UKAS Module 1: Accounting Standards Dealing with the Format and Presentation of the Financial Statements

• Identify the various financial statements that comprise a 'complete set of financial statements' under IAS 1
• Identify the disclosures required on the face of each of the four primary financial statements and/or in the notes to the financial statements
• Identify the required disclosures required in the notes to the financial statements
• Understand the format and content of a Statement of Cash Flows and the disclosure requirements required under IAS 7
• Understand what accounting policies are required to be disclosed and how changes in accounting policies, changes in accounting estimates and material errors from a prior period are accounted for and disclosed under IAS 8.
• Apply the principles learned throughout the course in a practical setting

This module is designed for accountants who are involved in reporting, particularly in the application of accounting standards. It is beneficial to financial accountants in both public practice or private companies wishing to increase or refresh their knowledge of current reporting standards.