The IFRS Basics training provides a clear and practical introduction to the key principles of International Financial Reporting Standards. You will explore the core concepts of the most relevant IFRS standards through practical examples and comparisons. The course also highlights how IFRS requirements differ from Finnish accounting standards and how these differences affect financial reporting in practice.

This training is ideal for finance and accounting professionals who have limited experience with IFRS and want to strengthen their understanding of IFRS standards and their practical application. It is also highly recommended if your company is planning or considering a transition to IFRS reporting.

Build a solid foundation in IFRS and continue your learning journey with IFRS Academy’s advanced courses focusing on specific standards.

The chair of the training session is Nina Sormunen, Senior University Lecturer, Aalto University.

8.45 Joining the online training

9.00 Introduction to IFRS financial statements

• IFRS vs FAS
• Measurement of the elements of financial statements
• Presentation and Disclosure in financial statements (IFRS 18)

Senior University Lecturer Nina Sormunen, Aalto University

9.50 Break
10.00 Leases and provisions

• Leases (IFRS 16)
• Provisions, contingent liabilities and contingent assets (IAS 37)

Accounting and Reporting Advisor Timo Salmi, KPMG Oy Ab

11.00 Break

11.10 Intangible and tangible assets

• Property, plant and equipment (IAS 16)
• Intangible assets (IAS 38)
• Inventories (IAS 2)

Accounting and Reporting Advisor Timo Salmi, KPMG Oy Ab

12.00 Lunch
13.00 Revenue from contracts with customers (IFRS 15)

• The five-step model

Senior Manager,  Authorized Public Accountant (KHT), Joanna Suomalainen, EY

13.50 Break
14.00 Consolidated financial statements

• Standards related to consolidated financial statements
• Business combinations (IFRS 3)

Senior Manager,  Authorized Public Accountant (KHT), Joanna Suomalainen, EY

14.50 Break
15.00 Financial Instruments and income taxes

• Standards related to financial instruments
• Financial instruments (IFRS 9)
• Income taxes (IAS 12)

Senior Associate Henrik Pitkälä, EY

16.30 Training ends

We reserve the right to make changes.

The price includes six months of access to the training materials and the recording.
You can find these in Oma ST.

If you are a new user, we will create a personal account for you, where you can easily access all your purchased products in the future.

For on-site participants, the price also includes refreshments during the training day.

Good to know about our trainings.
Please read our cancellation policy for more information.