International financial reporting standards (IFRS) are continually changing. More standardization and convergence is needed as thinking and practices change. International commercial activity requires companies to be familiar with IFRS standards. Financial professionals and accountants must keep up-to-date and ensure they have prepared financial statements that conform to international financial standards. This course will give you a complete overview of current IFRS standards and practices, as well as the procedures for the preparation and maintenance financial statements. This course covers many important topics for professionals working in financial accounting. This course covers understanding profit and loss statements, accounting financial statements, recognition, evaluation, and analysis of receivables. It also includes understanding long-term liabilities, balance sheet accounts, and analysis of balances. Participants will be asked questions, and provided with exercises to help them grasp the concepts. These exercises can be applied to a variety of business types. Participants will work in small groups to encourage knowledge sharing and exchange of experience.