This course will enable you to
- Find out about the core aspects of financial reporting under IFRS
- Understand the importance of IFRS and the role of The International Accounting Standards Board (IASB)
- Get to grips with the standards and how they are applied in practice, including accounting for assets and liabilities
- Understand the IFRS framework and how it relates to other local standards
- Refresh your knowledge and understanding of IFRS
About the course
Companies all over the world account under International Financial Reporting Standards (IFRS) so as an accountant it's important to have a grasp on these standards and how they are applied.
Whether you're looking for a refresher or just want to familiarise yourself with IFRS, this course provides an overview of IFRS and how to report under these standards. Not only will you learn about the IFRS regulatory framework, fundamental accounting concepts, and developing accounting policies, you'll also explore how to account for assets, liabilities, income, and expenses.
Look inside
Contents
- An introduction to the IFRS regime
- What is IFRS?
- IASB and the IFRS Standards
- The IFRS for SMEs
- Not for everyone?
- Global adoption of IFRS
- IFRS financial statements
- Explaining accounting policies
- IAS 8 and accounting policies
- Formatting financial statements
- Presentation of financial statements
- The statement of financial position
- The statement of profit or loss and other comprehensive income
- The statement of changes in equity
- The statement of cash flows
- Accounting for assets
- Understanding assets
- Assets - definitions and concepts
- Property, plant and equipment
- Measurement subsequent to initial recognition
- Intangible assets
- Measuring and categorising intangible assets
- Understanding impairment
- The impairment of assets
- Current assets
- Accounting for liabilities
- Liabilities and provisions
- Definitions and concepts
- Provisions, contingent liabilities and contingent assets
- Contingent assets
- Specific types of provision
- A new standard for leasing
- Leasing
- Financial liabilities
- Accounting for revenue and discontinued operations
- Definitions and concepts
- Revenue recognition
- The importance of revenue recognition
- Recognising revenue over time
- Discontinued operations
- Presenting discontinued operations
How it works
Author
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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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