Financial Reporting & Regulatory Frameworks (FRRF)

The ICB Financial Reporting and Regulatory Frameworks course is the third topic required for the ICB Advanced Level programme. It is generally recommended that this subject is combined with the fourth and final subject – ICB Research theory and practice. 

The primary focus of this course is the application of International Financial Reporting Standards (IFRS) within the South African context.

Course Content:

• Module 1 Introduction to International Financial Report Standards and the Conceptual Framework
• Module 2 IAS1 – Presentation of financial statements
• Module 3 IAS16 – Property, plant and equipment
• Module 4 IAS40 – Investment property
• Module 5 IAS36 – Impairment of assets
• Module 6 IAS38 – Intangible assets
• Module 7 IAS2 – Inventories
• Module 8 IAS37 – Provisions, contingent liabilities and contingent assets
• Module 9 IAS17 – Leases
• Module 10 Financial Instruments
• Module 11 IAS10 – Events after the reporting period
• Module 12 IAS18 – Revenue
• Module 13 IAS19 – Employee benefits
• Module 14 IAS21 – The effects of changes in foreign exchange rates
• Module 15 IAS33 – Earnings per share
• Module 16 IAS12 – Income taxes
• Module 17 IAS8 – Accounting policies, changes in accounting estimates and errors
• Module 18 IAS7 – Statement of cash flows
• Module 19 Consolidated financial statements
• Module 20 Financial reporting requirements of the Companies Act 2008