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.
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
The session is aimed for accounting professionals and financial controllers.
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.
Basic knowledge on financial reporting and consolidations is recommended.
Time: 14:00 – 16:15
Venue: Live online session – details of how to join the meeting will be sent once registration is complete
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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Moreover, for every three courses booked from our KPMG Learning Suites, attendees receive a discount voucher of 40% to be redeemed on their next course purchased from any Learning Suite!
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