An Interactive 5-Day Training Course
Certificate in International Financial Reporting Standards (IFRS)
Preparing Accounts in Accordance with IFRS
Course Overview
This Certificate in International Financial Reporting Standards (IFRS) training course provided delegates with a detailed understanding of International Financial Reporting Standards (IFRS). Delegates will not only improve their knowledge and understanding but also their accounting skills gaining an ability to account for transactions and prepare financial statements in accordance with the IFRS, thereby ensuring legal compliance and improved corporate governance.
The training course will also present an overview of the IFRS most relevant to your organisation, adapting to the needs identified. As a result, delegates will be able to transfer knowledge and skills for the benefit of their organisation.
This Saudi GLOMACS training course will highlight:
- The role & scope of IFRS
- The case for IFRS and latest developments
- The major accounting concepts & policies
- The requirements of the most important IFRS relevant to your organization
- The preparation & presentation of financial statements in accordance with IFRS
Training Outline
DAY 1: The Role & Scope of IFRS
- Establishing the case for IFRS
- International accounting diversity
- IFRS & US GAAP
- The role & scope of IFRS & IAS
- The IASB conceptual framework
- IFRS, accounting concepts & policies
DAY 2: The Presentation & Preparation of Financial Statements
- The annual reports & financial statements
- IAS 1 presentation of financial statements
- Preparing the income statement
- Preparing the statement of financial position
- IAS & statement of cashflow
- Notes & disclosures
DAY 3: Accounting for Cash Flow & Financial Instruments
- The importance of cash flow
- Preparing a statement of cash flows in accordance with IFRS 7
- Evaluating the cash flow
- What are financial instruments & derivatives?
- IFRS 7 financial instruments: Disclosures
- IFRS 9 financial instruments
DAY 4: Accounting for Assets
- Tangible & intangible assets
- IAS 16: Property, plant and equipment and Depletion, Depreciation & Amortisation (DD&A)
- IAS 36: Impairment of assets
- IFRS 13 fair value measurement
- IAS 38: Intangible assets
- IAS 2 inventories
DAY 5: Accounting for Strategic Alliances & Business Combinations
- Strategic alliances mergers & acquisitions
- Goodwill
- IFRS 3 business combinations
- IFRS 10: Consolidated financial statements
- IFRS 11: Joint arrangements
- IFRS 12: Disclosure of interests on other entities
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
What do you need to learn next?
Check our list of courses or let us customize a course for you.
View courses
