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

Reporting Standards

  • The study of a number of important specific accounting standards

Recommended Reading

Indicative Reading for this Unit:

Main Text:
A student’s guide to International Reporting Standards, Claire Finch, 3rd edition, Kaplan Publishing

Alternative Texts and Further Reading:

None specific

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.