Micro Course on Ind AS 1

Take this micro course to get complete picture of Ind AS 1 Presentation of Financial Statements

Take this Course for $10
Welcome to this Micro Course on Ind AS1 Presentation of Financial Statement.
In this course, you will learn following topics which are covered by Ind AS 1
a) Scope and Objective.
b) Various Definitions
c) Purpose of Financial Statements
d) Complete Set of Financial Statements
e) General Features of Financial Statements
f) Going Concern
g) Accrual Basis of Accounting
h) Materiality and Aggregation
i) Offsetting
j) Frequency of Reporting
k) Comparative Information
l) Structure and Content of Financial Statements
m) Distinction between Current and Non Current Assets and Liabilities
n) Current Assets
o) Current Liabilities
p) Information to be provided in Balance Sheet, Profit or Loss Section, Other Comprehensive Income Section
q) Statement of Changes in Equity
This course is structured in self paced learning style.
This course covers Indian Accounting Standards. Hence, students outside India - do not take this course if you have no requirement to study / apply Ind AS in practice.
See you inside the course.

Course Curriculum

Introduction to Ind AS 1
Scope of Ind AS 1
What are General Purpose Financial Statements?
What are complete set ot Financial Statements?
Presentation of True and Fair View and its compliance with Ind AS
Whether departure from requirements of Ind AS is permissible / possible?
Case 1 Deviation from Ind AS
Going Concern Assumption
Going Concern Case Study
Accrual Basis of Accounting
Consistency of Presentation of Financial Statements
Structure and Content of Financial Statements as per Ind AS 1
Balance Sheet minimum requirements as per Ind AS 1
Distinction between Current and Non Current Items
What are Current Assets (as per Ind AS 1) ?
Current Asset Examples
What is Operating Cycle (as per Ind AS 1)?
What are Current Liabilities? (as per Ind AS 1)
Classification of liability in case of refinance / rollover
Case Study on Classification of liability in case of refinance / rollover
Classification of Liability in case of breach of provision of long term contract
Case study on Classification of liability in case of breach of provision of long term contract
Materiality and Aggregation
Offsetting with Case Study
Frequency of Reporting
Frequency of Reporting
Change in Accounting Policies, retrospective restatement or reclassification
Case Study 1 on Current Asset Classification as per Ind AS 1
Case Study 2 on Current Asset Classification as per Ind AS 1
Case Study 3 on Current Asset Classification as per Ind AS 1
Electiricty Deposit - Current Asset or Non Current Asset?
Tender Deposit / EMD - Current or Non Current?
GST Deposit in dispute - Current or Non Current?
Income received in advance - Current or Non Current?
Information required io be presented in Statement of Profit and Loss
Information required io be presented in Balance Sheet
author

CA N Raja Natarajan

Instructor

I am a Chartered Accountant with tonnes of passion for teaching.

I teach Financial Management & Strategic Financial Management for Chartered Accountancy, Cost and Management Accountancy and Company Secretary students in Ernakulam, India. I also hold Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune and Bachelors in Commerce, from Loyola College, Chennai.

I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice. During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in Financial Analysis, Risk Assessment, Viability Study, Evaluating business models, Project Finance, Working Capital Management, etc.

I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like Project Finance, Credit Risk Assessment, Entrepreneurship Development, Finance for Non Finance Executives, etc.

I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.