What You’ll Learn:
- The principles and purpose of financial reporting
- How to prepare and present financial statements in compliance with key standards
- Recognition, measurement, and disclosure requirements across a range of transactions
- Analysis and interpretation of financial reports for better decision-making
- How to apply professional judgement in complex reporting scenarios
Ideal for:
- University students studying accounting and finance
- Trainee accountants and finance graduates
- Professionals preparing for professional board exams
- Anyone looking to gain a deep understanding of financial reporting
Why Choose This Course
Expert Instruction: Learn from industry experts and seasoned professionals with extensive experience in financial accounting.
Comprehensive Curriculum: Covering all major accounting standards and topics, this course is designed to provide a thorough understanding of financial accounting.
Practical Applications: Apply your knowledge through real-world examples and case studies, ensuring you can translate theory into practice.
Career Advancement: Enhance your credentials and improve your career prospects with a deep understanding of financial accounting principles and standards.
Curriculum
- 1. What is the Conceptual Framework?
- 2. Why It Matters — Purpose and Status of the Framework
- 3. Who Uses Financial Reports & Why?
- 4. The Limitations of General Purpose Reporting
- 5. Overview of the Conceptual Framework’s Structure
- 6. Economic Resources & Claims — The Foundation of Financial Position
- 7. Accrual Accounting vs. Cash Flows
- 8. Understanding Financial Performance
- 9. Non-Performance Changes in Economic Resources
- 10. Stewardship — How Well Is Management Doing?
- 11. Relevance — Making Financial Information Useful
- 12. Faithful Representation — Reflecting Reality Accurately
- 13. Enhancing Qualitative Characteristics — Making Good Info Even Better
- 14. Cost Constraint — Balancing Benefit and Burden
- 15. Elements of Financial Statements — An Introduction
- 16. Recognition — When to Include Items in the Financial Statements
- 17. Derecognition — When to Remove Items from Financial Statements
- 18. Measurement Bases — How to Value Items in the Financial Statements
- 19. Measurement Uncertainty and the Role of Estimates
- 20. What Is a Reporting Entity?
- 21. Presentation — How Financial Information is Organized
- 22. Disclosure — Telling the Full Story
- 23. Capital & Capital Maintenance — Understanding Profit
- 24. Review & Key Takeaways from the Conceptual Framework
- 25. Practical Tips for Applying the Framework as a Student or Future Accountant
- 26. Mindmaps
- 1. Welcome & How to Use This Course
- 2. The Evolution of Lease Accounting
- 3. Objective of IFRS 16
- 4. Scope of IFRS 16
- 5. Recognition Exemptions: Short-Term Leases
- 6. Recognition Exemptions: Low-Value Assets
- 7. Identifying a Lease – Part 1
- 8. Identifying a Lease – Part 2
- 9. The Lease Assessment Flowchart
- 10. Separating Lease & Non-Lease Components
- 11. The Practical Expedient for Lessees
- 12. Determining the Lease Term – Part 1
- 13. Determining the Lease Term – Part 2
- 14. Lessee Initial Recognition
- 15. Right-of-Use Asset: Initial Measurement
- 16. Right of Use Asset - Initial Measurement
- 17. Lease Liability: Initial Measurement – Part 2
- 18. Worked Example – Initial Measurement of a Lease
- 19. Subsequent Measurement of Right-of-Use Asset
- 20. Subsequent Measurement of Lease Liability
- 21. Remeasurement of Lease Liability – Part 1
- 22. Remeasurement of Lease Liability – Part 2
- 23. Lease Modifications for Lessees – Part 1
- 24. Lease Modifications for Lessees – Part 2
- 25. Lessee Presentation & Disclosure – Part 1
- 26. Lessee Presentation & Disclosure – Part 2
- 27. Lessor Classification of Leases
- 28. Finance Leases – Initial Recognition & Measurement
- 29. Finance Leases – Subsequent Measurement & Income Allocation
- 30. Operating Leases – Recognition, Measurement & Depreciation
- 31. Lessor Lease Modifications
- 32. Lessor Presentation & Disclosure Requirements
- 33. Sale and Leaseback – Part 1
- 34. Sale and Leaseback – Part 2
- 35. Sale and Leaseback – Part 3
Your instructor
Masoom Alli CA(SA), an esteemed Chartered Accountant with a firm grounding in the practicalities of financial accounting, brings a wealth of industry experience to the classroom. With years of experience navigating the complexities of financial statements, tax implications, and audit processes, Alli possesses a deep understanding of the concepts and principles that are essential to mastering the discipline of accounting. His practical expertise is complemented by a dedication to continuous learning, ensuring that his knowledge remains both current and comprehensive, a trait which makes him an invaluable guide to those aspiring to excel in the field.
As the lead instructor for the course, Masoom connects theory to practice by integrating real-world scenarios and case studies into his teaching, providing students with a robust and engaging learning experience. His passion for the subject is evident in his commitment to student success, fostering an environment that encourages inquiry and critical thinking. Alli's enthusiasm for financial accounting not only inspires his students but also instills in them the confidence and skills needed to succeed in the ever-evolving landscape of accounting.
Personalized Learning Experience
We believe in the power of personalized education. Our course is designed to adapt to your individual learning style and pace, ensuring you get the most out of every lesson. With personalized feedback and one-on-one sessions with our expert instructors, you'll receive the attention and support you need to excel.
Interactive and Engaging
Learning should be engaging and interactive. Our course includes a mix of live interactive sessions, group discussions, and hands-on activities. This dynamic approach keeps you involved and motivated, making the learning process enjoyable and effective.
Flexible Learning Options
We understand that life can be busy, so we offer flexible learning options to fit your schedule. Access course materials and participate in discussions online, allowing you to balance your studies with your professional and personal commitments.
Three Main Obstacles to Learning with Distance Learning and how this course can assist.
1. Lack of Interaction and Engagement
Obstacle: Students often feel isolated in a distance learning environment, which can lead to decreased motivation and engagement. Without the traditional classroom setting, they may miss the immediate interaction with instructors and peers.
How We Assist:
- Interactive Live Sessions: We offer regular live webinars and Q&A sessions where students can interact directly with instructors and classmates, fostering a sense of community.
- Discussion Forums: Our online platform includes forums and chat groups for students to discuss course materials, share ideas, and support each other.
- Group Projects: Collaborative projects and group assignments encourage peer interaction and teamwork, making learning more engaging and less isolating.
2. Time Management and Self-Discipline
Obstacle: Managing time effectively and maintaining self-discipline can be challenging for students who juggle multiple responsibilities, such as work, family, and studies. The flexibility of distance learning requires strong self-motivation and organizational skills.
How We Assist:
- Structured Schedule: We provide a clear course schedule with deadlines and milestones to help students stay on track.
- Time Management Resources: Access to tools and resources, such as planners and time management workshops, to help students develop effective study habits.
- Regular Check-Ins: Periodic check-ins with academic advisors ensure students are progressing well and provide additional support if needed.
3. Technical Issues and Accessibility
Obstacle: Technical difficulties, such as unreliable internet access, unfamiliarity with online learning platforms, and lack of necessary equipment, can hinder students' ability to participate fully in distance learning.
How We Assist:
- Technical Support: Our dedicated technical support team is available to assist students with any technical issues they may encounter, ensuring they can access course materials and participate in online activities without interruption.
- User-Friendly Platform: We use an intuitive and user-friendly online learning platform that is easy to navigate, even for those with limited technical skills.
- Resource Accessibility: We provide downloadable materials and offline access options to accommodate students with varying levels of internet connectivity.
By addressing these common obstacles, we strive to create a supportive and effective distance learning environment that enables all students to succeed in their studies.