Part Time Courses  |  Customized IAS/IFRS Courses

Course Details

We offer a range of courses on International Financial Reporting, including the Certificate in International Financial Reporting. This financial reporting course offers a broad introduction to the field of International Financial Reporting & International Financial Reporting Standards (IFRS) . It traces the history of the International Accounting Standards Board (IASB) from its early roots through to recent changes & updates and future developments. The qualification is structured in an accessible and user-friendly way that underlines key information and provides useful summaries. It examines & breaks down specific standards topic-by-topic. There are case studies, which are based on real-life examples, & many exercises, multiple-choice questions and sample answers for you to test your knowledge as you progress through the course.

Course Objective

  To help you understand how International Financial Reporting Standards (IFRS) are used around the world.
  To explain how the International Financial Reporting Standards Foundation (IFRSF) / International Accounting Standards Board (IASB) work and how these are being changed.
  To examine the fundamental requirements of IFRS on a standard-by-standard basis.
  To provide guidance on how to use IFRS in practice.

01The nature and operations of the IASB
Structure of the IFRSF/IASB
Extant standards of the IASB
The framework

02The status and use of IFRSs around the world
The use of IFRS around the world
The IASB roadmap
The annual IASB bound volume and its use.

03Presentation and profit
IAS 1,Presentation of financial statements
IAS 18,Revenue
IAS 8,Accounting policies, changes in accounting estimates and errors.

04Accounting for assets and liabilities
IAS 16,Property, plant and equipment
IAS 38,Intangible assets
IAS 40,Investment Property
IAS 36,Impairment of assets
IAS 23,Borrowing costs
IAS 20,Accounting for government grants & disclosure of government assistance
IAS 2,Inventories
IAS 11,Construction contracts
IAS 17,Leases
IFRS 5,Non-current assets held for sale and discontinued operations
IFRS 13,Fair Value Measurement
IFRS 32,Financial instruments - presentation
IFRS 9,Financial instruments
IAS 39,Financial instruments - recognition & measurement
IFRS 7,Financial instruments: disclosures
IFRS 2,Share-based payment
IAS 19,Employee benefits
IAS 37,Provisions, contingent liabilities & contingent assets
IAS 10,Events after the reporting period
IAS 12,Income taxes
IAS 41,Agriculture
IFRS 6,Exploration for and evaluation of mineral resources

05Group accounting
IFRS 10,Consolidated Financial Statements
IAS 27,(revised 2011), Separate financial statements
IFRS 3,Business Combinations
IAS 28,(revised 2011),Investments in associates joint ventures
IFRS 11,Joint arrangements
IFRS 12,Disclosure of interests in other entities
IAS 21,The effects of changes in foreign exchange rates
IAS 29,Financial reporting in hyperinflationary economies

06Disclosure standards
IAS 7,Statement of cash flows
IAS 24,Related party disclosures
IAS 33,Earnings per share
IAS 34,Interim financial reporting
IFRS 4,Insurance contracts
IFRS 1,First time adoption of IFRS
IFRS 8,Operating segments.

07Principal differences between UK/US GAAP & IFRS