Description

The international IFRS accounting standards have evolved regularly since their creation. This training will allow you to update your regulatory knowledge: you will discover the new standards in force, those which have undergone a revision as well as the projects to overhaul existing standards.

Who is this training for ?

For whom ?

Consolidators, executives and financial analysts having to practice, read and interpret group accounts.

Prerequisites

Experience and operational practice of international accounting standards.

Training objectives

Update your knowledge of IAS and IFRS standards and their developments

Anticipate the application of new standards and overhaul projects

Understand the difficulties of implementing these new standards

Understand changes in consolidation standards< /p>

Training program

• The notions of group, control and consolidation standards
  • Reminders on the notions of group, control and existing consolidation methods.
  • Convergence with US GAAP.
  • The objectives of the new consolidation standards: the single principle of control and convergence with US GAAP.
  • IFRS 10: consolidated financial statements.
  • The criteria which define what control represents.
  • IAS 28: investments in associated entities and joint ventures.
  • IFRS 11 (replacing IAS 31): joint arrangements.
  • The distinction between entities and joint operations.
  • IFRS 12: information on interests held in other entities.
  • IFRS 3 revised: business combinations.
  • Calculation goodwill and implementation difficulties.
  • Practical work Demonstration, collective reflection with alternation of examples and practical cases.
• New standards and revisions to certain standards
  • IAS 1 revised: the comprehensive income, the statement of financial position and the statement of changes in equity.
  • IFRS 8 (replacing IAS 14, applicable from 1 January 2009): segment information and its objectives.
  • IAS 19: new standard on employee benefits.
  • Its impacts on the valuation of commitments.
  • IFRS 13: fair value measurement.
  • A new definition of fair value and valuation techniques.
  • Case study Illustrations based on consolidated accounts of a listed company.
• Projects to overhaul IFRS standards
  • IFRS 9 (applicable in 2018): financial instruments.
  • IFRS 15 (replacing IAS 11 and 18, applicable in 2018): revenue from contracts with customers.
  • IFRS 16 (replacing IAS 17, applicable in 2019): new standard on rentals.
  • Practical work Case studies and practical work around projects of redesign.