Passionately developing careers since 1958.
Meirc LMS
Back
International Financial Reporting Standards (IFRS) and 2025 Updates

International Financial Reporting Standards (IFRS) and 2025 Updates

Why Attend

The 'International Financial Reporting Standards (IFRS) and 2025 Updates' course will help build the knowledge you need in IFRS for success in today's global business world. Like you, we believe those who understand and apply IFRS will enjoy expanded career opportunities as its use is spreading around the world. Developed with input from subject matter experts from across the region, this course is designed to provide accounting and finance professionals with the training, knowledge, and practical guidance needed to use IFRS and stay up to date with its newest standards and changes.

Associations
Associations
Quick Enquiry Call Me Back
Quick Enquiry Call Me Back
Overview
Course Methodology

The course uses a mix of interactive techniques, such as brief presentations by the consultant, application of different theories, group exercises to exchange experience and apply knowledge acquired throughout the course.

Course Objectives

By the end of the course, participants will be able to:

  • Explain the main requirements of International Accounting Standard (IAS 1) in relations to presenting the statements of financial position and comprehensive income
  • Calculate the Expected Credit Loss for trade receivables as well as properly account for inventory cost and valuation
  • Properly account for major long term assets items such as fixed assets and investment property
  • Differentiate between the various financial assets and identify the proper accounting treatment for each classification
  • Explain the five-step model in recognizing revenue from customers
  • Measure and present the asset, liability and expenses resulting from lease contracts on the lessee financial statements
Target Audience

Professionals in the fields of finance and accounting as well as professionals seeking to enhance their international accounting knowledge from companies implementing IFRS as the standard of reporting.

Target Competencies
  • Understanding financial statements
  • Financial reporting
  • Applying IFRS
  • Accounting for current and non current assets and liabilities
  • Classifying investments
  • Assessing impact on financial accounts
Course Outline
  • Introduction to IFRS and Presentation of Financial Statements
    • Defining the term 'IFRS'
    • Financial position presentation format as per IAS1, presentation of financial statements
      • Components and classification of current and non-current assets and liabilities
      • Offsetting assets and liabilities
    • Income statement presentation per IAS1
      • Presentation of revenues and expenses by nature or by function
    • Components and classification of comprehensive income
    • The new IFRS 18 (Presentation and Disclosure in Financial Statements)
  • IFRS Rules for Current Assets and Liabilities
    • Cash and cash equivalents
    • Accounts receivable and the Expected Credit Loss Model (ECL) under IFRS 9
    • Accounts payable and accruals (IFRS 9)
    • Inventory (IAS 2)
      • Ownership: When to include inventory in your books
      • Measurement at initial recognition: What to include in 'cost'
      • Inventory cost-flow assumptions
      • Subsequent measurement: Lower of cost or net realizable value
  • IFRS Rules for Non-Current Assets
    • Property, plant, and equipment (IAS 16)
      • Initial recognition and subsequent measurement
      • Cost model versus revaluation model
      • Assets held-for-sale (IFRS 5)
      • Treatment of decommissioning costs (IAS 37)
      • Impairment of property, plant, and equipment (IAS 36)
    • Intangible assets (IAS 38)
      • Cost model versus revaluation model
      • Research and Development (R&D) costs
    • Investment property (IAS 40)
      • Distinguishing investment property from other assets
      • Cost model versus fair value model
  • Financial Assets (IFRS 9)
    • Type of investment securities
    • Classification under IFRS 9: Fair Value Through Profit or Loss (FVTPL), Fair Value Through Other Comprehensive Income (FVTOCI), amortized cost
    • Initial recognition and subsequent measurement
    • Transfer between categories
    • Impairment of financial assets 
  • Revenue From Contracts with Customers (IFRS 15)
    • Scope of IFRS 15
    • Describing the five-step model framework under IFRS 15
      • Step 1: Identifying the contract with the customer
      • Step 2: Identifying the performance obligations in the contract
      • Step 3: Determining the transaction price
      • Step 4: Allocating the transaction price to the performance obligations in the contract
      • Step 5: Recognizing revenue when the entity satisfies a performance obligation
  • Accounting for Leases (IFRS 16)
    • Recognition exemptions: Expensing lease payments
      •  Lease of small-value assets
    • Identifying a lease transaction
    • Accounting for lease contracts by lessee
      • Measure right-of-use assets
      • Measure lease liabilities
      • Depreciation of the asset and recording the finance cost
Associations
Associations
National Association of State Boards of Accountancy (NASBA)

Meirc Training & Consulting is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

Visit Website Check the Courses
Schedule & Fees

2025 Schedule & Fees

Location & Date
12 - 16 Oct, 2025
Dubai
English
Venue to be assigned
14 - 18 Dec, 2025
Dubai
Arabic
Venue to be assigned
Fees
Per participant

USD 5750

Fees + VAT as applicable

(including coffee breaks and a buffet lunch daily)

Discount Plans & Cancellations Policy

Meirc reserves the right to alter dates, content, venue, trainer, and to offer courses in an integrated virtual learning (IVL) format whereby face to face classroom participants and virtual learners participate simultaneously in the same course in an interactive learning experience.

Tax Registration Number: 100239834300003

HAVE A QUESTION?
+971 4 556 7211
+971 56 177 0877
🇦🇪
+966 55 356 4371
🇸🇦
[email protected]
Rim will help you find what you are looking for.