Start a conversation ↗

Description

IFRS Standards: Understanding the Framework, Applying the Principles, Reading the Statements

Approach a set of IFRS accounts without losing your bearings between local statutory practice and the international framework

  • 1 day — 7 h
  • In-person or virtual
  • Foundation
  • Up to 6 participants

The group reports under the international framework while the accountant trained on local statutory practice loses familiar reference points. Captions change, certain assets appear while others disappear, and profit is no longer built in the same way. Questions from head office relate to concepts that have never had to be handled before.

This one-day introduction sets the framework. Participants position the international standards and their adoption process, identify the structuring principles that explain the differences with local statutory practice, then review the financial statements to know what each one contains. They leave able to read IFRS accounts and to engage confidently with their counterparts.

Learning objectives

  • Position the international framework and its adoption process
  • Explain the structuring principles that distinguish IFRS from local statutory practice
  • Identify the content of each of the required financial statements
  • Analyse the treatment of the main asset and liability captions
  • Recognise the disclosures required in the notes and their purpose

What makes this programme different

Differences with local statutory practice are shown caption by caption on the same set of accounts
A published set of IFRS financial statements is reviewed in session to identify each line item
Every concept is introduced through the problem it solves rather than through the text of the standard

Programme

1Conceptual framework and architecture of the standards

Understanding the logic before the standards

  • Objectives of financial reporting and intended users
  • Standard-setting and adoption process
  • Substance over form and the notion of fair value
  • First-time adoption and opening adjustments

2Financial statements and presentation

Knowing what each statement contains

  • Statement of financial position and classification of items
  • Statement of comprehensive income and the distinction between components
  • Statement of cash flows and changes in equity
  • Notes and required disclosures
  • Segment information and comparability between groups

3Treatment of the main captions

Seeing the differences where they matter

  • Property, plant and equipment, intangible assets and impairment testing
  • Lease contracts from the lessee's perspective
  • Revenue from contracts with customers
  • Inventories, provisions and employee benefits
  • Financial instruments and classification principles

Who is it for

Accountants and management controllers, as well as consolidation team members, junior auditors and finance professionals approaching the international framework.

Prerequisites

Sound command of accounting mechanisms and ability to read annual accounts prepared under local statutory practice.

Dates & locations

24 scheduled dates between November 2026 and December 2027. Seats are confirmed in the order enquiries are received.

November 2026

December 2026

January 2027

February 2027

March 2027

April 2027

May 2027

June 2027

September 2027

October 2027

November 2027

December 2027

None of these dates suit you? We open additional sessions on request, and any programme can be run privately for your team.

Practical details

Before the programme
Online positioning questionnaire. Your development objectives are shared with the trainer, who tailors the practical case studies to your context.
Teaching methods
Theoretical input, workshops and practical case studies. Digital course materials and method sheets provided.
Assessment
Multiple-choice tests and role-play exercises. Assessment of learning at the start and end of the programme, with immediate and 60-day follow-up evaluations.
After the programme
One year of access to the e-learning platform. Self-assessment of the skills acquired and a 30-day follow-up session with your trainer.
How to register
Registration online or on the basis of a quotation.
Lead time
11 working days after confirmation of registration.
Accessibility
Accessible to people of determination. Contact our accessibility coordinator to design a suitable solution: contact@mpf-academy.ae
Start dates
Rolling intake: in addition to the scheduled sessions, this programme can start on request.