IFRS DIploma

Course Title:
IFRS Diploma Course

Offered By:
Nokhba International American University

Course Duration:
8 Weeks

• One Lecture per Week

• Each lecture: 2-3 hours

Course Structure:

Week 1: Introduction to IFRS

• Overview of IFRS and its importance in global financial reporting.

• Key differences between IFRS and GAAP.

• History of IFRS adoption worldwide.

• IFRS Regulatory Framework and Bodies involved.

Week 2: Conceptual Framework of IFRS

• Understanding the principles behind IFRS.

• Key Concepts: Assets, Liabilities, Equity, Revenue, Expenses, etc.

• Framework for financial reporting and decision-making.

• Qualitative characteristics of financial information.

Week 3: IFRS 1 – First-time Adoption of IFRS

• Key challenges and considerations for organizations adopting IFRS for the first time.

• Conversion from local GAAP to IFRS.

• Disclosure requirements for first-time IFRS adopters.

Week 4: IFRS 2 – Share-based Payment

• Accounting for share-based payments.

• Equity-settled vs. Cash-settled payments.

• Measurement and recognition principles.

Week 5: IFRS 9 – Financial Instruments

• Classification and measurement of financial assets and liabilities.

• Hedge accounting and derivatives.

• Impairment of financial assets.

Week 6: IFRS 15 – Revenue from Contracts with Customers

• Core principles of IFRS 15.

• Recognizing revenue over time or at a point in time.

• The five-step model for revenue recognition.

• Disclosure requirements.

Week 7: IFRS 16 – Leases

• Lessee and lessor accounting under IFRS 16.

• Recognition of leases on the balance sheet.

• Treatment of lease incentives and variable lease payments.

• Transition guidance for IFRS 16.

Week 8: IFRS 17 – Insurance Contracts & Final Exam

• Overview of IFRS 17 for insurance contracts.

• Measurement models for insurance contracts.

• Final review of all topics.

• Assessment & Discussion of Case Studies.

• Final Exam or Assignment Submission.