If you would like to dive into the world of international financial reporting standards (IFRS), you have to be aware what IFRS and IAS means, what the difference between the standards and the conceptual framework is, what the fundamental definition of assets and liabilities is, etc. This course provides answers to these questions using practical examples.
The course consists of two parts. First part, after the introduction to the IFRS, explains the most important concepts of the Conceptual Framework. In the second part IAS 1 Presentation of financial statements standard's requirements are presented including practical examples and interim tests to enhance understanding.
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