COURSE OBJECTIVES: This course takes a detailed look at the International Financial Reporting Standards that relate to preparing a set of IFRS compliant financial statements in 2011. The IFRS presentation standards and disclosure standards will be reviewed in detail and real company financial statements will be used to illustrate the requirements.
In addition to exploring the current version of each standard, the course will provide an insight into anticipated amendments.
COURSE CONTENT
The IASB's Work Plan
- Financial crisis related projects
- IASB-FASB convergence projects
- IASB projects
Presentation Standards
- IAS 1 (2009): Presentation of financial statements
- Statement of total comprehensive income
- Statement of financial position
- Statement of changes in equity
- IAS 7: Statement of cash flows
- IFRS 5: Non-current assets held for sale and discontinued operations
- IAS 32: Financial Instruments - Presentation
Disclosure Standards
- IAS 10: Events after the reporting period
- IAS 24(2009): Related parties
- IAS 33: Earnings per share
- IFRS 7: Financial instruments - Disclosures
- IFRS 8: Operating segments
Current Developments
- IAS 1(2011): Presentation of items of OCI
- ED/2011/1: Offsetting
WHO SHOULD ATTEND
It is difficult for accountants to keep abreast of the requirements of IFRS given the pace of change over the past year and the number of significant changes yet to come. The course is suitable for those involved in the preparation of IFRS compliant financial statements who want to review the standards and ensure that their knowledge is up to date.
The course is also relevant for those who currently prepare financial statements under other accounting frameworks and wish to explore the differences in the requirements under IFRS.
Would you like this course run in-house? Call us on 0207 566 8207 to find out more