The syllabus outlines the conceptual and regulatory framework for financial reporting. The course introduces the International Accounting Standards Board (IASB), and its conceptual framework, which serves as the base for developing IFRS. It moves on with accounting for transactions in accordance with International IFRS Standards. An overview of all applicable standards is provided in detail for assets and liabilities. Apply professional judgement in the reporting of the financial performance of a range of entities
Prepare the financial statements of groups of entities. When presenting the selected standards, the underlying concepts are covered first and their practical application is demonstrated next.