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Manama

International Financial Reporting Standards IFRS and Updates

ID  612

Finance and Accounting Training Courses

International Financial Reporting Standards IFRS and Updates

Manama

Hotel Name
Hotel Meeting Room

02 Feb 2025 : 06 Feb  2025

25 Hours

3250 USD

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Introduction

The diminishing differences between generally accepted accounting principles (GAAP), principally established by the Financial Accounting Standards Board (FASB), and international financial reporting standards (IFRS), as established by the International Accounting Standards Board (IASB”, is narrowing at a faster pace. IFRS are now the world’s most widely accepted and applied accounting standards with more than 100 countries now requiring or permitting their use.

During this comprehensive programme participants will obtain an understanding of the following bodies of knowledge:

  • The basic concepts of accounting and financial reporting disclosures and varying reconciling and non-reconciling differences between GAAP and IFRS
  • The scope, structure, contents and components of IFRS compliant financial statements, including underlying assumptions and related footnotes disclosures
  • Measurement and recognition of the various elements of international accounting principles and standards, including transition concerns
  • Revenue recognition and financial reporting requirements

Objectives

As a result of completing this programme, all participants will improve their knowledge, understanding and analytical skills in terms of IFRS in terms of the following benefits:

  • Understanding the current and potential future requirements of IFRS, including the final prospects and timetable for the convergence of GAAP and IFRS
  • Applying standards in accordance with their requirements in terms of preparing IFRS compliant financial statements, including the selection of appropriate accounting policies and related footnote disclosures
  • Understanding the recognition and measurement principles as delineated within the IASB’s Framework and comprehending their application within each accounting standard
  • Defining and applying the transition process to IFRS and identifying the first-time exemption as well as exceptions relating to the financial statements of a transitioning  organization
  • Examining accounting standards that either require or permit the use of fair value measurement (including comparisons to U.S. Financial Accounting Standards Nos. 157 and 159), determining fair value measurements and financial statement recognition issues and presentation

Contents

Day One : Evolution of International Accounting Standards

  • International Financial Reporting Standards (‘IFRS”)
    • Introduction, History and Overview of Existing and Future Standards
    • Roles of the Various Accounting Standards Setting Bodies
    • Objectives and Structure of the International Accounting Standards Board (“IASB”)
  • Framework, Demand and Adoption of IFRS
  • Convergence
    • Introduction and Historical Overview
    • Issues, Benefits and Problems of Convergence
    • IASB/FASB Projects
    • U.S. SEC Adoption Timeline and Activities

Day Two : Structural Framework for the Preparation and Presentation of Financial Statements

  • Purpose and Objectives, including Financial Statement Audit Impact
  • Scope, Structure and Content of IFRS Financial Statements
  • Accounting Policies and Underlying Assumptions
  • Components of Financial Statements, including Qualitative Characteristics
  • Measurement and Recognition of the Elements of Financial Statements
  • Transition Concerns and Transition Plan Elements

Day Three : Preparation and Presentation of IFRS Financial Statements

  • Structure and Content of Both General and Specific Elements of  Financial Statements
    • IAS 1
    • Balance Sheet
    • Income Statement
    • Presenting Either a Statement of Changes In Equity or a Statement of Recognized Income or Expense (“SORIE”)
    • Statement of Cash Flow
    • Consolidation Criteria and Requirements
  • Notes to Financial Statements and Related Disclosures
  • Revenue Recognition and Reporting Requirements

Day Four : Conversion Preparation to IFRS

  • Examining Substantive Differences in Disparate Accounting Treatments
    • Inventory
    • Fixed Assets
    • Valuation
    • Revaluation
    • Depreciation
    • Deferred Taxes
    • Contingencies
  • Performing Thorough Assessments
    • Technical Accounting and Tax Implications and Risks
    • Supporting Established Processes and Infrastructure Considerations
    • Adopting Implementation Plans
  • Conversion Issues and Concerns
    • Technical Accounting and Tax Conversion Issues
    • Designing Supporting Processes and Infrastructure Features
    • Developing Revised Organization Plans and Change Strategies
  • Conversion Maintenance
    • Implementing  Support Processes and Infrastructure Features
    • Change Management Execution Strategies
    • Conversion Transfers
    • Comparative Analysis of Companies Adopting or Not Adopting IFRS

Day Five : Impact of IFRS on Financial Statement Interpretations

  • International Accounting and Diversity Considerations
  • Financial Analysis Tools and Techniques
    • Common Size Statements
    • Trend Analysis
    • Ratio Analysis
    • Dupont Analysis
    • Z Scores
    • Investment Ratios
    • Cash Flow Ratios
    • Peer Group and Industry Comparisons
  • Importance of Corporate Governance and Awareness of IFRS Best Practices
  • Future IFRS Considerations

Day 1 - Asset Cost Management Introduction

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 2 - Laying the Groundwork

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 3 - Applying the Value based Process

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 4 - Ensuring the Continuity of the Value-based Process

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

The European Quality of Training and Management Consulting relies on advanced methodology in developing skills and enhancing the effectiveness of human resources. The company adopts modern methods to achieve these goals. In order to achieve its objectives, European Quality follows the following steps in a precise and professional manner:

  • Lectures and Visual Presentations:

    • Theoretical lectures are presented through PowerPoint presentations, videos, and short films, providing a comprehensive and enjoyable learning experience.

  • Scientific Assessment:

    • Trainees are thoroughly assessed before and after the training program to ensure the desired objectives are achieved and to provide necessary guidance.

  • Brainstorming and Role-playing:

    • Innovation and problem-solving are encouraged through brainstorming sessions and role playing experiences.

  • Practical Cases:

    • Practical learning is emphasized through cases relevant to the subject matter and the nature of work for the trainees, contributing to the development of practical skills.

  • Final Evaluation and Certificates:

    • A comprehensive assessment is conducted at the end of the program. Trainees are awarded attendance and participation certificates recognized by the European Quality for Training and Administrative Consultations, provided they have completed at least 80% of the program days.

  • Training Materials:

    • Professional trainers and experts in various fields create scientific and practical training materials, which are printed and retained, and distributed on CD or flash drives to ensure easy access to the content.

  • Post-Training Follow-up:

    • European Quality for Training and Administrative Consultations provides continuous support after the training program. This support includes additional consultancy sessions or workshops to ensure the continuity of learning and the application of acquired skills in the working environment.

  • Customized Training Programs:

    • Training programs are designed to meet the needs of individual companies and institutions. Client needs are carefully analyzed to ensure that the training content aligns with their specific objectives and achieves the desired impact.

  • Utilizing Technology:

    • Training incorporates modern techniques such as online platforms and distance learning to provide flexible and effective learning experiences. Participants can access educational resources online and engage in discussions and online workshops.

  • Specialized Trainers:

    • Trainers and lecturers are carefully selected to ensure they have high expertise in their fields. Experience and professionalism are added to the training to ensure the delivery of high-quality content and effective learning experiences.

  • Encouraging Participation:

    • European Quality encourages active participation and interaction during training sessions. Interactive activities such as group discussions and collective exercises are organized to stimulate effective participation in the learning process.

  • Focus on Personal Transformation:

    • Participants are encouraged to think critically and develop problem-solving skills and decision making abilities. They are guided towards achieving personal and professional transformation, leading to improved performance in their work areas.

  • Continuous Assessment:

    • Continuous assessments are provided to evaluate participants performance and their understanding of the training materials. This assessment is used to modify the training program if necessary and ensure the desired results are achieved.

  • Terms and Conditions:

    • Terms and conditions apply to all training programs. It is assumed that registering for any training program implies the participants agreement to these terms, including registration, payment, and cancellation policies.

  • Prices and Discounts:

    • It is noted that the prices displayed on the website do not include a 5% value added tax. All prices are subject to discounts according to the companys policies.

European Quality of Training and Management Consulting reserves the right to change the location of the training program, change the accredited lecturers for program delivery, hold, or cancel the program in line with the companys vision and program conditions and our quality policy.

European Quality for Training and Consultancy is certified

ISO 9001-2015

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Course Options

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74
02 Feb 2025   :  06 Feb 2025
Manama
3250$
10 Feb 2025   :  14 Feb 2025
Stockholm
4950$
10 Feb 2025   :  14 Feb 2025
Florida
6950$
17 Feb 2025   :  21 Feb 2025
Boston
6950$
23 Feb 2025   :  27 Feb 2025
Dubai
3250$
24 Feb 2025   :  28 Feb 2025
Roma
4950$
03 Mar 2025   :  07 Mar 2025
Prague
4950$
07 Apr 2025   :  11 Apr 2025
Paris
4950$
14 Apr 2025   :  18 Apr 2025
Hong Kong
5950$
14 Apr 2025   :  18 Apr 2025
Dublin
4950$
14 Apr 2025   :  18 Apr 2025
Washington
6950$
21 Apr 2025   :  25 Apr 2025
Athens
4950$
27 Apr 2025   :  01 May 2025
Dubai
3250$
28 Apr 2025   :  02 May 2025
Zurich
5450$
28 Apr 2025   :  02 May 2025
California
6950$
05 May 2025   :  09 May 2025
Copenhagen
4950$
05 May 2025   :  09 May 2025
Berlin
4950$
11 May 2025   :  15 May 2025
Beirut
2950$
12 May 2025   :  16 May 2025
Milan
4950$
26 May 2025   :  30 May 2025
Singapore
5950$
01 Jun 2025   :  05 Jun 2025
Dubai
3250$
02 Jun 2025   :  06 Jun 2025
Los Angeles
6950$
09 Jun 2025   :  13 Jun 2025
Sydney
5950$
22 Jun 2025   :  26 Jun 2025
Dubai
3250$
29 Jun 2025   :  03 Jul 2025
Cairo
2750$
29 Jun 2025   :  03 Jul 2025
Riyadh
2950$
30 Jun 2025   :  04 Jul 2025
Cyprus (Larnaka)
4950$
07 Jul 2025   :  11 Jul 2025
Kuala Lumpur
3950$
14 Jul 2025   :  18 Jul 2025
London
4950$
20 Jul 2025   :  24 Jul 2025
Marrakech
3950$
20 Jul 2025   :  24 Jul 2025
Dubai
3250$
21 Jul 2025   :  25 Jul 2025
Madrid
4950$
27 Jul 2025   :  31 Jul 2025
Kuwait
3250$
28 Jul 2025   :  01 Aug 2025
Beijing
4950$
03 Aug 2025   :  07 Aug 2025
Amman
2950$
11 Aug 2025   :  15 Aug 2025
Jakarta
3450$
11 Aug 2025   :  15 Aug 2025
San Francisco
6950$
17 Aug 2025   :  21 Aug 2025
Jeddah
2950$
17 Aug 2025   :  21 Aug 2025
Sharm El Sheikh
2950$
24 Aug 2025   :  28 Aug 2025
Dubai
3250$
25 Aug 2025   :  29 Aug 2025
Amsterdam
4950$
31 Aug 2025   :  04 Sep 2025
Casablanca
3950$
08 Sep 2025   :  12 Sep 2025
Paris
4950$
15 Sep 2025   :  19 Sep 2025
Geneva
4950$
15 Sep 2025   :  19 Sep 2025
Tbilisi
4950$
21 Sep 2025   :  25 Sep 2025
Dubai
3250$
22 Sep 2025   :  26 Sep 2025
Vienna
4950$
29 Sep 2025   :  03 Oct 2025
Munich
4950$
05 Oct 2025   :  09 Oct 2025
Manama
3250$
06 Oct 2025   :  10 Oct 2025
Istanbul
2950$
06 Oct 2025   :  10 Oct 2025
Cape Town
5450$
12 Oct 2025   :  16 Oct 2025
Alkhobar
2950$
13 Oct 2025   :  17 Oct 2025
Toronto
5950$
19 Oct 2025   :  23 Oct 2025
Dubai
3250$
20 Oct 2025   :  24 Oct 2025
Stockholm
4950$
27 Oct 2025   :  31 Oct 2025
Kuala Lumpur
3950$
27 Oct 2025   :  31 Oct 2025
Boston
6950$
02 Nov 2025   :  06 Nov 2025
Salalah
3450$
03 Nov 2025   :  07 Nov 2025
Roma
4950$
10 Nov 2025   :  14 Nov 2025
Prague
4950$
10 Nov 2025   :  14 Nov 2025
Barcelona
4950$
16 Nov 2025   :  20 Nov 2025
Dubai
3250$
17 Nov 2025   :  21 Nov 2025
Dublin
4950$
24 Nov 2025   :  28 Nov 2025
Athens
4950$
01 Dec 2025   :  05 Dec 2025
Washington
6950$
01 Dec 2025   :  05 Dec 2025
California
6950$
07 Dec 2025   :  11 Dec 2025
Cairo
2750$
07 Dec 2025   :  11 Dec 2025
Riyadh
2950$
08 Dec 2025   :  12 Dec 2025
Lisbon
4950$
14 Dec 2025   :  18 Dec 2025
Dubai
3250$
15 Dec 2025   :  19 Dec 2025
Kuala Lumpur
3950$
21 Dec 2025   :  25 Dec 2025
ON LINE
1750$
22 Dec 2025   :  26 Dec 2025
London
4950$
29 Dec 2025   :  02 Jan 2026
Geneva
4950$

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12 Courses

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Z

Treasury and Cash Management

ID 662

One week

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Treasury and Risk Management

ID 861

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Accounts Payable From Accounting to Management (Planning, Organizing and Achieving Best Practices)

ID 598

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Accounts Payable: Accounting and Management Best Practices

ID 761

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Payroll Accounting

ID 762

One week

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Corporate Finance

ID 40

One week

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Finance for Managers

ID 41

One week

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International Financial Reporting Standards

ID 42

One week

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Budgeting, Forecasting and the Planning Process

ID 43

Two weeks

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The Financial Excellence Programme

ID 44

Two weeks

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Financial Analysis, Planning & Control

ID 45

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Oil & Gas Accounting & Performance Measurement

ID 46

One week

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