IFRS-International Financial Reporting Standards Workshop Training Course
A 3-day intermediate-level financial training course on international financial reporting standards (IFRS).
What you will learn in this practical IFRS training course:
This intermediate IFRS course provides for a thorough review of the most relevant parts of the IAS/IFRS framework.All topics will be accompanied with examples and cases to illustrate effective application.
Issues that arise in practice will be discussed and you are encouraged to participate by tabling company specific issues you've encountered.
Additionally, more specific issues will be discussed as there are: income taxes, capitalization of expenses, lease applications and foreign currency treatment.
Particular attention will be devoted to financial products during day 3 given their relevance in today's economic environment and media attention they recently received.
IFRS Training Course Agenda
"The whole course was well arranged, co-ordinated and well presented." - A.R., Deputy Manager, Guaranty Trust Assurance, Nigeria
"I think this is a comprehensive course..." - A.W., Finance Manager, Gulf Takaful, Kuwait
IASB and the conceptual framework
- The content of the IASB Framework
- Assessment of the IASB framework
- Convergence and the IASB-FASB framework project
- IASB-FASB exposure draft & discussion paper
- Measurement bases for financial accounting
- Concept of a group
- Definition of a subsidiary & control aspect
- Application to special purpose vehicles (SPE's)
- Requirements to prepare consolidated financial statements & exemptions
- Disclosures in consolidated financial statements
- Consolidation procedures
- Accounting for changes in ownership interests during reporting period (IAS 27 including 2008 changes)
- Treatment of non-controlling (or minority) interests
- Scope of IAS 31
- Accounting requirements for:
- Jointly controlled operations
- Jointly controlled assets
- Jointly controlled entities
- Transactions between venture and a JV
- Scoping of IAS 21
- Reporting foreign currency transactions in the functional currency of an entity
- Use of a presentation currency other than the functional currency
- Tax affects following exchange differences
- Intragroup transactions
Capitalization of borrowing costs
- Requirements of IAS 23
- Classification of borrowing costs
- Commencement, suspension and cessation of capitalization
- Accounting for finance and operating leases
- Financial lease: Issues for lessees and lessors
- Operating lease
- Sale- and lease-back
- Leases as financial instruments
- Service concessions and similar arrangements
- Disclosure requirements under IAS 17
- Practical issues
- Lease classifications
- Changing the terms of leases
- Derecognition of financial leases
- Sub-leases and back-to-back leases
- Payments made in relation to the termination of operating leases
- Repo-agreements
- The nature of revenues
- The timing of revenue recognition
- Critical event approach
- Accretion approach
- The requirements of IAS 18
- Complete review
- The IASB/FASB joint revenue recognition projects
- Practical issues
- Sale of goods
- Receipt of initial fees
- Subscription fees
- Installation fees
- Revenue recognition in the telecom sector
- Regulatory liabilities
- Customer loyalty programs
- Nature of taxation and scope of IAS 12
- Recognition of tax assets and liabilities
- Current tax
- Deferred tax
- Consolidated tax return and group relief
- Allocation of tax charge or credit
- Measurement and disclosure
Financial Derivatives
- Requirements of IAS 21
- Reporting foreign currency transactions in the functional currency of the entity
- Tax effects
- Disclosure issues
- Translation to a different presentation currency
- Intra-group transactions
- IAS 32 versus IAS 39
- Scope
- Embedded derivatives (focus on forex, interest rate, services contracts and leases)
- Classification of financial instruments
- Recognition principles
- Derecognition
- Financial assets
- Financial liabilities
- Accounting treatment
- Offset
- Legal framework
- Master netting agreements
- Future developments
- Contractual obligation to deliver cash/financial assets
- Contracts settled by delivery of the entity's own equity
- Contingent settlement options
- Derivative financial instruments with settlement options
- Differences of classification between consolidated and a single entity financial statements
- Settlement of financial liability
- Reclassification of instruments
- Compound financial instruments
- Initial measurement and fair value
- Subsequent measurement and recognition of gains and losses
- Fair value measurement considerations
- Amortized cost and the effective interest method
- Impairment
- Foreign currency contracts
- Hedging instruments and hedged items
- Types of hedging relationships
- Accounting for effective hedges
- Qualifying conditions for hedge accounting
- IFRS 7
- Structuring the disclosures
- Impact of financial instruments on an entity's financial position and performance
- Nature and extent of risk arising from financial instruments
- Presentation within the set of financial statements
Who should attend this IFRS training course?
- Accountants
- Auditors
- Financial controllers
- Finance staff
- Treasury accountants
- Senior Managers
Why Ethan Hathaway training courses?
- Practical. Learn from experienced and active industry practitioners and what's being practiced by your peers.
- Applicable. Apply what you learn in your job and your career
- Specially designed courses by industry active experts for industry practitioners
- Quality Control. Each expert instructor is interviewed and vetted through our senior management and our 5-point instructor criteria.
- Valuable. Earn more revenue or save your organisation from monetary loss. You and your organisation will quickly earn back your investment on the course fee and more
- Enjoyable. Speakers who have a passion for their topic
- Clear. Turning complex concepts into easy to understand concepts
- Limited seats - each session is limited to between 18-25 seats
What do you receive from an Ethan Hathaway training course?
- You gain knowledge and skills that make you valuable to your company and your career
- Instruction by industry experts
- Course notes and reference package
- Daily lunch, snacks and refreshments
- Certificate of completion
- Meeting your industry peers
- Ask questions relevant to your job
Download the course brochure to learn more
Your course instructor
Luc Nijs: Luc is the founder, chairman & group CEO of a global emerging markets merchant banking group & conglomerate with offices around the globe. He further holds the Aizkraukles Banka chair in investment banking & the Rietumu Banka chair in private equity & entrepreneurial finance at the Riga Graduate School of Law in Latvia where his lecturing and research focuses on issues like globalization & corporate strategy as well as corporate & investment strategies for emerging markets and in particular the relationship between investment strategies and returns and the impact of country context and institutional voids on returns in particular. He is further the director of the centre for global emerging markets private equity and entrepreneurship and is responsible for the emerging markets & global portfolio management and the emerging markets PE & VC course at the institute and provides extensive executive coaching, training and consulting in these matters for funds, corporate executives and financial institutions worldwide. He was previously with Arthur Andersen and Deloitte in a number of global positions and a professor at Instituto de Empresa (Madrid). He is fluent in Dutch, English, French, German and Portuguese and has sound working knowledge of Russian and Chinese.
Dates & Locations & Fees
| Date | Location | Venue | Course Fee | Early Bird Fee | Register |
|---|---|---|---|---|---|
| 10 Oct - 12 Oct, 2010 | Dubai, United Arab Emirates | TBA | US$3998 | See Brochure | ![]() |
| 20 Oct - 22 Oct, 2010 | HK, Hong Kong | Marco Polo Prince Hotel | US$3998 | See Brochure | ![]() |
| 25 Oct - 27 Oct, 2010 | SG, Singapore | Marina Mandarin Hotel | US$3998 | See Brochure | ![]() |
| 25 Jan - 27 Jan, 2011 | Dubai, United Arab Emirates | TBA | US$3998 | See Brochure | ![]() |
| 11 May - 13 May, 2011 | Johannesburg, South Africa | TBA | US$3998 | See Brochure | ![]() |
| 7 Sep - 9 Sep, 2011 | Amsterdam, Netherlands | TBA | US$3998 | See Brochure | ![]() |
| 21 Sep - 23 Sep, 2011 | HK, Hong Kong | Marco Polo Prince Hotel | US$3998 | See Brochure | ![]() |
| 5 Oct - 7 Oct, 2011 | SG, Singapore | Marina Mandarin Hotel | US$3998 | See Brochure | ![]() |
| 13 Dec - 15 Dec, 2011 | Dubai, United Arab Emirates | TBA | US$3998 | See Brochure | ![]() |
Early Birds Save Up To 30% Off the Regular Fee, download the brochure to learn more
Limited seats - Email us:
for availability.
* Venue, dates, course fees, promotions, course content, course instructor are all subject to change
Can't find a session in a city near you?
If there's no session scheduled in a city near you, you have the following options:
- In-house training: If you have a group of 8 or more, consider having us run this course in-house for you
- Co-sponsored training: Between 5-7 people, consider a co-sponsored course - you agree to send this set number of people to the course if we run it in a city near you and Ethan Hathaway sells the remaining seats to other companies
- Distance learning: Less than 5 people, consider distance training format: live trainer presents over phone lines/web at pre-scheduled times (available only for select courses)
- Just tell us where you want the course: Let us know which city you'd like us to run this course in - we'll plan it if there's enough demand
Email us at:
for more information regarding the above options.
Register for the course
You may book your place on the course by any of these methods:
- Online booking - simply click on the "Register Me" button next to the course date you wish to register and it will take you through our quick online registration procedure.
- Email us at:
- please include your full contact details. - Fax us the booking form (included in the brochure) to: +852 3014-0721
- Or call: +852 2273-4393 during normal office hours
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Learn more about this course


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