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The International Financial Reporting Standards (IFRS) |
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Course Description
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The course discusses the objective of financial reporting and the importance of financial standards in security analysis and valuation. The course explores the role of financial reporting standard-setting bodies worldwide and the International Financial Reporting Standards (IFRS) framework promulgated by one key body, the International Accounting Standards Board. The movement towards worldwide convergence of financial reporting standards is also introduced. Further, IFRS is compared with other alternative reporting systems. Finally the course discusses the importance of monitoring developments in financial reporting standards. |
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Topics Covered
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 Financial Reporting Standard |
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Objective |
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Importance of reporting standards in security analysis and valuation |
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Role of Reporting Standards |
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IFRS framework |
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General requirements for financial statements |
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IFRS Vs. Alternative Reporting Systems
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Monitoring developments in Financial Standards |
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Summary
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Test Your Skills
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International Standards Convergence |
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Overview of major international accounting standards |
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Major international accounting standards for major revenue and expense categories on the income statement |
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The major differences between international and U.S GAAP accounting standards |
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Interpret the effect of differences between international and U.S GAAP accounting standards on the balance sheet, income statement and statement of changes in equity for some commonly used financial ratios. |
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Analysis of Financing Liabilities |
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Effects of debt insurance |
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Amotorization of bond discounts |
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Premiums on financial accounts and financial ratios |
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Effects on financial statements and financial ratios |
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Debt security with debt features |
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Effect of issuing debt with equity features |
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Disclosures relating to financial liabilities |
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Effects of changing the interest rates |
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Accounting treatment |
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Implications of debt covenants for creditors |
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Key Features
The objective of this Course is to enhance the knowledge as well as to provide benefit to the members in the global service market.
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Duration: 2 Month with 12 Months access
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Course Outcome
Dual Certification from Everonn and Towson University
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Course Fee: Rs 5000
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New Course coming shortly – Register now by paying the amount in advance and avail the introductory offer. |
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