5 Reasons to Run IFRS In-House Training

Finance for Non-Finance Managers Training in Dubai UAE, Finance Training Dubai 5 Reasons to Run IFRS In-House Training

5 Reasons to Run IFRS In-House Training

5 Reasons to Run IFRS In-House Training: International Financial Reporting Standards requires organizations to follow latest updates issued.

  • The conceptual framework is a statement of generally accepted theoretical principles which form the frame of reference for financial reporting.
  • The IASB’s Conceptual Framework for Financial Reporting provides the conceptual framework for the development of global accounting standards (IFRSs).
  • The Conceptual Framework makes it clear that this information should be provided on an accruals basis.
  • The underlying assumption is going concern.
  • Going concern: the entity is viewed as continuing in operation for the foreseeable future.

These are the reasons to Run IFRS In-House Training:

  1. Learning from industry experts of your choice
  2. Stronger learning outcomes
  3. Cost effectiveness and convenience
  4. Customized training opportunities
  5. Team building

Qualitative characteristics of IFRS

  • Qualitative characteristics are those that make financial statements useful to users.
  • Relevance: capable of making a difference in the decisions made by users. Relevant information has predictive value, confirmatory value, or both.
  • Faithful representation: information must represent the phenomena that it purports to represent. To be a faithful representation, information must be complete, neutral and free from error.

How to Interpret and Apply IFRS Principles to Your Business in an Interesting and Easy-to-Understand Way

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