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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.
Look inside
Contents
- Provisions
- Expenditure – the basics
- IAS 37 explained
- Objectives and scope of IAS 37
- Key definitions
- Provisions and other types of liability
- Complying with the rules
- Contingent liabilities and assets
- Establishing and changing provisions
- Margin for error
- Disclosure requirements
- Employee benefits
- IAS 19 and employee benefits
- Objectives and scope of IAS 19
- Key definitions
- Two types of plan
- Defined contribution plans
- Defined benefit plans
- The impact of actuarial assumptions
- Calculating for settlements
- Measuring plan assets
- Avoiding the pitfalls of employee benefits
- The necessary disclosures
- Retirement benefit plans
- IAS 26 and the pension fund perspective
- Objectives and scope of IAS 26
- Defined contribution plans
- Defined benefit plans
- Present values
- Actuarial present values
- Presenting financial statements
- A simple financial statement
- Disclosures
- Income taxes
- Taxes due on corporate income
- Objectives and scope of IAS 12
- Key definitions
- Deductible temporary differences
- Current and deferred tax liabilities and assets
- The complications of deferred tax assets and liabilities
- Recognising current and deferred tax
- Presenting tax assets and liabilities
- Disclosures
How it works
Reviews
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Access to this course | ||||
Total CPD unitshourshours | 4 unitshourshours | 21 units20 hours21 hours | 800+ unitshourshours | 800+ unitshourshours |
Access period | 120 days | 120 days Access to end 2025 | 12 months | 12+ months |
Audit-proof CPD completion certificate | ||||
Immediate access to our entire CPD catalogue | ||||
Exclusive news and CPD every week plus monthly webinars, all year round | ||||
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Use CAI101 for 10% off any purchase.