IFRS Financial Reporting Training Course

Duration 5 days 10 modules · 33 contact hours
Level Intermediate Certificate on completion
Who attends Financial Reporting Managers, Financial Controllers and others
Fee from USD 1,100 KSh 95,000 for Kenyan organisations
Where 52 cities + online See dates by city
Next start 16 Nov 2026 Course code SD-A-105

Before you join: Participants should have practical experience preparing, reviewing or supporting financial statements, management accounts or audit schedules.

Dates & prices

Two start dates a month in every city, and live online on weekdays or weekends. Fees are per participant; classroom fees include tuition, materials, lunch and refreshments, and the certificate.

Suggest a date or city

Showing the next six months. Later dates, other cities and private deliveries for your team are available on request.

Course overview

Producing IFRS financial statements requires more than posting compliant journals. Finance teams must determine whether a contract contains multiple performance obligations, model expected credit losses, test assets for impairment, calculate deferred tax and defend significant judgements. Errors in classification, measurement or disclosure can distort reported performance, delay close and trigger audit challenge. The 2026 reporting agenda also requires attention: amendments to IFRS 9 and IFRS 7, plus preparation for IFRS 18, affect policies, disclosures and reporting processes.

This course develops the technical judgement needed to prepare, review and explain IFRS-based financial reporting. Participants work through the Conceptual Framework and major standards governing presentation, revenue, financial instruments, leases, asset accounting, tax, provisions, business combinations, consolidation and disclosures. They learn to identify the facts that drive accounting conclusions, select appropriate measurement bases, prepare key calculations and document accounting positions. The course also addresses recent and forthcoming requirements, including IFRS 18 presentation changes, IFRS 19 reduced disclosures and 2026 effective-date considerations.

Teaching combines focused technical briefings with financial statement cases, calculation-based group work, reporting simulations and facilitated review of common audit findings. Participants apply standards to realistic transactions such as customer contracts, loan portfolios, lease modifications, acquisitions and foreign operations. Each participant leaves with a structured IFRS reporting toolkit containing checklists, calculation models, accounting position paper formats and a reporting improvement plan for use during financial close and audit preparation.

The course is suited to finance professionals who already work with financial statements and need stronger command of IFRS requirements, significant judgements and disclosure obligations.

What you will be able to do

  • Apply the Conceptual Framework and IAS 8 hierarchy to accounting policy judgements
  • Prepare IFRS 15 revenue calculations for contracts containing multiple performance obligations
  • Classify financial assets and calculate expected credit losses under IFRS 9
  • Measure leases, provisions, impairment losses and deferred tax using relevant IFRS requirements
  • Prepare consolidation adjustments for business combinations, intragroup transactions and non-controlling interests
  • Assess disclosure requirements using IFRS 7, IFRS 12, IFRS 13 and IAS 24
  • Document accounting conclusions through audit-ready IFRS accounting position papers
  • Develop an IFRS 18 and 2026 standards-update implementation plan

Benefits of attending

For you

  • Greater confidence resolving IFRS classification, measurement and disclosure questions
  • Stronger ability to prepare audit-ready accounting position papers
  • Practical models for expected credit loss, deferred tax and impairment analysis
  • Clearer judgement when reviewing complex contracts and transaction structures
  • A focused plan for implementing IFRS 18 and 2026 reporting changes

For your organisation

  • Fewer late-stage adjustments during financial close and external audit
  • More consistent accounting policies across subsidiaries and reporting teams
  • Better documented judgements for material transactions and estimates
  • Earlier identification of IFRS 18 and IFRS 9 reporting process changes
  • Improved quality of statutory financial statements and note disclosures

Course modules

10 modules over 5 days

Participants can apply the IFRS hierarchy to policy judgements and identify reporting changes requiring action.

  • IFRS Foundation, IASB and IFRIC roles in standard-setting and interpretation
  • Conceptual Framework: assets, liabilities, income, expenses and recognition criteria
  • Materiality judgements documented under IAS 1 and IAS 8
  • Accounting policy hierarchy applied when no IFRS specifically addresses a transaction
  • Judgement versus estimate changes distinguished under IAS 8 requirements
  • 2026 effective-date tracker covering new standards, amendments and transition provisions

Participants can prepare presentation decisions and plan the transition from IAS 1 to IFRS 18.

  • IAS 1 presentation requirements and transition path to IFRS 18
  • IFRS 18 operating, investing, financing, income taxes and discontinued operations categories
  • Management-defined performance measures reconciled, labelled and explained under IFRS 18
  • Aggregation and disaggregation decisions supported by materiality and useful information
  • IAS 7 cash flow classification for interest, dividends and taxes
  • IAS 8 prior-period errors and retrospective restatement mechanics

Participants can apply the IFRS 15 five-step model to customer contracts and revenue disclosures.

  • IFRS 15 five-step model applied to contracts with customers
  • Contract identification, enforceable rights and collectability assessed at inception
  • Performance obligations separated using distinct goods and services criteria
  • Variable consideration constrained using expected-value and most-likely-amount methods
  • Transaction price allocated using relative standalone selling prices
  • Principal-versus-agent assessment based on control before goods transfer
  • Contract assets, receivables and contract liabilities presented and disclosed

Participants can classify financial instruments, estimate expected credit losses and prepare related disclosures.

  • IFRS 9 business-model assessment and SPPI test for debt instruments
  • Amortised cost, FVOCI and FVTPL classifications determined from contractual cash flows
  • Expected credit loss staging, PD, LGD and EAD inputs
  • Modification, derecognition and write-off accounting for financial assets
  • IFRS 7 credit-risk, liquidity-risk and market-risk disclosure requirements
  • Hedge accounting documentation, effectiveness assessment and reserve mechanics
  • 2026 IFRS 9 classification amendments and disclosure changes assessed

Participants can account for long-lived assets, capitalised costs, impairment and investment property.

  • IAS 16 cost model, revaluation model and component depreciation
  • IAS 38 recognition thresholds for development costs and intangible assets
  • IAS 23 qualifying assets and capitalisation of borrowing costs
  • IAS 36 cash-generating units, impairment indicators and value-in-use calculations
  • IFRS 5 held-for-sale criteria, measurement and discontinued operations presentation
  • IAS 40 fair value and cost models for investment property
  • Provisions for asset retirement obligations incorporated into asset cost

Participants can measure lease obligations, provisions and current and deferred tax balances.

  • IFRS 16 lease term, discount rate and initial measurement
  • Lessee subsequent measurement, remeasurement triggers and modification accounting
  • Lessor finance and operating lease classification under IFRS 16
  • IAS 37 provisions, contingent liabilities and onerous contract assessments
  • IAS 12 current tax, deferred tax and temporary differences
  • Deferred tax recognised for business combinations, leases and uncertain positions
  • IFRIC 23 uncertain tax treatments and probability-based measurement

Participants can prepare acquisition accounting and core consolidation adjustments under IFRS.

  • IFRS 10 control assessment using power, returns and linkage
  • Acquisition method: consideration, identifiable net assets and goodwill calculation
  • IFRS 3 measurement-period adjustments and contingent consideration accounting
  • Consolidation worksheet eliminations for intragroup balances, sales and unrealised profits
  • Non-controlling interests measured at fair value or proportionate net assets
  • IAS 28 equity method, upstream transactions and impairment indicators
  • IFRS 12 disclosures for interests in subsidiaries and structured entities

Participants can prepare fair value, risk, related-party and per-share reporting disclosures.

  • IFRS 13 valuation hierarchy, principal market and highest-and-best-use assumptions
  • Level 1, 2 and 3 fair value measurements distinguished
  • IFRS 7 sensitivity analyses and concentration-of-risk disclosures prepared
  • Related-party disclosures identified under IAS 24 definitions and exemptions
  • IAS 10 adjusting and non-adjusting events evaluated after reporting date
  • IAS 33 basic and diluted earnings per share calculations
  • Segment disclosures under IFRS 8 aligned with internal management reporting

Participants can account for foreign currency items, employee benefits and selected specialised transactions.

  • IAS 21 functional currency determination and foreign currency transaction accounting
  • Foreign operations translated using closing-rate and average-rate procedures
  • IFRS 2 equity-settled and cash-settled share-based payment measurement
  • IAS 19 defined contribution and defined benefit obligation accounting
  • Actuarial gains and losses recognised in other comprehensive income
  • IFRS 1 optional exemptions and mandatory exceptions for first-time adopters
  • IFRS 19 reduced-disclosure eligibility and 2027 adoption planning

Participants can document IFRS conclusions and create a prioritised reporting improvement plan.

  • Close-process risk assessment mapped to IFRS assertions and evidence
  • Disclosure checklist reviewed against material transactions and reporting judgements
  • Accounting position papers structured with facts, requirements, analysis and conclusion
  • Audit-ready support assembled for estimates, controls and significant judgements
  • 2026 standards update impact assessment prioritised by financial statement exposure
  • Implementation roadmap assigns owners, milestones, data changes and governance
  • Personal application plan targets three reporting improvements after the course

Exercises and examples are adapted to each cohort's sectors and roles.

What you take back to work

  1. IFRS accounting policy decision tree
  2. IFRS 18 transition impact assessment
  3. IFRS 15 revenue recognition worksheet
  4. IFRS 9 expected credit loss model
  5. Consolidation adjustment and disclosure checklist
  6. Audit-ready accounting position paper template

Who should attend

  • Financial Reporting Managers — responsible for IFRS statements, disclosures and close quality
  • Financial Controllers — need to resolve technical accounting issues before reporting deadlines
  • Group Accountants — prepare consolidations, eliminations and subsidiary reporting packages
  • Senior Accountants — apply IFRS requirements to complex transactions and year-end adjustments
  • Internal Auditors — assess accounting judgements, controls and financial reporting evidence
  • Finance Business Partners — need to explain reporting effects of contracts, investments and transactions

Skills and tools covered

IFRS policy judgementRevenue recognitionFinancial instruments accountingConsolidation reportingDisclosure preparationTechnical accounting documentation

Tools and standards

IFRS 9 Financial Instruments, IFRS 15 Revenue from Contracts with Customers, IFRS 16 Leases, IFRS 18 Presentation and Disclosure in Financial Statements

How the course runs

Training methodology

The course uses short instructor briefings to establish each standard's requirements, followed by worked financial reporting cases and calculation-based group exercises. Participants analyse customer contracts, lending arrangements, lease changes, impairment indicators, acquisitions and consolidation entries. Reporting simulations focus on selecting accounting policies, preparing disclosure support and defending significant judgements. Facilitated peer review exposes common errors in financial statements and audit files. The final sessions convert technical findings into prioritised actions for participants' own close, reporting and governance processes.

Requirements and prerequisites

Participants should have practical experience preparing, reviewing or supporting financial statements, management accounts or audit schedules. They should be familiar with double-entry accounting, accruals, depreciation, financial statement formats and basic corporate finance terminology. Prior exposure to IFRS, IAS or local GAAP is useful but not essential; core principles are established before complex applications. This is not a bookkeeping course and does not assume prior specialist knowledge of consolidation, derivatives, valuation modelling or tax legislation. Participants do not need an accounting qualification, audit licence or legal background.

A typical training day

08:30 – 10:30First session
10:30 – 10:45Refreshment break
10:45 – 12:30Second session
12:30 – 13:30Lunch and networking
13:30 – 15:00Third session
15:00 – 15:15Refreshment break
15:15 – 16:30Workshop and daily review

Live online deliveries follow the same structure in East Africa Time, with shorter screen blocks and longer breaks.

What the fee includes

  • Instruction by a practitioner facilitator
  • Full course workbook and materials
  • Exercise files, templates and case studies
  • Refreshments and lunch on classroom deliveries
  • Certificate of completion
  • Post-course application plan

Frequently asked questions

Participants should understand basic financial statements, double-entry accounting and common period-end adjustments. Prior IFRS exposure is useful but not mandatory, as the course establishes core concepts before moving to complex applications.

Bring a laptop or tablet if possible, together with a calculator for selected accounting calculations. Participants may also bring non-confidential examples of reporting issues, policies or disclosure questions from their workplace.

It is designed for accountants, controllers, financial reporting managers, group accountants and audit professionals working with IFRS financial statements. It also suits finance staff moving from local GAAP into IFRS reporting responsibilities.

This course assumes familiarity with core accounting mechanics and concentrates on IFRS technical judgement, calculations, disclosures and reporting decisions. It addresses standards such as IFRS 9, IFRS 15, IFRS 16, IFRS 18 and IFRS 3 rather than introductory bookkeeping.

Participants can use the models and checklists during monthly close, year-end reporting, audit preparation and transaction review. The accounting position paper format supports clear documentation of material judgements and conclusions.

Each day runs from 08:30 to 16:30 and provides about 6.5 contact hours. The programme covers ten modules in teaching order, with time for technical briefings, cases, calculations, discussion and reporting application planning.

Questions about this course?

Ask about dates, fees, group bookings or running it for your team. Our training team replies by email.

Ask on WhatsApp info@skillsetdevelopment.com

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