with Robert Kirk
IFRSs form the basis of reporting for all PLCs in Ireland and also subsidiaries of European listed companies.
This course has been designed to provide delegates with an overview of the main aspects of the ‘core’ standards and to relate these to comparative standards in the United States as well as outlining the main differences from local generally accepted accounting practice in FRS 102.
The course is particularly suitable for those accountants who have just moved into a statutory reporting role for Plcs but also for accountants who have to marry IFRS/FRS with US Gaap when preparing the appropriate consolidation data for their US parents.
The following ‘core’ international financial reporting standards will be examined and compared with their US equivalents and with the local FRS 102 and will cover the following topics;
• IAS 1 Presentation of financial statements
• IAS 8 Accounting policies, changes in accounting estimates
• IAS 16 Property, plant and equipment
• IFRS 16 Leases
• IAS 36 Impairment of assets
• IAS 2 Inventories
• IFRS 15 Revenue from contracts with customers
• IAS 37 Provisions, contingent liabilities and
• IFRS 3 Business combinations
• IAS 28 Investments in associates and joint ventures
• IAS 21 The effects of changes in foreign exchange rates
• IAS 7 Cash flow statements
• IFRS 5 Non-current assets held for sale and
the presentation of discontinued operations