Why IFRS is here to stay?
IFRS is increasingly being adopted by the business world as its standards for financial reporting and it’s set for even greater world domination.
What you get from the IFRS?
Your IFRS study will increase your knowledge and understanding of IFRS, while teaching you how to apply these standards. With your diploma in hand you’ll be familiar with the structure of the framework of international accounting, know how to apply the standards to key elements of financial reports, identify and apply disclosure requirements for companies in financial reports and notes, and prepare group financial statements including subsidiaries, associates and joint ventures.
It can change your life!
Want confidence, recognition, and improved career prospects in Egypt and globally ? The IFRS can do this and more for you.
International sources of authority
The International Accounting Standards Board (IASB) and the regulatory framework
Elements of financial statements
- Revenue recognition - Property, plant and equipment - Impairment of assets - Leases - Intangible assets and goodwill - Inventories - Financial instruments - Provisions, contingent assets and liabilities - Employment and post-employment benefits - Tax in financial statements - The effects of changes in foreign currency exchange rates
Presentation and additional disclosures
- Presentation of financial statements and additional disclosures - Earnings per share - Events after the reporting date - Accounting policies, changes in accounting estimates and errors - Related party disclosures - Operating segments - Reporting requirements of small and medium-sized entities (SMEs)
Preparation of external financial reports for combined entities, associates and joint arrangements
- Preparation of group consolidated external reports - Business combinations – intra-group adjustments - Business combinations – fair value adjustments - Business combinations – associates and joint ventures - Complete disposal of shares in subsidiaries