It is time to give some thought to how we account for the business transactions we enter into or those that we are tasked with auditing.

Are you perhaps in the habit of accounting for / treating transactions or interpreting them in one particular way, without applying your mind?

We want to help refresh your understanding of the IFRS requirements with a high-level overview of several IFRS / IAS standards that tend to be commonplace in business.

• Help you better identify when a particular standard is relevant to a transaction i.e., we’ll briefly consider scoping and definitions
• Simplify recognition criteria
• Clarify initial and subsequent measurement
• Provide a summary of disclosure (will not be discussed in depth).

Content:

We will spend 20 to 30 minutes on each standard/topic to ensure you gain the insights you need without feeling overwhelmed.

General:

• IFRS – IAS 8 Accounting Policies, Changes in Estimates, and Errors
• IFRS 13 Fair Value Measurement

Special Investments:

• IFRS 3 Business Combinations
• IFRS 10 Consolidated Financial Statements
• IFRS 11 Joint Arrangements
• IFRS – IAS 28 Investments in Associates and Joint Ventures

Assets & Liabilities:

• IFRS 9 Financial Instruments
• IFRS - IAS 37 Provisions

Income Statement & Disclosure:

• IFRS 7 Financial Instruments Disclosure
• IFRS - IAS 19 Employee Benefits
• IFRS - IAS 24 Related Parties Disclosure