuring financial assets, financial liabilities and come contracts to buy or sell non-financial assets.

IFRS 17 is effective for annual reporting periods beginning on or after 1 January 2021 with earlier application permitted as long as IFRS 9 and IFRS 15 are also applied.

Insurance contracts combine features of both a financial instrument and a service contract. In addition, many insurance contracts generate cash flows with substantial variability over a long period. To provide useful information about these features, IFRS 17:

combines current measurement of the future cash flows with the recognition of profit over the period that services are provided under the contract;
presents insurance service results (including presentation of insurance revenue) separately from insurance finance income or expenses; and
requires an entity to make an accounting policy choice of whether to recognise all insurance finance income or expenses in profit or loss or to recognise some of that income or expenses in other comprehensive income.

This course will focus on the requirements of the new standards, IFRS 9, IFRS 15, IFRS 16 and IFRS 17.

Course objectives

Learn the scope of the new revenue recognition standard
Apply the five steps to recognise revenue
Understand the required changes to measurement of revenue
Plan how to implement the transition
Identify new presentation and disclosure requirements
Comply with the new accounting and disclosure requirements for leases
Analyse contracts to determine whether they contain leases
Apply the rules for initial and subsequent measurement by lessors and lessees
Plan for the implications of the new accounting standards for leases - what it means for you
Understand how IFRS 9 is developed and implemented in practice
Identify practical implementation issues together with solutions
See how the standard can be implemented in practice in a simplified and effective manner.
Better understanding of hedge accounting requirements

Cost: 5000 USD

Duration: Upto 5 Days

IFRS 16 Leases - GBA -Professional London Training Center , Australia, Germany, India, Netherlands, Turkey, UAE, United Kingdom, Dubai, Delhi, Mumbai, Sydney, London, Istanbul, Frankfurt,Dubai,Mumbai,United Kingdom

Fri, 19 Apr 2019 15:59:36 +04

Currently IFRS consists of two principles-based standards, IAS 18 Revenue and IAS 11 (Construction Contracts) and three IFRS Interpretations. These were criticised for failing to provide adequate guidance on application - they have been described as 'vague and inconsistent'. The IASB and the US Financial Accounting Standards Board (FASB) collaborated on a project to develop improved, converged standards for revenue.
Preparers must develop a policy for measuring the amount and timing for recognising revenue for goods and services. Revenue is a key performance indicator that drives the recognition of expenses and profits and valuation of an entity.

The IASB's standard, IFRS 15 is mandatory for periods beginning on or after 1 January 2018 with early application permitted.

IAS 16 focused on identifying when a lease is economically similar to purchasing the asset being leased and therefore classified as a finance lease. All other assets were classified as operating leases and not reported on a company's balance sheet (they were 'off balance sheet leases').

The absence of information about leases on the balance sheet meant that investors and analysts did not have a complete picture of the financial position of a company, and were unable to properly compare companies that borrow to buy assets with those that lease assets, without making adjustments. In 2005, the US Securities and Exchange Commission (SEC) expressed concerns about the lack of transparency of information about lease ;

Responding to those concerns, the IASB and the FASB initiated a project to improve the accounting for leases. IFRS 16 is effective for annual reporting periods beginning on or after 1 January 2019.

IFRS 9 is the new accounting standard for financial instruments that will have an impact on International banks and financial institutions worldwide. Numerous changes are in place, designed to make annual reports more meaningful to investors as well as simplify how auditors implement the rules and introduce safeguards to ensure that a severe credit crises cannot emerge again.

IAS 39 has been replaced with a new standard IFRS 9, which removes the restrictions and accounting anomalies contained in IAS 39 improving the reporting standards and transparency. Many of the users of financial statements told the IASB that the requirements in IAS 39 were difficult to understand, apply and interpret.

IFRS 9 sets out the requirements for recognising and measuring financial assets, financial liabilities and come contracts to buy or sell non-financial assets.

IFRS 17 is effective for annual reporting periods beginning on or after 1 January 2021 with earlier application permitted as long as IFRS 9 and IFRS 15 are also applied.

Insurance contracts combine features of both a financial instrument and a service contract. In addition, many insurance contracts generate cash flows with substantial variability over a long period. To provide useful information about these features, IFRS 17:

combines current measurement of the future cash flows with the recognition of profit over the period that services are provided under the contract;
presents insurance service results (including presentation of insurance revenue) separately from insurance finance income or expenses; and
requires an entity to make an accounting policy choice of whether to recognise all insurance finance income or expenses in profit or loss or to recognise some of that income or expenses in other comprehensive income.

This course will focus on the requirements of the new standards, IFRS 9, IFRS 15, IFRS 16 and IFRS 17.

Course objectives

Learn the scope of the new revenue recognition standard
Apply the five steps to recognise revenue
Understand the required changes to measurement of revenue
Plan how to implement the transition
Identify new presentation and disclosure requirements
Comply with the new accounting and disclosure requirements for leases
Analyse contracts to determine whether they contain leases
Apply the rules for initial and subsequent measurement by lessors and lessees
Plan for the implications of the new accounting standards for leases - what it means for you
Understand how IFRS 9 is developed and implemented in practice
Identify practical implementation issues together with solutions
See how the standard can be implemented in practice in a simplified and effective manner.
Better understanding of hedge accounting requirements

Cost: 5000 USD

Duration: 5 Days

IFRS 15 Revenue Contracts with Customers - GBA -Professional London Training Center , Australia, Germany, India, Netherlands, Turkey, UAE, United Kingdom, Dubai, Delhi, Mumbai, Sydney, London, Istanbul, Frankfurt, Munich,Dubai,Mumbai,United Kingdom

Fri, 19 Apr 2019 15:56:31 +04

Currently, IFRS consists of two principles-based standards, IAS 18 Revenue and IAS 11 (Construction Contracts) and three IFRS Interpretations. These were criticized for failing to provide adequate guidance on application - they have been described as 'vague and inconsistent'. The IASB and the US Financial Accounting Standards Board (FASB) collaborated on a project to develop improved, converged standards for revenue.

Preparers must develop a policy for measuring the amount and timing for recognising revenue for goods and services. Revenue is a key performance indicator that drives the recognition of expenses and profits and valuation of an entity.

The IASB's standard, IFRS 15 is mandatory for periods beginning on or after 1 January 2018 with early application permitted.

IAS 16 focused on identifying when a lease is economically similar to purchasing the asset being leased and therefore classified as a finance lease. All other assets were classified as operating leases and not reported on a company's balance sheet (they were 'off balance sheet leases').

The absence of information about leases on the balance sheet meant that investors and analysts did not have a complete picture of the financial position of a company, and were unable to properly compare companies that borrow to buy assets with those that lease assets, without making adjustments. In 2005, the US Securities and Exchange Commission (SEC) expressed concerns about the lack of transparency of information about lease ;

Responding to those concerns, the IASB and the FASB initiated a project to improve the accounting for leases. IFRS 16 is effective for annual reporting periods beginning on or after 1 January 2019.

IFRS 9 is the new accounting standard for financial instruments that will have an impact on International banks and financial institutions worldwide. Numerous changes are in place, designed to make annual reports more meaningful to investors as well as simplify how auditors implement the rules and introduce safeguards to ensure that a severe credit crises cannot emerge again.

IAS 39 has been replaced with a new standard IFRS 9, which removes the restrictions and accounting anomalies contained in IAS 39 improving the reporting standards and transparency. Many of the users of financial statements told the IASB that the requirements in IAS 39 were difficult to understand, apply and interpret.

IFRS 9 sets out the requirements for recognising and measuring financial assets, financial liabilities and come contracts to buy or sell non-financial assets.

IFRS 17 is effective for annual reporting periods beginning on or after 1 January 2021 with earlier application permitted as long as IFRS 9 and IFRS 15 are also applied.

Insurance contracts combine features of both a financial instrument and a service contract. In addition, many insurance contracts generate cash flows with substantial variability over a long period. To provide useful information about these features, IFRS 17:

combines current measurement of the future cash flows with the recognition of profit over the period that services are provided under the contract;
presents insurance service results (including presentation of insurance revenue) separately from insurance finance income or expenses; and
requires an entity to make an accounting policy choice of whether to recognise all insurance finance income or expenses in profit or loss or to recognise some of that income or expenses in other comprehensive income.

This course will focus on the requirements of the new standards, IFRS 9, IFRS 15, IFRS 16 and IFRS 17.

Cost: 5000 USD

Duration: Upto 5 Days