Booking with a Training Ticket
Once you have booked your course, you will receive an email with your booking confirmation. The steps you will need to follow to access your online course will arrive in a separate email within 48 hours of your order being processed
Please be aware that participants will have access to this course for120 days from the date of receiving access via email notification
Course Overview
This course explains the design of financial statements
within International Financial Reporting Standards (IFRS) and considers their
key components, as well as what each statement is trying to achieve. You will
recognise the information that needs to be included as well as the concepts of fair presentation, accruals and going concern, building to a full understanding of the core framework into which the IFRSs fit.
The aims of IFRS
- What is the significance of general purpose financial
statements?
- What is IFRS aiming to achieve?
- What are the basic principles underlying the IFRS
regime?
- Is there an IFRS for all possible scenarios?
- What are the key financial statements included in
IFRS?
- How important are the disclosure notes?
General rules
- What does IAS 1 say about the purpose of financial
statements?
- What information must be included in the financial
statements?
- What does "fair presentation" mean?
- What does "accruals" mean?
- What is the "going concern" concept?
The statement of financial position
- What is the statement of financial position trying to
achieve?
- How are assets and liabilities defined?
- What information must be included in the statement of
financial position?
- How does the statement of financial position actually
work?
- What is the impact of the distinction between current
and non-current assets and liabilities?
- What is the situation with current liabilities?
- What is the situation with disclosures?
The statement of comprehensive income
- What is the statement of comprehensive income trying
to achieve?
- What is the relevance of minority interest?
- What are the various types of income included in the
statement of comprehensive income?
- What information on comprehensive income can be
included?
- What is the "nature of expense" and the "function of expense" method?
Other financial statements and disclosure notes
- What is the purpose of the statement of changes in
equity?
- What is the purpose of the statement of cash flows?
- What do we mean by operating, investing and financial
activities?
- What is general structure of the statement of cash
flows?
- What does IAS 1 say about the structure of the notes?
- What are the rules relating to the disclosure of
accounting policies in the financial statements?
- What is meant by "sources of estimation uncertainty"?
- What does IAS 1 say about capital?
Contact Us
If you have any questions regarding this or any other CPD course or requirements, please feel free to contact the team here or call us at
(+353) 01 523 3930
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