Online Course on IFRS:
Key Accounting Policies and
Other Reporting Considerations
The IFRS framework gives detailed guidance on a number of issues to do with key accounting policies and as an accountant, reporting under IFRS, you need to be clear on how that guidance affects your reporting.
This course looks in detail at the main source of guidance on accounting policies – IAS 8. In addition, the course takes you through other key issues in reporting including how to deal with foreign exchange transactions,
what to do when events affect the financial statements after they have been finalised and related party transactions.
IFRS: Key Accounting Policies and other Reporting Considerations enables the learner to:
• Review and develop appropriate accounting policies
• Get to grips with IAS 8, IAS 21, IAS 10 and IAS 24
• Know what to do when errors are identified in a previous reporting period
• Understand how accounting foreign exchange might potentially impact on both the statement of financial position and the statement of comprehensive performance
• Prepare financial statements on a going concern basis
Learning outcomes for IFRS: Key Accounting Policies
and other Reporting Considerations
IAS 8 – Accounting Policies, Changes in Accounting Policies and Errors
• What are the objectives and scope of IAS 8?
• What are the key definitions included in IAS 8?
• What does the Standard say about the selection of accounting policies?
• How should changes in accounting policies be dealt with?
• What disclosures are required about changes in accounting policies?
• How do I treat changes in accounting estimates?
• How should errors be dealt with?
IAS 21 – The Effect of Changes in Foreign Exchange Rates
• What are the objectives and scope of IAS 21?
• What basic definitions do I need to know about in IAS 21?
• What about the functional currency of foreign operations?
• What is the accounting approach required when dealing with the functional currency?
• How do I deal with any exchange differences that might arise?
• How do I deal with translation to the presentational currency?
IAS 10 – Events after the reporting date
• What are the objectives and scope of IAS 10?
• What important definitions do I need to know about?
• What are some examples of an adjusting event?
• What kind of non-adjusting events are relevant?
• What about preparing the financial statements on a going concern basis?
• What other disclosures are required?
IAS 24 – Related Party Transactions
• What are the objectives and scope of IAS 24?
• Who is a “related party”?
• What is a related party transaction?
• What are the disclosure requirements relating to related parties?
• What must be disclosed if there have been related party transactions?
Other Types of Reporting
• What is the core principle and scope of IFRS 8 on Operating Segments?
• What are “operating segments” and “reportable segments”?
• What is said about disclosures in the Standard?
• What are the objectives and scope of IAS 34?
• What are the key definitions included in IAS 34?
• What are the minimum requirements for a condensed set of financial statements?
• What disclosures are required in the interim financial statements?
• What are the objectives and scope of IAS 33 on Earnings per Share?
• What are the basic measurements, calculations and disclosures related to EPS?
Target audience for IFRS: Key Accounting Policies
and other Reporting Considerations
Anyone engaged either in the preparation of financial reports based on IFRS or their audit, as well as users of company accounts wishing to gain a fuller insight into the treatment of this important class of asset.
About the author of IFRS: Key Accounting Policies
and other Reporting Considerations
Dr Wayne Bartlett specialises in public sector financial management and budgeting and has worked as a consultant and lecturer throughout the world.
After 7 years in the NHS in the UK, he joined the Home Office as Head of Accountancy Advice.
He has worked closely with a number of Supreme Audit Institutions and has become an expert of the implementation of international accounting standards.
Learners take their own route through the topics covered in the course. They will learn at their own pace through a variety of activities designed to accommodate a range of learning styles.
You might also be interested in
IFRS: The Structure of Financial Statements
IFRS: Property, Plant and Equipment
IFRS: Other Non-Financial Assets
IFRS: Income, Revenue and Revenue Recognition
IFRS: Financial Instruments
Managing Your Transition to IFRS
Register now for free module
To purchase a course or to try a free module please register. Registration is free and there is no obligation to purchase. Just click the button below:
Please review our Frequently Answers Questions (FAQs) for answers to the most common questions we receive (opens in a new window).
Buy IFRS: Key Accounting Policies and other Reporting Considerations
Add to cart / basket
Click on the Buy Now or Add to Cart button above to make your purchase via credit or debit card. Your payment will be collected securely via PayPal. Please note that a PayPal account is NOT required to process your payment (simply click on the option to pay via credit or debit card). No surcharge will be levied on card payments for purchases. You will automatically be emailed a receipt after your purchase.
Pay by invoice and bank transfer
If preferred you can pay via bank transfer (BACS / EFT / Online banking).
Please complete the form below and we will send you an invoice with our bank details.
Other relevant information
View cart or checkout
If using our shopping cart, you can view the cart and checkout here.
You will receive 3 or 12 months (depending upon your chosen option) unlimited free access after payment of a one off registration fee.
Length of courses
Each course takes approximately 4 hours to complete.
Once you've completed the course you will be able to claim 4 verifiable CPD hours, if required. CPD points are claimed by the registered user, who can be someone different to the person who pays if required.
VAT will be calculated and added automatically during the checkout process (and before any payment is taken) based on your location.
VAT is applicable at the prevailing rate for customers within the EU. VAT will be added during checkout at the rate applicable to your Country. For customers outside the EU, where UK VAT is non-applicable, the checkout will automatically detect your location and VAT will not be added.
For customers in the Channel Islands please contact us in advance of purchase.
You will be emailed instructions of how to access your course and an activation code within one working day, usually a few hours.
Do you wish to pay in a different currency?
Simply email firstname.lastname@example.org with a list of the courses you wish to purchase and your chosen currency and we will send you an invoice in your desired currency.
Any more questions?
For any questions, please see our frequently asked questions or send an email to email@example.com