Build a solid foundation in IFRS reporting and put the key principles into practice

The training will be conducted in English to enable participation from all employees regardless of their native language. Delivering the training in English also allows it to be utilized across an international organization and supports the development of consistent IFRS expertise.

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.

Duration 6,5 h

Contents:

Introduction to IFRS financial statements

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

Senior Manager, Peter Palmroos, EY

Leases and provisions

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

Accounting and Reporting Advisor Timo Salmi, KPMG Oy Ab

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

Revenue from contracts with customers (IFRS 15)

• The five-step model

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

Consolidated financial statements

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

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

 Financial Instruments and income taxes

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

Senior Associate Henrik Pitkälä, EY

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

We reserve the right to make changes.

The price includes access to the training and the materials.
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.

Please read our cancellation policy for more information.