The Introduction to IAS 1

Learn major concepts of IAS 1 for Financial Reporting

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Description

IAS/IFRS standards constitute a standardized way of describing the company’s financial performance and position so that company financial statements are understandable and comparable across international boundaries. Additionally, they are particularly relevant for companies with shares or securities listed on a public stock exchange.


This course is an introduction for accountants or professionals who want to learn in more detail about the IAS 1 for Financial Reporting that is increasingly adopting by more organizations around the world. This course provides clear guidelines about the underlying concepts of the IAS 1 which is going concern assumption; The components of financial statements ; Materiality Concept; Classification of Assets and Liabilities; Specific situations in classification of assets and liabilities; Analysis of expenses . Many real-world examples about the IAS 1 application will also help you perceive the concepts easily. 


After studying this course you will be able to understand deeply about IAS 1 for Financial Reporting properly whether for studying or pursuing a career for organizations that require using IAS/IFRS standard as a major accounting policy.


Who this course is for:

  • General Accountant, Asset accountants

  • Compliance Risk Professionals

  • CFO, Finance Head

  • External/Internal Auditors and Internal Controls Professionals

  • Risk Management Students, Business and Finance Students, Banking Students.

  • Other learners who want to learn about basic concepts of IAS 1 in action

What You Will Learn!

  • World-class PwC training about IAS 1 delivered by former PwC Auditor
  • Understand deeply about underlying concepts of the IAS 1 and the objectives of financial statements
  • Understand deeply about The components of financial statements (excluding the statement of cash flow)
  • Understand deeply about classification of assets and liabilities

Who Should Attend!

  • Accounting and financial professionals who want to learn more about IAS 1 and its applications as well as students who are studying ACCA, CIMA...
  • External Auditors
  • Internal Auditors who are specialized in Financial Audit or about to audit Financial Statement of specific institutions adopting IFRS standards
  • Learners who want to understand deeply about modern international accounting treatment