This course will assist you to apply the accounting treatments for different investments which entities hold. It covers classification and measurement of investments; changes affecting the classification of an investment; and disclosures relating to investments in the financial statements.
The following accounting standards are covered:
- IFRS 10 Consolidated Financial Statements
- IFRS 11 Joint Arrangements
- IFRS 12 Disclosure of Interests in Other Entities
- IAS 27 Separate Financial Statements
- IAS 28 Investments in Associates and Joint Ventures
- IAS 39 Financial Instruments: Recognition and Measurement / IFRS 9 Financial Instruments (part)
- IFRS 3 Business Combinations (part)
- IAS 24 Related Party Disclosures (part)
- IAS 21 The Effects of Changes in Foreign Exchange Rates (part)
This course consists of one online course and one online assessment.
Learning objectives
- Identify and measure types of investments
- Determine the relevant accounting treatment for an investment
- Apply the equity accounting method for associates and joint arrangements
- Consolidate investments
- Assess the accounting impact of changing an interest in an investment
- Identify the different disclosure requirements for subsidiaries, associates, joint arrangements, and foreign operations
Audience
This course is specifically designed for finance professionals who are involved in:
- external reporting
- financial management
- accounting administration
- management accounting
- financial accounting
