Members Price - €210Benefits: Over one full day, it will cover the major changes between current Irish/UK standards and the FRS as well as providing illustrative examples of how the standard will be applied in practice so that both preparers and users of non-listed companies are able to understand the major changes from existing national standards. Course Content: Content and Illustrative Financial Statements Presentation of Financial Statements · Statement of Financial Position · Statement of Comprehensive Income and Income statement · Statement of Changes in Equity and Statement of Retained Earnings · Statement of Cash Flows Notes to the Financial Statements · Purpose, structure, disclosure of accounting policies · Judgments and key sources of estimation uncertainty Accounting policies, estimates and errors Foreign currency standards · Foreign currency translation Statement of Financial Position standards · Property, plant and equipment · Impairment of assets · Leases · Income tax Learning Outcomes: Delegates will be able to gain a reasonable knowledge of the major issues in the standard and thus be better prepared to commence the work in getting themselves ready to switch from local SSAPs/FRSs to the new rules. Who should attend? The standard will apply to all financial statements in the Republic of Ireland with the exception of listed companies so all financial controllers, directors and users of financial statements need to be able to be aware of the differences between the new standard and existing SSAPs/FRSs and should attend.
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