Advanced Financial Reporting and Disclosure

This advanced course covers complex financial reporting topics that are essential for senior accountants, financial controllers, and audit managers. These topics frequently appear in professional examinations and are critical for preparing high-quality financial statements.

You will begin with business combinations under IFRS 3, covering the acquisition method in detail including identifying the acquirer, measuring the cost of acquisition, recognizing and measuring identifiable assets acquired and liabilities assumed, and accounting for goodwill and bargain purchases. The course also covers common control transactions and reverse acquisitions.

Foreign currency accounting under IAS 21 is covered comprehensively, including distinguishing functional and presentation currencies, translating foreign currency transactions, translating financial statements of foreign operations, and accounting for exchange differences. The course also covers the impact of hyperinflationary economies under IAS 29.

Additional advanced topics include segment reporting under IFRS 8, related party disclosures under IAS 24, events after the reporting period under IAS 10, interim financial reporting under IAS 34, accounting for government grants under IAS 20, and share-based payment under IFRS 2. Each topic is explained with comprehensive examples and practice scenarios that mirror real-world reporting challenges.