UKAS Module 6: Accounting Standards Dealing with Disclosures in the notes to the Financial Statements

• Identify what is an 'event occurring after the reporting period' and the accounting/disclosure treatment as per IAS 10.
• Identify the two types of after-balance date events, including those events which require adjustment to the year-end financial statements and those events which require disclosure.
• Understand the calculation of basic and diluted earnings per share, including the criteria to determine whether basic earnings per share has been diluted.
• Understand the disclosure requirements required for both basic and diluted earnings per share as per IAS 33.
• Understand the definition of a 'related party' as per IAS 24.
• Identify the disclosures required in terms of transactions with related parties in the notes to the financial statements.
• Understand how to calculate key management personal compensation and the remuneration/compensation disclosures required in the notes to the financial statements as per IAS 24.

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.