NEVADA | PROFESSIONAL EXPERIENCE

Program Professional Framework

International Financial Reporting Standards (IFRS)

Program Overview

IFRS is mandatory or widely adopted across GCC listed companies, banks and many government-related entities, so finance teams must apply it consistently and explain its judgements. This programme on «International Financial Reporting Standards (IFRS)» provides a structured tour of the standards that matter most in practice: presentation and cash flows, revenue under IFRS 15, financial instruments and expected credit losses under IFRS 9, leases under IFRS 16, property, plant and equipment, impairment, provisions, income taxes, consolidation and joint arrangements, and fair value measurement.

Learning Outcomes

✓Apply IFRS 15 to recognise revenue for contracts with multiple performance obligations.
✓Classify and measure financial assets under IFRS 9 and calculate expected credit losses.
✓Account for leases from the lessee's perspective under IFRS 16.
✓Perform an impairment test for a cash-generating unit under IAS 36.
✓Prepare basic consolidation adjustments under IFRS 10, including non-controlling interests.
✓Measure fair value using the IFRS 13 hierarchy and identify required disclosures.

Target Audience

Financial and reporting accountants
Financial controllers and finance managers
External and internal auditors
Regulators and analysts reviewing IFRS statements

Detailed Program Modules

01Framework and Presentation

Conceptual Framework and IAS 1
IAS 7 statement of cash flows
IAS 8 policies, estimates and errors

02Revenue and Contracts

IFRS 15 five-step model
Variable consideration and principal versus agent
Contract costs and disclosures

03Financial Instruments

IFRS 9 classification and measurement
Expected credit loss model
Financial liabilities and derecognition

04Leases and Non-Current Assets

IFRS 16 lessee accounting
IAS 16 property, plant and equipment
IAS 36 impairment of assets

05Liabilities, Taxes and Fair Value

IAS 37 provisions and contingencies
IAS 12 income taxes and deferred tax
IFRS 13 fair value measurement

06Group Reporting

IFRS 10 consolidation and control
IFRS 11 joint arrangements and IAS 28 associates
IFRS 3 business combinations basics

Training Methodology

Interactive expert-led sessions grounded in workplace examples

Case studies and practical exercises drawn from the region

Group workshops with peer review of decisions and deliverables

Formative feedback against clear performance criteria

Applied Project & Assessment

Applied Project

Participants analyse a set of case transactions for a GCC group, determine the IFRS treatment for revenue, leases, financial assets and impairment, post the journals and draft the related accounting policy notes.

Assessment

Short diagnostic at the start, practical tasks linked to each learning outcome, and evaluation of the applied project against published criteria.

University Certificate & International Accreditation

Professional Certificate accredited by City University Malaysia in International Financial Reporting Standards (IFRS)

International accreditation: International Auditors Group (IAG)