Applying IFRS – Conceptual Framework

Course Outline

Conceptual Framework

• The International Accounting Standards Board (IASB)
• The purpose of aconceptual framework
• Qualitative characteristics of useful financial information
• Going concern assumption
• Definition, recognition and measurement of the elements offinancial statements
• Concepts of capital
• Future developments

Target audience

• Accounting and financial specialists, professionals and practitioners who wish to develop a greater understanding of the key concepts and applications of IFRS
• Those aiming for organisational adoption of IFRS to enable greater fluency in their financial reporting and establish a global understanding of their accounting practice in an increasingly internationalised business world
• Accounting and finance staff of entities that have been mandated to be IFRS compliant

Learning outcomes

Upon completion of this course, you will be able to understand the role of the International Accounting Standards Board (IASB) in setting international accounting standards.