Overview

ACCA Certificate in International Financial Reporting (Cert IFR)This financial reporting course offers a broad introduction to the field of International Financial Reporting and International Financial Reporting Standards (IFRS). It traces the history of the International Accounting Standards Board (IASB) from its early roots through to recent changes and updates and future developments.The syllabus1. The International Accounting Standards Board and IFRS Accounting StandardsThe origins of the International Accounting Standards Board (IASB®)The structure of the IFRS FoundationInternational Accounting Standards (IAS® Accounting Standards), and International Financial Reporting Standards (IFRS® Accounting Standards) that are currently in issueThe Conceptual Framework for Financial Reporting.2. IFRS Accounting Standards - global convergence and continued developmentA brief summary of the adoption of International Financial Reporting Standards (IFRS® Accounting Standards) in different jurisdictionsThe growth of the International Accounting Standards Board (IASB®)3. Revenue, presentation and profitIAS 1 Presentation of Financial StatementsIFRS 15 Revenue from Contracts with CustomersIAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.4. Accounting for non-current assetsIAS 16 Property, Plant and EquipmentIAS 40 Investment PropertyIAS 23 Borrowing CostsIFRS 5 Non-current Assets Held for Sale and Discontinued Operations5. Accounting for assets, impairments and grantsIAS 38 Intangible AssetsIAS 36 Impairment of AssetsIAS 20 Accounting for Government Grants and Disclosure of Government AssistanceIAS 2 Inventories6. Accounting for leases and specialised assetsIFRS 16 LeasesIAS 41 AgricultureIFRS 6 Exploration and Evaluation of Mineral Resources7. Accounting for financial instrumentsIAS 32 Financial Instruments: PresentationIFRS 9 Financial InstrumentsIFRS 7 Financial Instruments: DisclosuresIFRS 13 Fair Value MeasurementIFRS 4 and IFRS 17 Insurance Contracts8. Accounting for liabilitiesIAS 37 Provisions, Contingent Liabilities and Contingent AssetsIAS 19 Employee BenefitsIAS 12 Income TaxesIFRS 2 Share-based Payment9. Group accounting - part 1IFRS 10 Consolidated Financial StatementsIAS 27 Separate Financial StatementsIFRS 3 Business Combinations10. Group accounting - part 2IFRS 11 Joint ArrangementsIAS 28 Investments in Associates and Joint VenturesIFRS 12 Disclosure of Interests in Other EntitiesIAS 21 The Effects of Changes in Foreign Exchange RatesIAS 29 Financial Reporting in Hyperinflationary Economies11. Disclosure standards and first-time adoptionIAS 7 Statement of Cash FlowsIFRS 8 Operating SegmentsIAS 24 Related Party DisclosuresIAS 33 Earnings Per ShareIAS 34 Interim Financial ReportingIAS 10 Events after the Reporting PeriodIFRS 1 First-time Adoption of IFRS12. IFRS Accounting Standards and other reporting frameworksThe IFRS for SMEs Accounting StandardThe FASB and US GAAPPrinciple differences between IFRS Accounting Standards and US GAAPIndian GAAP

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