IFRS Subjects By EY


IFRS Subjects By EY

IFRS Subjects By EY :  International Financial Reporting Standards (IFRS) is a single set of accounting standards, developed and maintained by the IASB (International Accounting Standards Board).

IFRS Subjects By EY

Preparing for IFRS? - Must read below
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IFRS Subjects By EY : The International Financial Reporting Standards (IFRS) issued by International Accounting Standards Board (IASB) are gaining recognition as Global Reporting Standards. The Council of the Institute of Chartered Accountants of India, while appreciating the emerging diversities and complexities in the world of accounting and the need for knowledge of IFRS in relation to the convergence of the Indian Accounting Standards with IFRS, has decided to launch a Certificate Course on International Financial Reporting Standards for its members. The objective of this Course is to enhance the knowledge as well as to provide benefit to the members in the global service market.

The Course aims at providing:

  • Introduction of the concepts of IFRS
  • Dissemination of knowledge on IFRS;
  • Comparison of IFRS with existing Indian Accounting Standards;
  • Issues in relation to IFRS;
  • Conversion of Financial Statements prepared on the basis of Indian GAAP to IFRS based financial statements.

Apart from the comprehensive theoretical aspects, this course, the first of its kind in India, will sharpen the expertise and excellence of our members through multiple case studies across the industry and service sector.

IFRS Subjects By EY : 

The Financial Statements of Credit Institutions.

Conceptual Foundations of Financial Statements.

  • – The objective of financial reporting;
  • – The main assumptions;
  • – Qualitative characteristics of financial reporting;
  • – Elements of Financial Statements: recognition and measurement;
  • – Concepts of capital.

IAS 1 “Presentation of Financial Statements”

Preparing for IFRS? - Must read below
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  • – Purpose and application of the standard;
  • – Components of financial statements, including Report on Equity;
  • – Confidence in reporting and compliance with IFRSs;
  • – Presentation of Financial Statements.

IAS 7 “Statement of Cash Flows” (CCF)

  • – Purpose and application of the standard. Concepts;
  • – The structure of the Cash Flow Statement;
  • – Classification of business operations with the objective of CFS;
  • – Types of cash flow statement presentation;
  • – A direct method for preparation of cash flow statement;
  • – The indirect method cash flow statement preparation;
  • – Identification of inflows and outflows of cash and cash equivalents provided by the bank’s operations.

IAS 8 “Accounting Policies, Changes in Valuation Calculations and Errors”

  • – Purpose of accounting policies;
  • – Changes in accounting policies – a retrospective approach;
  • – Reflection in the financial statements of changes in accounting; estimates (prospective approach);
  • – Errors in the financial statements and methods of their correction.

Elements of Financial Statements of Credit Institutions.

IAS 32 and 39 “Financial Instruments”

  • – The concept of financial instruments
  • – Identification of financial instruments: financial assets and liabilities derivatives: recognition and rejection of the recognition
  • – Classification of financial instruments;
  • – Valuation of financial instruments: when registering in financial reporting.
  • – Follow-up evaluation: should we expect a mortized cost?
  • – Accounting for impairment of financial assets;
  • – Derecognition of financial instruments;
  • – Hedging;
  • – Forward contracts, swaps,futures;
  • – Non-market interest rates;
  • – Practical applications for banks and other financial institutions;
  • – Recommendations to the disclosure.

IFRS 7 “Financial Instruments: Disclosures”

  • – Accounting Policies;
  • – Profit and loss account;
  • – The balance sheet or balance;
  • – Statement of cash flows;
  • – Statement of changes inequity;
  • – Additional disclosures;
  • – Basic disclosure requirements for financial instruments;
  • – Disclosure of risk management policy;
  • – New approaches to disclosure in accordance with IFRS7 “Financial Instruments: Disclosures”.

IAS 16 “Property”

  • – The concept;
  • – Criteria and Evaluation;
  • – Recognition and initial assessment;
  • – Follow-up evaluation;
  • – Depreciation;
  • – Disposals;
  • – Disclosure.

IAS 38 “Intangible Assets”

  • – The concept;
  • – Recognition and development cost;
  • – Assessment and reassessment;
  • – Depreciation;
  • – Disclosure.

IAS 40 “Investment Property”

  • – Classification of property;
  • – The preparation of financial statements and assessment of investment property.

IAS 36 “Impairment of Assets”

  • – Introduction;
  • – The procedure fortesting for impairment;
  • – The causesof impairment;
  • – Definition of cash-generating unit;
  • – Calculation of recoverable amount;
  • – Restoration of impaired assets;
  • – Disclosure.

IFRS 5 “Non-current Assets Held for Sale and Discontinued Operations”

  • – The criteria for the classification of non-current assets as held for sale;
  • – The Group’s assets for retirement;
  • – Recognition and measurement.

IAS 17 “Leases”

  • – Types of lease -finance/operating lease;
  • – Signs and principles of lease classification;
  • – Reflection of the lease in the financial lessor and lessee;
  • – Reflection of operating leases in the financial statements of the lessor and lessee;
  • – Disclosure

IAS 37 “Provisions, Contingent Liabilities and Contingent Assets”

  • – Reserves – Definition, Recognition and Measurement;
  • – Evaluation;
  • – Creation of reserves (reserves for issued loans, other reserves);
  • – Contingent liabilities – the definition and recognition;
  • – Contingent assets – the definition and recognition;
  • – Disclosure

IAS 12 “Income Taxes”

  • – Deferred income taxes- a concept:
  • – Temporary differences: Temporary taxable differences and deductible temporary differences;
  • – Recognition of deferred tax assets and liabilities;
  • – Calculation of the tax base of the asset and liability;
  • – The calculation of deferred taxes on credit operations;
  • – Presentation and disclosure of deferred taxes.

IAS 18 “Revenue”

  • – The conditions for recognizing revenue;
  • – Recognition of interest income.

IAS 19 “Employee Benefits”

  • – Identification of fixed payment of pension plans by the employer groups and plans with defined contribution;
  • – Recognition and measurement of pension plans, defined contribution and defined benefit;
  • – Reflection of pension plans in accounting, financial statements and notes to the accounts.

IFRS 2 “Share-based payments instruments”

  • – The concept of payment based on the equity instruments;
  • – Evaluation of the transaction at fair value;
  • – The difference between the operations, which offer payments using the shares settled in cash and equity instruments;
  • – Disclosure in financial reporting.

Additional Disclosure of Information

IAS 34 “Interim Financial Reporting”

  • – The scope of IAS 34;
  • – Definitions and minimum of the interim reporting;
  • – Information to be included in the notes to the interim financial statements;
  • – The period to provide the interim financial statements;
  • – Disclosure of estimates of the interim financial statements in annual reports, if in the final period of assessment has changed;
  • – Accounting policies for interim reporting;
  • – Seasonal income, non-uniform costs and the use of estimates in interim financial statements.

IFRS 8 “Operating Segments”

  • – Definitions of industry and geographical segments;
  • – Primary and secondary format for segment information;
  • – Financial performance, requiring disclosure in respect of primary segment format;
  • – Information about the format of the secondary;
  • – Criteria for selection of segments for presentation in financial statements;
  • – The accounting policies of the segment.

IAS 33 “Earnings per Share”

  • – Calculation of earnings per share in accordance with IAS 33;
  • – Earnings per share in the event of the year preferential issue or stock split;
  • – Calculation for the placement of shares at a premium and with the release of rights;
  • – The calculation of diluted earnings per share and issue convertible debtor preferred stock;
  • – Issuance of stock options and warrants on shares;
  • – Identify the circumstances under which an effect of increasing earnings per share;
  • – Conversion of comparative data on earnings per share;
  • – Additional disclosures about earnings per share.

IAS 10 “Events after the Balance Sheet Date”

  • – Definition of subsequent events- corrective and non-adjusting (the algorithm to reflect events after the reporting date);
  • – Recognition of adjusting events;
  • – Inclusion in the reporting of non-adjusting events;
  • – Disclosure of information about events after the reporting date.

IAS 21 “Effects of Changes in Foreign Exchange Rates”

  • – Identification of the functional currency;
  • – Assessment at initial recognition of foreign currency transactions;
  • – Recognition of exchange differences;
  • – Select the presentation currency;
  • – How to convert statements into the presentation currency, the current and historical.

IAS 24 “Disclosure of Information of Related Party”

  • – The purpose and scope of thestandard;
  • – Key Concepts;
  • – Criteria for determining related parties;
  • – The disclosure requirements for related party;
  • – An example disclosure of information of related party.

The Financial Statements of Associated Companies and Joint Ventures

IFRS 3 “Business Combinations”

  • – Identification of acquirer;
  • – Identification of the date of purchase;
  • – Determining the value of combining;
  • – Average cost of the combination to the identifiable assets, liabilities and contingent liabilities;
  • – Determining the amount of goodwill and minority interest;
  • – Basic requirements for disclosure.

IAS 27 “Consolidated and Separate Financial Statements”

  • – Definition of subsidiaries;
  • – Identification of associates and joint ventures;
  • – Presentation of the consolidated financial statements;
  • – The procedure and method of consolidation;
  • – Reflection of investments in subsidiaries, associates and jointly controlled entities in the separate financial statements (IAS 28, IAS31);
  • – Basic requirements for disclosure.

IFRS Subjects By EY :

IFRS FREE BOOKS: 

 FREE BOOKSDownload
Ind AS Super summary of IFRS NotesDownload
List Of Indian As Convergence With IfrsDownload
Comparison of IFRS as applicable on 1st April 2011 with Ind AS placed at MCA’s websiteDownload
Module 4.As,Ifrs,GaapDownload
INTRODUCTION TO INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)Download
Diploma in International Financial Reporting study materialDownload
IFRS Financial instrumentsDownload
IFRS pocket guide 2016Download

IFRS Subjects By EY :

IFRS Best Books:

Best BooksVIEW
Beginner’s Guide To Ind As & IfrsVIEW
Ifrs 2016VIEW
Practical Guide To Ind As And Ifrs By Ca. Kamal GargVIEW
Ifrs For SmesVIEW
International Financial Reporting Standards (Set Of 2 Volumes)VIEW
International Financial Reporting Standards (IFRS) & Indian Accounting PracticesVIEW

IFRS Subjects By EY

IFRS Question papers :

Question papersDownload
IFRS Exam Questions Paper set  1Download
IFRS Exam Questions Paper set 2Download
IFRS Exam Questions Paper set 3Download
IFRS Exam Questions Paper 4

 

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IFRS Exam Questions Paper 5Download
IFRS Exam Questions Paper 6Download
IFRS Exam Questions Paper 7Download

 IFRS Study Material : 

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IFRS registration procedureIFRS Registration Procedure For June 2017 Exam
IFRS registration formIFRS Registration Form And Other IFRS Information
Dip IFRS Syllabus And Study Guide For 2017 ExamDip IFRS Syllabus And Study Guide For 2017 Exam
IFRS course materialIFRS Course Material For 2017 Exam
IFRS notesIFRS Notes
IFRS best booksIFRS Best Books
IFRS – Purpose and application of the standardIFRS Purpose And Application Of The Standard
IFRS – The structure of the Cash Flow StatementIFRS – The structure of the Cash Flow Statement

IFRS Subjects By EY

Cakart.in provides India’s top IFRS faculty video classes – online & in Pen Drive/ DVD – at very cost effective rates. Get IFRS Video classes from www.cakart.in  to do a great preparation for primary Student.

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