IFRS course: building expertise and in-depth competencies
Nov. 28, 2020 2024-07-04 11:09IFRS course: building expertise and in-depth competencies
IFRS course: building expertise and in-depth competencies
Educational event on continuing professional education of auditors "IFRS Course: Building Expertise and Advanced Competencies"
Auditors deal with most large and socially important companies in Ukraine. This requires a high level of expertise and deep professional competencies in the field of International Financial Reporting Standards.
IFRS includes complex accounting principles and standards that often require sophisticated interpretation. Auditors require a high level of knowledge to properly navigate and apply these standards. In-depth knowledge allows auditors to provide more accurate and reliable assurance on financial statements, increasing confidence in financial statements.
In-depth study of IFRS is not just a regulatory requirement, but a strategic necessity for auditors. It allows them to navigate the complexities of the global business environment, ensure regulatory compliance, mitigate risks, build investor confidence and maintain their credibility in an ever-changing professional landscape.
Objective:
The aim of the course is to provide auditors with the in-depth knowledge and skills necessary to navigate the complexities of International Financial Reporting Standards (IFRS). The course is designed to go beyond basic knowledge, provide participants with a comprehensive understanding of the most complex aspects of IFRS and enhance their professional competencies to effectively audit large and socially important companies.
Through a structured curriculum and interactive learning methods, the course aims to help auditors achieve a higher level of competence and confidence in dealing with complex issues related to International Financial Reporting Standards.
Main objectives of the educational event and expected results:
Main objectives of the course:
- To promote a high level of knowledge of IFRS, which will allow auditors to confidently navigate complex accounting principles and standards.
- To provide auditors with the skills to identify and minimize risks related to IFRS compliance, ensuring the accuracy and reliability of financial statements.
- To enable participants to effectively apply IFRS in the context of global business, taking into account the challenges and nuances associated with the activities of multinational corporations.
- Develop a mindset of adaptability and continuous learning, enabling auditors to keep abreast of new IFRS standards and emerging issues.
Auditors, after mastering the topics of the program of the educational event for continuing professional training, shall:
- Demonstrate a comprehensive and in-depth understanding of complex IFRS principles and their practical application.
- Understand how IFRSs are applied in the context of multinational corporations, covering areas such as consolidation, business combinations and group accounting, and assess compliance in a global business context.
- Analyze and interpret financial statements prepared in accordance with IFRS, with a focus on identifying potential issues and ensuring the accuracy and transparency of financial information.
- Develop the ability to assess and mitigate risks associated with IFRS compliance, recognizing potential issues and ensuring that the financial statements fairly and accurately reflect the company's financial position.
- Apply theoretical knowledge to practical scenarios through case studies and simulations, developing the skills needed to solve real-world IFRS problems.
- Apply critical thinking skills to solve complex IFRS issues through case studies and practical exercises.
- Keep abreast of the latest developments in IFRS, including updates from the International Accounting Standards Board (IASB), and understand how changes may affect financial reporting and audit practices.
- Keep up to date with updates and changes to IFRS and integrate this knowledge into audit practice.
- Demonstrate competence in the audit of financial statements prepared in accordance with IFRS for multinational corporations, taking into account the unique challenges and nuances associated with global operations.
- Communicate effectively with stakeholders, including clients, management and regulators, on the results of the audit of IFRS financial statements, ensuring their reliability and transparency.
- Understand and apply ethical considerations in the context of IFRS compliance, recognizing the importance of integrity and professional conduct in the audit process.
- By acquiring this knowledge and skills, auditors who complete the course will be well prepared to address the complexity of IFRS, contribute to the preparation of reliable and transparent financial statements, and
will provide their clients with valuable assurance services.
14600 UAH
Educational event for continuing professional training of auditors "IFRS Course: Building Expertise and Advanced Competencies"
Online 24/7, lecturer support
Daily communication in a closed chat with the teacher and the group, solving tests and tasks, learning on the ZOOM platform
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Content (thematic plan of the educational event for continuing professional training)
| No. s/n | Program topics | Volume (number ofastronomical hours) |
| 1. | The IFRS system and its regulation. Structure, functions and procedures of the IASB | 2 |
| 2. | Business combinations. Relations of control, significant influence, joint control. Financial statements of a group of companies. Reporting of associates and joint ventures. Sale of subsidiaries. | 10 |
| 3. | Valuation of financial statement items. The impact of changes in exchange rates. Estimation of fair value. | 2 |
| 4. | Accounting policies, changes in accounting estimates and errors | 2 |
| 5. | Recognition, measurement and presentation of non-financial assets (property, plant and equipment, intangible assets, investment property, lease rights, inventories) in IFRS reporting. Impairment and reversal of impairment of non-financial assets. | 10 |
| 6. | Recognition, classification, measurement and presentation of financial assets (debt instruments, equity instruments, derivatives, instruments with conversion options) in IFRS financial statements. Impairment of financial assets. Hedging operations. | 10 |
| 7. | Recognition, measurement and presentation of income and expenses in IFRS reporting (income from contracts with customers, other income, provisioning expenses, current and deferred tax expenses). Recognition and presentation of income from government grants. | 6 |
| 8. | Recognition, measurement and presentation of employee benefits (short-term and long-term benefits, termination benefits, defined contribution and defined benefit pension plans) in IFRS financial statements. Cash and non-cash share-based payments to employees | 4 |
| 9. | Presentation of financial statements. Presentation of the statement of financial position, statement of profit or loss and other comprehensive income, and statement of changes in equity. Other comprehensive income. | 3 |
| 10. | Additional disclosures (earnings per share, events after the end of the reporting period, related party disclosures, operating segments) | 8 |
| 11. | Sectoral peculiarities of IFRS reporting. Agriculture. Exploration and evaluation of mineral reserves. | 5 |
| 12. | Fundamental ethical and professional principles | 2 |
| Total astronomical hours | 64,0 | |
| Duration. | 64 hours according to the schedule | |
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