International Financial Reporting Standards (IFRS) Framework

Course Overview

In today’s complex global business landscape, adhering to international accounting standards is paramount for financial accuracy, transparency, and compliance. The International Financial Reporting Standards (IFRS) Framework training by Pideya Learning Academy provides an advanced understanding of these global standards, equipping finance and accounting professionals with the skills necessary to navigate the intricacies of international financial reporting.

As businesses continue to expand across borders, the demand for professionals adept at applying IFRS is surging. According to a 2024 report by the International Accounting Standards Board (IASB), over 140 jurisdictions globally mandate or permit IFRS for financial reporting, affecting organizations across industries. Moreover, recent global economic fluctuations have heightened the need for precise financial reporting to mitigate risks and ensure compliance. This makes IFRS proficiency a vital competency for financial leaders.

This advanced program focuses on enhancing your theoretical understanding and strategic application of IFRS in diverse financial scenarios. Participants will dive deep into advanced accounting topics, including business combinations, financial instruments, income tax accounting, and consolidated financial statements. The course ensures participants can confidently apply these standards, enabling their organizations to maintain accuracy and credibility in their financial disclosures.

By joining this program, participants will gain insights into essential aspects of IFRS, such as the classification of financial assets under IFRS 9, measuring goodwill during business combinations, and consolidating financial statements for complex organizational structures. This comprehensive approach prepares professionals to address the challenges of global financial reporting while maintaining compliance with regulatory frameworks.

Key highlights of the training include:

Develop the ability to calculate and present total comprehensive income effectively.

Master the classification and accounting for financial assets as outlined in IFRS 9.

Apply the equity method for investments with significant influence to ensure accurate reporting.

Understand and execute consolidation processes for group financial statements.

Gain expertise in measuring and accounting for goodwill in business combinations.

Learn strategies to present income tax transactions, ensuring compliance with IAS 12

By integrating these elements into its curriculum, Pideya Learning Academy ensures that participants are equipped with actionable knowledge to meet the demands of today’s financial environments. Designed with a forward-thinking approach, this training fosters a deeper understanding of the IFRS framework, enabling professionals to contribute to their organizations’ strategic goals.

Through real-world examples and interactive discussions, the program encourages the exploration of advanced concepts in financial reporting. This course is not only a knowledge-building journey but also a career-enhancing opportunity for those seeking to stay ahead in the competitive field of international financial reporting.

Course Objectives

After completing this Paideia Learning Academy training, participants will learn to:

Identify the components of comprehensive income and other comprehensive income.

Account for income taxes and distinguish between current and deferred taxes.

Classify various types of investments in compliance with IFRS 9.

Apply the principles of control and power to consolidate financial statements.

Define significant influence and implement the equity method.

Execute the necessary steps in business combinations and account for goodwill.

Training Methodology

At Pideya Learning Academy, our training methodology is designed to create an engaging and impactful learning experience that empowers participants with the knowledge and confidence to excel in their professional roles. Our approach combines dynamic instructional techniques with interactive learning strategies to maximize knowledge retention and application.

Key elements of the training methodology include:

Engaging Multimedia Presentations: Visually rich presentations with audio-visual elements to simplify complex concepts and ensure clarity.

Interactive Group Discussions: Participants engage in thought-provoking discussions, sharing insights and perspectives to enhance understanding and collaboration.

Scenario-Based Learning: Real-world scenarios are introduced to contextualize theoretical knowledge, enabling participants to relate it to their work environment.

Collaborative Activities: Team-based exercises encourage problem-solving, critical thinking, and the exchange of innovative ideas.

Expert Facilitation: Experienced trainers provide in-depth explanations, guiding participants through intricate topics with clarity and precision.

Reflective Learning: Participants are encouraged to reflect on key takeaways and explore ways to incorporate newly acquired knowledge into their professional practices.

Structured Learning Pathway: The course follows a “Discover-Reflect-Implement” structure, ensuring a systematic progression through topics while reinforcing key concepts at every stage.

This dynamic methodology fosters a stimulating environment that keeps participants engaged, encourages active participation, and ensures that the concepts are firmly understood and can be effectively utilized in their professional endeavors. With a focus on fostering a deeper connection between learning and application, Pideya Learning Academy empowers participants to unlock their potential and drive impactful outcomes in their roles.

Organizational Benefits

Organizations enrolling their team members in this training will:

Strengthen their financial reporting accuracy and compliance.

Build internal expertise to address complex accounting challenges.

Enhance transparency and credibility in financial disclosures.

Ensure alignment with the latest IFRS updates and global accounting standards.

Reduce the risk of reporting errors and regulatory non-compliance.

Personal Benefits

Participants who attend this course will:

Advance their knowledge and application of IFRS standards.

Gain confidence in tackling complex financial reporting scenarios.

Enhance their analytical and decision-making skills in accounting contexts.

Acquire a competitive edge in their professional accounting careers.

Stay updated with the latest developments in international financial reporting.

Who Should Attend?

Finance and accounting professionals aiming to deepen their IFRS expertise.

Individuals seeking advanced knowledge of investment accounting and financial instruments.

Professionals involved in preparing or reviewing consolidated financial statements.

Accounting practitioners dealing with complex business combinations.

Auditors and consultants specializing in financial reporting and compliance.

Senior finance managers and executives responsible for regulatory reporting.

Course Outline