Introduction

International Financial Reporting Standards (IFRS) have become the global benchmark for financial reporting, promoting consistency, transparency, and comparability across organisations and industries. As Saudi Arabia continues to align financial reporting practices with international standards through the Saudi Organization for Chartered and Professional Accountants (SOCPA), finance professionals must possess a strong understanding of IFRS requirements and their practical implementation.

This International Financial Reporting Standards (IFRS) training course provides participants with a structured understanding of key IFRS principles, accounting treatments, disclosure requirements, and reporting obligations. The training course explores the application of major standards affecting financial statement preparation, asset valuation, revenue recognition, financial instruments, consolidation, and fair value measurement.

Through practical examples and case-based learning, participants develop the capability to interpret and apply IFRS standards effectively while ensuring compliance with evolving regulatory expectations and reporting requirements.

Key focus areas include:

Key Learning Outcomes

At the end of this International Financial Reporting Standards (IFRS) training course, participants will be able to:

Training Methodology

This training course adopts an interactive and practical learning approach combining expert instruction, worked examples, case studies, and application exercises. Participants examine real-world financial reporting scenarios to strengthen their understanding of IFRS requirements and develop practical skills for implementing standards within their organisations.

International Financial Reporting Standards (IFRS)

Who Should Attend?

This International Financial Reporting Standards (IFRS) training course is designed for:

  • Accounting Professionals
  • Financial Managers
  • Auditors
  • Financial Analysts
  • Bankers
  • Investment Banking Professionals
  • Professionals responsible for preparing, reviewing, implementing, or analysing IFRS-compliant financial statements

Course Outline

Day 1

Evolution of International Accounting Standards and Financial Reporting

  • IFRS:
    • Introduction, history, and overview of current and future standards.
    • Convergence between IASB and SOCPA.
  • Framework for Preparing and Presenting Financial Statements:
    • Scope, structure, and content of financial statements as per SOCPA.
    • Measurement and recognition of elements in financial statements.
  • IFRS Financial Statement Presentation and Post-Reporting Period Events:
    • IAS 1: Presentation of Financial Statements.
    • IAS 7: Statement of Cash Flows.
    • IAS 8: Accounting Policies, Changes in Accounting Estimates, and Errors.
    • IAS 37: Provisions, Contingent Liabilities, and Contingent Assets.
    • IAS 10: Events After the Reporting Period.
Day 2

Recognition and Measurement of Non-Current Assets

  • IAS 16: Property, Plant, and Equipment:
    • Asset valuation.
    • Revaluation.
    • Depreciation.
  • IAS 38: Intangible Assets.
  • IAS 36: Impairment of Assets.
  • IFRS 5: Non-Current Assets Held for Sale and Discontinued Operations.
  • IAS 40: Investment Property.
  • Case Studies.
Day 3

IFRS Impact on Financial Statements 1

  • IAS 2: Inventories.
  • IAS 12: Income Taxes.
  • IAS 21: Effects of Changes in Foreign Exchange Rates.
  • IAS 23: Borrowing Costs.
  • IFRS 6: Exploration for and Evaluation of Mineral Resources.
  • IAS 24: Related Party Disclosures.
  • IAS 20: Accounting for Government Grants and Disclosure of Government Assistance.
  • Case Studies.
Day 4

Financial Instruments and IFRS Impact on Financial Statements 2

  • Financial Instruments:
    • IFRS 9: Financial Instruments.
    • IAS 32: Financial Instruments: Presentation.
    • IAS 39: Recognition and Measurement.
    • IFRS 7: Financial Instruments: Disclosures.
  • IFRS Impact on Financial Statements:
    • IFRS 13: Fair Value Measurement.
    • IAS 33: Earnings Per Share.
    • Case Studies.
Day 5

Consolidated Reporting, New Standards, and Practical Implications

  • IAS 28: Investments in Associates and Joint Ventures.
  • IFRS 3: Business Combinations.
  • IAS 27: Separate Financial Statements.
  • IFRS 10: Consolidated Financial Statements.
  • New Standards:
    • IFRS 15: Revenue from Contracts with Customers.
    • IFRS 16: Leases.
  • Case Studies.

International Standards & Professional Alignment

Our training courses are aligned with internationally recognised professional standards and frameworks across leadership, strategy, finance, governance, risk, compliance, and audit. By integrating globally trusted models, we ensure learners develop practical, relevant, and industry-recognised capabilities.

Our trainings draw on leading international standards and professional frameworks, including ISO, ISACA, COSO, OECD, IIA, FATF, Basel, IFRS/ISSB, GRI, NIST, CPD, ILM and the OECD AI Principles. This alignment ensures consistency with global best practices across financial management, risk oversight, digital governance, sustainability, and strategic decision-making..

Designed in alignment with globally recognised professional bodies, our courses support continuous professional development, strengthen organisational capability, and provide clear pathways toward professional certifications valued worldwide.

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