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IFRS 18 & 19 Simplified: Financial Statements Presentation and Subsidiary Disclosures 2 Credits

IFRS 18 & 19 Simplified: Financial Statements Presentation and Subsidiary Disclosures 2 Credits

  • Rating

    4.4
  • Published on

    September, 2024
  • Subject Area

    Accounting

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Learning Objective

  • Discuss the rationale for replacing IAS 1 with IFRS 18.
  • Recognize changes in the primary statements: Profit and Loss and Cash Flows.
  • Explain the revisions and importance of notes to financial statements, including Management Performance Measures.
  • Analyze the purpose and application of IFRS 19 for subsidiaries.
  • Explain how IFRS 19 facilitates appropriate disclosures for subsidiaries without public accountability.

Course Overview

Are you curious about the latest changes in international financial reporting standards? Join our comprehensive webinar designed for finance professionals, accountants, auditors, and others involved in financial reporting. It deepens into the significant updates recently introduced by the IASB.

Explore the rationale behind replacing IAS 1 with IFRS 18 and the specific alterations impacting the Statement of Profit and Loss, notes to financial statements, and the Statement of Cash Flows. Gain insights into how these changes enhance transparency and comparability in financial reporting. Concurrently, understand the role of IFRS 19 in helping subsidiaries adopt comprehensive reporting standards while focusing on disclosure requirements.

Key Topics:

  • IFRS 18: Profit and Loss
  • IFRS 18: Cash Flows
  • IFRS 18: Notes to Statements
  • Management Performance Measures
  • IFRS 19: Subsidiary Disclosures

This webinar by Robert Kirk is essential for anyone looking to stay ahead in international financial reporting. Whether you're a CFO aiming to optimize financial strategies or an auditor ensuring compliance, this course provides invaluable knowledge and practical skills to navigate the complexities of IFRS 18 and 19 effectively.

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  • 2 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
  • 2 CPE Credit of Financial Reporting for Chartered Global Management Accountants (CGMA)
  • 2 CPD Credit for Association of Chartered Certified Accountants (ACCA)
  • 2 CPD Credit for Chartered Accountant - ICAEW
  • 2 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 2 CPD Credit for Chartered Accountants - Scotland
  • 2 CPD Credit for CPA - Ireland

  • 2 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
  • 2 CPE Credit of Financial Reporting for Chartered Global Management Accountants (CGMA)
  • 2 CPD Credit for Association of Chartered Certified Accountants (ACCA)
  • 2 CPD Credit for Chartered Accountant - ICAEW
  • 2 CPD Credit for Chartered Accountants - Scotland
  • 2 CPD Credit for CPA - Ireland
  • 2 CPD Credit for Chartered Accountants - Ireland (CAI)

Additional Information

Credits

2

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

About Instructor

Robert Kirk
Robert Kirk

Emeritus Professor of Financial Reporting, Ulster University

  • 4.5
  • rating
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After graduating with a second class first division honours degree in Economics from Queens University, Belfast in 1972 Robert trained as an Irish Chartered Accountant with Price Waterhouse, qualifying in first place in his final examinations in 1975. Subsequently he was employed as the Financial Controller of ICB, a subsidiary of Shell (UK) and as a personal assistant to the partners in James Baird & Co (now part of PricewaterhouseCoopers).  In 1981 he was appointed a Director of Business and Accounting Training in Dublin where he embarked on his academic career, teaching mainly on the professional examination courses for ICAI, CPA, CIMA and ACCA in Belfast and Dublin.  In 1985 he joined Queens University as a full time lecturer and moved to the Ulster University in 1992 as a Senior Lecturer. In 1994 he was appointed to the Chair in Financial Reporting at Ulster.

Robert specialises in the teaching of and research into the development of accounting standards in the United Kingdom. He has published 18 books and numerous articles in both  academic and professional journals. Three of his publications are currently core textbooks for two of the main professional accounting bodies in the United Kingdom.  His publications include IFRS:A Quick Reference Guide (October 2008),  a fourth edition of Accounting Standards in Depth (January 2003), UK Accounting Standards: A Quick Reference Guide (December 2004) and the first edition of Topical Issues in Financial Reporting, all published by the Chartered Institute of Management Accountants and Elsevier. He has written International Financial Reporting Standards in Depth  which was published by Elsevier/CIMA Publishing in July 2005. This has been translated into Russian. He co-authored A Case Study Approach to International Financial Reporting Standards published by The Institute of Certified Public Accountants in Ireland. He was also the editor and main author of the university's quarterly  publication "Irish Company Reporting" (1992-2001) which outlined current practice throughout the island of Ireland using a 150 company database. This was grant aided by the Irish Accountancy Educational Trust.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

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.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

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.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

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 recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

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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