International Financial Reporting Standards (IFRS)

Finance & Accounting · 5 Days · Public · Al-Khobraa certified · From USD 4,500

Overview

Our 'International Financial Reporting Standards (IFRS) and 2019 Updates' course will help build the knowledge you need in IFRS for success in today's global business world. Like you, we believe those who understand and apply IFRS will enjoy expanded career opportunities as its use is spreading around the world.

Learning Objectives

• Describe the setting process in IFRS and list the currently available standards
• Explain the most recent updates on existing IFRS and evaluate the effect of newly issued standards on their organization
• Determine the correct presentation and minimum disclosure for components of statements of financial position, statements of comprehensive income, statements of owners' equity and statements of cash flows in accordance with IFRS
• Appraise and properly account for transactions affecting current assets and liabilities, noncurrent assets and liabilities, revenues and expenses in accordance with IFRS
• Apply professional judgment in applying IFRS for matters relating to non recurrent business transactions

Who Should Attend

This course is designed for professionals, and other professionals seeking to strengthen their capability in this area.

• Professionals
• Professionals in Financial Accounting
• Finance, accounting and audit professionals

Course Outline

Day 1 — Introduction to IFRS and presentation of financial statements

• Defining the term 'IFRS'
• IFRS standard setting process
• Financial position presentation format as per IAS1, presentation of financial statements
• Components and classification of current and non-current assets and liabilities

Day 2 — IFRS rules for non-current assets and liabilities

• Property, plant and equipment (IAS 16):
• Initial recognition and subsequent measurement
• Cost model versus revaluation model
• Assets held-for-sale (IFRS 5)

Day 3 — Revenue from contracts with customers (IFRS 15)

• Scope of IFRS 15
• Describing the five-step model framework under IFRS 15
• Step 1: Identifying the contract with the customer
• Step 2: Identifying the performance obligations in the contract

Day 4 — IFRS 16, Leases

• Reasons for the transition from IAS 17 to IFRS 16
• Recognition exemptions: expensing lease payments
• How will the lease of small value items be affected
• Identifying a lease transaction

Day 5 — Wrap-up on newest standards and list of current and prior years' updates on IFRSs

• Newest standards published by IASB
• Standards amended in 2016 with effect in 2019
• Standards amended in 2017 with effect in 2019
• Standards amended in 2018 with effect in 2019

Accreditation

Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.

Dates & Venues

Dates	Venue	Delivery	Duration	Fee (USD)
November 15–19, 2026	Al-Khobar, KSA	Public	5 days	4,500
December 21–25, 2026	Accra, Ghana	Public	5 days	4,500
December 21–25, 2026	Tanzania, East Africa	Public	5 days	4,500
February 14–18, 2027	Dubai, UAE	Public	5 days	3,900
May 2–6, 2027	London, UK	Public	5 days	3,900
September 19–23, 2027	Dubai, UAE	Public	5 days	3,900
November 28 – December 2, 2027	Dubai, UAE	Public	5 days	3,900

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Frequently Asked Questions

What do Al-Khobraa finance and accounting courses cover?

The portfolio covers IFRS (International Financial Reporting Standards) and IPSAS, financial analysis and reporting, budgeting and forecasting, cost and management accounting, accounts payable and receivable, internal controls and audit, and finance for non-finance managers.

Who should attend a finance and accounting course?

These courses suit accountants and financial analysts, finance managers and controllers, budgeting and planning staff, internal auditors, accounts payable and receivable teams, and non-financial managers who own a budget or read financial statements.

How long are finance and accounting courses, and where are they held?

Most Al-Khobraa finance and accounting courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.

What certificate will I receive?

Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programs; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.

Can finance and accounting training be delivered in-house for our team?

Yes. Any Al-Khobraa finance and accounting course can be delivered in-house at your own premises anywhere in Saudi Arabia or the GCC, with the content, dates and language of delivery tailored to your team. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support. Contact us for a quotation.

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