A one, half day-course that provides a detailed practical training on how to adopt IFRS for the first time.
The course covers all the transitional recognition, measurement, presentation, and disclosure requirements for a first-time adopter preparing its first financial statements and interim financial statements under IFRS.
The course addresses practical application challenges for entities changing from local accounting rules or GAAPs to the internationally recognized standards of IFRS. The final goal being to ensure financial reporting practices and systems are up to date and aligned to IFRS. This will enable our trainees to prepare their first financial statements under IFRS.
The course is intended to support the IFRS first time adoption technical teams, accountants and managers who require practical and detailed IFRS First-time adoption knowledge.
You don’t have to be an AARO user to participate, the training suits everyone working with IFRS Reporting.
IFRS 1 First-time adoption of IFRS (International Financial Reporting Standards)
- Background and scope
- Objective of IFRS 1
- Key terms
- First time adoption procedures
- Adoption exemptions – Mandatory
- Adoption exemptions – Optional
- Reporting & disclosure
- Unique adoption scenarios
- Subject matter experts with experience of implementing IFRS adoption projects.
- Accessible and customised learning for finance and non-finance professionals.
- We share IFRS implementation challenges having supported companies automate group reporting processes.
- We assign specific content based on learner requirements.
Target group: This course is specially developed for reporting accountants and business managers who make decisions on available options during IFRS adoption. Specifically, the training is tailored for:
- ✅ CFO’s
- ✅ Group controllers
- ✅ Chief accountants
- ✅ Audit experts
- ✅ Business managers
Prerequisite: IFRS overview training
Level: Advanced knowledge
Suggested next training: IFRS Group Accounting
Time (per day) (CEST): 08:30 am-11:30 am.
Time (per day) (EAT): 9:30 am-12:30 pm.
Time (per day) (GST/Dubai): 10:30 am-1:30 pm.
(Please login to the training session 15 minutes before the start time, to allow time for any technical issues to be resolved.)