About Course
This course provides a practical and in-depth understanding of Financial Reporting under IFRS/IAS, designed to develop you into a confident and competent Accounts Manager. You will learn how to prepare, analyze, and present financial statements in compliance with international standards, with clear explanations of key IFRS/IAS requirements and their real-world application.
Course Content
Conceptual Framework for Financial Reporting
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The objective of general purpose financial reporting
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Qualitative characteristics of useful financial information
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Financial statements and the reporting entity
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Elements of financial statements – Asset, Liability, Equity, Income & Expense
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Recognition & Derecognition
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Measurement principles
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Presentation & disclosure
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Concept of capital and capital maintenance
IAS 1: Presentation of Financial Statements
IAS 7: Statement of Cash Flows
IAS 8: Accounting Policies, Changes in Accounting Estimates and Errors
IAS 24: Related Party Disclosures
IFRS 15: Revenue from Contracts with Customers
IAS 16: Property, Plant and Equipment
IFRS 5: Non-current Assets Held for Sale and Discontinued Operations
IAS 36: Impairment of Assets
IFRS 13: Fair Value Measurement
IAS 40: Investment Property
IAS 2: Inventories
IFRS 16: Leases
IAS 37: Provisions, Contingent Liabilities and Contingent Assets
IAS 38: Intangible Assets
IAS 23: Borrowing Costs
IAS 19: Employee Benefits
IAS 20: Accounting for Government Grants and Disclosure of Government Assistance
IFRS 2: Share Based Payment
IAS 21: The Effects of Changes in Foreign Exchange Rates
IAS 33: Earnings Per Share
IAS 12: Income Taxes
IAS 10: Events After the Reporting Period
IFRS 8: Operating Segments
IFRS 11: Joint Arrangements
IFRS 3: Business Combinations
IAS 27: Separate Financial Statements
Final Project 1 – Prepare complete financial statements
IFRS 10: Consolidated Financial Statements
Final Project 2 – Prepare consolidated financial statements for a Group of Companies
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