This course is designed to develop knowledge and skills in understanding and applying accounting standards and the theoretical framework in the preparation of financial statements of entities, including groups and how to analyse and interpret those financial statements. We will take a look at some of the more complex International Accounting Standards (IAS) as well as the International Financial Reporting Standards (IFRS). This 5-day workshop will deliver update to date IFRS reporting requirements covering the standards in a practical, technical and commercial basis, with the inclusion of real life company challenges.
Introduction, History and Overview of Existing and Future Standards
Roles of the Various Accounting Standards Setting Bodies
Framework, Demand and Adoption of IFRS
Objectives and Structure of the IASB
Presentation of financial statements (IAS 1)
Statement of cash flows (IAS 7)
Accounting policies, changes in accounting estimates and errors (IAS 8)
Aaw23
Events after the reporting period (IAS 10)
Operating segments (IFRS 8)
Related party disclosures (IAS 24)
Interim financial reporting (IAS 34)
Inventories (IAS 2)
Property, plant & equipment (IAS 16)
Borrowing costs (IAS 23)
Intangible assets (IAS 38)
Investment property (IAS 40)
Impairment of assets (IAS 36)
Revenue from Contracts with Customers [IFRS 15]
Leases (IFRS 16)
Employee benefits (IAS 19)
Provisions, contingent liabilities and contingent assets (IAS 37)
Share-based payment (IFRS 2)
Balance Sheet
Income Statement
Statement of Recognized Income and Expense
Cash Flow Statement
International Accounting and Diversity Considerations
Financial Analysis Tools and Techniques
Common Size Statements
Trend Analysis
Ratio Analysis
DuPont Analysis
Z Scores
Investment Ratios
Cash Flow Ratio
Peer Group and Industry Comparison
Corporate Governance and Awareness of IFRS Best Practice
Apply the International Financial Reporting Standards to key elements of financial reports
Interpret financial statements with better understanding and with improved commercial insight
Prepare IFRS compliant financial statements, including group account
Understand the recognition and measurement principles as delineated within the IASB’s Framework and comprehending their application within each accounting standard
Apply the transition process to IFRS and identifying the first-time exemption as well as exceptions relating to the financial statements of a transitioning organization
Examine accounting standards that either require or permit the use of fair value measurement
Determine fair value measurements and financial statement recognition issues and presentation
Find subjects you're passionate about by browsing our online course categories. Start
learning with top courses Built With Industry Experts.