Learn about IAS 1 Presentation of Financial Statements
What you'll learn
- Understanding IAS 1 and Its Importance
- Components and Structure of Financial Statements
- Current/Non-Current Distinction and Recent Amendments
- Qualitative Characteristics of Financial Statements
- Requirements for Financial Statements Preparation and Presentation
- Minimum Line Items, Subtotals, Classifications, and Disclosures
- Accounting Policies, Judgments, Estimates, and Errors
Requirements
- Basic accounting knowledge
- Understanding of international accounting standards.
- Ability to analyze financial statements. Familiarity with business finance concepts. Background in finance or accounting.
- Access to relevant resources.
- Commitment to learning
Description
Welcome to the comprehensive course on International Accounting Standard 1 (IAS 1) and Financial Reporting. This course is designed to provide you with a solid foundation in financial reporting principles, focusing on the pivotal role of IAS 1 in shaping the preparation and presentation of financial statements. Throughout this course, you will embark on an immersive learning journey, delving into the intricacies of IAS 1 and its significance in fostering transparency, comparability, and credibility in financial reporting practices worldwide.
You will start by exploring the fundamentals of IAS 1, gaining a deep understanding of its objectives, scope, and key principles. You will learn how IAS 1 establishes guidelines for preparing various financial statements, including balance sheets, income statements, statements of changes in equity, and cash flow statements. Through interactive lessons and real-world examples, you will master the art of analyzing and interpreting financial statements, identifying crucial components, and understanding their implications for stakeholders.
As you progress through the course, you will delve into the qualitative characteristics that make financial information useful to users, such as relevance, faithful representation, comparability, and understandability. You will also explore the requirements for financial statement preparation and presentation, including recent amendments, classifications, and disclosures mandated by IAS 1.
By the end of this course, you will be equipped with the knowledge and skills needed to navigate IAS 1 confidently, analyze financial statements effectively, and communicate financial information with clarity and precision. Whether you're an accounting student, finance professional, or business administrator, this course will empower you to excel in the dynamic field of financial reporting. Join us on this exciting journey as we unlock the secrets of IAS 1 and unravel the mysteries of financial reporting.
Who this course is for:
- Accounting students.
- Finance professionals.
- Business administrators.
- Anyone interested in financial reporting.
- Individuals seeking to enhance accounting skills.
- Professionals needing to understand international standards.
- Those aiming to improve financial analysis abilities.
Instructor
- 4.3 Instructor Rating
- 32 Reviews
- 2,837 Students
- 1 Course
Hesham Mokhiemer possesses an extensive 23-year tenure in practical financial management, financial accounting, financial analysis and reporting, cost accounting, budgeting, and planning, and management accounting. His diverse experience spans the banking, retail, and manufacturing sectors, where he has contributed his expertise to top multinational and international organizations. Progressing through various finance roles, Hesham culminated his full-time career as the Finance Director for a prominent international organization in the Middle East.
Boasting 17 years of training experience, Hesham has transitioned his focus entirely to his training mission. A Certified Management Accountant (CMA) and a member of the Institute of Management Accountants (IMA, US) since 2006, he is also a Chartered Business Consultant (CBC – Canada) and a member of the Chartered Association of Business Administrators since 2007. Hesham earned an MBA with merit from the University of Liverpool - UK in 2013 and obtained the Certified Treasury Professional (CTP) designation in 2015, along with membership in the Association for Financial Professionals (AFP – US). Additionally, he holds a certification in Financial Planning and Analysis from AFP US and serves on the advisory board for FPA Middle East from 2023 to 2025. In 2020, Hesham furthered his specialization in financial modelling, earning the Financial Modelling and Valuation Analyst (FMVA) credential.
With a wealth of experience in teaching and organizing accounting and finance courses, Hesham has collaborated with top-rated training companies in the Middle East. Over 17 years, he has delivered approximately 17,000 hours of lectures to more than 15,000 trainees across 16 cities in the GCC. His track record includes successfully guiding candidates through CMA and IFRS exams. In the current year, Hesham conducted numerous training programs for major organizations in telecom, business services, banks, education development, oil and gas, shipping, and facilities management sectors across different countries.
Known for his distinctive training approach, Hesham incorporates practical elements such as case studies, Excel utilization, simulated mock exams, and competition games among participants. His training sessions are designed to be not only educational but also enjoyable and highly effective.