Start a conversation ↗

Description

IFRS Standards: Understanding the Framework, Reading the Statements and Applying the Key Standards

Understand the logic of the IFRS framework and identify where it departs from local statutory accounts

  • 2 days — 14 h
  • In-person or virtual
  • Foundation
  • Up to 6 participants

Moving to IFRS, or contributing to the reporting package of a foreign parent company, unsettles teams used to local statutory accounting practices. Some costs become assets, certain provisions disappear. Without an overall view, each person applies an instruction without understanding the reasoning behind it.

These two days provide a structured overview of the framework. Participants position the conceptual framework, read a complete set of international financial statements and work through the most frequent treatments: revenue, property plant and equipment, lease contracts and financial instruments. Each topic is illustrated by a simple quantified adjustment.

Learning objectives

  • Position the conceptual framework and the architecture of the international standards
  • Read a complete set of financial statements prepared under IFRS
  • Identify the main differences in treatment compared with local statutory accounts
  • Account for everyday revenue, fixed asset and lease transactions
  • Build the conversion adjustments required for group reporting

What makes this programme different

Each standard covered is compared with the corresponding local statutory treatment
Adjustments are built step by step on a single case study running through the programme
A reusable conversion sheet is produced for the most frequent transactions

Programme

1Architecture of the framework

Understanding the logic before the standards

  • Conceptual framework, objectives of financial information and intended users
  • Substance over form and the role of fair value
  • Standard-setting process and the adoption of IFRS internationally and in the region
  • Scope of application and reporting obligations by type of entity

2Reading the financial statements

Finding your bearings in a different presentation

  • Components of a complete set of financial statements
  • Statement of financial position and current / non-current classification
  • Statement of comprehensive income and the distinction with other comprehensive income
  • Statement of cash flows and statement of changes in equity
  • Purpose and content of the notes to the financial statements

3Current assets and liabilities

Handling the most frequent transactions

  • Property, plant and equipment: component approach and depreciation
  • Impairment of assets and determination of the recoverable amount
  • Intangible assets and development costs
  • Lease contracts and recognition in the lessee's statement of financial position
  • Inventories, provisions and contingent liabilities

4Revenue, instruments and reporting

Completing the conversion to the group reporting package

  • Revenue recognition and analysis of performance obligations
  • Classification and measurement of financial instruments
  • Employee benefits and end-of-service and pension obligations
  • Deferred tax arising from the conversion adjustments
  • Building the conversion file and the consolidation reporting package

Who is it for

Accountants, accounting managers, consolidation specialists, management controllers, auditors and analysts required to prepare or read financial statements drawn up under international standards.

Prerequisites

Good command of general accounting principles and the ability to read a statement of financial position and an income statement

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.