IFRS: Standards for Financial Statements and Their Items
Overview/Description Target Audience Prerequisites Expected Duration Lesson Objectives Course Number Overview/Description
This course introduces the objectives of some key standards from the IFRS along with their scope and key business implications. Where they apply, it examines differences with GAAP and the implications of switching from the GAAP to the IFRS system. The course also addresses standards relating to the presentation of financial statements, inventories, statement of cash flows, accounting treatment for property, plant, and equipment, revenue, intangible assets, and finally, non-current assets held. With an increasing degree of globalization worldwide, a single set of high quality accounting standards is required by various users of financial information. The IFRS was developed to meet these needs.
Target Audience
Executives, management, departmental leaders, professionals, and anyone who is interested in gaining background knowledge of International Financial Reporting Standards (IFRS)
Prerequisites
Proficiency with accounting standards (national GAAP), accounting processes, and financial statements as used in an organization