IFRS Diploma Course

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.