OCEANIC Conseil - Formation
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Accounting standards

Context and rationale

International Financial Reporting Standards (IFRS) are international standards intended to standardise the presentation of accounting data exchanged internationally. The IFRS accounting framework has become the global reference. Training in IFRS is now essential for all accounting professionals and, more broadly, for all those who prepare and use financial statements.

This course will enable you to acquire knowledge of IFRS accounting standards and to highlight the main similarities and differences with OHADA frameworks.

Training objectives

  • Presenting IFRS accounting standards
  • Highlighting the main similarities and differences with OHADA frameworks
  • Managing the transition when changing frameworks
  • Anticipating expected changes in the international framework

Training content

The challenges of standardisation
  • The institutional and political aspects of accounting standardisation.
  • Towards the harmonisation of accounting standards.
  • After OHADA, a vast undertaking seems to lie ahead.
  • Principles and quality of financial information under IFRS.
The normative and regulatory framework
  • Structure and role of the IASB (International Accounting Standards Board).
  • The bodies of the IASB.
  • Developing the standards.
General presentation of financial information under IFRS
  • Presentation of financial statements (IAS 1).
  • Cash flow statement (IAS 7).
  • Accounting policies, changes in estimates and errors (IAS 8).
  • Events after the reporting period (IAS 10).
  • Interim financial reporting (IAS 34).
  • Operating segments (IFRS 8).
Main similarities and differences with OHADA accounting regulations
  • Property, plant and equipment (IAS 16).
  • Intangible assets (IAS 38).
  • Investment property (IAS 40).
  • Finance leases (IAS 17 and IFRS 16).
  • Impairment of assets (IAS 36).
  • Inventories (IAS 2).
  • Capitalisation of borrowing costs (IAS 23).
  • Provisions and contingent liabilities (IAS 37).
  • Revenue from ordinary activities (IAS 18 and IFRS 15).
Applying IFRS
  • First-time adoption of IFRS (IFRS 1).
  • Organisation and schedule.
  • Historical restatements.
  • Financial communication.
  • Managing the dual framework.
  • Developments and prospects.

Let's discuss your training needs

Free, no-obligation offer. An adviser will call you back within 48 hours.

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