IFRS: Key Accounting Policies and Other Reporting Considerations

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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.

£100 +VAT

4 CPD hours

120 days’ access

Use ACPD101 for 10% off any purchase.

IFRS: Key Accounting Policies and Other Reporting Considerations

£100 +VAT

4 CPD hours 120 days’ access
Use ACPD101 for 10% off any purchase.

IFRS: Key Accounting Policies and Other Reporting Considerations

This course is not currently available. To find out more, please get in touch.

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

How it works

Author

Wayne Bartlett

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.