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Home All Courses CIFRS Certificate in IFRS

CIFRS Certificate in IFRS

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Course Overview

International Financial Reporting (IFRS) is the indisputably global solution for any country in the world to integrate into the international capital markets. There is virtually no room for a local solution in this category, and an increasing number of entities are moving to IFRS. Access to capital from both the domestic and international arena is inextricably linked to the integrity and international credibility of financial reporting.

The IFRS standard setters have been pursuing a process of revamping standards to improve global financial reporting and this course is a necessity for IFRS preparers and users to be up-to-date with current standards and trends. This course offers the learner a comprehensive understanding of the essential elements of IFRS; beginning by building on the foundations laid by the IASB’s mainstream IFRS standards. The course develops key skill competencies through the application of sound theoretical content within a practical, real-life inspired case-study based environment.



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5 Key Takeaways


Improved knowledge and understanding of the global trends for International Financial Reporting Standards.

Practical application of IFRS standards.



Understanding of recent changes in IFRS and practicalities of their application.

Practical understanding of the transitional challenges and approaches in moving to Internationally accepted reporting norms of IFRS.



IFRS changes on the horizon and their impact in Financial Reporting.



See What’s Inside Our 2022 Catalog

Course Outline


IFRS Overview

  • The Global movement to IFRS

  • Principles vs. rule-based approach to accounting

  • US GAAP Convergence IFRS Core Concepts

  • IAS 1 and Conceptual Framework

  • Purpose and rationale for the conceptual framework

  • Overview of significant changes to the framework
    - Reason for the changes
    - Impact on IFRS reporting

  • Fundamental and enhancing qualitative characteristics of financial statements
  • Materiality and aggregation

Assets under IFRS

  • IAS 16: Property, Plant and Equipment

  • Cost capitalisation criteria

  • Repairs and maintenance

  • Component accounting and depreciation

  • Revaluation methodology

  • Establishing capitalization thresholds

  • Decommissioning costs

  • Guidance on self-constructed assets

Case Study: Exercises and group discussion of different scenarios to determine if costs can be capitalised and an exercise on the application of component accounting followed by in depth group discussion.


Assets under IFRS (continued)

  • IAS 40: Investment Property

  • What is investment property

  • Accounting alternative for investment properties

  • IAS 36: Impairment of Non-Current Assets

  • Principles what is impairment

  • Key stages in the impairment process

  • Application of impairment adjustments

  • Guidelines for impairment reversals

Case Study: Identification of cash generating units; numerical application of impairment.

Accounting for Liabilities

  • IAS 37: Provisions, Contingent Liabilities and Contingent Assets

  • Definitions and concepts to determine if provisions

  • Identifying the obligating event

  • Legal and constructive obligations

  • Estimating provisions

  • Recognition criteria

  • Restructuring and onerous contracts

  • Treatment of contingent assets and liabilities

Case Study: Exercise on determining the tax base and carrying values followed by a comprehensive numerical example on determining deferred tax.

Financial Statement Presentation

  • IFRS 5: Non-Current Assets Held for Sale and Discontinued Operations

  • Purpose of this standard

  • Criteria to determine held for sale / discontinued operations

  • Accounting treatment under IFRS 5

  • IFRS 8: Operating Segments

  • Purpose of the standard

  • How the management-based approach works

  • Identification of reportable segments

  • Role of the chief operating decision makers (CODM)

  • Reportable segment thresholds



LEORON - Professional Development Institute

Built upon the strong experience in the manufacturing sector, which the founders developed in Sweden during the 90’s global expansion, LEORON evolved into a comprehensive training institute, offering training and development solutions in all strategic corporate functions, including corporate finance, HR, SCM, operations, and engineering.

With strategic distribution of our offices in leading locations, such as Dubai, Riyadh, Jonkoping, Skopje, Accra, and Almaty, our team of experts delivers approximately 500 courses annually, and roughly 10000 professionals are equipped with appropriate education and the latest insights in a wide assortment of industries across the EMEA region.



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Who Should Attend?

This highly practical and interactive course has been specifically designed for:

  • Heads of Finance

  • Chief Accountants

  • Financial Controllers

  • Prepares of IFRS financial statements

  • Analysts requiring knowledge of IFRS compliant statements

  • External and Internal Auditors






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Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.

LEORON Institute partners with 20+ international bodies and associations.
We also award continuing professional development credits (CPE/PDUs) for:
1. NASBA (National Association of State Boards of Accountancy)
2. Project Management Institute PDUs
3. CISI credits
4. GARP credits
5. HRCI recertification credits
6. SHRM recertification credits

The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +971 4 447 5711 or [email protected].

The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.

Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.

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