Piron Education

 

Syllabus Content

International sources of authority

  • The structure of the International Accounting Standards Board (IASB)
  • The standard setting process
  • The role of the International Financial Reporting Interpretations Committee
  • Progress towards international harmonization
  • The IASB “Framework for the Preparation and Presentation of Financial Statements”
  • The first time adoption of international financial reporting standards

Elements of financial statements

  • Property, plant and equipment
  • Intangible assets
  • Goodwill
  • Current assets including inventories
  • Construction contracts
  • Liabilities
  • Financial instruments
  • Provisions and contingencies
  • Employment and post-employment benefits
  • Current and deferred tax
  • Biological assets and agricultural produce
  • Share-based payment
  • Exploration and evaluation expenditures

Presentation and additional disclosures

  • Events after the balance sheet date
  • Earnings per share
  • Related party disclosures
  • Interim financial reporting
  • Effects of changes in foreign exchange rates
  • Operating segments

Preparation of external financial reports for single entities

  • Income statements and discontinued operations
  • Cash flow statements
  • Statement of changes in equity
Preparation of external financial reports for combined entities and joint ventures
  • Definitions of subsidiaries, investments in associates and joint ventures
  • Preparation of consolidated balance sheets and income statements
  • Equity accounting
  • Proportionate consolidation and joint ventures