| Date | Venue | Duration | |
|---|---|---|---|
| Available on Request | Sandton | Available on Request |
Prospen’s existing IFRS courses — IFRS 9, IFRS 15, IFRS 16, IFRS 17, and the Accounting Principles Masterclass — all assume a working accounting background. This IFRS Fundamentals for Finance Professionals Training course fills the missing entry point: a foundational grounding in IFRS for junior finance staff, career-changers, and non-specialists who need to understand the framework before progressing to the standard-specific courses.
Delivered through plain-language explanation and worked examples rather than assuming prior technical fluency, you’ll work through the IFRS Conceptual Framework, financial statement presentation, and recognition and measurement fundamentals, before mapping which standards apply where. You’ll leave with the foundation and a personal learning roadmap to progress directly into Prospen’s IFRS 9, 15, 16, or 17 courses.
This IFRS Fundamentals for Finance Professionals Training course equips you with the foundational IFRS knowledge needed to read, interpret, and apply financial reporting standards with confidence.
By the end of this IFRS Fundamentals for Finance Professionals Training course, you’ll be able to:
Explain the purpose, structure, and governance of the IFRS framework
Describe the role of the IASB and how global accounting standards are set and maintained
Navigate the core financial statements and their IFRS presentation requirements
Apply foundational recognition and measurement principles across common transaction types
Identify which specific IFRS standards apply to a given transaction or industry context
Distinguish between IFRS and local GAAP-based reporting approaches
Read and interpret IFRS-based financial statements with confidence
Build the foundation needed to progress into standard-specific IFRS training
The Missing Entry Point: Get the foundational grounding Prospen’s standard-specific IFRS courses assume you already have.
Plain-Language, Not Jargon: Learn through worked examples and plain-language explanation, not technical assumptions.
Confident GAAP-to-IFRS Transition: Move from local GAAP-based reporting to IFRS without guessing at the differences.
Know Where to Look: Learn which standards apply to which transactions, so you’re never starting from zero.
A Clear Path Forward: Leave ready to progress directly into Prospen’s IFRS 9, 15, 16, or 17 courses.
This IFRS Fundamentals for Finance Professionals course is designed for:
Junior Accountants and Finance Officers New to IFRS
Finance Staff Transitioning from Local GAAP-Based Reporting to IFRS
Non-Accounting Professionals Who Need to Interpret IFRS-Based Financial Statements
Anyone Preparing for Prospen’s More Advanced IFRS 9, 15, 16, or 17 Courses
Our diverse instructional approaches ensure effective learning:
– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.
Module 1: Introduction to IFRS and the Conceptual Framework
Why global accounting standards exist and what problems they solve
The IFRS Conceptual Framework and its core principles
Qualitative characteristics of useful financial information
How the Conceptual Framework underpins every individual standard
Practical Exercise: Map how the Conceptual Framework’s qualitative characteristics apply to a sample financial statement.
Module 2: The Role of the IASB and Global Standard-Setting
The structure and role of the International Accounting Standards Board
How new standards and amendments are developed and adopted
IFRS adoption around the world and its practical implications
Where to find and how to navigate official IFRS guidance
Practical Exercise: Locate and summarise the current status of a recent IFRS amendment.
Module 3: Presentation of Financial Statements — IAS 1 Fundamentals
The core components of a complete set of financial statements
IAS 1 presentation and structure requirements
Distinguishing current from non-current items
Common presentation errors and how to avoid them
Practical Exercise: Prepare a basic set of financial statements following IAS 1 presentation requirements.
Module 4: Recognition and Measurement Fundamentals
Recognition criteria for assets, liabilities, income, and expenses
Measurement bases: historical cost, fair value, and others
Applying recognition and measurement principles to common transactions
Common recognition and measurement mistakes made by new practitioners
Practical Exercise: Apply recognition and measurement principles to a set of sample transactions.
Module 5: Common Standards in Practice — An Overview Tour
An overview of the standards most finance staff encounter day to day
Recognising the practical impact of key standards on everyday reporting
How individual standards interact with the Conceptual Framework
Building a personal reference map of standards relevant to your role
Practical Exercise: Build a personal quick-reference guide to the standards most relevant to your day-to-day work.
Module 6: Industry-Specific Standards and Where They Apply
Recognising when a transaction falls under a specific standard such as IFRS 9, 15, 16, or 17
Industry contexts where specialist standards apply most heavily
Why foundational principles still apply even under specialist standards
Preparing to study a specific standard once foundations are in place
Practical Exercise: Identify which specific IFRS standard would apply to a set of sample industry transactions.
Module 7: Navigating the IFRS Landscape and Preparing for Deeper Study
Mapping which standards apply where across a typical organisation
Building confidence to read and interpret unfamiliar standards
Identifying the right next course for your role and career path
Setting a personal study plan for progressing into standard-specific training
Practical Exercise: Build a personal IFRS learning roadmap, including your next recommended course.
Discover how our courses enhance professionals’ effectiveness in their workplaces.
No reviews found. Add reviews from the dashboard or switch source to Manual.
Find answers about course content, certification, registration, and AI skills for executive assistants.
Discover more insights on AI, leadership, digital transformation, and professional development.
Fill in your details and we will send the brochure to your email.
Please check your email for confirmation.
Please check your email for confirmation.
Please check your email for confirmation.
We'll be in touch with you shortly.
