IAS 1, Presentation of Financial Statements and IAS 10, Events After the Reporting Period

Know the international accounting requirements for presenting financial statements

Understanding the requirements of IAS 1, Presentation of Financial Statements, and IAS 10, Events After the Reporting Period, will establish a strong foundation for competent and compliant work. Gain the basic knowledge and practical guidance to apply these standards in practice.

You will learn key concepts, including

• the objective, structure, and content of financial statements;
• fair presentation, consistency, materiality, going concern, accrual basis, and offsetting; and
• adjusting and nonadjusting events after the reporting period.

Prepare for the future

Many of the world's largest capital markets require or permit the use of International Financial Reporting Standards®.

Whatever your location, you could easily find yourself with a client subject to IFRS requirements.

Understanding IFRS requirements will help you better assist clients subject to these standards and enable you to effectively compete in the modern business world.

Hands-on learning to enhance your comprehension

The interactive learning elements and real-life examples in this course will deepen your understanding so you can implement these concepts in practice.

Applying IAS 1 and IAS 10 guidelines to the real-world case studies in this course will better prepare you to assist clients subject to IFRS requirements.

This course is part of the IFRS Certificate Program — a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.

Who Will Benefit

Accounting and finance professionals interested in IFRS® Standards

Key Topics

• The objective, structure, and content of financial statements
• Overriding concepts such as fair presentation, consistency, materiality, going concern, accrual basis, and offsetting
• Notes and comparatives
• Adjusting and nonadjusting events after the reporting period and related disclosures

Learning Outcomes

• Recall the statements and disclosures that make up a complete set of financial statements.
• Recognize the format of each of the following:
  • Statement of financial position
  • Statement of profit or loss and other comprehensive income
  • Statement of changes in equity
  • Statement of cash flows
  • Identify the general disclosure requirements for financial statements, taking into consideration offsetting, going concern, comparability, and consistency.
• Recognize when an entity should adjust its financial statements for events after the reporting period.
• Recall the required disclosures for events occurring after an entity’s reporting period.