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IAS 1-Presentation of Financial Statements

A video lecture series covering the core principles and concepts within IAS 1 -Presentation of Financial Statements
4.4 (53 ratings)
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2,328 students enrolled
  • 23 mins on-demand video
  • 5 Articles
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion

A review of the key concepts and principles of International Financial Reporting Reporting Standards (IAS 8) Accounting Policies, Changes in Accounting Estimates and Errors.

The course includes theoretical principle lectures including a Standard on a page (SOAP) summary. These principles are then illustrated practically in class examples that focus on journalising the recognition and measurements principles contained in the standard.

You will need to download the lecture slides and work through the lecture videos and the class examples.

The course is structured to assist three categories of delegates who require knowledge of International Financial Reporting Interpretations (IFRIC):

  • Students studying accounting at university;
  • Candidates studying to pass board and professional exams;
  • Professionals looking to keep up to date with continuing professional education.

The Tabaldi approach is practical and our lecturers focus on making the sometimes complex principles of financial reporting simple and practical.

You will need to engage with the lecturer with pen in one hand and calculator in the other, mental application and a proactive approach will ensure that you master this topic under financial reporting and accounting.

Who is the target audience?
  • Students studying accounting at university
  • ACCA Candidates
  • CIMA Candidates
  • Professional accountants for continuing professional education/development
  • Candidates sitting for professional accounting exams
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What Will I Learn?
By the end of this course you will be able to understand the principles of IAS 1-Presentation of Financial Statements
View Curriculum
  • A basic understanding of accounting, you must know what revenue means and have some working knowledge of debits and credits
Curriculum For This Course
Expand All 8 Lectures Collapse All 8 Lectures 47:46
Notes download and overview
2 Lectures 00:28
Introduction and guidance (Read)

IAS 1 Lecture Notes (PDF)
21 pages
IAS 1: Principles and Application
6 Lectures 26:02

IAS 1 discusses the purpose of financial statements and what should be included in the financial statements to meet the objective of this purpose.

Purpose of Financial Statements

This interactive infographic will guide you through the general features of financial statements as discussed in IAS 1.

General Features (Read)

Do you know the structure of the financial statements. IAS 1 prescribes the minimum contents and overall structure for each of the statements. Cash flow statements are discussed in IAS 7.

You must learn this structure before proceeding with further studies.

Structure and contents of financial statements

Do we need to classify assets as current or non current?

Asset Clarification- Current vs Non Current (Read)

Do we need to classify liabilities as current or non current?

Liability Classification - Current vs Non Current (Read)

Important definitions per IAS 1 (Paragraph 7). You must read through them as they are used throughout this and future courses.

IAS 1 Definitions (Read)
About the Instructor
4.4 Average rating
326 Reviews
7,907 Students
9 Courses
Accounting and Financial Reporting specialists

Tabaldi Education is an organisation that specialises in Accounting and Financial Reporting training and consulting.

Our lecturing team at Tabaldi consists of a group of highly qualified Chartered Accountants who have lectured at undergraduate and postgraduate level, as well as having presented professional accounting training around the world.

Richard Starkey one of Tabaldi's leading lecturers has had years of experience lecturing and consulting for large international corporates, including the big four audit firms within South Africa. Listed companies in Europe, Africa and the Middle East. Richard is passionate about helping people master the basic principles of financial reporting, and takes an interactive journal driven approach to his lectures.

4.4 Average rating
326 Reviews
7,907 Students
9 Courses
4.4 Average rating
326 Reviews
7,907 Students
9 Courses
4.3 Average rating
279 Reviews
6,221 Students
8 Courses
4.3 Average rating
279 Reviews
6,221 Students
8 Courses
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