International Accounting ON DEMAND
Available Until
Your Desk
25.0 Credits
Member Price $1,075.00
Non-Member Price $500.00
Overview
The labyrinth of international accounting standards might seem overwhelming, making financial reporting a daunting task. This course serves as a bridge to that gap. After completing this comprehensive program, you will transition from confusion to clarity. You’ll learn not just the theoretical aspects of these standards, but also how to apply them in various professional scenarios. The course transforms your approach to international accounting by providing practical examples, sample journal entries, and crucial insights into disclosure requirements. This change is critical for accountants and financial professionals who aspire to excel in international financial reporting. The course equips you with the knowledge and skills to navigate the complexities of international standards efficiently, ensuring you are well-prepared to tackle global accounting challenges with confidence.
Highlights
Presentation of financial statements. Statement of cash flows. Consolidated and separate financial statements. Accounting policies, estimate changes and errors. Financial reporting in hyperinflationary economies. Earnings per share. Interim financial reporting. Operating segments. Joint arrangements. Investments in associates and joint ventures. Disclosure of interests in other entities. Inventories. Property, plant, and equipment. Intangible assets. Investment property. Impairment of assets.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
Cite the accounting principles upon which international accounting standards are based. Specify the types of formats in which the balance sheet can be presented, and the circumstances under which different financial statement layouts are required. Identify the various sections and line items contained within the statement of cash flows. State the circumstances under which control is exercised over an investee. Specify the circumstances under which financial statements are restated. Cite the indicators of hyperinflation, and when such an environment is no longer considered to exist. State the adjustments needed to derive basic earnings per share and diluted earnings per share. Identify the proper accounting for revenue in an interim period and note how the integral view alters the accounting for interim periods. State the rules for determining whether a segment of a business is reportable. Specify the rules for determining joint control of an entity. Identify the circumstances under which an entity is considered to be an associate. Specify the factors under which a structured entity is created and note how to deal with different end dates for the financial statements of subsidiaries.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $500.00
Member Price $1,075.00