Global Learning for Operational Leaders
Course F05
Certificate in International Financial Reporting Standards (IFRS)
Business transactions are becoming more complex. Accounting professionals need to be constantly aware of the impact of those transactions on... The outline covers Overview of Fundamental Concepts in IFRS, Income Taxes (I...
- 5 daysClassroom or online
- 14Upcoming dates
- 5Cities
- €2,275Fees from
Classroom
14 sessions
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Online / Live
14 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.
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.
Complete course outline
Five focused days of learning and application
The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.
Day 1
Overview of Fundamental Concepts in IFRS
- History of IFRS
- The complete set of financial statements
- Classification of assets and liabilities
- Coffee break
- Classification of assets and liabilities (continued)
- Components and classification of stockholders’ equity
- Total Comprehensive Income (TCI)
- Components of Other Comprehensive Income (OCI)
Day 2
Income Taxes (IAS 12)
- Recognition and measurement of current tax
- Recognition and measurement of deferred tax
- Recognition in profit and loss
- Coffee break
- Recognition in profit and loss (continued)
- Deferred tax asset or liability
- Presentation and disclosure
Day 3
Financial Instruments & Consolidation of Financial Statements (IFRS 10)
- 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)
- Coffee break
- Fair value through Other Comprehensive Income (OCI) (continued)
- Impairment of financial assets
- Presentation of financial instruments under IAS 32
- Disclosure requirements under IFRS 7
- Consolidation of Financial Statements (IFRS 10)
- Definition of power and control
- Identification of subsidiary
Day 4
Consolidation procedures & Types of joint arrangements
- Consolidation procedures
- Intercompany transactions
- Non-Controlling Interests (NCI)
- Loss of control
- Accounting for Joint Arrangements and Associates (IAS 28)
- Coffee break
- Accounting for Joint Arrangements and Associates (IAS 28) (continued)
- Types of joint arrangements
- Joint operations versus joint venture
- Accounting for joint operations (IFRS 11)
- Accounting for joint ventures and associates according to the equity method
- Identification of associates and the concept of significant influence
- Impairment of investments accounted for under the equity method
Day 5
Business Combinations (IFRS 3)
- Determining fair value
- Steps in the accounting process for business combinations
- The acquisition method
- Coffee break
- The acquisition method (continued)
- Goodwill and gain from a bargain purchase
- Two options to measure non-controlling interests
- Impairment of goodwill
Course FAQs
Questions about this course
What participants and training managers usually ask before booking Certificate in International Financial Reporting Standards (IFRS). Can't find your answer?
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 9 - 13 November 2026. See the course schedules section for the available dates and delivery formats.
Who should attend this course?
Professionals in finance and accounting and those seeking to take their IFRS knowledge to a higher level.
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?
Check the course schedules section for currently published classroom and Online / Live sessions.
Where are classroom sessions delivered?
Current classroom venues include Barcelona, Frankfurt, London, Munich, Paris.
How long is the training programme?
The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).
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