Webinar Training Course
IFRS – IAS 1 Presentation of Financial Statements
Price: |
Firm/Group/Company - R900.00 (VAT Incl.)
Individuals - R300.00 (VAT Incl.) |
Price (MLU Subscriber): |
Firm/Group/Company - R776.25 (VAT Incl.)
Individuals - R258.75 (VAT Incl.) |
Presenter: | Mr Tristan White |
Date: | 14 Dec '21 |
Times: | 09h00-12h00 |
Duration: | 3 |
CPD Hours: | Attending the course and successfully completing the post-assessment, will grant you 3 hour/s verifiable CPD, recognised by the various professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc). Please note that the CPD certificate will only be issued once the post-assessment has been completed. |
Platform: | Web Based (Online) |
Contact Person: |
Tristan White
T: 011 886 1395 E: gillian@probetatraining.co.za |
Back Book Now |
IFRS / IAS standards assist in identifying and recognising business transactions for accounting purposes, and the required reporting of those transactions in a set of financial statements.
This session focuses on IAS 1, highlighting various aspects of financial statements, and what needs to go into an IFRS set, including:
• the requirements in preparing each individual statement i.e., balance sheet, income statement, notes, etc.
• underlying principles, like going concern, the need for comparatives, inter alia,
• structure / form / minimum content of individual statements, and
• other disclosures, for example, judgement and estimation uncertainty, dividends, amongst others
IAS 1 provides guidance in preparing IFRS-compliant financial statements, and the relevant content covered in this session includes:
• Pervasive principles:
o Going concern, accrual basis, comparatives, fair presentation, materiality and aggregation
• Minimum statements included in a set of financial statements, and the minimum required line items within each statement, for:
o Balance sheet,
o Income statement,
o Statement of changes in equity, and
o Notes to the financial statements
o NOTE: Statement of cash flows is dealt with separately in IAS 7
• Accounting policy elections in terms of statements to be presented
• Other key disclosures,
o Judgement / key assumptions
o Dividends
o Entity particulars
• Appropriate terminology / naming convention used in financial statements
NOT COVERED: Statement of Cash Flows as it is dealt with separately under IAS 7
☒Financial managers
☒Auditors
☒Bookkeepers
☒Financial accountants
☒Audit mangers
☒Audit partners
☒Engagement Quality Control Reviewers