MYCPE ONE

IAS 24: Related Party Reporting and Disclosures 2 Credits 2 Credits

Nov 29, 2026, 03:00 PM EST

IAS 24: Related Party Reporting and Disclosures 2 Credits 2 Credits

  • Michel Morley

    | CPA (US)

  • Published on

    January, 1970

  • Subject Area

    Accounting

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Nov 29, 2026, 03:00 PM EST

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Learning Objectives

  • Explain the objective and scope of IAS 24 related-party disclosures.
  • Identify related-party relationships and transactions using the definitions in IAS 24.
  • Distinguish relationships that qualify as related parties from those that do not qualify solely because of commercial dealings.
  • Recognize the disclosure requirements for parent-subsidiary relationships and key management personnel compensation.
  • Identify information to disclose about related-party transactions, outstanding balances, guarantees, and commitments.
  • Assess disclosure considerations for government-related entities and claims of arm's-length transaction terms.

Course Overview

Related-party relationships can affect how users interpret an entity's financial position and results. IAS 24 sets out the disclosure information needed to bring attention to transactions, outstanding balances, commitments, and relationships that may influence financial statements.

This course explores the objective and scope of IAS 24 and examines how to identify related parties, including close family members, key management personnel, associates, joint ventures, and government-related entities. It also reviews what constitutes a related-party transaction, the importance of substance over legal form, and the disclosures relating to parent-subsidiary relationships and management compensation.

Major Topic:

  • Purpose and scope of IAS 24
  • Identifying related parties and related-party transactions
  • Control, significant influence, associates, and joint ventures
  • Parent-subsidiary relationships and key management compensation
  • Transaction, balance, commitment, and guarantee disclosures
  • Government-related entity disclosures and arm's-length assertions

Participants will examine information required for transaction and balance disclosures, including terms and conditions, guarantees, commitments, and doubtful debts. The course also addresses the disclosure considerations for government-related entities and the circumstances in which transactions may be described as being on arm's-length terms.

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On Demand Credits for All Qualifications

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License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 2 CPE Approved
Management Accounting for Chartered Professional Accountant in Canada 2 CPD Eligible
Management Accounting for Certified Management Accountants (CMA) 2 CE Eligible
Accounting for Chartered Global Management Accountants (CGMA) 2 CE Eligible
Chartered Financial Analyst (CFA) 2 PL Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 2 CPE Approved
Association of Chartered Certified Accountants (ACCA) 2 CPE Eligible
Chartered Accountant - ICAEW 2 CPE Eligible
Certified FP&A Professional (FP&A) 2 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 2 CPE Approved
Certificate in Investment Performance Measurement (CIPM) 2 PL Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 2 CPE Approved
Chartered Accountants - Scotland 2 CPE Eligible
Chartered Accountants - Ireland (CAI) 2 CPE Eligible
License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 2 CPE Approved
Management Accounting for Chartered Professional Accountant in Canada 2 CPD Eligible
Management Accounting for Certified Management Accountants (CMA) 2 CE Eligible
Accounting for Chartered Global Management Accountants (CGMA) 2 CE Eligible
Chartered Financial Analyst (CFA) 2 PL Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 2 CPE Approved
Association of Chartered Certified Accountants (ACCA) 2 CPE Eligible
Chartered Accountant - ICAEW 2 CPE Eligible
Certified FP&A Professional (FP&A) 2 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 2 CPE Approved
Certificate in Investment Performance Measurement (CIPM) 2 PL Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 2 CPE Approved
Chartered Accountants - Scotland 2 CPE Eligible
Chartered Accountants - Ireland (CAI) 2 CPE Eligible

Additional Information

Credits

2

Course Level

Intermediate

Instructional Method

QAS Self Study

Group Internet Based

NASBA APPROVED

In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.

MY-CPE LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. (MY-CPE LLC 1600 Highway 6 South, Suite 250, Sugar Land, TX 77478, Email: support@my-cpe.com, Phone: 646-688-2884)

About Instructor

Elevate Your Career with Michel Morley's CPE Courses at myCPE

Michel Morley | CPA (US)

Presenter, MYCPE ONE

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Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.

An entertaining and informative speaker and trainer, Mike is the author of:

“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

“Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

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To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

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Are the live webinars accepted by NASBA and other Professional Organizations?

MY-CPE LLC courses are accepted for continuing education credit by various professional certification programs, including NASBA, IRS, CFP Board, and HRCI. MY-CPE LLC is also recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® and SHRM-SCP® recertification activities.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are accepted for compliance and reporting purposes with NASBA, IRS, CFP Board, HRCI, SHRM (for PDCs), Payroll Org, FP Canada, and 25+ other professional organizations.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

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IAS 24: Related Party Reporting and Disclosures

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