Duration 4 days
100% positive reviews
0 student
Assessments: Yes
Language English
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Skill level: All levels
Healthcare organizations, from hospitals to pharmaceuticals, face complex financial reporting challenges that differ from many other industries. The IFRS for Healthcare Organizations course is specifically designed to address these challenges, ensuring accurate and compliant financial reporting within this critical sector. Covering standards such as IFRS 15 (Revenue from Contracts with Customers) for patient services and IAS 16 (Property, Plant, and Equipment) for medical equipment, this 4-day course provides in-depth insights tailored to healthcare professionals. With a course fee of ₦250,000, participants will leave equipped with the knowledge to handle the financial intricacies of healthcare organizations with confidence.
Description
Curriculum
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The healthcare sector is one of the most complex industries, especially when it comes to financial reporting. This course focuses on the application of key IFRS standards to healthcare organizations, covering everything from revenue recognition on patient services and pharmaceutical sales to the accounting for medical equipment and research costs. Participants will learn to apply standards like IAS 16 for capital-intensive healthcare assets, IFRS 9 for managing financial instruments, and IAS 38 for intangible assets like patents and drug development costs. This course ensures that finance professionals in the healthcare industry understand the full breadth of IFRS compliance, allowing them to produce transparent, accurate, and globally compliant financial reports.
This course is ideal for accountants, financial managers, controllers, auditors, and CFOs working within hospitals, healthcare systems, pharmaceutical companies, and other healthcare-related organizations. It is suitable for both seasoned professionals and those looking to expand their knowledge of IFRS.
Course Objectives
By the end of this course, participants will be able to:
Apply IFRS 15 to recognize revenue from patient services, pharmaceutical sales, and healthcare contracts.
Implement IAS 16 to account for capital assets like medical equipment, buildings, and healthcare infrastructure.
Understand IAS 38 for accounting for intangible assets such as patents, drug developments, and R&D costs.
Apply IAS 2 for inventory management in pharmaceuticals, medical supplies, and related services.
Use IFRS 9 to manage financial instruments, including healthcare bonds and funding.
Implement IAS 37 for provisions related to healthcare liabilities, including malpractice claims and warranties.
Understand the most recent IFRS updates impacting the healthcare sector, including regulations on revenue recognition and lease accounting.
Personal Impact
Master IFRS standards critical to healthcare organizations, enhancing your ability to manage financial reporting effectively.
Gain the skills to ensure compliance with global financial regulations, making you an asset to your organization.
Improve your ability to recognize revenue, manage large healthcare assets, and account for complex healthcare contracts.
Stay updated on the latest IFRS developments, positioning yourself as a forward-thinking financial professional in the healthcare industry.
Elevate your role in strategic financial decision-making by understanding the unique financial aspects of healthcare operations.