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IFRS Updates 2026: Navigating New Standards According SOCPA for Saudi Entities

An Interactive 5-Day Training Course

IFRS Updates 2026: Navigating New Standards According SOCPA for Saudi Entities

NASBA
Classroom Schedule
Date Venue Fees
04 - 08 Oct 2026 Riyadh $ 5,950
21 - 25 Mar 2027 Riyadh $ 5,950

Course Summary

The IFRS Updates 2026: Navigating New Standards According SOCPA for Saudi Entities training course provides professionals with a comprehensive understanding of the latest IFRS amendments effective in 2026 and their application within the Saudi regulatory environment. Participants gain insight into how international reporting standards interact with Saudi regulatory guidance, enabling organisations to strengthen compliance, maintain transparency, and produce high-quality financial reports aligned with local expectations.

Through focused exploration of financial reporting updates, implementation challenges, and disclosure requirements, participants learn how to assess the financial impact of new IFRS standards on financial statements and reporting practices. The IFRS Updates 2026: Navigating New Standards According SOCPA for Saudi Entities training course equips finance professionals with practical knowledge to apply updated standards confidently while ensuring alignment with SOCPA guidance and audit expectations.

Skills & Competencies

From this IFRS Updates 2026: Navigating New Standards According SOCPA for Saudi Entities training course, participants will develop below key skills and competencies:

  • IFRS update interpretation and application
  • Financial statement impact analysis
  • SOCPA-aligned reporting compliance
  • Accounting policy evaluation
  • Disclosure and transparency practices
  • Audit readiness and regulatory compliance

Key Learning Outcomes

At the end of IFRS Updates 2026: Navigating New Standards According SOCPA for Saudi Entities training course, you will learn to:

  • Understand the latest IFRS updates and amendments effective in 2026.
  • Interpret SOCPA requirements related to IFRS adoption in Saudi Arabia.
  • Apply new and amended IFRS standards within Saudi entities.
  • Assess the financial impact of IFRS updates on financial statements.
  • Prepare IFRS-compliant disclosures aligned with SOCPA guidance.

How You Will Learn

Participants will explore IFRS updates through structured explanations, financial examples, and guided analysis of reporting practices relevant to Saudi entities. Emphasis is placed on understanding practical implementation challenges, evaluating financial statement impacts, and strengthening compliance with SOCPA reporting expectations.

Who should Attend?

This training course provides finance professionals with insights into IFRS updates and their practical application within Saudi regulatory frameworks. It helps strengthen financial reporting accuracy, compliance, and transparency.

This IFRS Updates 2026: Navigating New Standards According SOCPA for Saudi Entities training course is suitable to a wide range of professionals but will greatly benefit:

  • Professional accountants and finance professionals
  • Certified Public Accountants
  • Chief Financial Officers (CFOs) and Finance Managers
  • Financial reporting and consolidation teams
  • Internal and external auditors
Course Outline
Day 1

IFRS Framework and Application in Saudi Arabia

This day introduces the IFRS framework and explores how international standards are implemented in Saudi Arabia through SOCPA guidance. Participants review the evolution of IFRS and the professional responsibilities involved in financial reporting. The topics covered will include:

  • Evolution of International Financial Reporting Standards
  • The IFRS Conceptual Framework
  • IFRS adoption in the Kingdom of Saudi Arabia
  • Role of SOCPA in IFRS implementation
  • Relationship between IFRS and Saudi accounting requirements
  • Professional responsibilities of management and accountants
  • Overview of IFRS updates effective in 2026
Day 2

Updates to Core IFRS Standards Affecting Financial Statements

This day examines recent amendments to key IFRS standards that affect financial statement presentation and disclosures. Participants analyse how updated requirements influence reporting practices and financial performance presentation. The topics covered will include:

  • Recent amendments to IAS 1 – Presentation of Financial Statements
  • Updates to IAS 8 – Accounting Policies and Estimates
  • Material disclosures and judgment-based reporting
  • Impact of amendments on financial performance presentation
  • Updates related to IAS 10 and IAS 12
  • SOCPA disclosure expectations
  • Common application issues in the Saudi market
  • Comparative analysis of financial statements before and after IFRS updates
Day 3

New and Amended Standards with Significant Financial Impact

This day explores IFRS standards that significantly affect financial reporting and financial performance. Participants review advanced applications and sector considerations relevant to the Saudi market. The topics covered will include:

  • IFRS 15 – Revenue Recognition: recent interpretations and applications
  • IFRS 16 – Leases: advanced practical issues
  • IFRS 9 – Financial Instruments: updates and implications
  • Sector-specific considerations in the Saudi environment
  • Advanced disclosure requirements
  • Practical Application: End-to-end accounting treatment for a Saudi case study
Day 4

Transition, Accounting Policies, and Financial Impact Assessment

This day focuses on the transition process when implementing IFRS updates and revising accounting policies. Participants examine the financial implications of changes and how they influence organisational financial performance. The topics covered will include:

  • Updating and documenting accounting policies
  • IAS 8 requirements for accounting changes
  • Retrospective vs. prospective application
  • Measuring the financial impact of IFRS updates
  • Impact on profits, equity, and key financial ratios
  • IAS 36 – Impairment of Assets
  • IAS 37 – Provisions, Contingent Liabilities, and Contingent Assets
  • Linkage between financial reporting and corporate governance
Day 5

Disclosure, Compliance, and Audit Readiness

This day addresses disclosure requirements, compliance expectations, and audit readiness for IFRS reporting. Participants review best practices for maintaining transparency and avoiding common audit observations. The topics covered will include:

  • IFRS and SOCPA disclosure requirements
  • Quantitative vs. qualitative disclosures
  • Enhancing disclosure quality and avoiding audit qualifications
  • Common audit observations in Saudi Arabia
  • Professional best practices
  • IFRS 2026 implementation roadmap for Saudi entities
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates.
  • Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers

Endorsed Education Provider

NASBA
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Finance & Budgeting
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NASBA

Customisation & In-House Delivery

Delivering this in-house training course enables organisations to align IFRS updates with internal accounting policies, reporting frameworks, and governance structures. Tailoring the content to organisational contexts allows finance teams to address real reporting challenges, strengthen compliance with SOCPA guidance, and improve financial transparency and decision-making across the organisation.

Why Choose Saudi GLOMACS?

Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.

Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.

Official Saudi Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

Trusted Across Sectors

Trusted by professionals and institutions across public and private sectors.

Flexible Delivery

Training courses delivered within Saudi Arabia and across international locations.

Additional Benefits of this course for Organisations and Professionals in Saudi Arabia

Organisations & Professionals in KSA will have the following additional benefits from this IFRS Updates 2026: Navigating New Standards According SOCPA for Saudi Entities training course:

  • Stronger IFRS and SOCPA alignment
  • Improved financial reporting transparency
  • Reduced audit and compliance risks
  • Better financial statement reliability
  • Enhanced regulatory readiness
  • Stronger corporate governance practices
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Frequently Asked Question

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

No. Our training courses are delivered globally through international locations and online platforms, enabling participants from Saudi Arabia and around the world to learn together. This global delivery approach ensures exposure to diverse perspectives, international best practices, and cross-cultural insights while maintaining strong relevance to regional and organisational needs.

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Yes, in-house and customised strategy training courses are available to support organisations seeking tailored strategic capability development. These courses can be aligned with your industry context, organisational challenges, and long-term strategic objectives.

For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email [email protected] . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars

If you would like further information about these training courses, our team is available to provide professional guidance and support. We are pleased to assist with course selection, the registration process, and any other related enquiries.

For personalised assistance or detailed enquiries, please contact our team on +966 (54) 286 8546 or email us at [email protected]

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