International Financial Reporting Standards (IFRS)

The diminishing differences between generally accepted accounting principles (GAAP), principally established by the Financial Accounting Standards Board (FASB), and international financial reporting standards (IFRS), as established by the International Accounting Standards Board (IASB), is narrowing at a faster pace. International Finance Reporting Standards (IFRS) are now the world’s most widely accepted and applied accounting standards with more than 100 countries now requiring or permitting their use.

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

• The basic concepts of accounting and financial reporting disclosures and varying reconciling and non-reconciling differences between GAAP and IFRS
• The scope, structure, contents and components of IFRS compliant financial statements, including underlying assumptions and related footnotes disclosures
• Measurement and recognition of the various elements of international accounting principles and standards, including transition concerns
• Revenue recognition and financial reporting requirements

By the end of This International Financial Reporting Standards (IFRS) training course, participants will be able to:

• Understand the current and potential future requirements of IFRS, including the final prospects and timetable for the convergence of GAAP and IFRS
• Apply standards in accordance with their requirements in terms of preparing IFRS compliant financial statements, including the selection of appropriate accounting policies and related footnote disclosures
• Understand the recognition and measurement principles as delineated within the IASB’s Framework and comprehending their application within each accounting standard
• Define and apply the transition process to IFRS and identifying the first-time exemption as well as exceptions relating to the financial statements of a transitioning organization
• Examine accounting standards that either require or permit the use of fair value measurement (including comparisons to U.S. Financial Accounting Standards Nos. 157 and 159), determining fair value measurements and financial statement recognition issues and presentation

At Aztech Saudi, we believe that professional development is the foundation of long-term career success. This training course is expertly designed to equip individuals with practical skills, forward-thinking strategies, and the confidence to navigate today’s dynamic work environments. Each course is delivered by subject matter specialists with extensive industry experience, ensuring that every learning experience is relevant, impactful, and aligned with real-world challenges. Whether you're looking to strengthen your technical expertise, enhance leadership abilities, or stay ahead of industry trends, Aztech Saudi provides the tools you need to elevate your performance and deliver measurable value to your organization.

Our training is more than just knowledge transfer—it’s a catalyst for career transformation. By participating in our courses, professionals gain a competitive advantage in their fields, improve their decision-making capabilities, and position themselves for new opportunities and leadership roles. We take pride in supporting individuals across various sectors and career stages, helping them unlock their full potential through high-quality, globally benchmarked learning experiences. With Aztech Saudi as your development partner, you’re not only investing in education—you're investing in a stronger, more successful future.