Master IFRS accounting standards from adoption to financial reporting with practical examples and expert guidance.
Sub Category
- Finance
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Objectives
- IFRS Adoption: Understand the process and implications of transitioning to International Financial Reporting Standards (IFRS).
- IFRS Categories and Framework: Explore the categories and conceptual framework of IFRS, gaining insights into its structure and principles.
- First-Time Adoption: Learn the requirements and exemptions for first-time adoption of IFRS, including reporting and disclosure obligations.
- Share-Based Payments: Grasp the complexities of accounting for share-based payment transactions, including valuation techniques and disclosures.
- Business Combinations: Understand the accounting treatment for business combinations, including recognition, measurement, and goodwill calculation
- Insurance Contracts: Dive into the accounting standards for insurance contracts, covering initial recognition, subsequent measurement, and disclosure
- Non-Current Assets and Discontinued Operations: Learn how to classify, measure, and disclose non-current assets held for sale and discontinued operations
- Exploration for Mineral Resources: Explore the accounting treatment for exploration and evaluation of mineral resources, including impairment and disclosures.
- Financial Instruments Disclosures: Understand the disclosure requirements for various financial instruments, including qualitative and quantitative disclosures
- Operating Segments: Learn about segment reporting and reconciliation under IFRS 8, including comparative segment reporting and entity-wide disclosures.
- Consolidated Financial Statements: Master the consolidation model and exceptions under IFRS 10 for preparing consolidated financial statements.
- Joint Arrangements: Understand the accounting for joint arrangements, including types, assessments, and financial statements presentation.
- Disclosure of Interests in Other Entities: Gain insights into disclosure requirements for interests in subsidiaries, joint arrangements
- Fair Value Measurement: Learn about fair value concepts, measurement techniques, and disclosures under IFRS 13.
- Regulatory Deferral Accounts: Understand the accounting treatment and presentation of regulatory deferral accounts, including disclosures and examples.
Pre Requisites
- Basic Accounting Knowledge: Familiarity with fundamental accounting principles and concepts is essential to grasp the advanced topics covered in the course.
- Financial Reporting Understanding: A solid understanding of financial reporting standards and practices will facilitate comprehension of IFRS principles and requirements.
- Proficiency in Excel: Basic proficiency in Microsoft Excel is recommended, as some lectures include Excel examples and illustrations to reinforce concepts.
- Financial Analysis Skills: Basic skills in financial analysis will aid in interpreting financial statements and understanding the implications of adopting IFRS.
- Previous Course Completion: Completion of an introductory accounting or financial reporting course can provide a foundation for more advanced topics covered in this course.
FAQ
- Q. How long do I have access to the course materials?
- A. You can view and review the lecture materials indefinitely, like an on-demand channel.
- Q. Can I take my courses with me wherever I go?
- A. Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
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