IFRS®: Presentation of Financial Statements (IAS 1), Events After the Reporting Period (IAS 10), and Presentation and Disclosure in Financial Statements (IFRS 18)
International financial statement presentation and disclosure requirements, including guidance for subsequent events, are explored for professionals reporting under IFRS® Standards.
Format
Online
NASBA Field of Study
Accounting
Level
Basic
CPE Credits
1
Author(s)
AICPA and CIMA staff, Helen Kerrigan
Availability
1 year
Product Number
IFRSCERTB25SSO
Recognizing the significance of international accounting standards for presenting financial statements
Understanding IAS 1, Presentation of Financial Statements, IAS 10, Events After the Reporting Period, and IFRS 18, Presentation and Disclosure in Financial Statements, can be challenging. However, learning these standards is essential for establishing a strong foundation for your work.
You'll explore key insights and practical tips to help you succeed, including:
- The objective, structure, and content of financial statements
- Concepts such as fair presentation, consistency, materiality, going concern, accrual basis, and offsetting
- Adjusting and non-adjusting events that occur after the reporting period
Why IFRS is relevant to you
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, IAS 10, and IFRS 18 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 who work for private or public multinational organizations that have adopted IFRS standards.
- Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS standards.
Key Topics
- Components of financial statements
- Fair presentation and compliance with IFRS
- Going concern
- Accrual basis of accounting
- Adjusting vs. Non-adjusting events
- Disclosure requirements
- Revenue recognition criteria
Learning Outcomes
- Identify the required statements, formats, and disclosures that make up a complete set of financial statements under IAS 1, Presentation of Financial Statements.
- Recognize the requirements under IAS 10, Events After the Reporting Period, related to adjusting financial statements for events that take place after the reporting period.
- Identify the key components and methodologies of IFRS 18, Presentation and Disclosure in Financial Statements.
Group ordering for your team
2 to 5 registrants
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