Training package In International Financial Reporting Standards (IFRS) – Material Drive

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Do you want to prepare the accounting and finance team to transition from Saudi GAAP to IFRS? Through this program you will learn the keys to the difference between the two criteria, identify the steps in applying the IFRS for the first time and impact the financial statements, as well as the latest updates. It also helps you comply with the requirements of the Saudi Organization for Certified Public Accountants (SOCPA), while enhancing your understanding of transition requirements. This course will give you the knowledge and skills to prepare you for this transition while sharing knowledge with other participants from different institutions operating in Saudi Arabia.

What Will I Learn?

  • Knowledge of the major differences between IFRS and generally accepted accounting principles in Saudi Arabia (Saudi GAAP)
  • Identify the impact of the transition from Saudi GAAP to IFRS on the financial statements of the institution and determine the mandatory exceptions and optional exemptions from this transition period
  • Preparation of financial statements for entities that adopt IFRS for the first time
  • The correct account of assets, liabilities, equity, income and expenses under both IFRS and Saudi GAAP
  • Application of various accounting methods permitted by IFRS and Saudi GAAP on various business processes
  • Transitional management

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