Financial Reporting and IFRS Compliance Course

Course Introduction

Financial Reporting and IFRS Compliance Course is designed to equip finance professionals, accountants, auditors, and reporting officers with advanced knowledge of International Financial Reporting Standards (IFRS) and their practical application in preparing accurate, transparent, and globally compliant financial statements. The course strengthens technical reporting capabilities and ensures adherence to international accounting frameworks.

The course introduces the conceptual framework of financial reporting under IFRS, including recognition, measurement, presentation, and disclosure principles. Participants will develop a strong foundation in understanding how financial information is structured and communicated in compliance with global standards to enhance comparability and transparency.

A key focus is placed on core IFRS standards such as IFRS 9, IFRS 15, IFRS 16, IAS 1, IAS 2, and IAS 7. Participants will explore how these standards apply to financial instruments, revenue recognition, leases, inventory valuation, and cash flow reporting in real-world organizational contexts.

The training also emphasizes preparation and presentation of financial statements in accordance with IFRS requirements. Participants will learn how to ensure accuracy, consistency, and compliance in financial reporting while addressing common errors, misstatements, and disclosure challenges faced by organizations.

The course further explores consolidation of financial statements, fair value measurement, impairment testing, and complex reporting scenarios. Participants will gain practical insights into group accounting, multinational reporting structures, and regulatory expectations in different jurisdictions.

By the end of the course, participants will be able to prepare IFRS-compliant financial statements, interpret global reporting standards, and ensure high-quality financial reporting that meets international regulatory and stakeholder expectations.

Duration
5 Days

Who Should Attend

• Accountants and Senior Finance Officers
• External and Internal Auditors
• Financial Reporting Managers
• Chief Financial Officers (CFOs)
• Tax and Compliance Officers
• Investment and Equity Analysts
• Banking and Credit Risk Officers
• Government Finance and Treasury Officers
• NGO and Development Finance Staff
• Corporate Finance Professionals
• Accounting Consultants and Advisors
• Finance Lecturers and Students

Course Objectives

• Develop comprehensive understanding of IFRS principles and global financial reporting frameworks effectively.
• Strengthen ability to prepare and present financial statements in full IFRS compliance accurately.
• Build expertise in applying key IFRS standards including IFRS 9, 15, and 16 effectively.
• Enhance skills in financial statement recognition, measurement, and disclosure requirements effectively.
• Equip participants with knowledge of consolidation and group financial reporting processes effectively.
• Strengthen capacity to apply fair value measurement and impairment assessment techniques accurately.
• Improve ability to identify and correct errors in financial reporting systems effectively.
• Develop skills in interpreting complex financial reporting scenarios across industries effectively.
• Enable participants to ensure transparency, consistency, and comparability in financial reporting successfully.
• Strengthen professional competence in global accounting compliance and regulatory alignment effectively.

Course Outline

Module 1: Introduction to Financial Reporting and IFRS Framework

• Understanding objectives and scope of IFRS in global financial reporting systems effectively
• Exploring conceptual framework for financial reporting and accounting principles
• Identifying key users and stakeholders of financial statements
• Understanding regulatory environment governing international financial reporting standards

Module 2: IFRS Conceptual Framework and Principles

• Understanding recognition, measurement, and presentation principles under IFRS effectively
• Exploring qualitative characteristics of useful financial information
• Applying accounting assumptions and constraints in reporting processes
• Strengthening conceptual understanding of financial reporting structure

Module 3: IFRS 9 Financial Instruments

• Understanding classification and measurement of financial assets and liabilities effectively
• Applying impairment and expected credit loss models
• Managing hedge accounting under IFRS 9 requirements
• Strengthening financial instrument reporting accuracy

Module 4: IFRS 15 Revenue from Contracts with Customers

• Understanding five-step revenue recognition model effectively
• Identifying contract obligations and performance criteria
• Allocating transaction prices to performance obligations
• Ensuring accurate revenue recognition compliance

Module 5: IFRS 16 Leases

• Understanding lease classification and recognition requirements effectively
• Recording right-of-use assets and lease liabilities
• Measuring lease payments and depreciation impacts
• Enhancing lease reporting accuracy and transparency

Module 6: IAS Standards Overview (IAS 1, 2, 7)

• Understanding presentation of financial statements under IAS 1 effectively
• Applying inventory valuation principles under IAS 2
• Preparing cash flow statements under IAS 7 requirements
• Strengthening compliance with core IAS standards

Module 7: Consolidated Financial Statements

• Understanding principles of group accounting and consolidation effectively
• Eliminating intercompany transactions and balances
• Preparing consolidated income statements and balance sheets
• Managing complex group reporting structures

Module 8: Fair Value Measurement and Impairment

• Understanding fair value hierarchy and valuation techniques effectively
• Assessing asset impairment and recoverable amounts
• Applying valuation models in financial reporting
• Strengthening accuracy in asset measurement

Module 9: Disclosure Requirements and Compliance

• Understanding IFRS disclosure requirements and reporting obligations effectively
• Ensuring completeness and transparency in financial reporting
• Managing notes to financial statements and supplementary disclosures
• Strengthening regulatory compliance in reporting

Module 10: Advanced Financial Reporting Issues

• Addressing complex reporting scenarios and multinational structures effectively
• Managing restatements and prior period adjustments
• Strengthening audit readiness and reporting integrity
• Enhancing global financial reporting competence

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: training@upskilldevelopment.com Tel: +254 721 331 808

Training Venue 

The training will be held at our Upskill Training Centre. We also offer training for a group (at a discount of 10% to 50%) at requested location all over the world. The Onsite course fee covers the course tuition, training materials, two break refreshments, buffet lunch, airport transfers, Upskill gift package, and guided tour.

Visa application, travel expenses, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Upskill certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: training@upskilldevelopment.com, +254 721 331 808

Terms of Payment:

Unless otherwise agreed between the two parties’ payment of the course fee should be done 3 working days before commencement of the training so as to enable us to prepare better.