IFRS®: Earnings Per Share (IAS 33), Statement of Cash Flows (IAS 7), and Interim Reporting (IAS 34)

Learn key concepts of IAS 7, IAS 34, and IAS 33

Understanding the basic guidelines and principles of IAS 7, Statement of Cash Flows; IAS 34, Interim Reporting; and IAS 33, Earnings per Share is essential to your comprehension of international accounting standards. Gain a fundamental understanding of these standards to better assist clients subject to IFRS requirements.

Key principles covered include:

• format of cash flow statements;
• minimum content of an interim financial report;
• special considerations for revenue, costs, use of estimates, and restatements; and
• earnings per share calculations.

Why IFRS is relevant to your practice

Many of the world's largest capital markets require or permit the use of International Financial Reporting Standards®.

Whatever your location, you could easily find yourself with a client subject to IFRS requirements.

Understanding IFRS requirements will help you better assist clients subject to these standards and enable you to effectively compete in the modern business world.

Realistic examples to elevate your knowledge

The interactive learning elements and real-life examples in this course will help you implement key concepts to your practice.

The real-world case studies will enable you to apply the core principles of IAS 7, IAS 34, and IAS 33 to better assist your clients.

This course is part of the IFRS Certificate Program — a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.

Who Will Benefit

• Accounting and finance professionals who work for private or public multinational organizations that have adopted IFRS Standards.
• Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS Standards.

Key Topics

• Format of cash flow statements
• Categories of cash flows (operating, investing, and financing)
• Minimum content of an interim financial report
• Accounting recognition and measurement principles under interim reporting
• Special considerations for revenue, costs, use of estimates, and restatements
• Earnings per share calculations
• Assessing financial performance of an entity
• Relevant disclosures

Learning Outcomes

• Recognize the format of the statement of cash flows.
• Distinguish cash flows as being related to financing, investing, or operating activities.
• Identify required disclosures for a statement of cash flows.
• Recognize the format of the IFRS-required financial statements.
• Identify components of the statement of cash flows and related presentation requirements.
• Identify the requirements for interim reports.
• Recognize scope and general characteristics of IAS 33, Earnings Per Share.
• Identify potential ordinary shares.
• Calculate basic and diluted earnings per share.