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International Financial Reporting Standards - Introduction (Classroom, 3 days)

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Study key International Financial Reporting Standards (IFRS) used for preparing financial statements in the airline industry.

Available as: Classroom & In-Company course
Duration: 3 days (24 hours)
Recommended level: Entry-level and Professional
Prerequisites: none

Next class

There are currently no scheduled classes. Check back later for updates or contact us to arrange a class in your company.

What you will learn

Upon completing this course you will have the skills to:

  • Apply a single set of high-quality international accounting standards
  • Identify the key International Financial Reporting Standards (IFRS) used in the preparation of financial statements in the airline industry
  • Diagnose and resolve issues arising during the preparation of airline statements in accordance the IFRS

Course content

  • International Accounting Standards (IAS) 1 Presentation of Financial Statements
  • IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
  • IAS 2 Inventories; IAS 12 Income Taxes; IAS 16 Property, Plant and Equipment; IAS 17 Leases; IAS 18 Revenue; IAS 21 Effects of Changes in Foreign Exchange Rates; IAS 23 Borrowing Costs; IAS 36 Impairment of Assets; IAS 37 Provisions, Contingent Liabilities and Contingent Assets ; IAS 38 Intangible Assets
  • IFRS 5 Non-current assets Held for Sale and Discontinued Operations

Each of the above topics will be explained in detail to the participants, followed by a case study and a group discussion with emphasis on practical implementation

Who should attend

This course is recommended for:

  • Experienced airline accountants with basic or no knowledge of International Financial Reporting Standards (IFRS)

Certificate awarded

An IATA Certificate of Completion is awarded to participants obtaining a grade of 70% or higher on all exercises and exams. A special distinction is awarded to participants obtaining a grade of 90% or higher.

Additional information

About IATA Classroom Training
We train more than 10,000 aviation professionals annually through our global network of IATA Training Centers, Regional Training Partners, and in private in-company sessions. Our 200+ classroom courses are developed using IATA’s unique industry insight and delivered by IATA Instructors, experts in their fields. More

Further training
Graduates of this course can apply for the Harvard ManageMentor (HMM) distance learning program at a special graduate price.

Subject areas

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