Online Course on IFRS:
The Structure of Financial Statements
Do you understand the fundamental principles underlying IFRS? Without a clear understanding of the essential background to the IFRS regime as a whole, it is impossible to fit the individual IFRSs into the bigger picture.
This course explains the design of financial statements within International
Financial Reporting Standards (IFRS) and considers their key components,
as well as what each statement is trying to achieve.
You will recognise the information that needs to be included as well as the
concepts of fair presentation, accruals and going concern, building to a
full understanding of the core framework into which the IFRSs fit.
Understanding IFRS: The Structure of Financial Statements enables the learner to:
• Understand basics principles and aims of the IFRS regime
• Comprehend the general rules regarding financial statements prepared under IFRS
• Gain an overview of the reports
“Great refresher on conceptual framework, fundamentals of general purpose financial statements.”
“I was looking for an overview of IFRS which this course gave me. It pointed me in the right direction for further investigation of areas specific to my needs.”
“It provided a good background to IFRS.”
|You can review this course using the questionnaire in the course completion area.|
Learning outcomes of IFRS: The Structure of Financial Statements
The aims of IFRS
• What is the significance of general purpose financial statements?
• What is IFRS aiming to achieve?
• What are the basic principles underlying the IFRS regime?
• Is there an IFRS for all possible scenarios?
• What are the key financial statements included in IFRS?
• How important are the disclosure notes?
• What does IAS 1 say about the purpose of financial statements?
• What information must be included in the financial statements?
• What does “fair presentation” mean?
• What does “accruals” mean?
• What is the “going concern” concept?
The statement of financial position
• What is the statement of financial position trying to achieve?
• How are assets and liabilities defined?
• What information must be included in the statement of financial position?
• How does the statement of financial position actually work?
• What is the impact of the distinction between current and non-current assets and liabilities?
• What is the situation with current liabilities?
• What is the situation with disclosures?
The statement of comprehensive income
• What is the statement of comprehensive income trying to achieve?
• What is the relevance of minority interest?
• What are the various types of income included in the statement of comprehensive income?
• What information on comprehensive income can be included?
• What is the “nature of expense” and the “function of expense” method?
Other financial statements and disclosure notes
• What is the purpose of the statement of changes in equity?
• What is the purpose of the statement of cash flows?
• What do we mean by operating, investing and financial activities?
• What is general structure of the statement of cash flows?
• What does IAS 1 say about the structure of the notes?
• What are the rules relating to the disclosure of accounting policies in the financial statements?
• What is meant by “sources of estimation uncertainty”?
• What does IAS 1 say about capital?
Target audience for IFRS: The Structure of Financial Statements
For accounting and finance professionals who are engaging with IFRS for the first time.
About the author of IFRS: The Structure of Financial Statements
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
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: The Structure of Financial Statements
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 email@example.com 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 firstname.lastname@example.org