Global Learning for Operational Leaders
Classroom
15 sessions
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Online / Live
15 sessions
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Introduction
Course overview
Business transactions are becoming more complex. Accounting professionals need to be constantly aware of the impact of those transactions on the entity’s financial statements and adequately account for such transactions.
The 'Certificate in International Financial Reporting Standards (IFRS)' course is the second level of the IFRS and 2024 Updates course. We will discuss more advanced topics in IFRS related to investment accounting, financial instruments, business combinations, and consolidation.
What you will achieve
Learning objectives
- Identify the components of comprehensive income and other comprehensive income
- Properly account for income taxes and determine current vs. deferent taxes
- Classify the various type of investments according to IFRS 9
- Determine the concepts of control and power and consolidate a set of financial statements
- Define the term significant influence and apply the equity method
- Apply the required steps in business combination and account for goodwill
Who should attend
Target audience
- Professionals in finance and accounting and those seeking to take their IFRS knowledge to a higher level.
- Target Competencies
- Calculating total comprehensive income
- Presenting income tax transactions
- Accounting for financial assets
- Applying the equity method
- Consolidating financial statements
- Measuring goodwill
Methodology
Learning approach
- The course uses interactive techniques, such as brief presentations by the consultant, the application of different theories, and group exercises, to exchange experience and the knowledge acquired throughout the course.
Course content
Course outline and key learning areas
Module 1
Overview of Fundamental Concepts in IFRS
- History of IFRS
- The complete set of financial statements
- Classification of assets and liabilities
- Components and classification of stockholders’ equity
- Total Comprehensive Income (TCI)
- Components of Other Comprehensive Income (OCI)
Module 2
Income Taxes (IAS 12)
- Recognition and measurement of current tax
- Recognition and measurement of deferred tax
- Recognition in profit and loss
- Deferred tax asset or liability
- Presentation and disclosure
Module 3
Financial Instruments
- Classification of financial assets under IFRS 9
- Business model and cash flow test
- Amortized cost
- Fair Value through Profit and Loss (FVTPL)
- Fair value through Other Comprehensive Income (OCI)
- Impairment of financial assets
- Presentation of financial instruments under IAS 32
- Disclosure requirements under IFRS 7
Module 4
Consolidation of Financial Statements (IFRS 10)
- Definition of power and control
- Identification of subsidiary
Module 5
Consolidation procedures
- Intercompany transactions
- Non-Controlling Interests (NCI)
- Loss of control
- Accounting for Joint Arrangements and Associates (IAS 28)
FAQ
Frequently asked questions
What does Certificate in International Financial Reporting Standards (IFRS) (F05) cover?
This course covers Accounting and Finance through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 12 - 16 October 2026, with additional classroom dates and mirrored Online / Live options listed in the course schedules section.
Who should attend this course?
Professionals in finance and accounting and those seeking to take their IFRS knowledge to a higher level., Target Competencies, Calculating total comprehensive income
Is bilingual course delivery available?
Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Yes. The course detail page includes both classroom sessions and Online / Live sessions, with online options aligned to the same course dates for easier planning.
Where are classroom sessions delivered?
Current classroom venues include Frankfurt, Barcelona, London, Munich, Paris.
How long is the training programme?
The programme runs for five days, with up to five training hours per day, from 9:00 AM to 2:00 PM. Each programme includes a total of 25 accredited training hours.
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