IFRS Compliant Financial Reporting

Course Objectives
The objective of the course is to provide participants with a working knowledge of IFRS as it applies to investment funds. It will focus on the components of the primary statements and on key disclosures in the financial statements.

Who Should Attend?

The course is suitable for people who prepare financial statements under IFRS and those who need to use financial statements prepared under IFRS. As part of the course, participants will be given exercises to work through and will be provided with a copy of illustrative IFRS financial statements prepared by PwC.

COURSE CONTENT

• INTRODUCTION TO IFRS AND ITS FRAMEWORK
• BALANCE SHEET/STATEMENT OF FINANCIAL POSITION
• STATEMENT OF COMPREHENSIVE INCOME
• STATEMENT OF CHANGES IN NET ASSETS
• STATEMENT OF CASHFLOWS
• DISCLOSURE OF KEY ACCOUNTING POLICIES
• IFRS 7
  o FINANCIAL RISKS DISCLOSURES
  o FAIR VALUE ESTIMATION AND FAIR VALUE HIERARCHY
• SUMMARY OF FINANCIAL ASSETS AND LIABILITIES THROUGH PROFIT OR LOSS
• DERIVATIVE FINANCIAL INSTRUMENTS

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