IFRS: The Structure of Financial Statements

by Wayne Bartlett

This course explains the design of financial statements within International Financial Reporting Standards (IFRS) and considers their key components, as well as what each statement is trying to achieve.

This course is not currently available

This course will enable you to

  • Understand the principles and aims of the IFRS regime
  • Comprehend the general rules regarding financial statements prepared under IFRS
  • Gain an overview of the reports

About the course

Do you understand the fundamental principles underlying IFRS? Without a clear understanding of the essential background to the IFRS regime as a whole, it is impossible to fit the individual IFRSs into the bigger picture.

Now enhanced with additional case studies and video interviews with the author, this course explains the design of financial statements within International Financial Reporting Standards (IFRS) and considers their key components, as well as what each statement is trying to achieve. You will recognise the information that needs to be included as well as the concepts of fair presentation, accruals and going concern, building to a full understanding of the core framework into which the IFRSs fit.

Look inside

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Contents

  • The aims of IFRS
    • What is IFRS?
    • General purpose financial statements
    • IFRS regime: Basic principles
    • Key financial statements
    • Changes to IFRS
    • Overcoming barriers
  • General rules
    • Moving to IFRS
    • The purpose of financial statements
    • Information that must be included
    • The going concern concept
    • The financial statements under IFRS
  • The statement of financial position
    • The statement of financial position explained
    • Statement of financial position: The aims
    • Information in the statement of financial position
    • Current and non-current assets
    • Current and non-current assets and liabilities
    • Current liabilities
    • Disclosures
  • The statement of comprehensive income
    • The statement of comprehensive income explained
    • Statement of comprehensive income
    • Non-controlling interest
    • What is comprehensive income?
    • Types of income included
    • Challenges to overcome
  • Other financial statements and disclosure notes
    • Other financial statements explained
    • The statement of changes in equity
    • The statement of cash flows
    • Structure of the statement of cash flows
    • Disclosure notes explained
    • Structure of the notes
    • Accounting policies in the financial statements
    • Sources of estimation uncertainty
    • IAS 1 and capital
    • Operating, investing and financing activities

How it works

Author

Wayne Bartlett

Wayne is an internationally acclaimed speaker and trainer on all aspects of public and private sector accounting and auditing standards. He has been instrumental in helping to develop the profession internationally and has taken lead roles in the development of new professional bodies and the accounting profession in Mozambique and Rwanda, and been extensively involved in developing financial reporting in many countries across the globe.

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This course is not currently available. To find out more, please get in touch.