About this Course

The seminar provides guidance to help participants prepare financial statements using key Financial Reporting Standards (FRS). The primary emphasis of this seminar is to focus on existing financial reporting standards that are widely applicable to a broad spectrum of industries. In addition, the seminar also examines the practical issues and challenges associated with the relatively more complex topics on comprehensive income, impairment of assets, accounting for business combinations, consolidated financial statements and accounting for financial instruments and derivatives.

Programme Outline 

Preparing Financial Statements using key Financial Reporting Standards (FRS):

• FRS 1 – Presentation of Financial Statements
  
• FRS 2 – Inventories
  
• FRS 16 – Property, Plant and Equipment
  
• FRS 38 – Intangible Assets
  
• FRS 23 – Borrowing Costs
  
• FRS 24 – Related Party Disclosures
  
• FRS 110 – Consolidated Financial Statements
  
• FRS 36 – Impairment of Assets
  
• FRS 39 – Financial Instruments : recognition and measurement
  
• FRS 103 – Business Combinations
  

Intended For

A Foundation to Intermediate level programme suitable for all Practising and Non-Practising Accounting, Audit and Finance Professionals.

Training Methodology

Lecture style, with Exercises/Case Studies

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