Bespoke IFRS Instructor Led Training
As well as IFRS e-learning, ILX Group offer a number of comprehensive training modules to keep preparers and users of IFRS financial information up to date with the latest accounting rules.
Each module can be run in an independent classroom session of anything between 1 and 3 hours. Shorter sessions will cover all the main points, but longer sessions will allow for increased application and understanding.
Alternatively sessions can be selected from the list and linked together in an appropriate manner to create a training course of up to 2 days duration. All sessions can be tailored for a particular audience.
Contact Us
If you would like to obtain a quote for some IFRS training from the below modules fill in our quote request form below or call +44 (0) 1270 611 600 to discuss your requirements with an IFRS training advisor.
IFRS Classroom Training Modules
Module 1: Business Combinations
IFRS accounting rules for the preparation of consolidated financial statements and M&A activity.
Consolidation accounting |
Concept of the group |
Acquisition accounting |
100% consolidation |
Equity accounting |
Associates and joint ventures |
Other issues |
Impairment of goodwill |
IFRS 3 (revised) – new accounting rules |
Application date |
Module 2: F/x (IAS 21) and Financial instruments (IAS 39)
IFRS accounting rules for foreign exchange transactions and financial instruments.
Introduction |
Background and history of IAS 39 Financial instrument definition |
Foreign exchange basics |
Translational vs transactional fx differences Gains and losses to income statement or equity |
Financial instrument classification |
Categories of financial asset, liability and equity Classification criteria Fair value option Classification exercise |
Accounting treatments |
Amortised cost accounting Fair value through income statement Fair value through equity Illustrative examples |
Hedge accounting |
Risk management and hedging Cash flow, fair value and net investment hedge Designation, documentation and effectiveness Illustrative exercises |
Other issues |
Financial asset impairment Determination of fair value Embedded derivatives |
Module 3: Leasing and other off balance sheet arrangements
IFRS accounting rules for off balance sheet arrangements such as leasing transactions.
Introduction |
What is meant by off balance sheet? Why seek off balance sheet treatment? Types of off balance sheet arrangement |
Leasing |
Lease classification indicators Operating lease accounting Finance lease accounting Sale and leaseback transactions Lease accounting exercise |
Securitization arrangements |
Transfer of financial assets SPE structuring Financial asset derecognition Receivable securitization illustration |
Other off balance sheet arrangements |
Sale and repurchase arrangements Derivative transactions |
Module 4: Employee benefits
IFRS accounting rules for pensions and share options.
Pension arrangements |
Defined benefit vs defined contribution Accounting for defined contribution schemes |
Defined benefit pensions |
Pension asset movement Pension obligation movement Income statement treatment Actuarial gains and losses Defined benefit pension accounting exercise |
Share option schemes |
Terminology
Treatment at exercise date
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Module 5: Deferred tax
IFRS accounting rules for deferred tax.
Introduction |
Accounting rules vs tax rules Permanent differences vs temporary differences The deferred tax solution |
Types of deferred tax adjustment |
Simple timing differences Capital allowances on non-current assets Revaluation of non-current assets Defined benefit pension arrangements Tax losses carried forward Unrecognised deferred tax assets Deferred tax on acquisitions Presentation and disclosure Deferred tax accounting exercises |
