This course is designed for financial accountants and controllers wanting a detailed understanding of international standards of the International Accounting Standards. Auditors, Analysts and interpreters of IAS/IFRS financial statements will also benefit greatly from the course and this course will also be of particular benefit to accountants moving into a financial accounting role from other fields.

• An in-depth working knowledge of the new ‘world standard’ of financial reporting
• A technique for extracting the key requirements from standards, and guidance on interpretation and practical application of the standards
• An awareness of the differences between UK, US and international standards

An understanding of imminent changes to IFRS

Introduction

Concepts and presentation

• The IASB conceptual framework
• IAS 1 – presentation of statements
• IAS 10 – events after balance sheet
• IFRS 5 – assets held for sale and discontinued operations
• IAS 7 – cash flow statements

Policies and revenue

• IAS 8 – accounting policies
• IAS 18 – revenue
• IAS 11 – construction contracts; revenue and work-in-progress

Inventory and property, plant and equipment

Group Account and International Standards