Training in Basic concepts and principles of IFRS

Interest and purpose of the training

This comprehensive accounting standards training course will enable each participant to apply the concepts and basic principles of international IFRS standards in their professional environment.

This training course will feature:

• The basic concepts of accounting and financial reporting disclosures
• The scope, structure, contents and components of IFRS compliant financial statements, including underlying assumptions and related footnotes disclosures
• Measurement and recognition of the various elements of international accounting principles and standards, including transition concerns
• Revenue recognition and financial reporting requirements

Course outlines

• International Financial Reporting Standards (“IFRS”)
• Introduction, History and Overview of Existing and Future Standards
• Roles of the Various Accounting Standards Setting Bodies
• Objectives and Structure of the International Accounting Standards Board (“IASB”)
• Framework, Demand and Adoption of IFRS
• Structural Framework for the Preparation and Presentation of Financial Statements
• Revenue Recognition and Reporting Requirements
• IFRS and national accounting standards (case of countries adopting OCAM - SYSCOA-OHADA systems)

Useful Information