Regulatory Framework - Main Topics of Study
This is not available as a Single Subject.
Preparation of the Statement of Profit or Loss
- The preparation of the statement of profit or loss and other comprehensive income – in accordance with IAS 1
Preparation of the Statement of Financial Position
- The preparation of the statement of financial position – in accordance with IAS 1
Historical Aspects of Reporting Standards
- The historical developments and necessity for financial reporting standards
- The study of a number of important specific accounting standards
Indicative Reading for this Unit:
A student’s guide to International Reporting Standards, Claire Finch, 3rd edition, Kaplan Publishing
Alternative Texts and Further Reading:
Note: The main text will fully cover Learning Outcomes 1, 2 and 4. However, students are expected to read other texts or online sources. The chapter on Accounting Standards in Richard Giles’ Finance & Accounting (ICM) is of some assistance in regard to Learning Outcome 3.