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