This financial reporting course offers a broad introduction to the field of (IFRS) related to FMCG sector. It matched with the most recent changes and updates and future developments in IFRS and breaks down specific standards topic-by-topic and provides case studies, which are based on real-life examples for FMCG companies.

Course Benefits:

For Individuals:

  • To help you understand how International Financial Reporting Standards (IFRS) are used in the FMCG
  • To explain how the International Financial Reporting Standards Foundation (IFRSF) / International Accounting Standards Board (IASB) work and how these are being changed
  • To examine the fundamental requirements of IFRS in FMCG sector on a standard-by-standard basis
  • To provide guidance on how to use IFRS in practice for FMCG

For Business:

  • A common accounting and financial reporting language, applied
  • consistently and rigorously worldwide, will:
    • Increase comparability for investment analysis
    • Enhance the efficiency of capital allocation on a global basis and decrease the overall cost of capital
    • Reduce accounting complexity and the risk of errors
  • These are clear gains for forward-thinking companies that strive to manage their businesses with a combination of diligence and entrepreneurial drive in an open global marketplace.
·      IAS 1: Presentation of Financial Statements

·      IAS 2: Inventories

·      IAS 8: Accounting Policies, Changes in Accounting Estimates and Errors

·      IAS 10: Events After the Reporting Period

·      IAS 12: Income Taxes

·      IAS 16: Property, Plant and Equipment

·      IAS 21: The Effects of Changes in Foreign Exchange Rates

·      IAA 23: Borrowing Costs

·      IAS 27: Consolidated and Separate Financial Statements

·      IAS 28: Investments in Associates

·      IAS 31: Interests In Joint Ventures

·      IAS 32: Financial Instruments: Presentation

·      IAS 33: Earnings Per Share

·      IAS 36: Impairment of Assets

·      IAS 37: Provisions, Contingent Liabilities and Contingent Assets

·      IAS 38: Intangible Assets

·      IFRS 3: Business Combinations

·      IFRS 7: Financial Instruments: Disclosures

·      IFRS 9: Financial Instruments

·      IFRS 10: Consolidated Financial Statements

·      IFRS 11: Joint Arrangements

·      IFRS 12: Disclosure of Interests in Other Entities

·      IFRS 13: Fair Value Measurement

.       IFRS 16:  Leases

IFRS 15: Revenue from Contracts with Customers

The course duration is 48 hours of live classroom training

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