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.
Last updated/reviewed: August 8, 2023
1 Review (4 ratings)

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Question 8 is not clearly written. This makes it difficult to understand. It seems as if the first sentence is missing.
Prerequisites
Course Complexity: Foundational

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
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 The Statement of Cash Flows and Notes to the Financial Statements2:32
  Purpose and Objective of IAS 110:08
  Preparation of SCF13:12
  Model Example15:03
  Preparation of Statement of Cashflows-Direct Method28:00
  Preparation of Statement of Cash Flow-Indirect Method16:48
  Cash flows from Operating, Investing and Financing Activities26:50
  Issues to Deal13:52
  Comparison of the SCF and SPLOCI17:11
  Notes to Financial Statements12:12
CONTINUOUS PLAY
  Presentation of Financial Statements in terms of IAS 1-The Statement of Cash Flows and Notes to the Financial Statements2:35:48
SUPPORTING MATERIAL
  Slides: Presentation of FS in terms of IAS 1 - The Statement of CFs and Notes to the FSPDF
  Presentation of FS in terms of IAS 1 - The Statement of CFs and Notes to the FS Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam