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IFRS : comprendre les normes et établir les états financiers Training
- Program
- Participants / Prerequisite
- Intra/Tailored
This practical course will enable you to acquire an understanding of the rules for preparing and presenting financial statements in accordance with IFRS (International Financial Reporting Standards). You will learn about the regulatory framework around the current IFRS standards.
Learning objectives
- Acquire an understanding of the rules for preparing and presenting financial statements in accordance with IFRS standards
- Understand the regulatory framework around the IFRS standards
- Learn about the principles and constitution of the accounting standards.
Emergence and conceptual framework of the IFRS
- Context of adoption of the IFRS.
- The regulatory framework: IASB, CEE, France, convergence.
- Definition and content of the conceptual framework.
- Impact of the change on European companies.
Hands-on work
Hands-on work Knowledge quiz.
Framework for presentation of the financial statements
- Accounting principles, accounting rules, valuation rules.
- The balance sheet.
- The profit and loss account.
- Cash flow statements and changes in equity.
- Notes, events after the reporting period.
Hands-on work
Hands-on work Case study and analysis of a balance sheet in accordance with IFRS. Restate a French balance sheet with IFRS standards.
Assets
- Tangible/intangible fixed assets, depreciation, cost of borrowing, leasing.
- Stocks, fungible items, incorporation of cost, sub-activity.
- Receivables and other assets.
Hands-on work
Hands-on work Exercise on the accounting treatment of tangible fixed assets (IAS 16) Quiz
Liabilities
- Equity and treasury securities.
- Provisions (IAS 37)
- Events after the reporting period (IAS 10)
- Social obligations (IAS 19 revised)
- Tax on profit.
Hands-on work
Hands-on work Exercise in relation to the treatment of social obligations (IAS 19 revised)
Revenue recognition
- Income from ordinary activities.
- Construction operation (IAS 11)
- Interpretations in relation to revenue recognition.
Hands-on work
Hands-on work Practical exercises in relation to a construction operation.
IFRS and financial information
- Consolidation, reminder of the rules. Scope, the three methods.
- Summary of the main adjustments: leasing contracts, amortization and provisions.
- Summary of the main adjustments: dividends, asset disposals, profits on inventories.
- Evaluation method. Deferred taxation.
- The purpose of IFRS. Earnings per share (IAS 33). Operating segments reporting (IFRS8). Performance reporting.
Hands-on work
Hands-on work Consolidation in IFRS with the 3 methods.
