International Financial Reporting Standards

This course is designed for financial accountants and controllers wanting a detailed understanding of international standards of the International Accounting Standards. Auditors, Analysts and interpreters of IAS/IFRS financial statements will also benefit greatly from the course and this course will also be of particular benefit to accountants moving into a financial accounting role from other fields.

Learning Objectives:

At the end of this session, participants will be able to:

• Demonstrate an in-depth working knowledge of the new ‘world standard’ of financial reporting.

Course Outline

• Introduction
• Concepts and presentation
• The IASB conceptual framework
• IAS 1 - presentation of statements
• IAS 10 - events after balance sheet
• IFRS 5 - assets held for sale and discontinued operations
• IAS 7 - cash flow statements
• Policies and revenue
• IAS 8 - accounting policies
• IAS 18 - revenue
• IAS 11 - construction contracts; revenue and work-in-progress
• Inventory and property, plant and equipment
• Group Account and International Standards