IFRS: Accounting for Expenditure

Summary

This course explains the standards and all the pitfalls involved in provisions and contingencies (IAS 37), employee benefits and retirement benefit plans (IAS19 and IAS 26), along with the high-risk areas in the taxation of companies income (IAS 12).

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
Price:  
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
3.50 Training Tickets accepted
CPD hours:  
4.00
Speaker details
First nameLast name
AccountingCPD. net

Description

Product type:  
CPD online course
Category:  
AccountingCPD.net, Practice and business improvement

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 for 120 days from the date of receiving access via email notification

Course overview 

Provisions

  • Expenditure – the basics
  • IAS 37 explained
  • Objectives and scope of IAS 37
  • Provisions and other types of liability
  • Complying with the rules
  • Repairs under warranty
  • Contingent liabilities and assets
  • Measuring provisions
  • Establishing and changing provisions
  • Margin for error
  • Disclosure requirements
  • Legal advice

Employee benefits

  • IAS 19 and employee benefits
  • Objectives and scope of IAS 19
  • Short-term employee benefits
  • Two types of plan
  • Multi-employer plans
  • Defined contribution plans
  • Defined benefit plans
  • Presentation to the Board
  • The impact of actuarial assumptions
  • Calculating for settlements
  • Measuring plan assets
  • Avoiding the pitfalls of employee benefits
  • The necessary disclosures

Retirement benefit plans

  • IAS 26 and the pension fund perspective
  • Objectives and scope of IAS 26
  • Defined contribution plans
  • Defined benefit plans
  • Present values
  • Actuarial present values
  • Actuarial revaluation
  • Presenting financial statements
  • A simple financial statement
  • Disclosures
  • Selecting salary costs
  • Planning to retire

Income taxes

  • Taxes due on corporate income
  • Objectives and scope of IAS 12
  • Taxable temporary differences
  • Deductible temporary differences
  • Current and deferred tax liabilities and assets
  • The complications of deferred tax assets and liabilities
  • Recognising current and deferred tax
  • Capitalising software
  • Presenting tax assets and liabilities
  • Putting income tax into practice
  • Disclosures
  • Unused tax credits