NEVADA | PROFESSIONAL EXPERIENCE

Program Professional Framework

Certificate in International Financial Reporting Standards (IFRS)

Program Overview

IFRS is the reporting framework for listed companies, banks and many government-related entities across the Gulf, and the standards continue to evolve. This programme provides practical command of the most significant IFRS requirements: the conceptual framework and presentation, including the new IFRS 18 Presentation and Disclosure in Financial Statements effective from 2027; revenue under IFRS 15; leases under IFRS 16; financial instruments and expected credit losses under IFRS 9; property, plant and equipment, impairment and provisions; group accounting under IFRS 10; and an introduction to sustainability disclosures under IFRS S1 and S2. Worked examples reflect common Gulf transactions in real estate, energy, banking and government-related enterprises.

Learning Outcomes

✓Apply the IFRS 15 five-step model to multi-element contracts, including variable consideration.
✓Account for leases under IFRS 16, measuring right-of-use assets and lease liabilities.
✓Classify and measure financial assets under IFRS 9 and calculate a simplified expected credit loss.
✓Perform an impairment test under IAS 36 for a cash-generating unit.
✓Explain the main presentation changes introduced by IFRS 18 and their effect on the income statement.
✓Prepare basic consolidation entries for a parent and subsidiary under IFRS 10.

Target Audience

Financial reporting accountants and managers
Chief accountants and financial controllers
External and internal auditors
Finance staff in listed and government-related companies

Detailed Program Modules

01Framework and Presentation

IFRS conceptual framework
IAS 1 and the transition to IFRS 18
Accounting policies, estimates and errors

02Revenue Recognition

IFRS 15 five-step model
Variable consideration and contract modifications
Real estate and long-term contract examples

03Leases and Non-Current Assets

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

04Financial Instruments

IFRS 9 classification and measurement
Expected credit loss model
Hedge accounting overview

05Provisions, Taxes and Group Accounting

IAS 37 provisions and contingencies
IAS 12 income taxes and UAE corporate tax implications
IFRS 10 consolidation basics

06Disclosures and Emerging Requirements

Key disclosure requirements
IFRS S1 and S2 sustainability disclosures
Preparing for new and amended standards

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 prepare IFRS adjustments for a case company operating in the Gulf, covering a revenue contract under IFRS 15, a lease under IFRS 16, an expected credit loss calculation, an impairment test and a restated income statement in IFRS 18 format.

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 Certificate in International Financial Reporting Standards (IFRS)

International accreditation: International Auditors Group (IAG)