HOW TO READ AND UNDERSTAND IFRS

HOW TO READ AND UNDERSTAND THE INTERNATIONAL FINANCIAL REPORTING STANDARDS

Next edition – June 2016

Overview:

There are many non-accountants and many accountants who have to use a set of accounts as part of their job but are not involved in the day to preparation of statutory financial statements. This 3-day course will enable the delegate to read and understand a set of accounts that are produced under IFRS.  The course will:

  • Make use of practical examples to show how the numbers in the accounts are generated.
  • Provide an overview of the key accounting rules governing the presentation of the numbers generated.
  • Review what the numbers tell the reader about the business.

Over the three days, a comprehensive range of topics will be covered including:

Day 1:

  • Share Based Payments
  • Business Combinations
  • Non-current Assets Held for sale
  • Risk Disclosures
  • Operating Segments
  • Financial Instruments
  • Joint Ventures
  • Disclosures of Relationships
  • Fair Values
  • Revenue Recognition

 

Day 2:

  • Leases
  • Inventory
  • Cash Flow Statements
  • Operating Policies
  • After Date Events
  • Construction Contracts
  • Deferred Tax
  • Property, plant and equipment
  • Employee Benefits
  • Government Grants

 

Day 3:

  • Foreign Transactions
  • Borrowing Costs
  • Related Parties
  • Associates
  • Earnings Per share
  • Impairment
  • Provisions
  • Intangible Assets
  • Investment Property
  • Agriculture

Your Tutor: Lincoln Miles