International Accounting Standards

Curriculum

Overview

Contents of the training:

IAS 1: Presentations of Financial Statements
1. Elements of the Financial Statements
2. Components of the Financial Statements
3. General features
4. Details discussion regarding the information presented in
a) Statement of Financial Position
b) Statement of Profit and loss and other comprehensive income
c) Statement of changes in equity
d) Statement of Cashflows
e) Notes
IAS 7: Statement of Cashflows
5. Objective of the statement of cash flows
6. Usefulness of cash flow
7. Methods of preparation of cash flow statements
8. Types of activities in cash flow statements
9. Details regarding the preparation of cash flow statement under direct method and indirect method with an example.
IAS 12: Income Taxes
10. Concept regarding Current Tax and Deferred tax
11. Calculation of current tax
12. Over provision and under-provision in case of current tax
13. Concept regarding deferred tax assets and deferred tax liabilities
14. Calculation of deferred tax with a practical example
15. Deferred tax implication in case of an item of other comprehensive income
Who would be benefited after this training:
1. Management Trainees
2. Accounts/Finance Executives
3. Manager/Sr. Manager (F & A)
4. Tax and VAT consultant, legal consultant
5. Professional students, like, CA, CMA, ACCA, CGA, CFA, CS
6. Anybody who is interested
Importance of this training:
As a Chartered Accountant, I am an expert in this field. I am working for more than 10 years in various industries. In addition, I am working for more than 6 years as a professional trainer in local and foreign countries. As a practitioner-chartered accountant, I have found mistakes in audit clients that they do not prepare in their accounts in the proper way due to a lack of professional knowledge.
Besides, in the financial statement presentation, there is also a lack of proper disclosure. Apart from
these, there are lots of misconceptions regarding current tax and deferred tax as per IAS 12
(Income Taxes).
In this training, I will show a demo account of financial statements in excel form where you will get appropriate presentation and disclosure of Financial Statements. Besides, you will get clear
the concept regarding current tax and deferred tax as per IAS 12 (Income Taxes) and so that you will
be able to calculate current tax and deferred tax for your company and for your client.

Note:

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Training Instructor: