Financial statements
Accounting standards
Written exam
Problem solving
Fundamentals of accounting
The regulatory and conceptual framework
The need for regulation
Generally accepted accounting practice
The International Accounting Standard Board (IASB)
The Conceptual Framework
Presentation of financial statements
Components of financial statements
The statement of financial position
The statement of comprehensive income
Statement of cash flows
The statement of changes in equity
The notes to the financial statements
Segmental Analysis
Management commentary
Accounting policies, accounting estimates and errors
Property, plant and equipment
Regognition
Measurement
Depreciation
Borrowing costs
Government grants
Investiment properties
Intangible Assets
Regognition
Measurement
Amortization
Goodwill
Business combinations
Impairment of Assets
Indication of impairment
Recoverable amount
Cash generating unit
Non current assets held for sale and discontinued operations
Leases
Classification of leases
Accounting for operating leases
Accounting for finance leases
Inventories
Cost of inventories
Net realisable value
Financial instruments
Classification
Measurement
Provisions and events after the reporting period
Recognition of a provision
Measurement of a provision
Contingent liabilities and contingent assets
Events after the reporting period
Revenue from contracts with customers
Identifying the contract
Identifying the performance obligations
Determining the transaction price
Allocating the transaction price
Satisfaction of performance obligations
Contract costs
TEXTBOOK:
Alan Melville, International Financial Reporting. A Practical Guide, 6th Edition, Pearson, chapters:
1. The regulatory framework
3. Presentation of Financial Statements
4. Accounting Policies, accounting estimates and errors
5. Property, plant and equipment
6. Intangible assets
7. Impairment of assets
8. Non-current assets held for sale and discontinued operations
9. Leases
10. Inventories
11. Financial Instruments
12. Provisions and events after the reporting period
13. Revenue from contracts with customers
16. Statement of Cash Flows
24. Segment Analysis
Slides and other teaching materials posted on the courses' web page (Moodle)
Written exam