Online International Accounting Consultant Course

Study this course to learn about the International Accounting Standards Board and the international accounting framework they have set. Also find out about relevant accounting concepts and various methods for recording and reporting financial information with a consideration for recognised accounting standards.

Accounting involves the painstaking process of recording, analysing, and reporting all the economic activities and financial transactions of a business. The information that can be gained from this process provides a complete picture of a business’s performance and allows executives, managers, and investors to make well informed decisions that will yield beneficial results. To ensure the accuracy, consistency, and transparency of financial information, businesses rely on standards that detail how specific types of transactions should appear in financial statements.

The International Accounting Standards Board is the governing body that issues international accounting standards that serve as a framework for financial reporting. The points of these standards are to ensure the transparency and stability of how accountants report their accounts and to have a common accounting language that businesses worldwide can use and understand. You can learn more about international accounting standards and its application and implementation with the aid of this course.

This Online International Accounting Consultant course will explore the international dimensions of accounting and its associated concepts. It will discuss what financial statements are and their objectives, purposes, and value to companies. It will also give you a look at the IASB and the regulatory framework they have set for financial reporting. Information on various concepts and procedures related to international accounting will also be detailed in the course, including presenting and publishing financial statements and position, measuring financial information, and reporting financial performance, related party disclosures, grants and borrowing costs, among others.

Course Units

Unit 1: Financial Statements: What are They for and What are Their Objectives?

Unit 2: Introducing the IASB and Its Regulatory Framework

Unit 3: Financial Reporting Conceptual Framework

Unit 4: How Published Financial Statements are Presented

Unit 5: The Concepts of Assets and Liabilities and the Accounting Equation

Unit 6: Financial Information: Identifying Its Qualities and Knowing How It is Measured

Unit 7: Understanding Statement of Comprehensive Income

Unit 8: Knowing What Statement of Financial Position is

Unit 9: How to Report Financial Performance

Unit 10: Defining Non-Current Assets

Unit 11: Share Capital and Reserves—What are They?

Unit 12: All About Statement of Cash Flows

Unit 13: Understanding Accounting for Grants and Borrowing Costs

Unit 14: Varied Kinds of Financial Instrument

Unit 15: Determining Earnings Per Share

Unit 16: Defining Related Party Disclosures and Segment Reporting

Unit 17: Recognising the Constitution of a Group

Unit 18: Shedding Light on Consolidated Statement of Financial Position

Unit 19: Looking Into Other Consolidated Statement of Profit Loss

Unit 20: Making Sense of Accounting for Associates and Joint Arrangements

Unit 21: What Share-Based Payment Means

Unit 22: Getting to Know Employee Benefits

Unit 23: Describing Foreign Currency Translation

Expected Learning Outcomes

At the end of this course, you will be able to:

• Know what financial statements are, the purposes they serve, and their primary objectives.
• Understand the role of IASB in regulating accounting reporting practices and comprehend the regulatory framework they have set.
• Make sense of various concepts that are relevant to international accounting.
• Have the capacity to record and report different economic activities and financial transactions a business engages in following recognised international accounting standards.

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