International Financial Reporting Standards (IFRS) Course in Tbilisi, Georgia

• Accounting professionals & Auditors
• Financial officers, executives & Analysts
• Bankers & Investment bankers
• Professionals involved in reporting using IFRS.

Program Objectives

Upon completion of this intensive course, the attendees will be able to:

• Overview of IFRS principles and concepts
• First time adoption of IFRS
• IAS 1 – Presentation of Financial Statements
• IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors
• IAS 18 – Revenue
• IFRS 6 – Exploration for and evaluation of Mineral Resource
• The “Successful Efforts” (SE) Method or the “Full Cost” (FC) Method

Technical Standards

• IAS 12 – Income Taxes
• IAS 19- Employee Benefits
• IAS 33 – Earnings per Share
• IAS 34 – Interim Financial Reporting
• IFRS 5 – Discontinued Operations
• IFRIC 12 – Service Concession Arrangements
• IFRIC 20 – Stripping Costs in the Production Phase of a Surface Mine

Financial Tools

• IAS 39 – Recognition and Measurement
• IFRS 2- Share-based Payments
• IFRS 7 – Disclosures
• IFRS 13 – Fair Value Measurement
• IFRIC 16 – Hedges of Net Investment in Foreign Operations
• IFRIC 19 – Extinguishing Financial Liabilities with Equity Instruments

Group Reporting

• IAS 28 – Investments in Associates
• IFRS 3 – Business Combinations
• IFRS 8 – Segment Reporting
• IFRS 10 – Consolidated Financial Statements
• IFRS 11 – Joint Arrangements
• IFRS 12 – Disclosure of Interest in Other Entities

Recent Standards and Practical Implications

• IFRS 9 – Financial Instruments
• IFRS 14 – Regulatory Deferral Accounts
• IFRS 15 – Revenue from Contracts with Customers
• IFRS 16 – Leases
• Future developments
• IFRS and Statutory Audit Procedures
• Case Studies and Practical Implementation.