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International Accounting Standards Framework for Preparation and Presentation of Fainancial Statements

Ref Dates Venues Fees
AA 05 11 Feb - 22 Feb Cairo 2500 USD Register Now
AA 05 26 Aug - 06 Sep Malaysia 3750 USD Register Now

Objectives :

  • Identifying the information concerned financial center, work results, Monetary Center and the changes in the property rights. This is according to the frame of the International Federation Accounting Center (IFAC) according to the last update.

Who Should Attend ?

  • Financial Managers and Controllers, Accounting Managers, Auditing Managers

Course Outline :

  • International Accounting Standards Framework
  • IASB
  • Financial statements 
  • Preparation and Presentation of Balance Sheet
    • Elements of Balance Sheet
    • Form of Balance Sheet
    • Classification of Assets
    • Classification of Liabilities
    • Classification of Stockholders Equity
  • Income Statement
    • Recognition and Measurement of Income
    • Gains and Losses
    • Income Statement Classification and Presentation
  • Statement of Changes in Equity 
  • Cash Flow Statement
    • Benefits of Cash Flow Statements
    • Components of Cash and Cash Equivalents
    • Classification of the Statement of Cash Flows
    • Reporting Cash Flows from Operating Activities
      • Direct Method
      • Indirect Method
  • International Accounting Standard 38 Intangible Assets
    • Recognition and measurement separate acquisition
    • Acquisition as part of a business combination
    • Subsequent expenditure on an acquired in-process research and development project
    • Internally generated intangible assets
    • Cost of an internally generated intangible asset
    • Recognition of an expense
    • Past expenses not to be recognized as an asset
    • Intangible assets with finite useful lives
    • Amortization period and amortization method
    • Intangible assets with indefinite useful lives
    • Recoverability of the carrying amount—impairment losses
    • Retirements and disposals
    • Disclosure 
  • International Accounting Standard 8 Accounting Policies, Changes in Accounting Estimates and Errors
    • Accounting policies
    • Selection and application of accounting policies
    • Consistency of accounting policies
    • Changes in accounting policies
    • Applying changes in accounting policies
    • Retrospective application
    • Limitations on retrospective application
    • Disclosure
    • Changes in accounting estimates
    • Disclosure
    • Errors
    • Limitations on retrospective restatement 
  • International Accounting Standard 10 Events after the Reporting Period
    • Recognition and measurement
    • Adjusting events after the reporting period
    • Non-adjusting events after the reporting period
    • Dividends
    • Going concern
    • Disclosure
  • International Accounting Standard 21 The Effects of Changes in Foreign Exchange Rates
    • Initial recognition
    • Reporting at the ends of subsequent reporting periods
    • Recognition of exchange differences
    • Change in functional currency
    • Use of a presentation currency other than the functional
    • Currency
    • Translation to the presentation currency
    • Translation of a foreign operation
    • Disposal or partial disposal of a foreign operation
    • Tax effects of all exchange differences
    • Disclosure

Duration :

Two weeks