IFRS Financial Reporting Masterclass

Comprehensive IFRS training covering the most impactful standards for GCC financial reporting.

πŸ“¦ On-Demand ⏱️ 4 days Intermediate IFRS Financial Reporting Certificate

Course Overview

This program provides in-depth coverage of IFRS standards most relevant to GCC companies. Participants will master IFRS 9 (Financial Instruments), IFRS 15 (Revenue Recognition), IFRS 16 (Leases), and IFRS 17 (Insurance Contracts) through practical case studies drawn from the GCC business environment. The course addresses common challenges faced by GCC companies transitioning from local GAAP to IFRS and maintaining compliance with evolving standards.

What You'll Learn

βœ“ Apply IFRS 9 classification and measurement to financial instruments
βœ“ Implement the 5-step revenue recognition model under IFRS 15
βœ“ Account for lease arrangements under IFRS 16
βœ“ Understand IFRS 17 insurance contract requirements
βœ“ Prepare IFRS-compliant financial statements for GCC entities
βœ“ Handle common IFRS implementation challenges in the GCC

Course Syllabus

  • β€’ Conceptual framework for financial reporting
  • β€’ Fair value measurement (IFRS 13)
  • β€’ First-time adoption considerations (IFRS 1)
  • β€’ Presentation of financial statements (IAS 1)
  • β€’ GCC regulatory landscape and IFRS adoption status
πŸ› οΈ Hands-On: Prepare an IFRS-compliant statement of financial position
  • β€’ Classification and measurement of financial assets
  • β€’ Expected credit loss (ECL) model
  • β€’ Hedge accounting simplified approach
  • β€’ Modification of financial liabilities
  • β€’ Practical application for GCC banks and corporates
πŸ› οΈ Hands-On: Calculate ECL provision for a UAE bank loan portfolio
  • β€’ Five-step revenue recognition model
  • β€’ Identifying performance obligations
  • β€’ Variable consideration and constraints
  • β€’ Contract modifications
  • β€’ Revenue from real estate contracts (GCC-specific)
  • β€’ Licensing, construction, and service contracts
πŸ› οΈ Hands-On: Revenue recognition case study for a GCC real estate developer
  • β€’ Right-of-use asset and lease liability measurement
  • β€’ Short-term and low-value lease exemptions
  • β€’ Sale-and-leaseback transactions
  • β€’ IAS 36 Impairment of assets
  • β€’ IAS 37 Provisions and contingencies
  • β€’ IAS 19 Employee benefits (end-of-service gratuity)
πŸ› οΈ Hands-On: Full IFRS 16 transition exercise for a retail company with GCC leases

Who Should Attend

Accountants, auditors, financial controllers, CFOs, and finance managers at GCC companies reporting under IFRS. Also suitable for professionals preparing for ACCA, CPA, or CMA exams.

Prerequisites

Accounting qualification (degree or professional cert) and 2+ years practical accounting experience.

Skills You'll Gain

IFRS Financial Reporting IFRS 9 IFRS 15 IFRS 16 IAS Accounting Standards

Key Takeaways

πŸ† Prepare fully IFRS-compliant financial statements
πŸ† Apply complex standards to real GCC scenarios
πŸ† Advise on IFRS implementation challenges
πŸ† Support audit and regulatory compliance

Certificate of Completion

Upon completing this program, you will receive a IFRS Financial Reporting Certificate that you can share on LinkedIn and with employers.

Frequently Asked Questions

The course content aligns with ACCA, CPA, and CMA syllabi. CPE/CPD hours may be counted towards professional development requirements.

We focus on IFRS 9, 15, 16, 17, plus IAS 1, 19, 36, 37, and IFRS 13. These are the standards with the most impact on GCC financial reporting.

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