IFRS: Key Standards for Financial and Accounting Activities
Overview/Description Target Audience Prerequisites Expected Duration Lesson Objectives Course Number Overview/Description
The International Financial Reporting Standards (IFRS) are a set of global standards developed by the International Accounting Standards Board (IASB). They enable individuals, businesses, and governments to have consistent accounting and reporting practices, produce comparable financial statements, and establish a common accounting language across different countries. These standards are now adopted in over 110 countries from every part of the world and several other countries are preparing to adopt them. This course aims to prepare learners for implementing some key standards related to financial and accounting activities. It takes learners through the standards relating to accounting policies, changes in accounting estimates and errors, and the treatment of events after the reporting period. It also covers borrowing costs, presentation of financial instruments, share-based payments, business combinations, and operating segments.
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 process, and financial statements as used in an organization