Learning outcomes

What will you learn?

The objectives and scope of IAS 29 and when the standard applies.

How to identify a hyperinflationary economy and key indicators of hyperinflation.

The restatement process for financial statements under IAS 29, including monetary and non-monetary items.

Methods for adjusting equity, income, and cash flow statements for the effects of hyperinflation.

Practical examples of applying IAS 29 and interpreting restated financial information.

Participants

Who is this course designed for?

Accountants and finance professionals working in or with hyperinflationary economies.

Auditors who review financial statements prepared under IAS 29.

Financial controllers and CFOs responsible for reporting in volatile economic environments.

Advisors and consultants supporting clients with IFRS compliance in challenging market conditions.

Pre-requisites

Necessary Qualifications

A background in accounting, finance, or business administration.

Basic understanding of IFRS financial statements and reporting principles.

Experience with inflation-adjusted reporting is beneficial but not mandatory.

Course Content

What will you study?

Purpose and effective date of IAS 29.

Indicators of hyperinflation under IFRS.

Restatement of non-monetary items and monetary items.

Impact of hyperinflation on equity, profit, and loss.

Adjusting comparative amounts and disclosures.

Practical application examples and case studies.