IFRS: Accounting for Expenditure

by Wayne Bartlett
access120 days access
cpd hours4 CPD hours

This course will enable you to:

  • Understand the complexity of IAS 37 and make sound judgements when accounting for provisions, contingent liabilities and assets
  • Deal competently with the enormous sums often involved in employee benefits and pensions whether under IAS 19 or IAS 26
  • Navigate your way through the maze of accounting for taxes on income outlined in IAS 12

Expenditure has a significant impact on an organisation's financial success, often accounting for half of its overall profitability, and so accounting for its impact is a key part of performance measurement. The trouble is that it is fraught with difficulties as well.

This course will guide you through the International Financial Reporting Standards (IFRSs) related to expenditure. You'll learn about the pitfalls involved in making judgements concerning provisions and contingencies under IAS 37, make sound decisions when dealing with employee benefits and retirement benefit plans, whether under IAS 19 or IAS 26, and be confident about your decisions in the high risk areas of accounting for taxation on income under IAS 12.


  • 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

Dr Wayne Bartlett specialises in public sector financial management and budgeting and has worked as a consultant and lecturer throughout the world. After 7 years in the NHS in the UK, he joined the Home Office as Head of Accountancy Advice. He has worked closely with a number of Supreme Audit Institutions and has become an expert of the implementation of international accounting standards.

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