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


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

This course is available at IATA Training Centers and Regional Training Partner locations, and on-demand as in-house training.

Course code: TALF-47

Course format

  • This classroom course provides 3 days (24 hours) of instruction delivered by an official IATA Instructor.
  • Student performance will be based on an assessment


  • There are no prerequisites for this course
  • Recommended level is Entry-level and Intermediate
  • The recommended level of language proficiency is ICAO Operational Level 4 for courses in English or the equivalent level for other languages.

How to register

To arrange in-house training for your company: Complete the in-house training request form or contact the salesperson in your region.

There are no scheduled classes at the moment

What you will learn

On completion of this course you will be able 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 Cost
    • 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


  • Case studies
  • Group discussions

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.

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