Application of the IAS IFRS to commercial companies
General Objectives:
This course aims to equip participants with knowledge of the accounting valuation concepts of the IAS/IFRS framework.
Specific objectives:
At the end of the training, trainees should be able to know, identify and deal with the difficulties linked to the first applications of the IAS/IFRS standards in commercial companies.
CONTENTS
MODULE I THE FIRST APPLICATION OF IAS/IFRS TO FINANCIAL STATEMENTS
- Objectives of the European ;
- Applicable regulations;
- National legislation: the options for Portuguese companies;
- The bases for presenting financial statements;
- Detailed analysis of IFRS No. 1;
- Case studies.
MODULE III - THE MAIN BALANCE SHEET ITEMS
- Inventories of goods and of a service provider;
- Tangible and intangible assets;
- Initial recognition;
- Depreciation and amortization;
- Revaluations;
- Impairment;
- Leases;
- Disclosures;
- Investment quality;
- Trade and other receivables;
- Provisions and contingent assets and liabilities.
MODULE III - MAIN OPERATIONS IN THE INCOME STATEMENT
- Employee benefits and pension funds;
- Borrowing costs;
- Deferred taxes.
