International Financial Reporting

Stouffville College
Toronto, ON, Canada

Course Format: Classroom | E-learning | Virtual Class | Online | On-site | Blended | Self-paced

Course Description:

'' The key topic area headings are as follows:

�International sources of authority
�Elements of financial statements
�Presentation and additional disclosures
�Preparation of external financial reports for single entities
�Preparation of external financial reports for combined entities and joint ventures


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1. International sources of authority

The structure of the International Accounting Standards Board (IASB)

The standard setting process

The role of the International Financial Reporting Interpretations Committee

Progress towards international harmonisation

The IASB "Framework for the Preparation and Presentation of Financial Statements"

The first time application of International Financial Reporting Standards

2. Elements of financial statements

Property, plant and equipment

Intangible assets

Goodwill

Current assets including inventories

Construction contracts

Liabilities

Financial instruments

Provisions and contingencies

Employment and post-employment benefits

Accounting for tax

Accounting for agriculture

Share based payment

3. Presentation and additional disclosures

Events after the balance sheet date

Earnings per share

Related party disclosures

Interim financial reporting

Effects of changes in foreign exchange rates

Segment reporting

4. Preparation of external financial reports for single entities

Income statements and discontinuing operations

Cash flow statements

Statement of changes in equity

5. Preparation of external financial reports for combined entities and joint ventures

Definitions of subsidiaries, investments in associates and joint ventures
Exclusions from consolidations

Preparation of consolidated balance sheets and income statements
Equity accounting

Proportionate consolidation and joint ventures

Excluded topics
The following topics are specifically excluded from the syllabus:

�Partnership and branch financial statements

�Complex group structures, including sub-subsidiaries or mixed groups and foreign subsidiaries

�Piece-meal acquisitions, disposal of subsidiaries and group re-constructions

�Financial statements of banks and similar financial institutions

�Group cash flow statements

�Schemes of reorganisation and reconstruction

�Company/share valuation

�Accounting for insurance entities

�International financial reporting exposure drafts and discussion drafts

�The international public sector perspective

�Multi-employer benefit schemes

�Share-based payment transactions with cash alternatives


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Phone:(416) 850 3030

School Address:

18 Wynford Dr. Suite# 615, Toronto, Ontario, Canada, M3C 3S2

Jobs & Resumes: Toronto
Houses & Roommates: Toronto

ACCA Fundamentals level
ACCA Professional level
Certified Accounting Technician
INTERPRETATION OF FINANCIAL STATEMENTS
PERFORMANCE MANAGEMENT
FINANCIAL STRATEGY
RISK MANAGEMENT
Management & Business Administration
Advertising
Sales
Distribution And Channels Of Distribution
Logistics and Supply Chain Management

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