IFRS: Policies, Changes, Errors; Events After Reporting Date; Related Parties (IAS 8, 10 and 24)
AICPA's IFRS Certificate Program
This course is part of the IFRS Certificate Program – a comprehensive, integrated curriculum that will give you the basic training, knowledge, and practical guidance in international accounting standards that are necessary in today's global business environment. Credit for individual courses purchased can be applied to the full program. Click here for information on the complete program.
The purpose of this course is to familiarize you with the guidance on selection of accounting policies as described in IAS 8, Accounting Policies, Changes in Accounting Estimates and Errors; IAS 10, Events after the Reporting Period; and IAS 24, Related Party Disclosures.
Upon completion of this course, you will be able to:
- Determine how to select an accounting policy and the criteria for determining when it is appropriate to change an accounting policy
- Understand the treatment and disclosures for changes in accounting estimates and error corrections
- Understand when an entity should adjust its financial statements for events after the reporting period
- Understand the disclosures required for related party transactions
Advance Preparation: None
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