Mountains

APPLICATION OF INTERNATIONAL FINANCIAL REPORTING STANDARD IN BANKING INDUSTRY

What Will I Learn?

This training will be a combination of different methods including interactive lecturing, group discussions, review technique, brainstorming, case studies, practical exercises, and group work. These will make the training course distinctive.

Indicative Content

    • 1. Introduction to International Financial Reporting Standards:

      • 1.1 IFRSs and the IASB structure

      • 1.2 The Conceptual Framework of accounting

      • 1.3 IFRS Conceptual Framework

      • 1.4 Overview of primary IFRS financial statements

      • 1.5 Concept of ‘other comprehensive income’

      • 1.6 Time value of money

      • 1.7 IFRS 13 Fair Value Measurement

    • 2. Overview of primary IFRS financial statement

      • 2.1 IAS 1 Presentation of Financial Statements

      • 2.2 IAS 7 Statement of Cash Flows

      • 2.3 IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors

      • 2.4 IAS 10 Events after the Reporting Period

      • 2.5 IAS 33 Earnings per Share

      • 2.6 IAS 34 Interim Financial Reporting

      • 2.7 IFRS 8 Operating Segments

    • 3. Financial assets and liabilities

      • 3.1 Classification and measurement of financial assets: derecognition of financial assets,

      • 3.2 classification and measurement of financial liabilities: derecognition of financial liabilities;

      • 3.3 financial derivatives: financial hedges, accounting hedges and implicit derivatives;

      • 3.4 information to be disclosed in the notes to the financial statements;

      • 3.5 case studies

    • 4. Non-Financial Assets:

      • 4.1 IAS 16 Property, Plant and Equipment

      • 4.2 IAS 23 Borrowing Costs

      • 4.3 IAS 38 Intangible Assets

      • 4.4 IAS 40 Investment Property

      • 4.5 IAS 36 Impairment of Assets

    • 5. Financial Statements:

      • 5.1 IAS 1 Presentation of Financial Statements

      • 5.2 IAS 7 Statement of Cash Flows

      • 5.3 IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors

    • 6. Financial Instruments:

      • 6.1 Financial Instruments: Presentation (IAS 32)

      • 6.2 Financial Instruments Disclosures (IFRS 7)

Rwf 70,800
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Objectives

  • Explain the principles of preparation of international financial statements

  • Apply the transition process to IFRS and identifying the first-time exemption as well as exceptions relating to the financial statements of a transitioning organization

  • Examine accounting standards that either require or permit the use of fair value measurement

  • Apply the principles in IFRS 16’s lease accounting model and analyse its impact on the financial statements

  • Prepare and analyse IFRS financial statements, including statement of financial position, statement of profit or loss and other comprehensive income, statement of cash flows, statement of changes in equity and the notes to the financial statements

  • Calculate the effective interest rates for various financial instruments common to the banking industry

  • Apply the effective interest method for recognition of interest income and expense

Rwf 70,800
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Course Features

  • Lectures 0
  • Duration 15 Days
  • Certificate Yes
  • Enroll Now

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