IFRS: Structure of Financial Statements

This course will enable you to

• Apply the principles of the IFRS regime as laid out in the conceptual framework
• Follow the general rules and criteria for financial statements prepared under IFRS
• Understand how IFRS 18 will replace IAS 1
• Recognise cash transactions and classify cash flow activities as defined by IAS 7
• Meet the requirements for interim financial statements under IAS 34

About the course

Understanding the IFRS regime starts with the big picture. This course introduces the IFRS conceptual framework - the foundation on which all standards are built - and explains how it helps preparers and users of financial statements make informed decisions about recognition, measurement, presentation and disclosure.

You’ll explore three key standards that structure financial statements under IFRS. IFRS 18, which replaces IAS 1, outlines general presentation and disclosure principles and is critical for anyone preparing annual statements. IAS 7 defines how to classify and present cash flows, and IAS 34 sets minimum requirements for producing reliable interim financial reports. Together, they provide essential guidance for structuring both full-year and interim reporting cycles.

This course will give you the knowledge to interpret and apply these core standards with clarity. Equip yourself to produce compliant financial statements, explain their structure and content to others, and stay up to date with recent developments across the IFRS landscape.