By the end of the program, participants will be able to:
· Recognize the process of consolidating financial statements.
· Identify business combinations and their related transactions.
· Apply the acquisition method for business combinations.
· Account for goodwill and non-controlling interests.
· Identify different types of financial instruments and accounting methods for each.
· Account for transactions according to fair value method, equity method and amortized cost.
· Recognize differences and similarities between International Financial Reporting Standards (IFRS) and the US Generally Accepted Accounting Principles (GAAP).
Masters Consultant certificate will be issued to all attendees completing minimum of 75% of the total tuition hours of the course.
· Categories of Investments
· Presentation of Financial Instruments
· Distinguishing Liabilities from Equity
· Classification of Instruments:
· Held-to-Maturity Debt Securities (HTM)
· Trading Securities (TS)
· Available-for-Sale Securities (AFS)
· Fair Value through Profit and Loss Option
· Determining Fair Value
· Initial and Subsequent Measurement
· Reclassification and Transfer between Categories
· Constraints on Reclassifications
· Derecognition of Financial Instruments
· Impairment of Financial Assets Carried at Amortized Cost
· Impairment of Financial Assets Carried at Fair Value