IFRS: Key Accounting Policies and Other Reporting Considerations


The IFRS framework gives detailed guidance on a number of issues to do with key accounting policies.

This course is provided by a third party provider accountingcpd.net and the fee charged is exclusive of VAT. 

Venue details:  
Online EU, ,
Start date & time:  
01 January 2019 00:00
End date & time:  
01 January 2022 00:00
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Training ticket cost:  
3.50 Training Tickets accepted
CPD hours:  
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AccountingCPD. net


Product type:  
CPD online course
AccountingCPD.net, Financial reporting

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 looks in detail at the main source of guidance on accounting policies – IAS 8. In addition, the course takes you through other key issues in reporting including how to deal with foreign exchange transactions, what to do when events affect the financial statements after they have been finalised and related party transactions.

IAS 8 – Accounting Policies, Changes in Accounting Policies and Errors

  • What are the objectives and scope of IAS 8?
  • What are the key definitions included in IAS 8?
  • What does the Standard say about the selection of accounting policies?
  • How should changes in accounting policies be dealt with?
  • What disclosures are required about changes in accounting policies?
  • How do I treat changes in accounting estimates?
  • How should errors be dealt with?

IAS 21 – The Effect of Changes in Foreign Exchange Rates

  • What are the objectives and scope of IAS 21?
  • What basic definitions do I need to know about in IAS 21?
  • What about the functional currency of foreign operations?
  • What is the accounting approach required when dealing with the functional currency?
  • How do I deal with any exchange differences that might arise?
  • How do I deal with translation to the presentational currency?

IAS 10 – Events after the reporting date

  • What are the objectives and scope of IAS 10?
  • What important definitions do I need to know about?
  • What are some examples of an adjusting event?
  • What kind of non-adjusting events are relevant?
  • What about preparing the financial statements on a going concern basis?
  • What other disclosures are required?

IAS 24 – Related Party Transactions

  • What are the objectives and scope of IAS 24?
  • Who is a "related party"?
  • What is a related party transaction?
  • What are the disclosure requirements relating to related parties?
  • What must be disclosed if there have been related party transactions?

Other Types of Reporting

  • What is the core principle and scope of IFRS 8 on Operating Segments?
  • What are "operating segments" and "reportable segments"?
  • What is said about disclosures in the Standard?
  • What are the objectives and scope of IAS 34?
  • What are the key definitions included in IAS 34?
  • What are the minimum requirements for a condensed set of financial statements?
  • What disclosures are required in the interim financial statements?
  • What are the objectives and scope of IAS 33 on Earnings per Share?
  • What are the basic measurements, calculations and disclosures related to EPS?