Day 1: Topics: • Overview of IFRS Principles and Concepts • Reporting framework. • The latest on world adoption of IFRS • Accounting conceptual Framework. • First-time adoption of IFRS • The Accounting Equation • IAS 1 – Presentation of Financial Statements • IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors • Recognition and Measurement of the elements of AFS. Day 2: Topics: • IFRS 15 – Revenue • IAS 17 -Property, Plant and Equipment • Recap of all the IFRS Accounting standards. • Accounting standards updates. • Frequently asked questions. • Financial Instruments IFRS 9 • The “Successful Efforts” (SE) Method or the “Full Cost” (FC) Method Day 3: Topics: • IAS 19- Employee Benefits • IAS 33 – Earnings per Share • IAS 34 – Interim Financial Reporting • IFRS 5 – Discontinued Operations • IFRS 7 – Disclosures • IFRS 13 – Fair Value Measurement • IAS 28 – Investments in Associates • IFRS 3 – Business Combinations • IFRS 8 – Segment Reporting • IFRS 10 – Consolidated Financial Statements • IFRS 11 – Joint Arrangements Day 4: Topics: • Corporate Income tax legislation. • Value Added Tax legislation. • Employees' tax legislation. (Including PAYE, Pension fund etc.) • Deferred tax. (IAS 12) • Recap on Tax Administration Act (including the employer obligations) Day 5: Topics: • Review of the Statutory and Legal Requirements as per the Companies Act. • Compliance Universe. • Internal controls to ensure compliance. • Case studies • End of Course Evaluation and Closure