IFRS: key accounting policies other reporting considerations
Get to grips with all the key standards on accounting policies: IAS 8, IAS 21, IAS 10 and IAS 24.
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Course Type
E-learning
Length
3 - 5 hours
What you’ll achieve
- Review and develop holistic and coherent accounting policies.
- Get to grips with all the key standards on accounting policies: IAS 8, IAS 21, IAS 10 and IAS 24
- Know how to handle events after the reporting period.
- Understand how accounting foreign exchange might potentially impact on both the statement of financial position and the statement of comprehensive performance.
- Prepare financial statements on a going concern basis.
- Familiarise yourself with IFRS 13 and its influence on other standards.
About this course
This course provides a holistic approach to developing accounting policies that are coherent and faithful. It draws in diverse elements of the IFRS framework to present a full image of well written financial statements.
Overview
E-learning |
|
3 - 5 hours |
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IFRS |
Syllabus
Changes in policies
- IAS 8 explained
- Objective, scope and key definitions
- Selecting accounting policies
- Changing accounting policies
- Changes in accounting estimates
- Errors
- Sources of confusion in IAS 8
Foreign exchange
- IAS 21 explained
- Objective, scope and key definitions
- Functional currency in foreign operations
- Accounting for functional currency
- Exchange differences
- Translating to the presentation currency
Events after the reporting date
- IAS 10 explained
- Objective, scope and key definitions
- Spotting events after the reporting date
- Adjusting events
- Non-adjusting events
- No longer a going concern
- Disclosures
Related parties
- IAS 24 explained
- Objective, scope and purpose
- Related parties
- Related party transactions
- Disclosures
- Related party transactions in practice
Fair value
- Objective, scope and key definitions
- Defining fair value
- Measuring fair value
- The hierarchy
- Disclosures concerning fair value
Other types of reporting
- Other types of reporting explained
- IFRS 8: Objective, scope and key definitions
- IFRS 8: Disclosures
- IAS 34: Objective, scope and key definitions
- IAS 34: Condensed financial statements
- IAS 34: Disclosures
- IAS 33: Objectives and scope
- IAS 33: Basic measurements, calculations and disclosures
How to access
You will be directed to an external site to complete purchase and VAT will be applied at checkout.
