IFRS: The Structure of Financial Statements - eLearning

Do you understand the fundamental principles underlying IFRS?

Without a clear understanding of the essential background to the IFRS regime as a whole, it is impossible to fit the individual IFRSs into the bigger picture.

This course explains the design of financial statements within International Financial Reporting Standards (IFRS) and considers their key components, as well as what each statement is trying to achieve. You will recognise the information that needs to be included as well as the concepts of fair presentation, accruals and going concern, building to a full understanding of the core framework into which the IFRSs fit.

Upon satisfactory completion of this activity you will be able to:
• Understand the basic principles and aims of the IFRS regime.
• Comprehend the general rules regarding financial statements prepared under IFRS.

Benefits:
Benefit from this refresher on the IFRS conceptual framework and fundamentals of general purpose financial statements.