Accounting Estimates, Judgments & Reporting Uncertainty under IFRS

Many financial statement amounts cannot be determined from invoices, contracts, or transaction records alone. Accountants regularly need to work with estimates and judgments when dealing with impairment, provisions, useful lives, expected credit losses, fair values, uncertain outcomes, and other reporting matters. This programme focuses on the practical accounting work involved in making, updating, documenting, and reporting estimates and judgments under IFRS. Participants will work with realistic year-end situations involving incomplete information, changing assumptions, estimation uncertainty, and alternative accounting treatments. The emphasis is on producing estimates that are supportable, updating them when circumstances change, and ensuring that significant judgments and uncertainties are properly reflected in financial reporting.