related documents

top stories

Share

Broad syllabus content:

The key topic area headings are as follows:

• International sources of authority
• Elements of financial statements
• Presentation and additional disclosures
• Preparation of external financial reports for single entities
• Preparation of external financial reports for combined entities and joint ventures.

1. International sources of authority

1. The structure of the International Accounting Standards Board (IASB)
2. The standard setting process
3. The role of the International Financial Reporting Interpretations Committee
4. Progress towards international harmonisation
5. The IASB 'Framework for the preparation and presentation of financial statements'
6. The first time application of International Financial Reporting Standards.

2. Elements of financial statements

1. Property, plant and equipment
2. Intangible assets
3. Goodwill
4. Current assets including inventories
5. Construction contracts
6. Liabilities
7. Financial instruments
8. Provisions and contingencies
9. Employment and post-employment benefits
10. Accounting for tax
11. Accounting for agriculture
12. Share based payment
13. IFRS 6: Exploration for and evaluation of mineral resources.

3. Presentation and additional disclosures

1. Events after the balance sheet date
2. Earnings per share
3. Related party disclosures
4. Interim financial reporting
5. Effects of changes in foreign exchange rates
6. Segment reporting.

4. Preparation of external financial reports for single entities

1. Income statements and discontinuing operations
2. Cash flow statements
3. Statement of changes in equity.

5. Preparation of external financial reports for combined entities and joint ventures

1. Definitions of subsidiaries, investments in associates and joint ventures
2. Exclusions from consolidations
3. Preparation of consolidated balance sheets and income statements
4. Equity accounting
5. Proportionate consolidation and joint ventures.

Excluded topics

The following topics are specifically excluded from the syllabus:

• Partnership and branch financial statements
• Complex group structures, including sub-subsidiaries or mixed groups and foreign subsidiaries
• Piece-meal acquisitions, disposal of subsidiaries and group re-constructions
• Financial statements of banks and similar financial institutions
• Group cash flow statements
• Schemes of reorganisation and reconstruction
• Company/share valuation
• Accounting for insurance entities
• International financial reporting exposure drafts and discussion drafts
• The international public sector perspective
• Multi-employer benefit schemes
• Share-based payment transactions with cash alternatives.

Back to top