IFRS: Accounting for Expenditure

by Wayne Bartlett

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).

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

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

About the course

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.

Look inside

imac
slide-1
slide-2
slide-3
slide-4
slide-5
slide-1-thumbnail
slide-2-thumbnail
slide-3-thumbnail
slide-4-thumbnail
slide-5-thumbnail

Contents

  • Provisions
    • Expenditure – the basics
    • IAS 37 explained
    • Objectives and scope of IAS 37
    • Key definitions
    • Provisions and other types of liability
    • Complying with the rules
    • Contingent liabilities and assets
    • Establishing and changing provisions
    • Margin for error
    • Disclosure requirements
  • Employee benefits
    • IAS 19 and employee benefits
    • Objectives and scope of IAS 19
    • Key definitions
    • Two types of plan
    • Defined contribution plans
    • Defined benefit plans
    • 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
    • Presenting financial statements
    • A simple financial statement
    • Disclosures
  • Income taxes
    • Taxes due on corporate income
    • Objectives and scope of IAS 12
    • Key definitions
    • Deductible temporary differences
    • Current and deferred tax liabilities and assets
    • The complications of deferred tax assets and liabilities
    • Recognising current and deferred tax
    • Presenting tax assets and liabilities
    • Disclosures

How it works

Author

Wayne Bartlett

Specialising in public sector financial management and budgeting, Wayne has worked as a consultant and lecturer throughout the world.

Reviews

Recommended

Why not upgrade?

Find the best way to complete your CPD

Course

Need just a few unitshourshours?

Pick n Mix

All you need for this year's CPD.

Licence

All you need for this year and more.

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours800+ unitshourshours800+ unitshourshours
Access period120 days120 days12 months12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team’s needs
Learn moreLearn moreLearn more
Recommended

Why not upgrade?

Find the best way to complete your CPD

Licence

All you need for this year and more.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Why not upgrade?

Find the best way to complete your CPD

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Licence

Recommended

All you need for this year and more.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

You might also like

Take a look at some of our bestselling courses