Specific topics:

Part a

• Elements of Financial Statements - IASB Framework

• The Balance Sheet - IAS 1

• The Income Statement - IAS 1

• The Statement of Changes in Equity  - IAS 1

  • All Changes in Equity -  IAS 1  

Part b

• The Cash Flow Statement - IAS 7

  • Three categories of cash flows: Operating activities, financing activities and investing activities

  • Indirect and direct methods  

• Accounting Policies and explanatory notes

  • Identification - IAS 1

  • Accounting Policies - IAS 1  

  • Net Profit or Loss for the period, Fundamental Errors and Changes in Accounting Policies - IAS 8

  • Events After the Balance Sheet Date - IAS 10
  • Provisions, Contingent Liabilities and Contingent Assets  - IAS 37

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