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Beacon FinTrain

Provides an array of professional business and financial training services that stem from improving a corporate's treasury workflow —all the way to efficient, finance training programs.

Course Overview

This workshop will take the participants through a learning journey where they will be exposed to International Financial Reporting standards updates and their implications and applications.

Learning Outcome

understand how international financial reporting standards (IFRS) are used around the world.

explain how the international financial reporting standards foundation (IFRSF) / international accounting standards board (IASB) work and how they are being changed.

examine the fundamental requirements of IFRS on a standard-by-standard basis.

provide guidance on how to use IFRS in practice.

Course Outline


  • A brief summary of the adoption of International Financial Reporting Standards (IFRS Standards) in different jurisdictions
  • The growth of the International Accounting Standards Board (IASB) and IFRS standards
  • IFRS Standards and small and medium-sized entities.

  • IAS 1 Presentation of Financial Statements
  • IFRS 15 Revenue from Contracts with Customers
  • IAS 8 Accounting Policies, Changes in Accounting Estimates, and Errors.

  • IAS 38 Intangible Assets
  • IAS 36 Impairment of Assets
  • IAS 20 Accounting for Government Grants and Disclosure of Government Assistance
  • IAS 2 Inventories.




  • IAS 37 Provisions, Contingent Liabilities, and Contingent Assets
  • IAS 19 Employee Benefits
  • IAS 12 Income Taxes
  • IFRS 2 Share-based Payment.





  • Overview of IFRS Standards and UK GAAP
  • Understanding the Frameworks and Principles
  • Scope and Applicability of IFRS Standards vs. UK GAAP
  • Differences in Financial Reporting Requirements
  • Treatment of Specific Accounting Issues
  • Measurement Bases and Valuation Methods
  • Presentation and Disclosure Requirements
  • Impact on Financial Statements and Interpretations
  • Adoption and Transition Considerations
  • Regulatory and Reporting Authorities
  • Stakeholder Perceptions and Expectations
  • Challenges in Harmonizing Financial Reporting
  • Case Studies and Practical Examples
  • Implications for International and Domestic Business Operations
  • Continuous Monitoring of Changes and Updates
  • Future Trends in Accounting Standards Convergence or Divergence.

Who Should Attend

Head of Internal Audit =Internal Audit Mangers =Internal auditors =Finance professionals

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