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IFRS for SMEs

KnowledgeHut

Summary

Price
£1,000 inc VAT
Or £83.33/mo. for 12 months...
Study method
Onsite
Qualification
No formal qualification
Additional info
  • Tutor is available to students

Overview

Small and medium enterprises (SMEs) represent 95-99% of the industries in any region they are operating in. This makes them the backbone of any economy as they also provide 85% of jobs available in the market today. But with changing economic conditions and competition lurking at every corner, these SMEs must have a safety net to fall back on.

To protect such SMEs and their investors, the International Financial Reporting Standards (IFRS) for SMEs was issued in 2009. Adoption of this globally recognized standard ensures that the company accounts are understandable and comparable, across boundaries and sectors. The need for such a standard stems from the fact that businesses today are not confined to a single geography and also to ensure continued investor support by offering information depicting the financial health of the enterprise.

SMEs therefore require professionals who understand these standards and are able to apply them for clarity, consistent implementation and prepare statements intended for lenders, creditors, investors, employees, governments and others outside of the company.

KnowledgeHut’s course on IFRS For SMEs, is a step-by-step guide to using the standard effectively. Our faculty who are industry veterans, will teach you how to adopt and mould the standard to suit the needs of your organization. This is a must-do course for accountants and financial auditors who can help their organizations grow and realize their vision.

Description

Agenda

  1. Scope of the IFRS for SMEs
  2. Concepts and pervasive principles
  3. Financial statement presentation
  4. Group accounting
  5. Associates and joint ventures
  6. Property plant and equipment
  7. Intangible assets
  8. Impairments
  9. Inventories
  10. Provisions, contingencies and events after the end of the reporting period
  11. Leases
  12. Financial instruments
  13. Share-based payment
  14. Employee benefits
  15. Income tax
  16. Revenue
  17. Foreign currency and hyperinflation
  18. Disclosures
  19. Specialised activities
  20. Transition to the International Financial Reporting Standards for SMEs

Benefits

  • Become proficient in the IFRS which is a globally recognized standard
  • Understand how IFRS is used around the world
  • Learn to prepare general purpose financial statements
  • Help your organization by preparing concise statements that will help gain investor support
  • Help your organization clear jurisdictional boundaries
  • Become an expert in small and medium enterprise financial disclosure

Who is this course for?

This course is ideal for professional accountants or those involved in auditing and finances in their enterprise.

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

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Similar subjects: Finance, Accounting and finance