Analysis of Differences Between Tax and IFRS Accounting

About the Course:

The course covers a detailed analysis of all significant differences between tax accounting and IFRS standards. Throughout the course, we will discuss highly relevant topics on how to maintain accounting records under IFRS and subsequently align them with tax legislation. During the program, we will thoroughly examine problematic and complex issues, such as:

• Issues related to equity and dividends;
• Inventories – shortages, received credit notes, production, free-of-charge transfers, and write-offs;
• Property tax – accounting principles for property, plant, and equipment (PPE);
• Revenue – free-of-charge supplies, consignment agreements, accounting for bonus points, deferred revenue, and issued credit notes;
• Capitalization of borrowing costs into property, plant, and equipment.

Upon Completion of the Course, You Will:

• Receive detailed information regarding all major differences between tax and IFRS accounting.
• Be able to analyze transactions within your company and establish the right accounting policies to ensure compliance with both tax and IFRS principles and requirements.

Advantages of Our Training:

The number of participants per group is limited to 15, which allows attendees to fully engage in discussions and bring forward their own professional challenges. The training is unique as it is based on the analysis and breakdown of real cases from companies operating in Georgia, helping participants apply their newly acquired knowledge directly to their daily work.

Target Audience:

This advanced IFRS course is designed for experienced accountants, financial professionals, auditors, and reporting specialists.

Your Trainer

Vladimer Bezhashvili

Managing partner

Tamar Chkhatarashvili

Managing Parner