Accounting

IFRS – Statement Of Profit Or Loss; Statement Of Comprehensive Income

This course focuses on the statements of profit or loss and comprehensive income and their significant elements.  These elements include IFRS 5, Discontinued Operations, IAS 8, Accounting Policies, Errors, and Estimates, IFRS 15, Revenue Recognition, IFRS 2, Shareholder Payments, IAS 19, Employee Benefits, and IAS 23, Borrowing Costs (Capitalized Interest).

Learning Objectives:

After completing this course, participants should be able to:

  • Describe the IFRS accounting guidance found in IAS 1 – Presentation of IFRS Financial Statements
  • Identify and describe the accounting guidance associated with significant elements of the statement of profit or loss
  • Identify and describe the reporting guidance associated with the elements of the statement of comprehensive income


Prerequisites/Advanced Preparation:

Basic understanding of the form and content of the Statements of Profit or Loss and Comprehensive Income.


Speaker / Author:

John M. Fleming, licensed as a CPA in Pennsylvania, has served as the President and Director of Accounting and Auditing for Kaplan Financial Education, powered by Loscalzo Institute and also as the Director of Content Development for Kaplan Financial Education, powered by SmartPros.  John retired from Kaplan in October of 2017. In retirement, John continues to provide seminars as a discussion leader for Kaplan Financial Education on a part-time basis.

John’s prior practice experience includes audit, tax, consulting, office management, and human resource responsibilities with Deloitte LLP, Richard Eisner & Company LLP, and Ernst & Young LLP. John is a graduate of LaSalle and Drexel Universities with degrees in accounting and finance.

John, a Pennsylvania CPA, served as the 1999/2000 President of the 8,300 member Greater Philadelphia Chapter of the Pennsylvania Institute of Certified Public Accountants (PICPA). In 2006, the PICPA recognized John as a Joseph E. Sterrett Fellow for his contributions to the accounting profession and in 2007, the Philadelphia Chapter recognized John with their Champion Award for his contributions to the PICPA, Chapter, profession and community.  John has also served as the 2002/2003 President of the American Accounting Association’s Mid-Atlantic Region.

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Price (USD)

Standard: $24.95

Details

Course Code : 99FLE76

Release Date : 06/26/2024
Expire Date : 05/31/2026
Credits :
CPE 1.00
QAS 1.00

Length : 50min
Course Level : Basic
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

Theme : IFRS

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