Learning outcomes

What will you learn?

The purpose and objectives of IAS 24 in ensuring transparency and accountability.

How to identify related parties and understand the scope of disclosure requirements.

Key concepts such as control, joint control, and significant influence.

Disclosure of transactions and balances with related parties, including commitments.

Special considerations for government-related entities.

Practical examples of how related party transactions affect financial reporting.

Course content

Participants

Who is this course designed for?

Accountants and finance professionals aiming to strengthen their IFRS knowledge.

Auditors reviewing disclosures in compliance with international standards.

Financial controllers and CFOs responsible for corporate reporting.

Consultants and advisors assisting clients with IFRS compliance.

Pre-requisites

Necessary Qualifications

A background in accounting, finance, or business administration.

Basic understanding of financial reporting and IFRS concepts.

Experience in financial statement preparation or audit is recommended.

Familiarity with national accounting standards is useful but not required.

Course Content

What will you study?

Introduction and objectives of IAS 24.

Scope and application of related party disclosures.

Definitions: related parties, key management personnel, and government-related entities.

Purpose and importance of related party disclosures.

Recognition and disclosure of transactions, balances, and commitments.

Disclosure requirements for key management personnel compensation.

Exemptions for government-related entities.

Practical examples and case studies to reinforce learning.