COURSE OVERVIEW

This practical and highly-interactive course includes various practical sessions and exercises. Theory learnt will be applied using the “MS Excel” application. 

 

This course is designed to provide participants with a detailed and up-to-date overview of the International Financial Reporting Standards (IFRS) and 2025 Amendments. It covers the importance of IFRS and its relevance for the agriculture and food sector; the conceptual framework of IFRS and key financial statements under IFRS; the regulatory environment and IFRS compliance in the UAE; the key amendments effective from 2025 and the scope of IAS 41, biological assets and agricultural produce and fair value measurement principles for agriculture; and the fair value measurement, property, plant and equipment and revenue from contracts with customers. 

 

During this interactive course, participants will learn the financial assets and liabilities and lease agreements in agriculture; the agricultural inventories including borrowing costs and insurance contracts; the consolidated financial statements and managing the transition to IFRS in agricultural enterprises; the new requirements for disclosure of subsidiaries and joint arrangements and the impact of sustainability reporting (ISSB integration); the impairment of assets and operating segments and financial statements with IFRS amendments; the financial disclosures, transparency and accountability issues and sustainability metrics in financial statements; the role of ERP systems in IFRS compliance; and the digital tools for managing fair value and impairment calculations.