Financial Analysis and Interpretation of Financial Statements According to IFRS
Course Code
Date
Place
Fees
Introduction :
Financial statements have become a vital tool for making precise economic decisions. However, to understand them deeply and effectively, it is essential to analyze and interpret their items according to the International Financial Reporting Standards IFRS . This advanced training course aims to empower participants to analyze financial statement items, reassess them, and interpret them in accordance with the disclosure, recognition, and measurement requirements outlined in IFRS. The course covers how to convert financial data from local or traditional formats into those that align with IFRS, with a focus on understanding the accounting depth and structural analysis of each financial item. This is a crucial course for accountants, auditors, managers, and financial specialists who wish to master the accurate and professional re-translation of financial statements.
Objectives :
- Understanding the basic principles of re-measuring financial items according to IFRS.
- Analyzing the elements of financial statements for proper reclassification and presentation.
- Recognizing the differences between international standards and local accounting standards.
- Applying re-measurement mechanisms for assets and liabilities professionally.
- Building skills in translating financial statements to an internationally recognized model.
- Improving the quality of financial reports prepared to comply with regulatory and international bodies.
- Handling challenges in accounting translation, especially when integrating entities or revaluation.
- Preparing financial reports supported by analysis in compliance with international standards.
Target Audience :
- Chartered accountants and public accountants.
- Internal and external auditors.
- Financial managers and financial reporting officers.
- Officers responsible for transitioning to IFRS standards.
- Financial statement analysts in companies and consulting offices.
- Employees of auditing firms and international accounting offices.
- Workers in regulatory bodies and financial markets.
Content Outlines :
Topic 1: Basic Concepts and General Framework for Financial Statement Analysis
- Definition of structural analysis of financial statements.
- The difference between accounting analysis and financial analysis.
- The conceptual framework of international financial reporting standards IFRS .
- The importance of re-measurement according to IFRS.
- The five main components of financial statements.
- Methodical steps for analyzing and translating financial statements.
Topic 2: Analysis and Re-measurement of Current and Fixed Assets
- Analysis of cash and cash equivalents – reclassification and disclosure.
- Revaluation of inventory according to IAS 2.
- Accounting treatment of prepaid expenses and deferred assets.
- Analysis of property and equipment and re-measurement according to IAS 16.
- Intangible assets and impairment treatment.
- Disclosure of assets held for sale according to IFRS 5.
Topic 3: Analysis of Liabilities and Equity According to International Standards
- Re-measurement of short-term liabilities and accounts payable.
- Lease obligations and reclassification according to IFRS 16.
- Provisions and contingent liabilities – analysis and application of IAS 37.
- Long-term employee benefits according to IAS 19.
- Debt instruments and equity – analysis of IFRS 9.
- Measurement and presentation of capital and reserves in the balance sheet.
Topic 4: Analysis of Revenue and Expense Items According to IFRS
- Analysis and interpretation of revenue recognition according to IFRS 15.
- Revenue recognition for multi-period or long-term contracts.
- Accounting treatment of deferred expenses and financing costs.
- Borrowing costs and their recognition according to IAS 23.
- Costs related to government grants according to IAS 20.
- Analysis of price changes and foreign currencies under IAS 21.
Topic 5: Comprehensive Translation of Consolidated Financial Statements and Final Disclosure
- Consolidating financial statements and re-presenting them according to IFRS 10.
- Business combination treatment and goodwill analysis according to IFRS 3.
- Disclosure of related parties – analysis of IAS 24.
- Use of fair value in final measurement under IFRS 13.
- Joint arrangements and interests in other entities under IFRS 11 and IFRS 12.
- Preparing the final presentation of fully translated financial statements for decision-makers.