Course Description
Accelerate your expertise in International Financial Reporting Standards (IFRS) through this world-class, intensive masterclass developed by Step Sure Training & Research Institute (STRI). This highly practical, results-driven training is tailored for finance professionals, accountants, auditors, and corporate decision-makers seeking a deep and actionable understanding of IFRS.
Gain mastery in interpreting, applying, and reporting financial statements that align with global IFRS regulations. This course is designed to equip you with the tools to produce accurate, transparent, and compliant financial statements while making informed, strategic financial decisions.
Whether you are leading financial operations, managing audits, or transitioning to IFRS, this course provides a vital competitive edge in today’s evolving global financial environment.
Course Objectives
By the end of the program, participants will:
- Acquire a comprehensive understanding of the IFRS framework and its real-world applications.
- Deep dive into key standards including IFRS 9, IFRS 15, and IFRS 16 for practical, industry-relevant learning.
- Develop the capability to prepare IFRS-compliant income statements, balance sheets, and cash flow reports.
- Learn to manage IFRS transitions and understand the key differences from local accounting systems.
- Build analytical skills to interpret complex financial data under IFRS mandates.
- Use IFRS standards to guide high-impact financial strategies and performance analysis.
- Engage in hands-on exercises and case studies to strengthen practical implementation.
Course Modules
Module 1: Introduction to IFRS
- Understanding IFRS structure, objectives, and adoption worldwide
- Global comparison: IFRS vs. local and US GAAP
Module 2: IFRS 9 – Financial Instruments
- Classification and measurement of financial instruments
- Impairment models and expected credit loss approach
- Hedge accounting under IFRS 9
Module 3: IFRS 15 – Revenue Recognition
- Revenue recognition framework and the five-step model
- Handling contract changes and performance obligations
- Industry-specific applications of IFRS 15
Module 4: IFRS 16 – Leases
- Lease classification, recognition, and measurement
- Accounting for lessees and lessors under IFRS 16
- Strategic impact of lease reporting on financial statements
Module 5: Preparing IFRS Financial Statements
- Preparation of complete IFRS-compliant financial reports
- Presentation and disclosure techniques for major reports
- Ensuring alignment with regulatory standards
Module 6: IFRS and Business Decision-Making
- Using IFRS data to drive financial planning and investment strategy
- Analyzing financial ratios under IFRS structures
- Enhancing enterprise value through transparent financial reporting
Module 7: Special IFRS Topics and Advanced Reporting
- First-time adoption of IFRS: process and planning
- Complex areas: foreign currency, mergers, acquisitions, and joint ventures
- Ongoing challenges and updates in IFRS standards
Module 8: Practical Applications and Case Studies
- Hands-on, sector-specific IFRS application
- Real-life scenarios and solutions for financial disclosure
- Interactive casework and knowledge reinforcement sessions
Key Beneficiaries / Users
This training is vital for professionals and institutions aiming to excel in international financial compliance and reporting:
- Accounting and auditing firms
- Investment banks and financial institutions
- Multinational corporations implementing IFRS
- Regulatory agencies and compliance authorities
- Startups and SMEs transitioning to IFRS
- CFOs, finance managers, consultants, and business owners
- Public and private sector organizations seeking IFRS expertise
General Information
- Duration: 5-Day Intensive Training
- Format: Available On-Site (Nairobi, Kampala, Kigali, Dar es Salaam) or Online
- Delivery: Facilitated by certified IFRS experts with real-world implementation experience
- Certification: Internationally recognized IFRS certification upon successful completion
- Features:
- Hands-on exercises and advanced case studies
- Post-training mentorship for six months
- Full hospitality package for on-site attendees (meals, accommodation, and logistics)
- Competitive pricing with discounts for groups and institutions
Contacts
Step Sure Training & Research Institute (STRI)
Africa’s Leading Provider of Specialized Financial Training
Email: info@stepsureresearchinstitute.org
Phone/WhatsApp: +254 723 482 495 | +254 757 155 287
Website: www.stepsureresearchinstitute.org