Financial Statement Disclosures under IFRSs: What You Need to Know 

Learning Objectives:
This session will focus on the financial statement disclosures required under the International Accounting Standards. You will specifically learn about the disclosure requirements for Accounting Policies, Changes in Accounting Estimates and Errors, Events after the Reporting Period, Related Party Disclosures, Earning Per Share, Interim Financial Reporting and Operating Segments. At the conclusion of this session you will be able to:

• Define the treatment (e.g., Prior Period Adjustment) of Changes in Accounting Policies and the required disclosures
• List examples of Changes in Accounting Estimates and the respective disclosures
• Define how Prior Period Errors are treated
• Define what constitutes Events after the Reporting Period and how they are disclosed within the financial statements
• Define a Related Party and how it is disclosed within the financial statements
• List how Earnings Per Share is calculated and how it is disclosed
• Define the financial statements included within Interim Financial Reporting as well as the Minimum Explanatory Notes requirement
• Define the rationale for reporting by Operating Segments as well as the associated disclosures
• Access a valuable checklist that can assist in the preparation and presentation of complete and accurate financial statement disclosures under International Accounting Standards (IAS 8, IAS 24, IAS 33, and IAS 34)

Delivery Method:
Self-Study

Program Level:
Intermediate