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International Financial Reporting Standards (IFRS)

An Intensive 5-Day Training Course

International Financial Reporting Standards (IFRS)

Preparing Accounts in Accordance with IFRS

Scheduled Dates

04 - 08 Mar 2024 London - UK $5,950
13 - 17 May 2024 London - UK $5,950
29 Jul - 02 Aug 2024 London - UK $5,950
14 - 18 Oct 2024 Rome - Italy $5,950
21 - 25 Oct 2024 Dubai - UAE $5,950
23 - 27 Dec 2024 Paris - France $5,950
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We provide a wider range of training options. Tailored and customized, we can deliver your organization’s training needs anytime, anywhere.

Why Choose this Training Course?

This International Financial Reporting Standards (IFRS) training course provided delegates with a detailed understanding of International Financial Reporting Standards (IFRS). Delegates will not only improve their knowledge and understanding but also their accounting skills gaining an ability to account for transactions and prepare financial statements in accordance with the IFRS, thereby ensuring legal compliance and improved corporate governance.

The training course will also present an overview of the IFRS most relevant to your organisation, adapting to the needs identified. As a result, delegates will be able to transfer knowledge and skills for the benefit of their organisation.

This PetroKnowledge International Financial Reporting Standards (IFRS) training course will highlight:

  • The role & scope of IFRS
  • The case for IFRS and latest developments
  • The major accounting concepts & policies
  • The requirements of the most important IFRS relevant to your organization
  • The preparation & presentation of financial statements in accordance with IFRS

What are the Goals?

At the end of this International Financial Reporting Standards (IFRS) training course, you will learn to:

  • Follow accounting concepts & policies
  • Prepare income statements & statements of financial position in accordance with IFRS
  • Prepare & evaluate the cash flow statement
  • Account for assets in accordance with IFRS
  • Account for strategic alliances & business combinations in accordance with IFRS

Who is this Training Course for?

This training course is suitable to a wide range of professionals but will greatly benefit: 

  • Corporate Accountants, Financial Controllers, Treasury Officers, Management Accountants
  • Finance Staff in General Accounting, Payables, Receivables, Inventory, Fixed Assets, etc.
  • External, Financial and Internal Auditors
  • Government Regulators
  • Financial and Investment Analysts

How will this Training Course be Presented?

Participants to this International Financial Reporting Standards (IFRS) training course will receive a thorough training on the subjects covered by the training course outline with the Tutor utilising a variety of proven adult learning teaching and facilitation techniques. Training course methodology includes case studies relevant to your organisation, discussion, group work and interactive exercises and videos. These are designed to ensure delegates leave with transferable skills as well as up-to-date knowledge of international policies and procedures.

Organisational Impact

The organisation will gain from:

  • Practical application of IFRS
  • Ensuring legal compliance in line with the latest requirements
  • Understanding the major accounting issues facing the sector
  • Applying IFRS specific to their organisational needs
  • Aiding corporate governance thereby reducing risk
  • Contributing to financial decision making more effectively

Personal Impact

The International Financial Reporting Standards (IFRS) training course will provide the following to the delegates:

  • Skills and knowledge to further your professional career
  • The latest tools and techniques to assist you in your role
  • An ability to make more informed decisions aimed at reducing risk
  • Increased skills and improved decision making to increase your importance to your organization
  • An ability to liaise effectively with other departments and colleagues regarding current practices and issues affecting oil & gas industry
  • A greater understanding or your role and the major issues affecting it

Daily Agenda

Day One: The Role & Scope of IFRS

  • Establishing the case for IFRS
  • International accounting diversity
  • The role & scope of IFRS & IAS
  • The IASB conceptual framework
  • IFRS, accounting concepts & policies

Day Two: The Presentation & Preparation of Financial Statements

  • The annual reports & financial statements
  • IAS 1 presentation of financial statements
  • Preparing the income statement
  • Preparing the statement of financial position
  • IAS & statement of cashflow
  • Notes & disclosures

Day Three: Accounting for Cash Flow & Financial Instruments

  • The importance of cash flow
  • Preparing a statement of cash flows in accordance with IFRS 7
  • Evaluating the cash flow
  • What are financial instruments & derivatives?
  • IFRS 7 financial instruments: Disclosures
  • IFRS 9 financial instruments

Day Four: Accounting for Assets

  • Tangible & intangible assets
  • IAS 16: Property, plant and equipment and Depletion, Depreciation & Amortisation (DD&A)
  • IAS 36: Impairment of assets
  • IFRS 13 fair value measurement
  • IAS 38: Intangible assets
  • IAS 2 inventories

Day Five: Accounting for Strategic Alliances & Business Combinations 

  • Strategic alliances mergers & acquisitions
  • Goodwill
  • IFRS 3 business combinations
  • IFRS 10: Consolidated financial statements
  • IFRS 11: Joint arrangements
  • IFRS 12: Disclosure of interests on other entities


  • On successful completion of this training course, a PetroKnowledge Certificate will be awarded to the delegates

In Association With

GLOMACS Training

Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients

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Frequently Asked Questions

How can I register for a training course?

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 50 981 7386 | +971 2 557 7389 or send an email to

When and how do I arrange payments?

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

When should I expect to receive confirmation of registration?

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

Is there a discount for more than one registrant/course?

For corporate fees and group registration, please send your query to

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All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

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