Part I: Introduction to international accounting
1. The regulatory framework. Differences National GAAP-IAS/IFRS-US GAAP.
2. Presentation of financial statements.
3. Accounting policies, estimates and errors (IAS 8).
Part II: Topics in international accounting
4. Accounting for biological assets (IAS 41).
5. Non-current assets. Advanced topics:
5.1. Borrowing costs (IAS 23).
5.2. Government grants (IAS 20).
5.3. Licenses (IAS 38).
5.4. Fair value measurement (IFRS13).
5.5. Goodwill (IFRS 3).
6. Impairment of assets (IAS 36):
6.1. Impairment tests and recoverable amounts. Reversals.
6.2. Cash-generating units.
7. Accounting for Leases (IAS 17, IFRS 16):
7.1. Operating and finance leases.
7.2. Sale and leaseback transactions.
8. Provisions and events after the reporting period:
8.1. Provisions, contingent liabilities and contingent assets (IAS 37).
8.2. Adjusting and non-adjusting events.
8.3. Going concern issues arising after end of the reporting period.
9. Revenues recognition and performance measurement (IFRS 15):
9.1. IFRS 15 and the five-step model.
9.2. Identifying performance obligations. Determining and allocating transaction price.
9.3. Satisfaction of performance obligations and contract costs.
Part III: Advanced topics in international accounting
10. Financial reporting in hyperinflationary economies (IAS 29):
10.1. Financial Statements at historic cost and current value.
10.2. Economies which stop being hyperinflationary.
11. Related party transactions and changes in foreign exchange rates:
11.1. Control and significant influence (IAS 24).
11.2. Related parties transactions. Disclosure (IAS 24).
11.3. Foreign exchange accounting. Gain and losses with foreign currency (IAS 21).
11.4. Translation to a presentation currency (IAS 21).
12. Earnings-per-share (IAS 33):
12.1. Basic and diluted EPS.
13. Segment reporting (IAS 8):
13.1. Operating segment.
13.2. Reportable segments.
Part IV: Specialized Topics in International Accounting: Not-for-profit, and Public sector
14. Accounting for Not-for-profit (NPOs):
14.1. Definition of NPOs.
14.2. IFRS for SMEs. Adaptation to Non-for-profit.
15. Public Sector Accounting:
15.1. Public Sector Entities.
15.2. International Public Sector Accounting Standards (IPSAS).
16. Disclosures in financial statements of banks and building societies
16.1. Accounting policies and financial statements.
16.2. Specific contingencies and commitments.