International Financial Reporting Standards (IFRS)

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About Course

The IFRS course at NextGen Learning provides a comprehensive understanding of global financial reporting standards. Participants will explore recognition, measurement, presentation, and disclosure requirements under IFRS, preparing them for careers in auditing, accounting, and financial reporting across international markets.
This program blends theory, case studies, and hands-on exercises with IFRS statements to ensure learners can apply standards confidently in real-world contexts.

Learning Outcomes

By the end of this course, learners will be able to:

  • Interpret and apply IFRS standards accurately.

  • Prepare IFRS-compliant financial reports.

  • Handle revenue, leases, and financial instruments in line with IFRS.

  • Compare IFRS with local GAAP for multinational operations.

  • Use IFRS knowledge for exams and professional certifications.

 

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What Will You Learn?

  • Key concepts and principles of IFRS.
  • Preparation of IFRS-compliant financial statements.
  • Revenue recognition, leases, and financial instruments.
  • IFRS vs. local GAAP differences.
  • Practical applications through case studies and real reports.
  • How IFRS impacts decision-making and investor relations.

Course Content

Module 1: Introduction to IFRS
Lesson 1: Evolution and Purpose of IFRSLesson 2: IFRS vs. GAAP – Key DifferencesLesson 3: IFRS Framework and Standards OverviewQuiz: IFRS Fundamentals

Module 2: Presentation of Financial Statements
Lesson 1: Structure of IFRS-Compliant StatementsLesson 2: Statement of Profit or Loss & Other Comprehensive IncomeLesson 3: Statement of Financial Position and Cash FlowsAssignment: Draft a Basic IFRS Statement

Module 3: Revenue Recognition (IFRS 15)
Lesson 1: 5-Step Model for Revenue RecognitionLesson 2: Case Studies in Service & Product ContractsLesson 3: Common Revenue Recognition ChallengesQuiz: Revenue Scenarios

Module 4: Leases (IFRS 16)
Lesson 1: Identifying Lease ArrangementsLesson 2: Accounting for Lessees vs. LessorsLesson 3: Real-World Lease Case StudiesAssignment: Lease Reporting Exercise

Module 6: Consolidations & Group Accounts (IFRS 10, 11, 12)
Lesson 1: Subsidiaries, Associates, and Joint VenturesLesson 2: Consolidation Procedures & Non-Controlling InterestsLesson 3: Disclosures for Group FinancialsCase Study: Group Consolidation Scenario

Module 5: Financial Instruments (IFRS 9)
Lesson 1: Classification & Measurement of Financial AssetsLesson 2: Impairment Models & Expected Credit LossesLesson 3: Hedge Accounting BasicsQuiz: Financial Instruments Assessment

Module 7: Other Key IFRS Standards
Lesson 1: IFRS for Property, Plant, and Equipment (IAS 16)Lesson 2: IFRS for Intangible Assets & Impairment (IAS 38, IAS 36)Lesson 3: IFRS for Provisions and Contingent Liabilities (IAS 37)Quiz: Mixed Standard Scenarios

Module 8: Practical Application & Capstone
Lesson 1: IFRS in UAE and International ContextLesson 2: Impact of IFRS on Investor ReportingFinal Project: Prepare IFRS-Compliant Financial Statements

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