1. Prepare general purpose financial reports including consolidated statements of financial position and consolidated statement of profit or loss and other comprehensive income involving a single subsidiary and associate.
2. Calculate the value of Investment in associates as per the equity method of accounting.
3. Calculate and interpret ratios to give an assessment of an entity’s performance and financial position with different benchmarks and discuss window dressing of financial statements to produce the desired effect.
4. Apply the principles and concepts concerning measurement, retrospective adjustments, presentation and disclosure of basic and diluted earnings per share.
5. Understand the local requirements of preparing financial statements.
1. Apply the principles and concepts for recognition, measurement and disclosure of current tax and deferred tax asset and liability (excluding Business Combinations).
2. Apply the principles and concepts of recognition, measurement, presentation and disclosure of Revenue from contracts.
3. Understand and apply the fundamental principles of professional ethics to identify, evaluate and address the threats to compliance with fundamental principles and comprehending the ethical responsibilities of a Chartered Accountant in the preparation and reporting of financial information.
4. Understand the fundamentals of ESG and sustainability.
1. Apply the principles and concepts with respect to disclosure and measurement of operating and reportable segments.
2. Apply the principles and concepts for recognition, measurement, presentation and disclosure of Leases (Excluding modification, sale and lease back and reassessment).
3. Apply the principles and concepts with respect to recognition, classification and measurement of financial instruments including preparation of journal entries including the basic concept of recognition of impairment using ECL model. (excluding complexities of impairment, reclassification, derivatives, embedded derivatives, hedge accounting, de-recognition and modification).
4. Apply the principles and concepts for recognition, measurement and disclosure of Provisions, Contingent liabilities and Contingent assets.
5. Apply the principles and concepts for recognition, measurement and disclosure of adjusting and non- adjusting events after the reporting period.
6. Apply principles and concepts in respect of effect of changes in foreign exchange rates on foreign currency transactions.
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Tag Region’s Prize Winner (SBL)
Master the complexities of corporate financial reporting and group accounting. This course focuses on the advanced application of International Financial Reporting Standards ($IFRS$) to prepare consolidated financial statements and handle specialized accounting topics like deferred taxation and leases.