Outcomes
By the end of this training course, trainees will be able to :
- Prepare the statement of cash flows: direct and indirect method .
- Apply relevant financial reporting standards of financial instruments in practical cases.
- Identify and apply disclosure requirements of financial instruments in financial reports and notes.
- Explain the accounting treatments on leases .
- Apply the accounting treatments on PP&E and the accounting on impairment of assets .
- Identify fair value measurements and financial statement recognition issues and presentation.
Target Group
- Senior accountants in financial institutions and companies .
- Credit managers.
- Those who are dealing with financial instruments (debt and equity investments), fair value measurement and leases.
- Preparers of financial statements .
Contents
- This course will cover the following standards:
- IFRS 9 Financial Instruments.
- IFRS 16 Leases .
- IAS 7 Statement of Cash Flows.
- IAS 16 Property, Plant and Equipment (PP&E).
- IAS 36 Impairment of Assets .
- The purposes of conceptual framework of financial reporting.
- The complete set of financial statements under IFRS.
- Definition, recognition, and measurement of elements.
- Concepts of fair value measurement.
- The general-purpose financial reporting “The financial Statements” and their components.
- Preparation of statement of cash flow: direct method .
- Preparation of statement of cash flow: indirect method .
- Accounting on leases: lessor and lessee .
- The basic concepts of accounting and financial reporting disclosures classifying financial instruments as financial asset, financial liability and equity instrument.
- Recognition of financial instruments (debt instrument, equity instrument).
- Accounting on debt investments and equity investments .
- Various classifications of financial instruments (amortized cost, fair value through other comprehensive income, fair value through profit or loss).
- Accounting on PP&E: revaluation model .
- Accounting on the impairment of assets .
- Practical cases .
