KSh 550.00
Description
CONTENT
18.1 Framework for preparation and presentation of financial statement
– Importance of the accounting framework
– Steps in developing international financial reporting interpretations by IFRIC (excluding
detailed IFRICS)
– Ethical and legal issues in financial reporting
18.2 Assets and liabilities of financial statement
– Inventories
– Non-current assets held for sale and discontinued operations
– Impairment of assets
– Exploration for and evaluation of mineral resources
– Income taxes – including group aspects
– Share based payments
– Employee benefits with emphasis on post-employment benefits
18.3 Preparing financial statements and other reports
– Published financial statements (including group statement of cash flows where a subsidiary is
acquired or sold during the year)
– Interim financial statements
– Financial statements of pension schemes/retirement benefit plans
– Operating segment reports
– Earnings per share
– IFRS for small and medium sized entities
– Related parties disclosures
– Effects of inflation and hyper inflationary economies (exclude inflation adjusted financial
statements)
– Business combinations and corporate restructuring
– Management commentary (management discussion and analysis)
– Integrated reporting
18.4 Accounting and reporting of financial instruments
– Nature and scope of financial instruments
– Equity and financial liabilities
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– Recognition and de-recognition of financial instruments
– Hedge accounting
– Other disclosures
18.5 Consolidated and separate financial statements
– Accounting for subsidiaries including piece-meal acquisitions, several subsidiaries and sub-
subsidiaries
– Investments in associates and jointly controlled arrangements
– Foreign entities (subsidiary, associate and jointly controlled entities)
– Disposal of investment in subsidiary (partial and full disposal)
18.6 Public sector accounting
Provisions of the following IPSASs (emphasis on distinctions with equivalent IASs/IFRSs)
– Effects of changes in foreign exchange rates
– Revenue from exchange and non-exchange transactions
– Hyperinflationary economies (ignore inflation adjusted financial statements)
– Segment reports
– Related party disclosures
– Impairment of cash generating and non–cash generating assets
– Disclosure of information about the general government sector
18.7 Current trends
– Reporting on corporate social responsibility
– Reporting on environmental matters
– Corporate governance reports (Directors reports and Chairman’s statements
– contents only))
– Sustainability reporting
18.8 Emerging issues and trends
