Basics of IFRS and Basel 2

COURSE DESCRIPTION

The focus of the training is to help participants acquire skills and enrich their knowledge on two core areas of skills. These core areas are divided in to two phases:

Phase 1:
  • International Financial Reporting Standards
  • Introduction to IFRS
  • IFRS basic principles
  • Financial statement presentation
  • Revenue recognition and non-financial assets
Phase 2:
  • Basics of IFRS and the benefits of its implementation.
  • Why IFRS and challenges faced in transition.
  • Key problems that cause resistance to IFRS.
  • Impact of IFRS implementation.
  • Implementation of IFRS in Public/Government Sector.
  • Effective utilisation of IFRS.
  • Overview of IASB.
  • IASB Structure.
  • International Public sector accounting Standards basics.
  • IPSAS major components and formats, benefits in Public sector.
  • The training will include group works and demonstrations so that participants will develop their skills in ways that they can deploy these skills on their immediate work environment. The training will be of an international level standard. This program is structured to improve the competency level of both middle level and senior leadership and technical experts at federal, and subnational level offices.

TARGET GROUP

This course primarily targets directors, senior management at different level of government, Heads of units managing staffs, and project coordinators, middle level and senior staffs working on education management information systems, education policy analysis and program management, Monitoring and Evaluation experts, and Education Management Information Systems experts.

Requisites: minimum qualification of Bachelor’s degree is a social science or science field is required.

COURSE OBJECTIVES and OVERVIEW

Phase 1: Theme 1: Introduction to Basic Financial Terminologies
  • Basics of Finances and Balance Sheet Preparation.
  • Real life case studies to emulate the Financial Report Generation
  • Analysing the current financial model used currently in Ethiopian Government.
  • Analysing the global methods of financial report preparations by understanding the structure, different technical keywords and their usages.
  • Implementation of Financial Report with case studies using IFRS modules and comparing the differences.
Theme 2: Challenges faced with IFRS
  • Understanding the current financial economy and current challenges with the existing system
  • Techniques in preparation of decision alternatives and reasoning to present decision alternatives for decision makers.
  • Roles and responsibilities of chief decision makers to ensure smooth and effective transition from existing accounting principles to IFRS principles.
  • Briefing and some experience sharing on integrated and well equipped financial data collection, analysis and management techniques and technologies.
Phase 3: IPSAS & Accounting Principles
  • Inventories
  • Non-current assets: recognition and measurement
  • Impairment of assets
  • Non-financial liabilities and financial instruments
  • Application of IFRS for group transactions
  • Income taxes, first-time adoption of IFRS

    • PROGRAMME OF STUDY

    There will be 6 interactive academic study hours per day for 6 (Six) days for each phase as per the teams availability. The number of study hours amounts to 36 interactive hours for the advanced analytics and Policy and program analysis.

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2016 GLOBAL LEARNING & RESEARCH CENTER