IAS 1, IAS 24 & IAS 37 – On Demand | Globaltraining

IAS 1, IAS 24 & IAS 37 - On Demand


Duration
3 hours
Cost
€100
Tel
+357 22841795/715
Email Address
Online

Lecturer(s)

Eliana Charalambous
Lecturer - SBR

Objective:

This seminar will set out the requirements of IAS1, IAS24, and IAS37 and enable you to

  • Understand the standard in detail and its relevant practical implications
  • Be updated on recent changes and developments and
  • Apply the relevant requirements in practice.

Course Outline:

More specifically the seminar will address the following topics:
IAS 1 – Presentation of Financial Statements: 

  • Objectives of IFRSs governing the presentation of financial statements
  • Describe the structure and content of statements of financial position and statements of profit or loss and other comprehensive income  Discuss ‘fair presentation’ and the accounting concepts/principles

IAS 37 – Provisions, Contingent Liabilities and Contingent Assets:

  • Define provisions, legal and constructive obligations, past events and the transfer of economic benefits
  • State when provisions may and may not be made, and how they should be accounted for
  • Explain how provisions should be measured
  • Define contingent assets and liabilities – give examples and describe their accounting treatment
  • Identify and account for: 1. Onerous contracts 2. Environmental and similar provisions
  • Discuss the validity of making provisions for future repairs or renewals.

IAS 24 – Related Party Disclosures

  • Define and apply the definition of related parties
  • Explain the disclosure requirements for related party transactions.

Participants’ Profile:  

All professionals seeking to obtain in depth understanding of the accounting standards whether working in the profession or the industry

Registration

To register for this seminar, please click here.

Registration can also be done through our online store.

For further information please contact us.