An Interactive 5-Day Training Course
International Financial Reporting Standards (IFRS)
Aligned with Saudi SOCPA (5-Day Program)
Course Overview
This International Financial Reporting Standards (IFRS) training course, aligned with the content of the SOCPA certification, is designed for professionals seeking a deeper understanding of IFRS and its practical application across various industries. IFRS is the most widely adopted financial reporting standard globally, playing a critical role in ensuring transparency, consistency, and comparability in financial reporting.
This training training course, tailored to the Saudi SOCPA certification content, offers an in-depth exploration of advanced IFRS topics, focusing on complex standards and their specific applications.
Participants will gain practical insights into the implementation and compliance with IFRS requirements, aligned with the SOCPA certification, while understanding the latest updates and new standards, including ongoing projects of the International Accounting Standards Board (IASB).
This Saudi GLOMACS training course highlight:
- Understanding accounting standards and their impact on financial reporting.
- Disclosure and accounting requirements for consolidated financial statements.
- Scope, structure, content, and components of IFRS-compliant financial statements, including fundamental assumptions and related disclosures.
- Measurement and recognition of various elements under international accounting principles and standards, including transition issues.
- Revenue recognition requirements and financial reporting.
Training Objectives
Upon completing the International Financial Reporting Standards (IFRS) training course aligned with the SOCPA certification content, participants will enhance their knowledge and analytical skills in the following areas:
- Understanding the current and potential future requirements of IFRS, including the SOCPA-IFRS convergence timeline.
- Applying standards to prepare IFRS-compliant financial statements, including selecting appropriate accounting policies and related disclosures.
- Understanding the principles of recognition and measurement as defined by the framework aligned with the SOCPA certification content and their application across accounting standards.
- Exploring accounting standards requiring or allowing fair value measurement, determining fair value measurements, and addressing recognition and presentation issues in financial statements.
Who should Attend?
- Accounting Professionals
- Financial Managers
- Auditors
- Financial Analysts
- Bankers
- Investment Bankers
- Any other Professionals involved in preparing, presenting, implementing, or analyzing IFRS-compliant financial statements
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
Training Outline
DAY 1: Evolution of International Accounting Standards and Financial Reporting
- IFRS:
- Introduction, history, and overview of current and future standards
- Convergence between IASB and SOCPA
- Framework for Preparing and Presenting Financial Statements:
- Scope, structure, and content of financial statements as per SOCPA
- Measurement and recognition of elements in financial statements
- IFRS Financial Statement Presentation and Post-Reporting Period Events:
- IAS 1: Presentation of Financial Statements
- IAS 7: Statement of Cash Flows
- IAS 8: Accounting Policies, Changes in Accounting Estimates, and Errors
- IAS 37: Provisions, Contingent Liabilities, and Contingent Assets
- IAS 10: Events After the Reporting Period
DAY 2: Recognition and Measurement of Non-Current Assets
- IAS 16: Property, Plant, and Equipment:
- Asset valuation
- Revaluation
- Depreciation
- IAS 38: Intangible Assets
- IAS 36: Impairment of Assets
- IFRS 5: Non-Current Assets Held for Sale and Discontinued Operations
- IAS 40: Investment Property
DAY 3: IFRS Impact on Financial Statements 1
- IAS 2: Inventories
- IAS 12: Income Taxes
- IAS 21: Effects of Changes in Foreign Exchange Rates
- IAS 23: Borrowing Costs
- IFRS 6: Exploration for and Evaluation of Mineral Resources
- IAS 24: Related Party Disclosures
- IAS 20: Accounting for Government Grants and Disclosure of Government Assistance
DAY 4: Financial Instruments and IFRS Impact on Financial Statements 2
- Financial Instruments:
- IFRS 9: Financial Instruments
- IAS 32: Financial Instruments: Presentation
- IAS 39: Recognition and Measurement
- IFRS 7: Financial Instruments: Disclosures
- IFRS Impact on Financial Statements:
- IFRS 13: Fair Value Measurement
- IAS 33: Earnings Per Share
DAY 5: Consolidated Reporting, New Standards, and Practical Implications
- IAS 28: Investments in Associates and Joint Ventures
- IFRS 3: Business Combinations
- IAS 27: Separate Financial Statements
- IFRS 10: Consolidated Financial Statements
- New Standards:
- IFRS 15: Revenue from Contracts with Customers
- IFRS 16: Leases
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation

GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
What do you need to learn next?
Check our list of courses or let us customize a course for you.
View courses