International Financial Reporting Standards ( IFRS)

Course details

A International sources of authority
The International Accounting Standards Board (IASB) and the regulatory framework Fundamental ethical and professional principles

B Elements of financial statements
1. Revenue recognition
2. Property, plant and equipment
3. Impairment of assets
4. Leases
5. Intangible assets and goodwill
6. Inventories
7. Financial instruments
8. Provisions, contingent assets and liabilities
9. Employee benefits
10. Tax in financial statements
11. The effects of changes in foreign currency exchange rates
12. Agriculture
13. Share-based payment
14. Exploration and evaluation expenditures
15. Fair value measurement

C Presentation of financial statements and additional disclosures 1. Presentation of the statement of financial position
2. The statement of profit or loss and other comprehensive income and the statement of changes in equity
3. Earnings per share
4. Events after the reporting period
5. Accounting policies, changes in accounting estimates and errors
6. Related party disclosures
7. Operating segments
8. Reporting requirements of small and medium-sized entities (SMEs)

D Preparation of external financial reports for combined entities, associates and joint arrangements
1. Preparation of group consolidated external reports
2. Business combinations - intra-group adjustments
3. Business combinations - fair value adjustments
4. Business combinations - associates and joint arrangements
5. Complete disposal of shares CERTIFICATION Updated on 06 September, 2022