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4 - AAU - Accounting and Financial Auditing

AAU 301B - International Accounting Standards (IAS) & International Financial Reporting Standards (IFRS)

Code Start Date Duration Venue
AAU 301B 09 October 2023 10 Days Istanbul Registration Form Link
AAU 301B 04 December 2023 10 Days Istanbul Registration Form Link
Please contact us for fees


Course Description

The only way to achieve fair, liquid and efficient capital markets worldwide is by providing investors with information that is comparable, transparent and reliable.  With this aim im mind, the International Accounting Standards were developed by the International Accounting Standards Board (IASB) to create a globally accepted, high quality financial reporting framework. The IFRS, however, provides a worldwide standard for financial issues. They are particularly useful for public organizations and large companies that have subsidiaries in different countries.  This course is designed to help the participants to uphold the quality of financial reporting domestically, while encouraging convergence towards a high quality global financial reporting framework internationally. 

Course Objectives

  • Acquiring theoretical knowledge about principles of preparation of international financial statements
  • Becoming familiar with the International Accounting Standards (IAS)
  • Applying International Financial Reporting Standards (IFRS)
  • Considering specific cases of IAS / IFRS application
  • Understanding the recognition and measurement principles as delineated within the IASB’s Framework
  • Defining and applying the transition process to IFRS

Who Should Attend?

  • Financial Analysts
  • Accountants
  • Portfolio Managers
  • Specialists dealing directly and indirectly with bank financial statements

Course Details/Schedule

Day 1

  • Financial reporting in credit institutions
  • Financial statements purposes
  • History, objectives, structure of IAS
  • Basic principles of financial reporting

Day 2

  • IAS16 “Fixed Assets”
  • IAS 1 “Presentation of financial statements”
  • IAS 38 “Intangible assets”
  • IAS 17 “Lease”

Day 3

  • IAS 12 “Income taxes”
  • IAS 36 “Impairment of assets”
  • IAS 24 “Related party disclosures”

Day 4

  • IAS 7 “Cash Flow Statements”
  • IAS 37 “Provisions, contingent liabilities and contingent assets”
  • IAS 32 and 39 “Financial instruments”

Day 5

  • IFRS 7 “Financial instruments: Disclosures”
  • Accounting policy
  • Statement of financial position
  • Other comprehensive income statement

Day 6

  • Evolution of International Accounting Standards
  • International Financial Reporting Standards (IFRS)
  • Introduction, History and Overview of Existing and Future Standards
  • Roles of the Various Accounting Standards
  • Setting Bodies
  • Objectives and Structure of the International Financial Reporting Standards IFRS

Day 7

  • Scope, Structure and Content of IFRS Financial Statements
  • Accounting Policies and Underlying Assumptions
  • Components of Financial Statements, including  Qualitative Characteristics
  • Measurement and Recognition of the Elements of Financial Statements
  • Transition Concerns and Transition Plan Elements

Day 8

  • Preparation and Presentation of IFRS Financial Statements
  • Structure and Content of Both General and Specific
  • Elements of Financial Statements
  • IAS 1
  • Balance Sheet
  • Income Statement
  • Presenting Either a Statement of Changes In Equity or a Statement of Recognized Income or Expense (“SORIE”)
  • Statement of Cash Flow
  • Consolidation Criteria and Requirements
  • Notes to Financial Statements and Related Disclosures
  • Revenue Recognition and Reporting Requirements

Day 9

  • Examining Substantive Differences in Disparate Accounting Treatments
  • Performing Thorough Assessments
  • Supporting Established Processes and Infrastructure Considerations
  • Adopting Implementation Plans
  • Conversion Issues and Concerns
  • Designing Supporting Processes and
  • Infrastructure Features
  • Developing Revised Organization Plans and Change Strategies
  • Conversion Maintenance
  • Implementing Support Processes and Infrastructure Features
  • Change Management Execution Strategies
  • Conversion Transfers

Day 10

  • Impact of IFRS on Financial Statement Interpretations
  • International Accounting and Diversity Considerations
  • Financial Analysis Tools and Techniques
  • Common Size Statements
  • Trend Analysis
  • Ratio Analysis
  • Dupont Analysis
  • Z Scores
  • Investment Ratios
  • Cash Flow Ratios