lang="en-US"> Application of IFRS - AFAP
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Application of Financial Reporting Standards 

This Course will help you to understand conceptual details of various IASs and IFRSs.

ALL STANDARDS WITH LATEST AMENDMENTS

BRIEF AND PRACTICAL UNDERSTANDING

Course Fee: Rs. 10,000 per participant 

Duration: 24 hours (4 weeks)

Course Coverage:

  1. Objectives of general purpose financial reporting.
  2. What are the financial statements as per IFRSs’ requirements?
  3. Application of the recognition criteria for assets and liabilities.
  4. Concepts of accrual basis for accounting and the going concern assumption.
  5. Concepts of capital and capital maintenance
  6. Objectives, recognition, Measurement bases, disclosures of various IFRS and IAS standards

 

Descriptive Details:

This course will cover most of the International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS).

The course is basically designed for commerce students and working professionals in accounting field. Anyone interested to equip in latest international accounting standards will find this course helpful.

The course will be conducted through hybrid interactive session (Physical and Online at the same time). Any organization or group of more than 10 people if desired, a physical environment may be arranged for separate session.

There is a separate time allocated for question and answers after completion of every topic and a session shall be held for 1 hour at end for answering queries.

This course will help you to gain understanding of international accounting standards and their practical use in the preparation of financial statements like Statement of Financial Position, profit or loss, other comprehensive income, changes in equity and cash flows etc.

Standards Covered:

The following standards are covered under this course:

Conceptual Framework of financial reporting standards,

IAS 01 Presentation of Financial Statements

IAS 02          Inventories

IAS 07          Statement of Cash Flows

IAS 08          Accounting Policies, Changes in Accounting Estimates and Errors

IAS 10          Events after the Reporting Period

IAS 12          Income Taxes

IAS 16          Property, Plant and Equipment

IAS 19          Employee Benefits

IAS 20          Accounting for Government Grants and Disclosure of Government Assistance

IAS 21          Effects of Changes in Foreign Exchange Rates

IAS 23          Borrowing Cost

IAS 24          Related Party Disclosures

IAS 32          Financial Instruments: Presentation

IAS 33          Earnings Per Share

IAS 34          Interim Financial Reporting

IAS 36          Impairment of Assets

IAS 37          Provisions, Contingent Liabilities and Contingent Assets

IAS 38          Intangible Assets

IAS 40          Investment Property

IAS 41          Agriculture

IFRS 01        First Time Adoption of International Financial Reporting Standards

IFRS 02        Share-based Payment

IFRS 03        Business Combinations

IFRS 05        Non-Current Assets Held for Sale and Discontinued Operations       

IFRS 06        Exploration and Evaluation of Mineral Resources

IFRS 07        Financial Statements Disclosures       

IFRS 08        Operating Segments

IFRS 09        Financial Instruments

IFRS 11        Joint Arrangements

IFRS 12        Disclosure of Interest in Other parties

IFRS 13        Fair Value Measurement

IFRS 15        Revenue from Contracts with Customers

IFRS 16        Leases

Practical Implementation:

Application of every standard by renowned listed entities shall also be shared and discussed so that disclosure application of this course could be easier and one can understand that he has learned very much to be able to perform majority of the reporting tasks.

Outcome & Benefits:

After completion of this course you will be able to provide disclosure and apply recognition and measurement criteria confidently. This will help you getting finance and accounting jobs and in case where you are already appointed it will help you promotion and raise in benefits.

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