IFRS for Finance Teams
About this course

Overview

Four standards generate most of the argument at year end: revenue, leases, financial instruments and impairment. You work through them on real published disclosures, which is where the judgement calls actually live, rather than on the clean examples that never appear in practice.

What you will be able to do

Learning outcomes

  • Recognise revenue under the five-step model
  • Account for lease assets and liabilities
  • Classify financial instruments correctly
  • Calculate expected credit loss provisions
  • Draft and check IFRS disclosures
What the course sets out to do

Course objectives

  • Apply the revenue recognition model in practice
  • Account for leases under current standards
  • Classify and measure financial instruments
  • Apply the expected-credit-loss impairment model
  • Prepare and review compliant disclosures
Course content

Modules

01

Revenue Recognition

Applies the five-step revenue model to real contracts and disclosures.

02

Leases

Accounts for right-of-use assets and lease liabilities in the accounts.

03

Financial Instruments

Classifies and measures instruments under the current standard.

04

Impairment

Applies the expected-credit-loss model to assets and receivables.

05

Disclosure Requirements

Prepares and reviews the notes that support the primary statements.

06

Judgement and Estimates

Handles the estimation and judgement areas that draw auditor attention.

Who it is for

Target audience

Financial accountants, controllers, and reporting teams applying IFRS.

Before you start

Prerequisites

Working in a finance or reporting role. A general accounting grounding is assumed.

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