International Financial Reporting Standards (IFRS)
International Financial Reporting Standards (IFRS)
Date
9 - 12 February, 2020
Time
5:00 pm - 9:00 pm
Overview
The growing global acceptance of International Financial Reporting Standards (IFRS) as a basis for the preparation of financial statements of large and medium sized entities creates a need for an increasing group of professionals to gain knowledge and experience of these standards. Even those with a basic understanding of IFRS are required to update their knowledge because of the fast evolution of these standards and the growing experience that practitioners require. As of 2005, approximately 9000 listed European companies transferred to IFRS reporting. Russia, China, Canada, Japan, Australia, India, South Korea, Malaysia and many other countries are adopting IFRS or have plans to converge their national standards with IFRS.
This course provides an answer to the continuing and growing need for information and practical guidance in relation to IFRS technical issues.
Course Objectives
Understand financial reporting across all international financial reporting standards
Apply principles, concepts and knowledge from IFRS in a business context
Produce and interpret financial statements and information
Make more informed business decisions
Assess the standards’ commercial impact on your business
Course Contents
Topic
IFRS Covered
Fundamentals of IFRS
Framework for the preparation and presentation of Financial Statement
IAS 1
Accounting for Fixed Assets
IAS 16
IAS 38
IAS 23
Accounting for inventory
IAS 2
Accounting for financial Assets and Financial Liabilities
IAS 39
IAS 28
IAS 27
Presentation and Disclosure of the financial instrument
IAS 32
IFRS 7
Accounting Policies
IAS 8
Provision, contingent liabilities and Contingent assets
This program is designed to study and practice interview methods particularly competency-based interviews, prepare questions and outcomes, set up for the interview – panel, communication, etc. It will also look at how to analyse the answers, use different techniques to close the interview and make that final decision. Through use of different interactive techniques including role-play and trivia, this course will engage and have a definite impact on your effectiveness in the recruitment and interviewing process.
Course Outline
Introduction
Recruitment Cycle
Pre- Role Play
Resume/ CV Types and reviews
Interview in Eyes of others
Interview Types
Competency Based Interview
Interview Pitfalls
Dealing with Common Responses
What to avoid
Diversity and Reality
Post- Role Play
Summary and Conclusion
Who Should Attend this Course?
HR Officers, HR Generalists and Specialists, Line Managers or any person that is involved in the interviewing and hiring process.
CIPD Level 5
Chartered Institute of Personnel & Development
Level 5 INtermediate Diploma
in
Human Resource Management
About the CIPD
The CIPD is the professional body for HR and people development. The CIPD has been setting the benchmark for excellence in people and organization development for more than 100 years. It has more than 135,000 members across the world, provides thought leadership through independent research on the world of work, and offers professional training and accreditation for those working in HRM and learning and development.
The CIPD is committed to being the leading, best-practice professional institute in the UK and Ireland. It exists to help its members improve the performance of their organizations and through them help increase the productivity levels of the whole economy. Its central message is that “people mean business”. There is now strong evidence that progressive people management and development policies are the key to sustainable success in the emerging service-sector oriented knowledge economy.
The Institute is responsible for the professional qualifications of the personnel profession and also provides a range of leading-edge training courses, workshops and seminars designed for personnel specialists, trainers, line managers, and support staff at all levels.
For many organizations, membership of the CIPD is considered to be a pre-requisite for all those aspiring to a worthwhile career in HR and Training. In the UK today, there is little point in even applying for a job in this area without the first level of membership of the CIPD, so much is the power of a CIPD qualification.
A CIPD qualification brings with it an identity in itself coupled with respect from colleagues and peers, and indicates a professional approach to business.
The time has long gone when people in HR can simply stand back and watch what is happening, take a back seat and adopt a reactive role in the organization. The role and function of the HR professional has changed, radically and forever. They must be at the forefront of change, driving it, leading it, - and living it!
BENEFITS
1. For the organization:
Having professionally qualified staff is recognized as the basic cornerstone of a corporate people structure
Staff who undertake this course of study invariably demonstrate a level of hidden potential so can add value quickly to the employer
The programs encourage open debate and discussion so that every participant can hear the views of others from different backgrounds, organizations and cultures
As a result of participants getting to know each other better this widens their areas of knowledge and expertise - and increases their business network
Skill levels improve helping HR/HRD Staff to implement coping strategies in their day-to-day activities + overall competency levels increase
Each Diploma program explores the topical issues in today’s global HR/HRD market place. This ensures students acquire a breadth and depth of knowledge and skills that can be immediately implemented in the workplace.
2. For the Manager/Team Leader
Member of staff should be adopting a more structured approach to their training, learning and development
They should be able to understand and implement policies and procedures more effectively
They should be able to take greater control of their work, and contribute more efficiently to the work of the section/department
They will have a deeper understanding of how HR can add real value
They will know and understand the necessity of building and sustaining a robust internal network
They will act more of an internal consultant to the business.
3. For the Individual
He/She will achieve an internationally recognized qualification from the Chartered Institute of Personnel and Development.
Apart from gaining CIPD Associate status, every individual grows in confidence, enhances their skills levels, and is able to contribute more effectively to their role within their organization.
You will also receive training and guidance of the very highest order to ensure you obtain your qualification.
The debates will be relevant to your job, not theory, but they will relate to hard practice.
Qualification will mean you have a wider opportunity for future development having achieved what is now widely recognized as the International HR Passport.
Who is a CIPD Intermediate qualification for?
CIPD Intermediate qualifications are suitable for those:
looking to develop a career in HR management or development and want to study a recognized qualification
who need to understand the role of HRM in the wider organizational and environmental context
Aspiring to become a professional member of the CIPD, as an Associate member.
What Qualifications do I need?
University degree qualification is preferable; participants should currently be working within an HR or Training role. The program is delivered in English so you should be reasonably fluent in both written and spoken English, and possess a good level of IT skills.
Delivery
Talent Center has partnered with ICS Learn (https://www.icslearn.co.uk/) to provide blended learning CIPD programs for the second year. The program will be a combination of in-house instruction totaling 5 days and online webinars explaining the assignments. Nine assignments in total will be submitted online along with a Professional Development Plan
