IFRS in controlling

Realignment of controlling and harmonization of accounting under IFRS

IFRS basic know-how for controllers

• Fundamental differences between IFRS accounting and HGB.
• Principles and basic concepts of IFRS accounting and reporting.
• Management approach, asset/liability approach and fair value accounting.

Influence of IFRS on functions, areas and processes in controlling

• Planning, reporting and business analyses.
• Analysis and interpretation of IFRS balance sheets, statements of comprehensive income and cash flow statements.
• Control and analysis of value flows and key figures/KPIs under IFRS.

Individual IFRS topics from a controller's perspective, including

• Fundamentals of IFRS consolidated reporting.
• Revenue recognition in the standard product, service and project business (PoC method) in accordance with IFRS 15.
• Inventory valuation (IAS 2).
• Provisions, balance sheet risk provisions and value adjustments (including IAS 37 and IFRS 9).
• Leasing in accordance with IFRS 16.
• Treatment of research and development costs (IAS 38).
• Impairment test (IAS 36).
• Basic concept of deferred taxes (IAS 12).
• IFRS financial statement components and IFRS reporting (IAS 1 and new IFRS 18).
• Other significant differences to HGB accounting.
• IFRS Update: Overview of significant current changes and projects.