Executive Development Programme in Accounting Standards Compliance

This course is designed for senior finance professionals and executives aiming to enhance their understanding of accounting standards and compliance practices. Participants will gain a comprehensive knowledge of key accounting standards, including IFRS and US GAAP, and learn how to implement robust compliance frameworks within their organizations.

By the end of the program, attendees will be equipped with the skills to manage financial reporting risks effectively, ensure regulatory adherence, and support strategic business decisions with accurate financial data.

1. 1. Introduction to International Financial Reporting Standards (IFRS): Learners will study the foundational principles of IFRS and understand how these standards are structured. They will gain the ability to identify and interpret key IFRS requirements, enhancing their foundational accounting knowledge.
2. 2. Revenue Recognition Under IFRS 15: Learners will explore the new revenue recognition model introduced by IFRS 15, focusing on practical application and real-world scenarios. They will develop skills in applying the five-step model to various business transactions.
3. 3. Financial Instruments under IFRS 9: This module delves into the complexities of financial instruments, covering classification, measurement, and impairment. Learners will gain expertise in applying IFRS 9 to manage and account for financial instruments accurately.
4. 4. Consolidation of Financial Statements: Learners will study the principles and techniques of consolidating financial statements, including control and consolidation under IFRS. They will practice preparing consolidated financial statements and understand the implications for group financial reporting.
5. 5. Leases and Fair Value Measurements: This module covers the accounting for leases under IFRS 16 and fair value measurements under IFRS 13. Learners will learn how to apply these standards to lease transactions and fair value assessments, enhancing their ability to handle complex accounting scenarios.
6. 6. Taxation and IFRS: Students will examine the interaction between IFRS and tax reporting, including temporary differences and tax accounting for financial instruments. They will develop skills in preparing and interpreting tax disclosures in financial statements.
7. 7. IFRS for Emerging Issues and Recent Amendments: This module focuses on understanding and applying recent IFRS amendments and emerging issues. Learners will stay updated with the latest developments in IFRS and be prepared to address new accounting challenges.
8. 8. Internal Controls and Assurance in Compliance: Learners will study the principles of internal controls and assurance, including the application of IFRS in internal audit processes. They will develop skills in designing and evaluating internal controls to ensure compliance with IFRS.
9. 9. Reporting and Disclosure in IFRS: This module covers the detailed requirements for financial statement reporting and disclosures under IFRS. Learners will gain expertise in preparing comprehensive and accurate financial statements that meet IFRS standards.
10. 10. Global Accounting Trends and Regulatory Environment: Students will explore global accounting trends and regulatory changes that affect IFRS compliance. They will understand the impact of these changes on accounting practices and develop strategies to adapt to evolving regulatory requirements.