Accounting for Liabilities (Online)
Venue Online - Microsoft Teams
Date Thursday 8th August 2024
Time 09:30 - 12:30
Information In this session we will look at the requirements of IAS 1, IAS 37, IAS 32, IFRS 9 and the conceptual framework in relation to the following aspects:

The definition of liabilities in accordance with the new definition upon the conceptual framework

The amended definition of current liabilities as per IAS 1

The key requirements of IAS 37 in respect of the following:

- Background and objectives
- Scope
- Executory contracts
- Provisions
- Restructuring provisions
- Onerous contracts
- Contingent liabilities
- Contingent assets
- Disclosures

The definition of financial liabilities under IAS 32

A brief discussion of the distinction between equity and liabilities under IAS 32
The meaning of derivative financial instruments with the focus of what is a derivative financial liability

A brief look at fair value in accordance with IFRS 13

The recognition and measurement principles of financial liabilities as laid down in IFRS 19

The accounting implication for financial guarantee contracts
CPD Units 3 units on full attendance
Seats Left 20
Price Rs 4000
Booking Deadline Thursday 8th August 2024
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