---
url: "https://xcademia.com/courses/ifrs-essentials-training"
title: IFRS Essentials Training
description: "Learn IFRS fundamentals, financial statements and reporting principles in this mentor-led programme using practical scenarios for finance professionals."
publishedAt: "2026-03-14T08:52:31.750964+00:00"
updatedAt: "2026-03-30T22:50:53.7265+00:00"
type: course
code: "FAB-0003"
level: Foundation
duration_days: "3"
track: "Accounting & Reporting"
category: "Finance, Accounting & Business Skills"
credential_tier: tier1
price_gbp: "1999"
---

# IFRS Essentials Training

> Develop a practical understanding of International Financial Reporting Standards and their role in global financial reporting. This mentor-led programme uses practical scenarios to explain IFRS principles, financial statements and reporting requirements.

## Overview

International Financial Reporting Standards (IFRS) provide the global framework used by organisations to prepare consistent, transparent, and comparable financial statements. Finance professionals increasingly need a strong understanding of IFRS principles to support reporting, compliance, and financial analysis across international markets.

The IFRS Essentials Training programme introduces the key concepts underpinning IFRS and how they influence financial reporting practices. Participants explore the structure of IFRS standards, the preparation of financial statements, and common accounting treatments used in modern organisations.

Delivered as a mentor-led programme using practical scenarios, the course enables participants to interpret IFRS requirements, understand financial reporting implications, and apply accounting concepts to real-world business situations.

## Prerequisites

- Basic understanding of accounting or finance.
- Interest in financial reporting standards.
- Professional involvement in finance, audit, or accounting functions.

## What you will learn

- Analyse IFRS conceptual framework and principles
- Evaluate financial statements prepared under IFRS
- Implement key IFRS accounting treatments
- Communicate IFRS reporting requirements clearly
- Design compliant financial reporting processes
- Evaluate financial disclosures and reporting risks

## Skills you will gain

- IFRS fundamentals and principles
- Financial statement interpretation
- Revenue recognition basics
- Asset and liability accounting
- Financial instruments overview
- IFRS disclosure requirements

## Career progression

- Finance Associate
- Junior Accountant
- Financial Reporting Analyst
- Audit Associate
- Accounts Executive

## Curriculum

1. **Module 1: Getting Ready**
   - Overview of global accounting frameworks
   - IFRS structure and terminology
   - Programme roadmap and expectations
2. **Module 2: Introduction to IFRS**
   - Purpose and principles of IFRS
   - Conceptual framework for financial reporting
   - Key stakeholders and global adoption
3. **Module 3: Financial Statements under IFRS**
   - Statement of financial position
   - Statement of profit or loss
   - Cash flow statements and disclosures
4. **Module 4: Revenue Recognition and Measurement**
   - Core principles of revenue recognition
   - Identifying performance obligations
   - Timing of revenue recognition
5. **Module 5: Assets and Liabilities Accounting**
   - Property, plant and equipment basics
   - Intangible assets and impairment concepts
   - Provisions and contingent liabilities
6. **Module 6: Financial Instruments and Risk Disclosure**
   - Overview of financial instruments accounting
   - Recognition and measurement concepts
   - Risk disclosure requirements
7. **Module 7: Practical IFRS Reporting Scenarios**
   - Interpreting IFRS-based financial reports
   - Case studies from real organisations
   - Common reporting challenges and solutions

## Exam & certification

You will receive an Xcademia certificate of completion based on participation and successful completion of labs and scenario simulations.

## Delivery options

- **Live Online** — Join live instructor-led sessions from anywhere. Interactive, engaging, and flexible.
- **Onsite Training** — We come to you. Training delivered at your workplace for teams of 6 or more.
- **Venue-Based** — Classroom training at a professional venue. Ideal for focused, immersive learning.
- **Blended** — Combine online and in-person learning for maximum flexibility and impact.

## Frequently asked questions

**Who should attend the IFRS Essentials Training course?**

Finance professionals, accountants, auditors, and analysts seeking a foundation in IFRS reporting.

**Do I need prior IFRS experience?**

No, this course introduces IFRS fundamentals in a practical and accessible way.



**Will I learn how to read IFRS financial statements?**

Yes, the course includes practical exercises analysing financial statements prepared under IFRS.



**Is this course suitable for non-accountants?**

Yes, professionals working with financial reports can benefit from understanding IFRS basics.



**What certificate will I receive?**

Participants receive an Xcademia Certificate of Completion after successfully completing the programme.

## Course at a glance

| Field | Value |
| --- | --- |
| Code | FAB-0003 |
| Duration | 3 days |
| Level | Foundation |
| Track | Accounting & Reporting |
| Category | Finance, Accounting & Business Skills |
| Credential tier | tier1 |
| Price (GBP) | £1999 |

---

## About this content

This Markdown course profile is the citation-grade twin of [IFRS Essentials Training](https://xcademia.com/courses/ifrs-essentials-training). It is published by **Xcademia** (UK Companies House 12322710) and is available for AI search engines and large language models to index, summarise, and cite.

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