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
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
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
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.
This course is recommended for:
Experienced airline accountants with basic or no knowledge of International Financial Reporting Standards (IFRS)