Understanding the nature, timing and amount of liabilities is a crucial part of analysing an entity’s balance sheet, and therefore companies have a financial reporting obligation to ensure that liabilities are appropriately classified and presented.
Course Description:
In this IFRS suite session we shall be covering:
– the principles for presenting financial instruments as liabilities or equity and for offsetting financial assets and liabilities in line with IAS 32 Financial Instruments: Presentation
– the distinction that exists between a provision, a contingent liability and a contingent asset and how these are disclosed in the notes to the financial statements in line with IAS 37 Provisions, Contingent Liabilities and Contingent Assets
Target Audience:
The session is aimed for accounting professionals and financial controllers.
Learning Outcomes:
By the end of this session participants would be knowledgeable on what constitutes a financial liability and what disclosures are required in the financial statements to enable users to understand the nature, timing and amount of a financial liability.
Prerequisites:
Basic knowledge on financial reporting and consolidations is recommended.
Date: 29/04/2021
Time: 14:00 – 16:15
Venue: Live online session – details of how to join the meeting will be sent once registration is complete
Fee: €40
CPE Hours: This course qualifies for 2 hours of structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.
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