International Financial Reporting Standards

Course Ref: FIN.9   Course Subject: Register for this course

Dates for this course

09/07/12 - 13/07/12

12/11/12 - 16/11/12

Who should attend:
• Delegates who have a good basic knowledge of finance principles and who are looking for
   best practice and structured ways of achieving leading edge strategic delivery both in planning
   and implementation of IFRS

Course objectives:

• To understand the role and purpose of IFRS
• To effectively scope and plan IFRS adoption/migration strategies
• To manage implementation throughout all financial functions in a structured way whilst still maintaining the financial management system
• To effectively engage with key stakeholders
• To ensure audit teams are fully prepared
• To leverage the organisational benefits of IFRS

Course content:
• The background and development of IFRS
• Underlying financial principles within IFRS
• Disclosure and transparency aspects
• The current global adoption of IFRS
• Key organisational benefits
• Global best practice
• The Strategic planning process roadmap
• Mapping regional standards to IFRS – GAP Analysis
• Resource planning
• Scoping dual reporting
• Interviewing skills specific to job selection and promotion
• Financial function migration – phasing and specific functional challenges
• Strategy sense checks
• Critical success factors in implementing IFRS
• Ensuring effective reporting of progress
• “Business as usual” – maintaining key financial activities during adoption
• Support & clarification from IFRS/IAS
• Effective project management
• Auditor training and charter development
• Investment leverage strategies
• Funding leverage strategies
• Governance benefits
• Engaging key stakeholders – senior team, marketing, audit, and treasury
• Developing a unified organisational approach

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The course was very good and very useful. I really enjoyed it and all the lecturers were excellent.

Production Manager - Sirte Oil Company - Libya