The purpose of this course is to familiarize you with the guidance on selection of accounting policies as described in IAS 8, Accounting Policies, Changes in Accounting Estimates and Errors; IAS 10, Events after the Reporting Period; and IAS 24, Related Party Disclosures.
When you complete this course you will be able to:
- Determine how to select an accounting policy and the criteria for determining when it is appropriate to change an accounting policy.
- Understand the treatment and disclosures for changes in accounting estimates and error corrections.
- Understand when an entity should adjust its financial statements for events after the reporting period.
- Understand the disclosures required for related party transactions.
Advance Preparation: None
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