Financial Reporting, leases, income taxes, pensions,, shared based payments and consolidated statements using IFRS

What you'll learn

Apply Core Accounting Standards including IFRS and GAAP to accurately prepare and analyze financial statements.

Master Complex Financial Reporting on assets, liabilities, equity, revenue recognition, and investments with real-world applications.

Account for Advanced Transactions such as leases, pensions, income taxes, and share-based compensation using professional judgment.

Prepare and Analyze Consolidated Financial Statements, including intercompany eliminations and non-controlling interests.

Develop Practical Skills through case studies and real-life scenarios for enhanced decision-making in financial reporting and compliance.

Requirements

Basic Understanding of Accounting Principles

Prior Experience in Accounting or Finance

Familiarity with Financial Statements

Awareness of Common Accounting Standards (IFRS or US GAAP)

Description

Introduction to General Purpose Financial Statements.Detailed overview of all active IASs and IFRSs applicable.Accounting for Assets IFRS/IAS covered: IAS 16, IAS 38, IAS 36, IFRS 5, IAS 40.Accounting for Liabilities FRS/IAS covered: IAS 37, IFRS 9, IAS 1.Accounting for Equity: Treatment under IAS 1, IAS 32, and IFRS 10.Investment Accounting: Understand how to classify and measure financial assets — like equity shares and debt instruments — under IFRS 9. Real-time case study of an investment in equity shares.The accounting treatment of leases from both lessee and lessor perspectives under IFRS 16 — including right-of-use assets, lease liabilities, and classification rules.Real-time case study and flowcharts simplify how leases impact the Balance Sheet and Income Statement.Explore IAS 12 to understand temporary differences, deferred tax assets and liabilities, and how to account for current and future tax consequences in financial statements.Understand how defined benefit and defined contribution pension plans are accounted for under IAS 19.Learn how to recognize and measure employee stock options and other equity-settled or cash-settled share-based payments under IFRS 2, with practical examples.IFRS 10, IFRS 3, and IAS 28 to learn how parent and subsidiary accounts are combined, including goodwill calculation, NCI, and intra-group adjustments.

Overview

Section 1: Introduction to Intermediate Accounting

Lecture 1 Introduction To Intermediate Accounting

Lecture 2 What are International Accounting Standards & IFRS

Lecture 3 Role of IFRS In Accounting

Lecture 4 IFRS & Conceputal Framework of Financial Reporting

Section 2: Financial Reporting

Lecture 5 Objectives Of Financial Reporting

Lecture 6 Assets

Lecture 7 Case study -Accounting Treatment of Assets under IFRS

Lecture 8 Assets Accounting Under IFRS/IAS

Lecture 9 Liabilities Under IFRS/IAS

Lecture 10 Case Study: Accounting for Liabilities Under IFRS

Lecture 11 Equity in Financial Statements under IFRS

Lecture 12 Investments Accounting Under IFRS

Lecture 13 Revenue Recognition Under IFRS 15

Section 3: Advanced Accounting Topics

Lecture 14 Accounting for Leases (Lessee) under IFRS 16

Lecture 15 Accounting for Leases (Lessor) under IFRS 16

Experienced Accountants,Finance Professionals,Accounting Graduates or Postgraduates,Professionals Preparing for Certifications (CPA, ACCA, or CA)