IFRS: Accounting for Expenditure

This course will enable you to

• Understand the complexity of IAS 37 and make sound judgements when accounting for provisions, contingent liabilities and assets
• Deal competently with the enormous sums often involved in employee benefits and pensions whether under IAS 19 or IAS 26
• Navigate your way through the maze of accounting for taxes on income outlined in IAS 12

About the course

Expenditure has a significant impact on an organisation's financial success, often accounting for half of its overall profitability, and so accounting for its impact is a key part of performance measurement. The trouble is that it is fraught with difficulties as well.

This course will guide you through the International Financial Reporting Standards (IFRSs) related to expenditure. You'll learn about the pitfalls involved in making judgements concerning provisions and contingencies under IAS 37, make sound decisions when dealing with employee benefits and retirement benefit plans, whether under IAS 19 or IAS 26, and be confident about your decisions in the high risk areas of accounting for taxation on income under IAS 12.