There are certain general disclosures that every financial statement preparer should be familiar with.  This course covers common disclosures such as: the statement of cash flows, accounting policies, errors, estimates, subsequent events, related party relationships, provisions, and contingencies.

Learning Objectives
  • Explore key considerations when preparing the statement of cash flows per International Accounting Standard (IAS) 1 - Presentation of Financial Statements.
  • Discover special considerations related to accounting policies, errors, and estimates in accordance with International Accounting Standard (IAS) 8 - Accounting Policies, Changes in Accounting Estimates and Errors.
  • Recognize when to present or disclose events subsequent to the reporting period end under International Accounting Standard (IAS) 10 - Events After the Reporting Period.
  • Explore risks associated with related party relationships per International Accounting Standard (IAS) 24 - Related Party Disclosures.
  • Discover the proper accounting and disclosure of provisions and contingencies under International Accounting Standard (IAS) 37 - Provisions, Contingent Liabilities and Contingent Assets.
Last updated/reviewed: August 26, 2023
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Included In Certifications

This course is included in the following Certification Programs:

17 CoursesInternational Financial Reporting Standards (IFRS) Certification

  1. General Considerations for Preparing Financial Statements in Accordance with IFRS
  2. IFRS vs. U.S. GAAP - Major Differences in Accounting
  3. 2022 IFRS Update
  4. IFRS for Small and Medium-Sized Entities Compared to Full IFRS
  5. Accounting for Revenue from Contracts with Customers per IFRS 15
  6. Accounting for Leases under IFRS 16
  7. IFRS - Accounting for Share-Based Payment Awards per IFRS 2
  8. Accounting for Financial Instruments under IFRS 9
  9. Accounting for Nonfinancial Assets under IFRS
  10. Accounting for Business Combinations under IFRS 3
  11. IFRS - Accounting for Employee Benefits per IAS 19 and IFRIC 14
  12. Accounting for Investments in Other Entities, Including Consolidation, under IFRS
  13. IFRS - Accounting for Income Taxes per IAS 12
  14. IFRS - Derivatives and Hedge Accounting under IFRS 9
  15. IFRS - Special Accounting Topics
  16. IFRS - Special Financial Reporting Issues
  17. IFRS - General Financial Statement Disclosures
5 Reviews (23 ratings)

Reviews

4
Member's Profile
I enjoyed this course with Jennifer Louis. This is my first class on IFRS. I'd like to know more about the differences between GAAP and IFRS.
5
Anonymous Author
Great course. The professor made it very interesting to listen throughout the course and was very knowledgeable of the topic at hand.
3
Anonymous Author
This was an ok course - I wish it would have into the footnote details and actual lay-out of the FS in more detail.
5
Anonymous Author
Thank you Jennifer for this course which was very helpful as a refresher for IFRS disclosure requirements.
5
Anonymous Author
Basic yet comprehensive overview of what and when disclosure should be presented in financial statements.
Prerequisites
Course Complexity: Advanced

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to IFRS – General Financial Statement Disclosures1:08
  Statement of Cash Flows8:43
  Accounting Policies, Errors, and Estimates6:50
  Subsequent Events6:37
  Related Party Disclosures9:24
  Provisions and Contingencies12:53
  Conclusion7:23
CONTINUOUS PLAY
  IFRS - General Financial Statement Disclosures Full Video52:58
SUPPORTING MATERIALS
  Slides: IFRS - General Financial Statement DisclosuresPDF
  IFRS – General Financial Statement Disclosures Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam