IFRS: Key Accounting Policies and Other Reporting Considerations

by Wayne Bartlett
access120 days access
cpd hours4 CPD hours
price£75+vat

This course will enable you to:

  • Review and develop holistic and coherent accounting policies
  • Get to grips with all the key standards on accounting policies: IAS 8, IAS 21, IAS 10 and IAS 24
  • Know how to handle events after the reporting period
  • Understand how accounting foreign exchange might potentially impact on both the statement of financial position and the statement of comprehensive performance
  • Prepare financial statements on a going concern basis
  • Familiarise yourself with IFRS 13 and its influence on other standards

This course provides a holistic approach to developing accounting policies that are coherent and faithful. It draws in diverse elements of the IFRS framework to present a full image of well written financial statements.

Now with a new module on IFRS 13: Fair Value Measurement, as well as video interviews with the authors and additional case studies, the course begins by looking in detail at the main source of guidance on accounting policies IAS 8. It then takes you through other key issues in reporting including how to deal with foreign exchange transactions, how to handle events after the reporting date , related party transactions and measuring fair value.

Changes in policies

  • IAS 8 explained
  • Objective, scope and key definitions
  • Selecting accounting policies
  • Changing accounting policies
  • Revaluation
  • Changes in accounting estimates
  • Estimates in your organisation
  • Errors
  • Sources of confusion in IAS 8
  • Dealing with errors

Foreign exchanges

  • IAS 21 explained
  • Objective, scope and key definitions
  • Functional currency in foreign operations
  • Accounting for functional currency
  • Functional currency in your organisation
  • Foreign currency-denominated assets
  • Exchange differences
  • Translating to the presentation currency
  • Presentation currency accounting

Events after the reporting date

  • IAS 10 explained
  • Objective, scope and key definitions
  • Spotting events after the reporting date
  • Adjusting events
  • Adjusting events in your organisation
  • Non-adjusting events
  • Uncompleted financial statements
  • Fair value
  • No longer a going concern
  • Disclosures

Related parties

  • IAS 24 explained
  • Objective, scope and purpose
  • Related parties
  • Related party transactions
  • Significant transaction
  • Disclosures
  • Related party transactions in practice
  • Repercussions
  • Personnel compensation

Fair value

  • Objective, scope and key definitions
  • Defining fair value
  • Measuring fair value
  • The hierarchy
  • Fair value for you
  • Disclosures concerning fair value
  • IFRS 13 in International Airlines Group
  • Valuing securities

Other types of reporting

  • Other types of reporting explained
  • IFRS 8: Objective, scope and key definitions
  • Segment reporting
  • IFRS 8: Disclosures
  • IAS 34: Objective, scope and key definitions
  • IAS 34: Condensed financial statements
  • IAS 34: Disclosures
  • Interim financial statements
  • IAS 33: Objectives and scope
  • IAS 33: Basic measurements, calculations and disclosures
  • IAS 33: Earnings per share calculation

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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