Presentation of Financial Statements (IAS 1) and Events After the Reporting Period (IAS 10)

Overview

This course is part of the IFRS Certificate Program - a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.

This self-study course addresses requirements of IAS 1, Presentation of Financial Statements, and IAS 10, Events After the Reporting Period, including the following:

• The objective, structure, and content of financial statements
• Overriding concepts such as fair presentation, consistency, materiality, going concern, accrual basis, and offsetting
• The statement of financial position, including line items
• The statement of profit or loss and other comprehensive income, including line items and classification
• The statement of changes in equity
• Notes and comparatives
• Adjusting and nonadjusting events after the reporting period and related disclosures

This course includes interactive learning elements, video content, and real-life application through case studies.

Note: Individual courses purchased within the last year can be applied toward the purchase of the IFRS Certificate Program. Find out more.

Prerequisites

Familiarity with financial reporting and accounting principles under IFRS

Objectives

Learning Outcomes

• Recall the statements and disclosures that compose a complete set of financial statements.
• Recognize the format of a complete set of financial statements.
• Identify the general disclosure requirements for financial statements, taking into consideration offsetting, going concern, comparability, and consistency.