UKAS Module 3: Accounting Standards Dealing with Liabilities

• Understand the accounting treatment for short-term and long-term employee benefits, including determination of an appropriate discount rate to be used to discount long-term employee benefits.
• Understand the disclosures required as per IAS 19.
• Understand the difference between a provision, contingent liability and contingent asset, including the recognition criteria.
• Identify the disclosures required for provisions, contingent liabilities and contingent assets as per IAS 37.
• Understand the disclosures required for lessees in the financial statements as per IFRS 16.

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.