About Our Certificate in International Financial Reporting Standards Course

Time Training Center’s 30-hour Certificate in International Financial Reporting Standards (IFRS) Course equips you with the technical knowledge and practical skills required to interpret, apply, and comply with IFRS in global financial reporting. The Certificate in International Financial Reporting Standards is a comprehensive training program designed to provide finance and accounting professionals with an in-depth understanding of the principles, structure, and application of IFRS. As global businesses increasingly transition toward uniform accounting frameworks, IFRS has become the benchmark for financial reporting transparency, comparability, and consistency across international boundaries. This course addresses key standards and practical applications essential to accurate financial statement preparation and analysis in compliance with IFRS requirements.

Participants will explore the full set of financial statements under IFRS, the treatment of income taxes, classification and measurement of financial instruments, and consolidation procedures for group accounts. The course also delves into the equity method for associates, business combinations, and the measurement and impairment of goodwill. Through practical scenarios and real-world examples, this course drives enhanced technical precision, professional confidence, and the ability to produce globally compliant financial statements, empowering participants to contribute effectively to their organizations’ international financial reporting and strategic decision-making.

Certificate in International Financial Reporting Standards Course Objectives

Upon successful completion of this Certificate in International Financial Reporting Standards course, participants will be able to:

• Identify the components of total comprehensive income and other comprehensive income in accordance with IFRS
• Properly account for income taxes, including the recognition and measurement of current and deferred tax assets and liabilities
• Classify financial instruments and apply the principles of IFRS 9 for initial recognition, measurement, and impairment
• Determine the concepts of control and power as defined in IFRS 10 and consolidate financial statements accordingly
• Define significant influence and apply the equity method for accounting for associates and joint ventures
• Execute the required steps for accounting business combinations under IFRS 3 and accurately measure and account for goodwill

Who Should Attend Our Certificate in International Financial Reporting Standards Course?

This course is highly beneficial for professionals involved in financial reporting, including:

• Financial Accountants and Controllers
• Finance Managers and Financial Analysts
• Auditors and Assurance Specialists
• IFRS Implementation Teams
• Internal and External Auditors
• Regulatory Compliance Officers
• Accounting and Finance Professionals preparing for IFRS certification
• Professionals transitioning to IFRS-based reporting frameworks

Certificate in International Financial Reporting Standards Course Training Methodology

We employ a comprehensive and applied learning strategy, integrating theory with real-world implementation:

• 30% Conceptual Learning: Expert-led sessions on catalytic theory and engineering principles
• 20% Interactive Workshops: Group exercises, presentations, and technical discussion forums
• 30% Case-Based Learning: Industry-specific examples and troubleshooting scenarios
• 20% Technology Integration: Digital tools, simulations, and catalyst modeling applications

Certificate in International Financial Reporting Standards Course Instructor

Note: Instructors may adjust the training approach to fit technical requirements or participant engagement levels.

Our courses are delivered by highly qualified instructors with extensive experience in both industry and academia. With decades of hands-on expertise across a wide range of technical disciplines, our instructors are dedicated to providing high-quality, impactful training that equips participants with practical knowledge and skills they can immediately apply. Full instructor profiles are available upon request.

Certificate in International Financial Reporting Standards Course Fees

The course fee includes the following:

• Course Materials: Comprehensive participant materials, including lecture notes, slides, and case study documents. (Tablet or IPAD)
• Coffee/Tea: Provided on arrival and during morning and afternoon breaks to keep participants refreshed.
• Buffet Lunch: Served daily to ensure participants have an opportunity to network and recharge during lunch breaks.

Certificate in International Financial Reporting Standards Course Outline

Module 1: Overview of Fundamental Concepts in IFRS

• Pre-test assessment of existing knowledge
• History and evolution of IFRS
• Objective and scope of IFRS standards
• Complete set of financial statements under IFRS
• Classification of assets and liabilities
• Components and classification of stockholders’ equity

Module 2: Total Comprehensive Income and Other Comprehensive Income

• Definition and structure of total comprehensive income (TCI)
• Components of other comprehensive income (OCI)
• Recognition and presentation requirements

Module 3: Income Taxes (IAS 12)

• Recognition and measurement of current tax
• Recognition and measurement of deferred tax
• Recognition in profit and loss or OCI
• Deferred tax assets and liabilities
• Presentation and disclosure requirements

Module 4: Financial Instruments (IFRS 9, IAS 32, IFRS 7)

• Classification of financial assets based on business model and cash flow characteristics
• Measurement categories: amortized cost, FVTPL, FVOCI
• Impairment models and expected credit losses
• Presentation principles under IAS 32
• Disclosure requirements under IFRS 7

Module 5: Consolidation of Financial Statements (IFRS 10)

• Definition of control and identification of subsidiaries
• Consolidation procedures and elimination of intercompany transactions
• Accounting for non-controlling interests (NCI)
• Impact of loss of control and deconsolidation

Module 6: Accounting for Joint Arrangements and Associates (IAS 28, IFRS 11)

• Distinction between joint operations and joint ventures
• Accounting for joint operations under IFRS 11
• Equity method for joint ventures and associates
• Identification of associates and the concept of significant influence
• Impairment testing of investments under the equity method

Module 7: Business Combinations (IFRS 3)

• Determining fair value in a business combination
• Accounting process for acquisitions using the acquisition method
• Recognition and measurement of goodwill and gain on bargain purchase
• Measuring non-controlling interests: full goodwill vs. partial goodwill methods
• Impairment of goodwill under IAS 36

Module 8: Capstone and Assessment

• Review of Core Topics and Key Learnings
• Final Group Discussion and Q&A
• Post-Test Evaluation
• Certificate Presentation

Course Completion Certificate

Upon successfully completing the Certificate in International Financial Reporting Standards Course at Time Training Center, participants will receive an official Course Completion Certificate. This certificate recognizes their achievement in understanding and applying IFRS principles, preparing compliant financial statements, and enhancing global financial reporting skills.