This course will enable you to
- 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 the course
Do you understand the fundamental principles underlying IFRS? Without a clear understanding of the essential background to the IFRS regime as a whole, it is impossible to fit the individual IFRSs into the bigger picture.
Now enhanced with additional case studies and video interviews with the author, 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. You will recognise the information that needs to be included as well as the concepts of fair presentation, accruals and going concern, building to a full understanding of the core framework into which the IFRSs fit.
Look inside
Contents
- 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 it works
Author
Reviews
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Why not upgrade?Find the best way to complete your CPD | CourseNeed just a few unitshourshours? | Pick n MixAll you need for this year's CPD. | LicenceAll you need for this year and more. | TeamKeep your whole team up to date. |
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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 | 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 | ||||
| Account manager on hand to support your team’s needs | ||||
| Learn more | Learn more | Learn more | ||
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