Duration 4 days
100% positive reviews
0 student
Assessments: Yes
Language English
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Skill level: All levels
In the dynamic world of agriculture, adhering to International Financial Reporting Standards (IFRS) is essential for transparent financial management and reporting. The IFRS for Agricultural Businesses course is designed to equip finance professionals in the agriculture sector with the skills necessary to navigate the complexities of IFRS, particularly in areas such as biological assets and agricultural produce. Over the course of 4 days, participants will gain insights into key standards like IAS 41 for agriculture and IFRS 15 for revenue recognition from agricultural produce. With a course fee of ₦250,000, this training will empower participants to enhance their financial reporting practices, ensuring compliance and fostering sustainable growth in their organizations.
Description
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The agricultural industry presents unique challenges in financial reporting, from valuing biological assets to recognizing revenue from the sale of crops and livestock. This course offers a comprehensive examination of the application of key IFRS standards specifically tailored for agricultural operations. Participants will learn how to apply IAS 41 to measure and report on biological assets, understand the implications of revenue recognition under IFRS 15, and navigate the complexities of agricultural produce valuation. By the end of this course, finance professionals in the agricultural sector will be better prepared to ensure compliance with global financial regulations and contribute to strategic financial planning.
This course is ideal for accountants, financial managers, controllers, auditors, and CFOs in agricultural organizations. It caters to both experienced professionals and those new to IFRS in the agricultural context.
Course Objectives
By the end of this course, participants will be able to:
Apply IAS 41 to measure and report biological assets and agricultural produce accurately.
Understand the principles of revenue recognition under IFRS 15 as they relate to agricultural sales.
Implement effective accounting practices for agricultural inventories under IAS 2.
Evaluate financial instruments and risk management relevant to agricultural businesses under IFRS 9.
Analyze and prepare financial statements in compliance with IFRS, ensuring accurate representation of the agricultural business.
Stay updated on recent IFRS developments impacting the agricultural sector.
Personal Impact
Acquire a deep understanding of IFRS standards critical to agricultural businesses, enhancing your financial knowledge and expertise.
Equip yourself with the skills to ensure compliance with international financial regulations, positioning yourself as a valuable asset to your organization.
Improve your ability to manage and report on biological assets, which are fundamental to agricultural operations.
Enhance your understanding of revenue recognition for various agricultural products, ensuring accurate financial reporting.
Become a knowledgeable professional in the agricultural sector, ready to tackle financial challenges in a rapidly evolving industry.