SESSION 06 IAS 38 INTANGIBLE ASSETS
To prescribe the accounting treatment for intangible assets in general.
To explain the accounting treatment for expenditure on research and development
SESSION 12 CAPITAL STRUCTURE AND FINANCE COSTS
To understand the capital structure of limited liability companies and account for
Advantages v Disadvantages
SESSION 11 PARTNERSHIP ACCOUNTS
To prepare financial statements for partnerships and account for changes in the
Advantages & disavantages
SESSION 14 IAS 7 CASH FLOW STATEMENTS
To provide information about historical changes in cash and cash equivalents by means
of a cash flow statement (CFS) which classifies cash flows during the period from
operating, investing and finan
SESSION 10 INCOMPLETE RECORDS
To prepare accounts from incomplete information and records.
Limited v incomplete
Cash and bank
SESSION 13 IAS 8 ACCOUNTING POLICIES, CHANGES IN ACCOUNTING ESTIMATES
To explain the need for guidance on reporting performance.
To prescribe the criteria for selecting and changing accounting policies.
To account for changes
SESSION 15 APPENDIX GLOSSARY OF TERMS
Words highlighted by italics within an entry indicate other entries under which further
explanation or information can be found.
Accounting the classification and recording of monetary transactions and their present
SESSION 07 IAS 2 INVENTORIES
To prescribe the accounting treatment for inventories under the historical cost system.
To provide practical guidance on:
determination of cost;
SESSION 09 IAS 10 EVENTS AFTER THE BALANCE SHEET DATE
To account for post balance sheet events.
Adjusting vs non-adjusting
WITH IAS 37
See Session 8