IFRS: the structure of financial statements
Understand the design of financial statements within International Financial Reporting Standards (IFRS) and consider their key components.
Partner products listed exclude VAT. You will be directed to an external site to complete purchase and VAT will be applied at checkout.
For your AAT exclusive discount apply AAT30 at partner checkout for an exclusive 30% off. Offer ends 6 January 2025.
Course Type
E-learning
Length
3 - 5 hours
What you’ll achieve
- Understand the principles and aims of the IFRS regime.
- Comprehend the general rules regarding financial statements prepared under IFRS.
- Gain an overview of the reports.
About this course
This course explains the design of financial statements within International Financial Reporting Standards (IFRS) and considers their key components, as well as what each statement is trying to achieve.
Overview
E-learning |
|
3 - 5 hours |
|
IFRS |
Syllabus
The aims of IFRS
- What is IFRS?
- General purpose financial statements
- IFRS regime: Basic principles
- Key financial statements
- Changes to IFRS
- Overcoming barriers
General rules
- Moving to IFRS
- The purpose of financial statements
- Information that must be included
- The going concern concept
- The financial statements under IFRS
The statement of financial position
- The statement of financial position explained
- Statement of financial position: The aims
- Information in the statement of financial position
- Current and non-current assets
- Current and non-current assets and liabilities
- Current liabilities
- Disclosures
The statement of comprehensive income
- The statement of comprehensive income explained
- Statement of comprehensive income
- Non-controlling interest
- What is comprehensive income?
- Types of income included
- Challenges to overcome
Other financial statements and disclosure notes
- Other financial statements explained
- The statement of changes in equity
- The statement of cash flows
- Structure of the statement of cash flows
- Disclosure notes explained
- Structure of the notes
- Accounting policies in the financial statements
- Sources of estimation uncertainty
- IAS 1 and capital
- Operating, investing and financing activities.
How to access
You will be directed to an external site to complete purchase and VAT will be applied at checkout.
