IFRS Training: Industry-Specific Standards/ Consolidation And Business Combination Standards
INTRODUCTION
There is an undisputable need for high-quality and reliable financial reports for all sectors of the economy. Through this training an entity can improve the quality of general-purpose financial reporting to ensure that there is better informed assessment of resource allocation and utilization decisions as well as considering the emerging developments in reporting, thereby enhancing accuracy, transparency, and accountability.
The training is tailor made to bring you up to speed with the current developments and trains you to understand, apply, and explain fundamental concepts and principles of IFRS across a broad range of accounting standards.
TRAINING OBJECTIVES
By the end of the training the participant should be able to:
Gain a comprehensive understanding of the IFRS framework, its principles, and its structure.
Demonstrate understanding of the specific accounting treatments and disclosures needed to ensure compliance with the standards.
To gain practical knowledge in the application of the covered IFSs.
Accountants, financial analysts, finance managers, and CFOs.
Auditors and Assurance Professionals (internal auditors, risk managers, tax professionals)
Educators and Students in accounting and finance.
Corporate Executives
Investors and Analysts
Business Owners and Entrepreneurs
Consultants and Advisory Firms
TRAINING CONTENT
The training covers the following standards:
IFRS 4 – Insurance Contracts: Addresses the accounting for insurance contracts.
IFRS 15 – Revenue from Contracts with Customers: Provides guidance on recognizing revenue from contracts.
IFRS 16 – Leases: Focuses on lease accounting, impacting both lessees and lessors.
IFRS 17 – Insurance Contracts: Replaces IFRS 4 and provides comprehensive guidance on insurance contracts.
IFRS 10 – Consolidated Financial Statements: Provides guidance on the preparation of consolidated financial statements.
IFRS 11 – Joint Arrangements: Covers accounting for joint ventures.
IFRS 3 – Business Combinations: Sets out the requirements for accounting for business combinations.
IFRS 12 – Disclosure of Interests in Other Entities: Requires disclosures about an entity’s interests in subsidiaries, joint arrangements, associates, and structured entities.
NB: For inhouse training, the client is free for choose on the standards of interest. The content and depth of the training can vary based on the specific needs of the participants.
GENERAL NOTES
i. The clients have many options on where they would wish to have the training
Onsite training
Online Training
a. Mombasa
a. Zoom
b. Nairobi
b. Webex
c. Naivasha
c. Google meets
d. Machakos
d. Google teams
e. Thika
f. Nakuru
g. At work place
ii. The client should communicate their preferred training venue at least seven days before the training date failure to which the training shall take place in Nairobi.
iii. This training is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. It is taught through a mix of practical activities, theory, group works and case studies.
iii. Training manuals and additional reference materials are provided to the participants.
iv. Upon successful completion of this training, participants will be issued with a J.W Arichum & Associates certificate.
v. The onsite training fee covers tuition fees, training materials, tea at 10am, lunch, tea at 4pm, training venue and a certificate on completion. Accommodation and travel may be arranged for our participants upon request.
vi. The online training fee covers tuition fees, training materials, and a certificate on completion.
