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Course Overview
This course is designed for financial accountants and controllers wanting a detailed understanding of international standards of the International Accounting Standards. Auditors, Analysts and interpreters of IAS/IFRS financial statements will also benefit greatly from the course and this course will also be of particular benefit to accountants moving into a financial accounting role from other fields.

Course Objectives
At the end of the course delegates will learn:
• An in-depth working knowledge of the new ‘world standard’ of financial reporting
• A technique for extracting the key requirements from standards, and guidance on interpretation and practical application of the standards
• An awareness of the differences between UK, US and international standards
• An understanding of imminent changes to IFRS  

Course Outline
Introduction Concepts and presentation
• The IASB conceptual framework
• IAS 1 - presentation of statements
• IAS 10 - events after balance sheet
• IFRS 5 - assets held for sale and discontinued operations
• IAS 7 - cash flow statements Policies and revenue
• IAS 8 - accounting policies
• IAS 18 - revenue
• IAS 11 - construction contracts; revenue and work-in-progress Inventory and property, plant and equipment Group Account and International Standards

Laptop Included