In this course we discuss the general underpinnings of International Accounting Standard 1 “Presentation of Financial Statements” with an inclination towards the statement of financial position, statement of profit or loss and other comprehensive income, and statement of changes in equities.
Course Key Concepts: Presentation, Cash flow statement, Notes to financial statements, IAS 7, Statement of Cash flows.
Learning Objectives
- Explore the purpose and objectives of IAS 1 “Presentation of Financial Statements”.
- Recognize the need for cash flow information and Statements of Cash Flows.
- Discover and prepare a statement of cash flows for a single entity using both the direct and indirect methods in accordance with IAS 7.
- Interpret a cash flow statement.
- Identify and compare the usefulness of cash flow information with that of a statement of profit or loss and other comprehensive income.
- Discover and describe the content and structure of Notes to the financial statements.
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Prerequisites
No advanced preparation or prerequisites are required for this course. However, it is recommended to take Other Segments of Presentation of Financial Statements in terms of IAS 1 courses by Jerry Mutimukulu.
Presentation of Financial Statements in terms of IAS 1 – SFP, SPL and SOCIE.
Education Provider Information
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