Learning outcomes

What will you learn?

The objectives, scope, and key requirements of IAS 1.

How to structure and present financial statements in accordance with IAS 1.

The significance of fair presentation and materiality in financial reporting.

Practical examples of preparing financial statements, including balance sheets, income statements, and notes.

Participants

Who is this course designed for?

Accountants responsible for preparing financial statements in compliance with IFRS.

Finance managers and controllers overseeing financial reporting within organizations.

Auditors and consultants involved in reviewing or advising on financial statement disclosures.

Financial analysts and professionals working in multinational corporations.

Pre-requisites

Necessary Qualifications

Basic knowledge of accounting and financial reporting principles.

Familiarity with the structure and components of financial statements.

Prior experience with financial statement preparation is recommended.

Understanding of International Financial Reporting Standards (IFRS) is an advantage.

Course Content

What will you study?

Purpose and scope of IAS 1

General features and assumptions in financial reporting

Structure of financial statements

Accrual basis and materiality principles

Presentation and classification of financial statement items

Requirements for disclosures and comparative information

Recent amendments and updates to IAS 1