International Financial Reporting Standard Conversion Workshop

COURSE CONTENTS:

Statement of Financial Position

Elements of statement of financial position

·          Forms and formats

·          Classification of assets and Liabilities

·          Classification of stockholder’s equity

Comprehensive Income

·          Concepts of comprehensive income

·          Recognition and Measurement

·          Items on the income Statement

·         Components of other comprehensive income

Statement of changes in equity and Statement of cash flows

·          Disclosures and Alternative

·          Reporting Non-Controlling interests

·          Operating, Investing and financing cash flows

Accounting for assets:

·         Cash and Receivables

·          Measuring and Valuing of Inventory

·          Property, Plant and Equipment

·          Accounting for Investment Property

·          Intangible assets and Research and Development (R&D) costs

·          Fair value measurement Liabilities And Stockholders’ Equity

·          Current Liabilities and Accruals

·          Accounting for Contingencies

·          Long-term Liabilities

·          Accounting for debt and equity Transactions

·          Capital Retained Earnings Reserves

·         Revenue recognition:

·          Concepts, Rules and Examples

·         Revenue Recognition Criteria

·          Measurement of Revenue

 Duration: 3 days

Class Session : 10:00am – 4:00pm each day including Breakfast and Lunch time