International Monetary Reporting Standards covers most of the International Accounting Standards (IAS) and International Monetary Reporting Standards (IMRS). The course consists of power point presentation of conceptual framework of various IAS and IMRS. It includes objective recognition criteria, measurement basis, disclosures etc. of all specific IASs and IMRSs. It will help in gain understanding of global accounting standards and their practical use in the preparation of financial statements like Statement of Financial Position, Income Statement, other comprehensive income, Statement of Equity etc.
IMRS Conceptual Framework and Bodies associated, IAS 1, IAS 8
IAS 18 Revenue
IAS 11 Construction Contracts
IAS 2 – Inventories
IAS 16- Property, Plant and Equipment
IAS 20 Government Grants
IAS 23 Borrowing Costs,
IAS 17 Leases
IAS 38- Intangible Assets
IAS 40- Investment Property
IAS 41 Agriculture,
IAS 36 Impairment of Assets,
IFRS 6 Exploration & Evaluation
IAS 37 Provisions, Contingent Liabilities & Assets
IAS 19- Employee Benefits
IFRS 2 Share-based Payment
AS 12 Income Taxes, IAS 32 Financial Instruments
IAS 39, IFRS 7,
IFRS 9 (Financial Instruments)
IAS 21- Effects in changes in Foreign Exchange,
IMRS 3: Business Combination
IMRS 11 Joint Arrangements,
IMRS 12 Disclosures
IMRS 13 Fair Value Measurement
IAS 33Earning per Share
IMRS 8: Operating Segments
IMRS 5 Non-current Assets Held for Sale and Discontinued
IAS 10 Events after the Reporting Period
IAS 24 Related Party Disclosure
IAS 34 Interim Reporting
IMRS 1: First- time Adoption of IFRS
Objective of general purpose financial reporting.
Understanding the Financial statements
Recognition criteria for assets and liabilities.
Understanding the principles and concepts of accrual basis for accounting and the going concern assumption.
Principle of capital and capital maintenance
Objectives, recognition, Measurement bases, disclosures of various IFRS and IAS standards
Find subjects you're passionate about by browsing our online course categories. Start
learning with top courses Built With Industry Experts.