Understand the framework and the main elements of financial statements, as well as information on how to identify the components of the IASB Framework.
On completion of this online course, you will gain an understanding of:
- how to identify the components of the IASB Framework, its status, scope and impact
- the general requirements of IAS 1
- the need for standard setting and how the international process developed
- the objectives, underlying assumptions and qualitative characteristics of financial statements
- the main elements of financial statements
- the structure and content of financial statements.