Certificate in IFRS - International Financial Reporting Standards

Introduction

This four-day course is designed to strengthen the participant’s ability to manage accounting work with greater control, improve team oversight, enhance daily financial review practices, and build practical knowledge of Tax, Zakat, and International Financial Reporting Standards.

The course does not focus only on technical accounting topics. It connects three essential areas needed for effective accounting management: stronger control over team output, fewer recurring accounting errors, and a clearer understanding of regulatory and reporting requirements that affect financial decisions.

The program is structured to support responsibilities that require accurate follow-up, continuous review, timely guidance, and the ability to ensure that the accounting team delivers reliable financial information. It combines team control, Tax and Zakat awareness, and entry-level IFRS knowledge in one practical learning path.

Course Objectives

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

• Strengthen control over daily accounting team activities.
• Review the quality of journal entries, reconciliations, accounts, and reports before approval.
• Identify weaknesses in task allocation and team follow-up.
• Build a clear mechanism for monitoring deadlines and financial procedures.
• Improve the quality of guidance and review provided to team members.
• Understand the basic principles of Tax and Zakat related to accounting operations.
• Review financial transactions from an initial Tax and Zakat perspective.
• Understand the core concepts of International Financial Reporting Standards.
• Recognize the impact of IFRS on recognition, measurement, presentation, and disclosure.
• Improve the connection between accounting reports and financial compliance.
• Reduce recurring errors through practical review controls.
• Prepare a follow-up plan to improve team performance and financial output quality.

Course Outlines

Day 1: Strengthening Control over the Accounting Team and Output Quality.

• The role of daily control in improving accounting accuracy.
• Difference between administrative follow-up and effective financial review.
• Identifying critical tasks within the accounting team.
• Allocating responsibilities in a way that reduces overlap and improves accountability.
• Reviewing journal entries and reconciliations before financial closing.
• Building checklists for periodic account review.
• Detecting recurring errors and analyzing their causes.
• Guiding team members without weakening their sense of responsibility.
• Monitoring closing deadlines and reporting timelines.
• Practical application of designing an internal control mechanism for the accounting team.

Day 2: Tax and Zakat in Daily Accounting Work.

• Core concepts of tax and Zakat in the business environment.
• Relationship between accounting records and tax/Zakat filing requirements.
• Reviewing revenues and expenses from a tax and Zakat perspective.
• Understanding differences between accounting treatment and regulatory requirements.
• Following up on supporting documents for transactions with tax impact.
• Handling value-added tax in daily accounting operations.
• Reviewing suppliers, customers, and invoices from a compliance perspective.
• Identifying common errors in tax classification and treatment.
• Preparing an initial review file to support tax and Zakat requirements.
• Case study on a financial transaction and its accounting, tax, and Zakat impact.

Day 3: Foundations of International Financial Reporting Standards.

• Introduction to International Financial Reporting Standards and their importance.
• Core concepts of recognition, measurement, presentation, and disclosure.
• Understanding the impact of IFRS on the main financial statements.
• General treatment of revenues, expenses, assets, and liabilities.
• Presenting accounts in a way that supports transparency and comparability.
• Differences between local accounting treatment and IFRS requirements.
• Impact of accounting estimates on reporting quality.
• Initial reading of disclosure requirements in financial reports.
• Connecting IFRS concepts with daily accounting team activities.
• Practical application of reviewing a financial item using IFRS principles.

Day 4: Connecting Control, Compliance, and Financial Reporting.

• Building an operating model that connects the team, Tax/Zakat, and financial standards.
• Reviewing financial closing procedures from a control and compliance perspective.
• Defining review points before reports are issued to management.
• Improving the quality of internal financial reports.
• Using accounting observations to develop team performance.
• Setting a follow-up mechanism for errors and corrections.
• Preparing simple indicators to measure accounting work quality.
• Handling internal and external inquiries with confidence and structure.
• Building a post-course development plan for the accounting team.
• Final application on a financial case involving team review, tax/Zakat impact, and reporting requirements.

Why Attend This Course: Wins & Losses!

• Improve control over daily accounting output quality.
• Strengthen team follow-up and responsibility allocation.
• Reduce recurring errors in entries, reconciliations, and reports.
• Improve the ability to review transactions with Tax and Zakat impact.
• Build practical understanding of IFRS foundations.
• Improve the quality of financial closing and pre-approval review.
• Support management decisions with more accurate and organized reports.
• Strengthen compliance with deadlines and financial procedures.
• Improve team confidence through clear guidance and balanced follow-up.
• Connect daily accounting work with compliance and reporting requirements.

Conclusion

This course provides a practical framework for managing accounting work with stronger control, structure, and confidence. It combines team oversight, Tax and Zakat knowledge, and IFRS foundations to improve financial output quality and reduce recurring errors.

The program begins by strengthening the participant’s ability to follow up with the team and control daily accounting review. It then moves into Tax and Zakat as key areas affecting transactions, records, and reports. After that, IFRS foundations are introduced in a practical way to clarify their impact on recognition, measurement, presentation, and disclosure.

On the final day, the three areas are connected in one operating model that links control, compliance, and financial reporting. By the end of the course, participants will be better prepared to guide the team, review accounting work with confidence, and understand the regulatory and reporting impact of financial transactions before reports are issued or results are approved.