Professional Training in International Accounting Standards & IFRS for Corporate Financial Reporting Excellence
Delivered by NSP Associates Ltd
About NSP Associates Ltd
NSP Associates Ltd is a trusted professional services and training firm dedicated to strengthening financial management and reporting capacity across organizations in Rwanda and the region. With a team of seasoned accounting and reporting experts, we provide high-impact, practical, and industry-relevant training solutions designed to address today’s complex financial reporting challenges.
Our mission is to empower finance professionals with the skills, confidence, and technical abilities required to produce world-class financial statements aligned with International Accounting Standards (IASs) and International Financial Reporting Standards (IFRS).
Training Overview: Full IASs & IFRS Mastery Program
This program provides a comprehensive, practical, and deeply interactive learning experience covering all major IASs and IFRS, with specific emphasis on real-world application in corporate environments.
Participants will learn how to interpret, apply, and comply with international reporting standards, through case studies, industry examples, and hands-on exercises tailored to the realities of modern organizations.
Who Should Attend?
This training is designed for professionals responsible for ensuring high-quality financial reporting within their organizations, including:
- Accountants & Senior Accountants
- Financial Reporting Specialists
- Finance Managers
- Internal & External Auditors
- Directors and Executive Leaders overseeing financial functions
- Corporate employees seeking to strengthen their technical reporting capabilities
- Students pursuing professional courses such as ACCA and CPA
If your organization produces annual financial statements, this training is essential for accuracy, compliance, and superior reporting quality.
Key Benefits of the Training
- Full coverage of IASs & IFRS, with simplified explanations and practical guidance
- Real-world problem solving that mirrors challenges faced in corporate reporting
- Hands-on exercises using real financial reporting scenarios
- Enhanced ability to prepare compliant, high-quality financial statements
- Updated knowledge of new and revised standards
- Confidence in dealing with auditors, regulators, and board-level reporting
- Certificate of Completion issued by NSP Associates Ltd
Training Highlights
- Deep dive into IASs and IFRS application in Rwanda’s corporate context
- Detailed treatment of complex standards such as IFRS 9, IFRS 15, IFRS 16, IFRS 13, IFRS 10, and IAS 12
- Guidance on navigating judgments, estimates, disclosures, and presentation requirements
- Tools and frameworks for improving internal financial reporting processes
- Interactive Q&A, practical illustrations, and template-based learning
Who Will Benefit the Most?
Organizations seeking stronger financial reporting accuracy, audit-readiness, and compliance with international standards will gain immediate value.
This program is particularly impactful for companies preparing annual reports, undergoing audits, or experiencing rapid growth requiring upgraded reporting systems.
Training Time-table
|
Day |
IAS / IFRS Topics Covered |
Key Learning Outcomes |
|---|---|---|
|
Day 1 |
Introduction to IFRS Framework IAS 1 – Presentation of Financial Statements IAS 7 – Statement of Cash Flows |
• Understand IFRS structure and conceptual framework. • Prepare compliant financial statements (balance sheet, P&L, equity statement). • Apply direct & indirect cash flow methods. • Identify presentation and disclosure requirements. |
|
Day 2 |
IAS 2 – Inventories IAS 8 – Accounting Policies, Changes in Estimates & Errors IAS 10 – Events After Reporting Date |
• Measure and value inventories correctly. • Apply policies consistently and handle errors and estimates. • Distinguish adjusting vs. non-adjusting events.• Improve financial statement reliability and comparability. |
|
Day 3 |
IAS 12 – Income Taxes IAS 20 – Government Grants IAS 21 – Effects of Changes in Foreign Exchange Rates |
• Calculate deferred and current tax using temporary differences. • Recognize and present government grants correctly. • Apply foreign currency translation for monetary and non-monetary items. • Understand functional vs. presentation currency. |
|
Day 4 |
IAS 16 – Property, Plant & Equipment IAS 23 – Borrowing Costs IAS 40 – Investment Property |
• Apply cost vs. revaluation model for PPE. • Capitalize eligible borrowing costs. • Differentiate investment property from owner-occupied assets. • Measure and disclose fair value changes. |
|
Day 5 |
IAS 36 – Impairment of Assets IAS 37 – Provisions, Contingent Liabilities & Contingent Assets IAS 38 – Intangible Assets |
• Perform impairment tests and calculate recoverable amounts. • Identify and measure provisions using best estimates. • Distinguish between identifiable intangible assets and goodwill. • Apply recognition and amortization rules. |
|
Day 6 |
IAS 19 – Employee Benefits IAS 24 – Related Party Disclosures IAS 26 – Accounting for Retirement Benefit Plans |
• Account for short-term, post-employment, and defined benefit obligations. • Identify and disclose related party transactions. • Understand reporting for pension and retirement benefit plans. |
|
Day 7 |
IFRS 13 – Fair Value Measurement IFRS 5 – Non-Current Assets Held for Sale IFRS 8 – Operating Segments |
• Apply fair value hierarchy (Level 1–3). • Classify and measure held-for-sale assets and discontinued operations. • Determine operating segments and required disclosures. |
|
Day 8 |
IFRS 9 – Financial Instruments (Classification & Measurement, Impairment, Hedge Accounting) |
• Classify financial assets and liabilities (AC, FVOCI, FVTPL). • Apply Expected Credit Loss (ECL) models. • Account for derivatives and hedging relationships. • Strengthen risk management reporting. |
|
Day 9 |
IFRS 15 – Revenue from Contracts with Customers IFRS 16 – Leases (Lessee & Lessor Accounting) |
• Apply the 5-step revenue recognition model. • Identify performance obligations and allocate transaction price. • Account for right-of-use assets and lease liabilities. • Determine lease classification and disclosure requirements. |
|
Day 10 |
IFRS 3 – Business Combinations IFRS 10 – Consolidated Financial Statements IFRS 11 – Joint Arrangements IFRS 12 – Disclosure of Interests in Other Entities |
• Apply acquisition method and measure goodwill. • Prepare group financial statements and eliminate intercompany transactions. • Distinguish joint operations vs joint ventures. • Provide detailed disclosures for subsidiaries and structured entities. • Wrap-up, case studies, and assessment. |
Training fees
RWF 750,000 VAT inclusive per participant. Training Venue is Dove Hotel opposite ULK
Day time program: 9h00AM-5h00 PM
Evening time: 5h00 PM to 8h30 PM until planned course is completed
Weekend Program: 9h00-12h00 PM until planned course is completed
Register Your Team Today
Build a skilled financial reporting team capable of producing accurate, transparent, and internationally compliant financial statements.
📞Contact: +250788356558
📧Email: info@nsp.rw
🌐Website:www.nsp.rw
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