Course Details
Course Outline
5 days course
Introduction to IFRSs
- Brief history of IFRSs
- Conceptual Framework
Content of IFRS Financial Statements
- Presentation of financial statements (IAS 1)
- Statement of cash flows (IAS 7)
- Accounting policies, changes in accounting estimates and errors (IAS 8)
- Discontinued operations (IFRS 5)
- Events after the reporting period (IAS 10)
- Operating segments (IFRS 8)
- Related party disclosures (IAS 24)
- Interim financial reporting (IAS 34)
- value measurement (IFRS 13)
Assets
- Inventories (IAS 2)
- Property, plant & equipment (IAS 16)
- Borrowing costs (IAS 23)
- Intangible assets (IAS 38)
- Investment property (IAS 40)
- Impairment of assets (IAS 36)
Liabilities
- Leases (IFRS 16)
- Employee benefits (IAS 19)
- Provisions, contingent liabilities and contingent assets (IAS 37)
- Share-based payment (IFRS 2)
Financial Instruments
- Financial assets and liabilities, hedging and derivatives (IAS 32, IAS 39, IFRS 9)
- Financial instrument disclosures (IFRS 7)
Income Taxes
- Income taxes (IAS 12)
Revenue
- Revenue from Contracts with Customers (IFRS 15)
Foreign Currency Issues
- The effects of changes in foreign exchange rates (IAS 21)
Business Combinations, Consolidations, Associates & Joint Arrangements
- Business combinations (IFRS 3)
- Consolidated financial statements (IFRS 10)
- Separate financial statements (IAS 27)
- Investments in associates and joint ventures (IAS 28)
- Joint arrangements (IFRS 11)
- Disclosure of interests in other entities (IFRS 12)
Transitioning to IFRSs
- First-time adoption of IFRSs (IFRS 1)
Expected Future Developments
- ASB Work Plan
