1. Apply and discuss the requirements of the conceptual framework for financial reporting.
2. Understand the purpose of the regulatory system, including the roles of IFRS Foundation, IASB, IFRS Advisory Council, IFRS Interpretations Committee, ISSB.
3. Apply the principles, laws and concepts for a company, with respect to preparation and presentation of:
Statement of Financial Position
Statement of Profit or Loss
4. Prepare financial statements from incomplete records
5. Describe the requirements of Accounting standard for non-profit organizations.
1. Prepare the Statement of Changes in Equity.
2. Apply the principles and concepts of selecting and applying accounting policies, accounting for changes in estimates and reflecting corrections of prior period errors.
3. Prepare the Statement of Cashflows.
1. Apply the principles and concepts of recognition, measurement at recognition and after recognition and disposal of property plant and equipment, the determination of their carrying amounts, and the depreciation charges and impairment losses to be recognized in relation to them.
2. Apply the principles and concepts for recognition and measurement of intangible assets and expense; and measurement after recognition and disclosure of intangible assets (including website costs).
3. Apply the principles and concepts of recognition, measurement and disclosure of borrowing costs.
4. Apply the principles and concepts of carrying assets (other than cash-generating unit and goodwill) at no more than their recoverable amount and recognition of impairment loss and reversal thereof.
5. Apply the principles and concepts of recognition, measurement, transfer, disposal and disclosure of Investment Property.
6. Apply the principles and concepts of accounting and disclosure of Government grants, other Government assistance and loans granted by the government (subsidized and forgivable).
Teacher
Years Of Experienc
No of Students
Tag Region’s Prize Winner (SBL)
Transition from basic bookkeeping to professional financial reporting. This course focuses on the application of International Financial Reporting Standards (IFRS) to prepare financial statements for single entities, with a deep dive into fixed assets, inventory, and various accounting policies.