Financial statements built on outdated standards can quietly mislead everyone who relies on them — investors, regulators, and management alike. This course from the Arab British Fellowship Training Academy walks participants through how international reporting moved from IAS to IFRS, and what that shift actually means for auditing, reporting, and analyzing an organization's financial statements today.

Beyond the standards themselves, the course builds a practical risk-management lens: identifying, measuring, and managing financial risk through transfer, prevention, and loss-mitigation strategies, and applying that lens to horizontal and vertical analysis, ratio measurement, benchmarking, and strategic analysis of the financial statements — so participants leave able to judge an organization's financial soundness, not just recite a standard.

Who should attend?

• Internal and external auditors.
• Finance managers, their deputies, and finance department staff.
• Financial analysts and consultants.
• Managers and officials responsible for financial decisions.

Knowledge and Benefits:

By the end of the course, participants will be able to:

• Judge the financial soundness of an organization through a critical read of its financial reports.
• Forecast financial performance and evaluate approaches to financial restructuring.
• Recognize professional issues tied to specific accounting treatments.
• Apply modern budgeting tools to avoid and manage financial risk in practice.

From IAS to IFRS: Why the Shift Matters

• The retirement of International Accounting Standards (IAS) in 2011 and what replaced them.
• The joint IASB & FASB project (2005–2011) behind the shift.
• IFRS 2010 and the role of the IFRS Foundation today.

Presenting the Financial Statements under IFRS

• Presenting the statement of financial position, comprehensive income, and cash flows under IFRS, IAS 1, and IAS 7.
• Supplementary disclosures and notes.
• How consistent presentation supports reliable auditing.

Analyzing and Auditing Financial Performance

• Horizontal and vertical analysis of financial data, ratio measurement, and benchmarking.
• Strategic analysis of the statement of financial position.
• Strategic analysis of the comprehensive income statement and the cash flow statement.