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International Financial Reporting Standards (IFRS) and 2011 Update

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Scheduled Date: Sunday, November 13, 2011/Thursday, November 17, 2011
Training Provider: Meirc Training & Consulting
Type: Training course
City: Dubai
Country: United Arab Emirates
Sector: Finance
Languages : English

Program Objectives:

By the end of the program, participants will be able to:
* Adopt the language of accounting and finance.
* Develop a sound understanding of the International Financial Reporting Standards (IFRS) and their impact on financial reporting.
* Properly account for assets, liabilities and owners equity.
* Effectively interpret accounting transactions according to IFRS.
* Demystify the interpretation of financial statements and reports.

This Program is designed for:
Professionals in the fields of finance and accounting, and professionals seeking to enhance international accounting knowledge and companies implementing IFRS as the standard of reporting. This program is worth 25 NASBA CPEs.

Program Fees:
Per participant - USD 3700
Frequent nomination - USD 3330
(including coffee breaks and a buffet lunch daily)
One extra free place for every 2 paid nominees on the same program and dates
Discount Plans, Refunds & Cancellations Policy

Meirc reserves the right to alter dates, content, venue and trainer with a reasonable notice time.

Program Outline:

Introduction to IFRS
* Financial Reporting Framework
* The Future Agenda for IFRS
* IFRS: Current Year Update

Statement of Financial Position
* Elements of Statement of Financial Position
* Forms and Format
* Classification of Assets
* Classification of Liabilities
* Classification of Stockholders Equity
* Disclosures

Comprehensive Income
* Concept of Income
* Recognition and Measurement
* Income Statement
* Other Comprehensive Income

Statement of Changes in Equity and Statement of Cash Flows
* Disclosures and Alternatives
* Direct versus Indirect Methods

Financial Instruments - Assets
* Cash and Receivables
* Inventory
* Property, Plant and Equipment
* Intangible Assets
* Investments

Liabilities and Stockholders Equity
* Current Liabilities
* Contingencies
* Long-Term Liabilities
* Accounting for Debt
* Capital, Retained Earnings and Reserves

Revenue Recognition
* Concepts, Rules and Examples
* Revenue Recognition Criteria
* Measurement of Revenue

Pre-requisites
None

Delivery Type
Group-Live


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