International Financial Reporting Standards IFRS and 2024 Amendments - Dammam 28 June 2026
: 6Introduction:
The International Financial Reporting Standards (IFRS (International Financial Reporting Standards)) represent the most important reference framework for preparing high-quality financial statements, enhancing transparency and international comparability.
With the continuous updates and amendments issued by the International Accounting Standards Board (IASB), particularly the 2024 amendments, there is an increasing need to enable finance professionals to understand and properly apply these changes.
This program aims to equip participants with in-depth knowledge of the International Financial Reporting Standards and the 2024 amendments, as well as their practical impact on measurement, presentation, and disclosure in financial statements.
Course Objectives:
By the end of the program, the participant will be able to:
o Understand the conceptual framework of the International Financial Reporting Standards (IFRS (International Financial Reporting Standards)).
o Comprehend the latest IFRS 2024 amendments.
o Apply international standards in preparing financial statements.
o Analyze the impact of amendments on measurement, presentation, and disclosure.
o Enhance compliance and transparency in financial reporting.
o Support financial decision-making in accordance with international standards.
Scientific Themes:
➤ Day 1: The General Framework of International Financial Reporting Standards (IFRS (International Financial Reporting Standards))
The emergence and importance of International Financial Reporting Standards.
The conceptual framework for financial reporting.
The difference between IFRS and local accounting standards.
Presentation and disclosure requirements in financial statements.
➤ Day 2: Core Standards in Financial Statement Preparation
IAS 1 Presentation of Financial Statements.
IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.
IAS 10 Events After the Reporting Period.
Practical application and preparation of financial statements.
➤ Day 3: Key Standards Affecting Financial Performance
IFRS 9 Financial Instruments.
IFRS 15 Revenue from Contracts with Customers.
IFRS 16 Leases.
The impact of standards on profitability and cash flows.
➤ Day 4: IFRS 2024 Amendments
Overview of new updates and amendments.
Impact of amendments on measurement and recognition.
Changes in disclosure requirements.
Practical challenges in implementation and compliance.
➤ Day 5: Practical Application and Advanced Financial Reporting
Practical case handling under the 2024 amendments.
Analysis of financial statements after the amendments.
Professional disclosure and transparency.
Best practices in transition and implementation of amendments.