International Financial Reporting Standards (IFRS) and 2012 Update Course in Abu Dhabi

Abu Dhabi, United Arab Emirates

Program Outline

Introduction to IFRS
- Financial Reporting Framework
- The Future Agenda for IFRS
- IFRS: Current Year Update Statement of Financial Position
- Elements of Statement of Financial Position
- Forms and Formats – Classification of Assets
- Classification of Liabilities
- Classification of Stockholders’ Equity
- Required Disclosures and Footnotes Comprehensive Income
- Concept of Comprehensive Income
- Recognition and Measurement
- Items on the Income Statement
- Components of Other Comprehensive Income Statement of Changes in Equity and Statement of Cash Flows
- Disclosures and Alternatives
- Reporting Non Controlling Interest
- Operating, Investing and Financing Cash Flows
- Direct versus Indirect Methods
Accounting for Assets
- Cash and Receivables
- Measuring and Valuing of Inventory
- Property, Plant and Equipment
- Accounting for Investment Property
- Intangible Assets and Research and Development (R&D) Costs
- Accounting for Debt and Equity Investments
- Fair Value Measurement Liabilities and Stockholders’ Equity
- Current Liabilities and Accruals
- Accounting for Contingencies
- Long-Term Liabilities
- Accounting for Debt and Equity Transactions
- Capital, Retained Earnings and Reserves Revenue Recognition
- Concepts, Rules and Examples
- Revenue Recognition Criteria
- Measurement of Revenue Accounting in the Future
- Summary of the Recent Exposure Drafts