IFRS: Key Accounting Policies and Other Reporting Considerations
This course provides a holistic approach to developing accounting policies that are coherent and faithful. It draws in diverse elements of the IFRS framework to present a full image of well written financial statements.
£150 +VAT
IFRS: Key Accounting Policies and Other Reporting Considerations
£150 +VAT
365 days’ access
IFRS: Key Accounting Policies and Other Reporting Considerations
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This course will enable you to
- Review and develop holistic and coherent accounting policies
- Get to grips with all the key standards on accounting policies: IAS 8, IAS 21, IAS 10 and IAS 24
- Know how to handle events after the reporting period
- Understand how accounting foreign exchange might potentially impact on both the statement of financial position and the statement of comprehensive performance
- Prepare financial statements on a going concern basis
- Familiarise yourself with IFRS 13 and its influence on other standards
About the course
This course provides a holistic approach to developing accounting policies that are coherent and faithful. It draws in diverse elements of the IFRS framework to present a full image of well written financial statements.
Now with a new module on IFRS 13: Fair Value Measurement, as well as video interviews with the authors and additional case studies, the course begins by looking in detail at the main source of guidance on accounting policies – IAS 8. It then takes you through other key issues in reporting including how to deal with foreign exchange transactions, how to handle events after the reporting date , related party transactions and measuring fair value.
Contents
Changes in policies
IAS 8 explained
Objective, scope and key definitions
Selecting accounting policies
Changing accounting policies
Changes in accounting estimates
Errors
Sources of confusion in IAS 8
Foreign exchange
IAS 21 explained
Objective, scope and key definitions
Functional currency in foreign operations
Accounting for functional currency
Exchange differences
Translating to the presentation currency
Events after the reporting date
IAS 10 explained
Objective, scope and key definitions
Spotting events after the reporting date
Adjusting events
Non-adjusting events
No longer a going concern
Disclosures
Related parties
IAS 24 explained
Objective, scope and purpose
Related parties
Related party transactions
Disclosures
Related party transactions in practice
Fair value
Objective, scope and key definitions
Defining fair value
Measuring fair value
The hierarchy
Disclosures concerning fair value
Other types of reporting
Other types of reporting explained
IFRS 8: Objective, scope and key definitions
IFRS 8: Disclosures
IAS 34: Objective, scope and key definitions
IAS 34: Condensed financial statements
IAS 34: Disclosures
IAS 33: Objectives and scope
IAS 33: Basic measurements, calculations and disclosures
Author
Wayne Bartlett
Wayne is an internationally acclaimed speaker and trainer on all aspects of public and private sector accounting and auditing standards. He has been instrumental in helping to develop the profession internationally and has taken lead roles in the development of new professional bodies and the accounting profession in Mozambique and Rwanda, and been extensively involved in developing financial reporting in many countries across the globe.
18 reviews for IFRS: Key Accounting Policies and Other Reporting Considerations
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Valda Lipine –
Great course. A reminder of all key topics of SBR (ACCA). Quick and easy to understand.
Rishi Sharma –
A relevant course!
Sabrina Gilioli –
I found this course clear and helpful. I liked the set up and the use of videos. It was a good way to remind myself of standards I very rarely use in my day to day work enviroment
Dolly Selolwane –
It was easier to understand the course even though I feel we should have more videos for explaining.
Ciaran Cormican –
Pitch perfect
Ria Narinesingh –
EXCELLENT COURSE
Emma Quinn –
Quite a lot covered in this course, but the examples provided for each IFRS proved quite useful for practical application.
Nadia Begum –
Too much reading and less demonstration
Tariq Hussain –
knowledge base increased
Ci Hui Ong –
useful to my career
Sandra Bell –
Great review very worthwhile
Mark Quinn –
.
David Quartey –
It highlighted reporting requirements of the IFRS
Malgorzata Tarchala –
very good update and overview of a few major standards
Guy Gracey –
Suresh Panakaduwa –
It refreshed my knowledge about IAS 34 and IFRS 8 which are not applied for a long time.
Pascaline Sefawe –
Carmela Pastore –
Good overview of all the key points of each topic