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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: May 18, 2022

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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  2:32Introduction to The Statement of Cash Flows and Notes to the Financial Statements
  10:08Purpose and Objective of IAS 1
  13:12Preparation of SCF
  15:03Model Example
  28:00Preparation of Statement of Cashflows-Direct Method
  16:48Preparation of Statement of Cash Flow-Indirect Method
  26:50Cash flows from Operating, Investing and Financing Activities
  13:52Issues to Deal
  17:11Comparison of the SCF and SPLOCI
  12:12Notes to Financial Statements
CONTINUOUS PLAY
  2:35:48Presentation of Financial Statements in terms of IAS 1-The Statement of Cash Flows and Notes to the Financial Statements
SUPPORTING MATERIAL
  PDFSlides: Presentation of FS in terms of IAS 1 - The Statement of CFs and Notes to the FS
  PDFPresentation of FS in terms of IAS 1 - The Statement of CFs and Notes to the FS Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM