Course Syllabus
IFRS Syllabus Content
International sources of authority
- The structure of the International Accounting Standards Board (IASB)
- The standard setting process
- The role of the International Financial Reporting Interpretations Committee
- Progress towards international harmonization
- The IASB “Framework for the Preparation and Presentation of Financial Statements”
- The first time adoption of international financial reporting standards
Elements of financial statements
- Property, plant and equipment Provisions and contingencies
- Intangible assets Employment and post-employment benefits
- Goodwill Current and deferred tax
- Current assets including inventories Biological assets and agricultural produce
- Construction contracts Share-based payment
- Liabilities Exploration and evaluation expenditures
- Financial instruments
Presentation and additional disclosures
- Events after the balance sheet date
- Earnings per share
- Related party disclosures
- Interim financial reporting
- Effects of changes in foreign exchange rates
- Operating segments
Preparation of external financial reports for single entities
- Income statements and discontinued operations
- Cash flow statements
- Statement of changes in equity
Preparation of external financial reports for combined entities and joint ventures
- Definitions of subsidiaries, investments in associates and joint ventures
- Preparation of consolidated balance sheets and income statements
- Equity accounting
- Proportionate consolidation and joint ventures