International Financial Reporting Standards (IFRS)

Understanding the history and significance of IFRS in global financial reporting.

The benefits and challenges of adopting IFRS.

Exploring the fundamental principles and concepts of IFRS.

Understanding the accrual basis of accounting and its application in financial reporting.

Learning how to prepare financial statements in accordance with IFRS, including the Statement of Financial Position, Statement of Comprehensive Income, and Statement of Cash Flows.

Examining the accounting treatment of various liabilities, including borrowings, provisions, and employee benefits.

Learning how to recognize and account for revenue under IFRS, including complex revenue recognition scenarios.

Understanding the classification, measurement, and disclosure of financial instruments, including derivatives.

Exploring the principles of consolidation when an entity has controlled or subsidiary relationships.