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International Financial Reporting Standards (IFRS)

An Interactive 5-Day Training Course

International Financial Reporting Standards (IFRS)

Aligned with Saudi SOCPA (5-Day Program)

NASBA
Classroom Schedule
Date Venue Fees
13 - 17 Apr 2026 Riyadh $ 5,950
29 Jun - 03 Jul 2026 Jeddah $ 5,950
24 - 28 Aug 2026 Dammam $ 5,950
16 - 20 Nov 2026 Riyadh $ 5,950

Course Summary

This International Financial Reporting Standards (IFRS) training course is designed to provide professionals with a comprehensive understanding of IFRS and its practical application across industries. By aligning with Saudi SOCPA certification requirements, the course ensures transparency, consistency, and comparability in financial reporting and equips participants with the skills needed to prepare and analyse IFRS-compliant financial statements. Participants will develop expertise in recognising, measuring, and disclosing financial elements based on international accounting principles, as well as complying with disclosure and consolidation requirements for financial statements.

The training course also focuses on complex standards, recent updates from the International Accounting Standards Board (IASB), and practical implementation strategies that support improved financial decision-making. Emphasis is placed on enhancing participants’ understanding of IFRS frameworks, revenue recognition, and financial reporting to improve organisational compliance, corporate governance, and analytical capability. The International Financial Reporting Standards (IFRS) training course prepares professionals to address accounting challenges with confidence and contribute to effective financial reporting within their organisations.

Skills & Competencies

From this International Financial Reporting Standards (IFRS) training course, participants will develop the following key skills and competencies:

  • IFRS-compliant financial reporting proficiency
  • Advanced accounting and measurement expertise
  • Disclosure and consolidation understanding
  • Practical application of international accounting standards
  • Financial statement analysis capability
  • Regulatory compliance and governance awareness

Key Learning Outcomes

At the end of International Financial Reporting Standards (IFRS) training course, you will learn to:

  • Interpret IFRS principles and framework in financial reporting.
  • Prepare financial statements with appropriate disclosures.
  • Apply recognition and measurement criteria across standards.
  • Analyse the impact of updates from the IASB on reporting.
  • Implement practical techniques for IFRS compliance in practice.

How You Will Learn

Participants will engage through a blend of structured exploration of IFRS standards, analytical review, and practical examples that illustrate real-world application. The training course emphasises understanding both the conceptual IFRS framework and how to translate standards into transparent financial reporting practices. Emphasis is placed on strengthening technical competence and decision-making through guided learning and discussion.

Who should Attend?

This training course is suitable for professionals involved in financial reporting, accounting, and compliance who need to develop or enhance IFRS knowledge and application.

This International Financial Reporting Standards (IFRS) training course is suitable to a wide range of professionals but will greatly benefit:

  • Accounting professionals
  • Financial managers
  • Auditors
  • Financial analysts
  • Bankers and investment professionals
Course Outline
Day 1

Evolution of International Accounting Standards and Financial Reporting

This day introduces the history, framework, and current landscape of international accounting standards. Participants explore IFRS development, SOCPA convergence, and financial statement preparation principles. The topics covered will include:   

  • 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

This day focuses on valuation and measurement principles for non-current assets under IFRS. Participants examine how assets are recognised, revalued, and impaired in financial statements. The topics covered will include:   
  • 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.
  • Case Studies.
Day 3

IFRS Impact on Financial Statements 1

This day explores specific standards affecting financial reports, including inventories, income taxes, foreign exchange, and borrowing costs. Participants analyse how these standards influence financial outcomes. The topics covered will include:

  • 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.
  • Case Studies.
Day 4

Financial Instruments and IFRS Impact on Financial Statements 2

This day examines financial instruments and fair value measurement standards. Participants review recognition, presentation, and disclosure requirements under IFRS. The topics covered will include:  

  • 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.
    • Case Studies.
Day 5

Consolidated Reporting, New Standards, and Practical Implications

This day addresses group reporting, business combinations, and the application of newer IFRS standards. Participants explore consolidation principles, revenue recognition, and lease accounting. The topics covered will include:   

  • 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.
  • Case Studies.
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 Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers

Endorsed Education Provider

NASBA
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NASBA

Customisation & In-House Delivery

Delivering this in-house training course enables organisations to tailor IFRS content to their industry context, reporting requirements, and specific compliance challenges. Customisation ensures that participants focus on real-world financial scenarios relevant to the organisation, strengthening reporting accuracy, regulatory alignment, and financial decision-making outcomes.

Why Choose Saudi GLOMACS?

Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.

Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.

Official Saudi Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

Trusted Across Sectors

Trusted by professionals and institutions across public and private sectors.

Flexible Delivery

Training courses delivered within Saudi Arabia and across international locations.

Additional Benefits of this course for Organisations and Professionals in Saudi Arabia

Organisations & Professionals in KSA will have the following additional benefits from this International Financial Reporting Standards (IFRS) training course:

  • Enhanced mastery of global financial reporting standards
  • Improved compliance with international accounting practices
  • Greater accuracy in preparation and analysis of financial statements
  • Strengthened corporate governance and disclosure capability
  • Increased confidence in complex accounting decision-making
  • Enhanced professional credibility and market competitiveness
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Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

No. Our training courses are delivered globally through international locations and online platforms, enabling participants from Saudi Arabia and around the world to learn together. This global delivery approach ensures exposure to diverse perspectives, international best practices, and cross-cultural insights while maintaining strong relevance to regional and organisational needs.

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Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Yes, in-house and customised strategy training courses are available to support organisations seeking tailored strategic capability development. These courses can be aligned with your industry context, organisational challenges, and long-term strategic objectives.

For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email info@glomacs.sa . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars

If you would like further information about these training courses, our team is available to provide professional guidance and support. We are pleased to assist with course selection, the registration process, and any other related enquiries.

For personalised assistance or detailed enquiries, please contact our team on +966 (54) 286 8546 or email us at info@glomacs.sa

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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