Financial Risk Management & IFRS
This workshop combines the international standards for various types of risk management and is developed by experienced experts. The course is intended to enable managers have a sound knowledge and finance/audit professionals to get the skills relevant for risk management.
This five-day course provides an overview of all major technical IFRS requirements, and includes illustrative financial statements, case studies, examples, coverage of the most significant IFRSs.
In addition to a review of current IFRSs, course delegates also receive an update on the major new standards on revenue, leases, and financial instruments and the probable impact of their adoption
· Identify the various kinds of business assets,
· Describe the structure and elements of an internal control system,
· Identify business possible risks and initiate plans to manage them properly
· Develop asset control activities,
· Explain how to implement asset control activities effectively.
· Apply the requirements of the standards to prepare IFRS compliant financial statements.
· Define the process of transitioning to IFRS
· Apply the new proposed standards on revenue, leases and financial instruments
· Various kinds of business assets
· What is internal control
· The elements of an internal control system
· What risk management is and why it is important
· Finance policies and manuals
· Risk based Internal Auditing
· International Practice Frameworks (IPPF, GAAP and IFRS)
· Risk identification and control
· Continuous control and investigation
· Data collection and analysis
· Reporting and decision making
· Business processes that can produce risk
· Delegation of authority and process of project management
· Business decision making and legal aspects
· Fraud risk and prevention
· Conducting internal audit and risk management
· Influence and communication
· Introduction and History of IFRSs
· Fair value measurement
· Presentation of financial statements
· Content of IFRS
· Statement of cash flows
· Accounting policies
· Operating segments
· Earnings per share
· Interim financial reporting
· Discontinued operations
· Earnings per share
· Interim financial reporting
· Discontinued operations
· Assets
· Liabilities
· Financial Instruments
· Income Tax
· Revenue
· Construction contracts
· Revenue from Contracts with Customers
Foreign Currency Issues
This course is designed for managers and staff including Business owners, directors, shareholders, board of directors, supervisors, and others who manage or control business assets.