OBJECTIVES

This two-day seminar has been designed to provide participants with comprehensive knowledge of application of international financial reporting standards within information technology industry. It considers the various technical recognition and measurement principles under the different classes of assets, liabilities and equity items and answers the critical questions around qualifying burrowing costs, intangible assets, capacity transactions,  property, plant and equipment under IFRS. It provides participants with detailed implications of IFRS for the IT function and the business. It considers the fundamental disclosures and considerations that underpin financial statement presentation and provides participants with detailed insight into first time adoption issues and future developments and latest pronouncements.

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TARGET AUDIENCE

This course is for Accountants, internal auditors, regulators, and Financial Analysts, but is also appropriate for a broader audience who wish to gain insight into capital adequacy and its importance for banks. The course assumes a basic understanding of IFRS. Participants are encouraged to attend Course EC1: IFRS for Beginners ahead of this course.

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Program Level - Intermediate

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Delivery Method - Live Group

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COURSE BENEFITS

• Understand the IFRS reporting requirements for information technology business

• Gain an understanding of the impacts of the IFRS transition on information technology in areas such as:

  •  New or changed data requirements, 

  • Changes to the applications to support IFRS data collection and financial reporting, 

  • Impact on ongoing pre-existing IT projects, 

  • The impact on the ongoing processes, policies and key controls and related effectiveness and certifications

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