IFRS

Learning Objectives:

• Gain knowledge on regulatory and conceptual framework
• Understand the implementation of IFRS in various situations
• Prepare the financial reports of listed businesses accurately
• Review the reports and analyse the performance and position of the financial statements

Course Outline:

• Introduction
• JASB work plan
• The conceptual framework of financial reporting
• IAS 1, Presentation of financial statements
• IRS 5, Discontinued operations
• IAS 24, Related party disclosures
• IAS 21, The effects of changes in foreign exchange rates
• IFRS 15, Revenue from contracts with customers
• IAS 2, Inventories
• IAS 16, Property, Plant and Equipment
• IAS 23, Borrowing costs
• IFRS 16, Leases
• IAS 8, Accounting policies, changes in accounting estimates and errors
• IAS 10, Events after reporting period
• IFS 5, Non-current assets held for sale
• IAS 40, Investment property
• IAS 38, Intangible Assets
• IAS 36, Impairments
• IAS 20, Accounting for government grant and disclosure of government assistance
• IAS 37, Provisions, contingent liabilities and contingent assets
• IAS 12, Income taxes
• IAS 19, Employee benefits
• IFRS 2, Share based payments
• IAS 27, Separate financial statements
• IRS 10, Consolidated Financial Statements
• IRS 3, Business combinations
• IAS 28, Investment in Associates and Joint Ventures
• IFRS 11, Joint arrangements
• IAS 32, Presentation of financial instruments
• IFRS 9, Financial instruments
• IRS 7, Financial instruments disclosures
• IFRS 13, Fair value measurements
• IAS 7, Statement of cashflows
• IFRS 1, First-time adoption of IFRS financial systems considerations on conversion