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



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

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

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.

Who should attend

This course is recommended for:

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


Additional information

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