Learning Outcomes
On completion of this course, the learner will be able to:
1. Measure the elements of financial statements
2. Prepare financial statements and accounting records for business organisations
3. Analyse financial statements and interpret accounting information
4. Apply the selected International Financial Reporting Standards (IFRS)
5. Prepare consolidated financial statements of a simple group structure
6. Prepare accounting records for entities under receivership and liquidation
Course Overview (Video)
Course Curriculum
Unit 1 - The Conceptual Framework
Unit 2 - The Regulatory Framework
Unit 3 - Inventories (IAS 2)
Unit 4 - Accounting Policies, Estimates and Errors (IAS 8)
Unit 5 - Borrowing Costs (IAS 23)
Unit 6 - Cashflow Statements (IAS 7)
Unit 7 - Business Combinations (IFRS 3)
Unit 8 - Consolidated Financial Statements (IFRS 10)
Unit 9 - Income Statements (IAS 12)
Unit 10 - Agriculture (IAS 41)
Unit 11 - Government Grants (IAS 20)
Unit 12 - Property, Plant and Equipment (IAS 16)
Unit 13 - Investment Porperty (IAS 40)
Unit 14 - Impairment of Assets (IAS 36)
Unit 15 - Intagible Assets (IAS 38)
Unit 16 - Foreign Exchange Rates (IAS 21)
Unit 17 - Revenue (IFRS 15)
Unit 18 - Leases (IFRS 16)
Unit 19 - Fair Value Measurement (IFRS 13)
Unit 20 - Provisions and Contigencies (IAS 37)
Unit 21 - Presentation of Financial Statements (IAS 1)
Unit 22 - Ratio Analysis
Unit 23 - Receivership and Liquidation
Unit 1 - The Conceptual Framework
Unit 2 - The Regulatory Framework
Unit 3 - Inventories(IAS 2)
Lecture 1 - Cost of Inventories
Lecture 2 - Net Realizable Value
Unit 4 - Accounting Policies, Estimates & Errors
Lecture 1 - Accounting Policies
Lecture 2 - Accounting Estimates
Lecture 3 - Prior Period Errors
Lecture 4 - Change in Accounting Policy
Lecture 5 - Accounting Policy & Estimate Compared
Lecture 6 - Correcting Prior Period Errors
Unit 5 - Borrowing Costs (IAS 23)
Lecture 1 - Accounting for Borrowing Costs
Lecture 2 - Treatment of General Borrowings
Lecture 3 - Determining Eligible Borrowing Costs
Lecture 4 - The Capitalization Rate (Activity 2)
Unit 6 - Cash Flow Statements
Lecture 1 - Presentation of Cash Flow Statements
Lecture 2 - The Indirect Method (Activity 1)
Lecture 3 - The Direct Method (Activity 2)
Unit 7 - Business Combinations (IFRS 3)
Lecture 1 - The Acquisition Method
Lecture 2 - Goodwill Computation
Lecture 3 - Negative Goodwill
Lecture 4 - Non-controlling Interest
Lecture 5 - Consideration Transferred
Unit 8 - Consolidated Financial Statements (IFRS 10)
Lecture 1 - Objective and Scope of IFRS 10
Lecture 2 - Power and Returns
Lecture 3 - Consolidation Procedures
Unit 9 - Income Taxes (IAS 12)
Lecture 1 - Accounting for Current Taxes
Lecture 2 - Accounting for Deferred Taxes
Lecture 3 - Provision for Deferred Taxes
Unit 10 - Agriculture (IAS 41)
Lecture 1 - Biological Assets
Lecture 2 - Agricultural Produce
Lecture 3 - Accounting for Biological Assets
Lecture 4 - Accounting for Agricultural Produce
Unit 11(1) - Earnings Per Share (IAS 33)
Unit 11(2) - Government Grants (IAS 20)
Lecture 1 - Recognition and Measurements
Unit 13 - Investment Property (IAS 40)
Unit 14 - Impairment Assets (IAS 36)
Lecture 1 - Identifying Potentially Impaired Assets
Lecture 2 - Measurement of Recoverable Amount
Lecture 3 - Cash Generating Units (CGU)
Lecture 4 - Accounting for Impairment Loss(Activity
Unit 15 - Intangible Assets (IAS 38)
Lecture 1 - Recognition and Amortization
Lecture 2 - Research and Development Costs
Lecture 3 - IFRS 3 Good Will
Unit 16 - Effects of Changes in Foreign Exchange (IAS 21)
Lecture 1 - Functional and Presentation Currency
Lecture 2 - Transactions Designed in Foreign currency
Lecture 3 - Treatment of Year - End Balances
Unit 17 - Revenue (IFRS 15)
Lecture 1 - Recognition and Measurement
Lecture 2 - Common Types of Transactions
Lecture 3 - Presentation and Disclosure
Lecture 4 - Performance Obligations Satisfied over
Unit 18 - Leases (IFRS 16)
Lecture 1 - Leases Explained (IFRS 16)
Lecture 2 - Exam Type Question
Unit 19 - Fair Value Measurement (IFRS 13)
Lecture 1 - Valuation Techniques
Lecture 2 - Valuation Approaches
Lecture 3 - Measuring Liabilities
Lecture 4 - Disclosure Requirements
Unit 20 - Provisions and Contingencies (IAS 37)
Lecture 1 - Recognition and Measurements of provisions
Lecture 2 - Provisions of Restructuring
Lecture 3 - Treatment of Contingent Liabilities
Lecture 4 - Treatment of Contingent Assets
Lecture 5 - Disclosure Requirements
Unit 21 - Presentation of Financial Statements (IAS 1)
Lecture 1 - Scope of IAS 1
Lecture 2 - Statement of Financial Position
Lecture 3 - Statement of Profit or Loss
Lecture 4 - Statement of Changes in Equity
Lecture 5 - Notes to Financial Statements
Unit 22 - Ratio Analysis
Lecture 1 - Profitability and Return
Lecture 2 - Long Term Solvency and Stability
Lecture 3 - Short Term Solvency and Liquidity
Lecture 4 - Efficiency Ratios
Lecture 5 - Shareholder's Investment Ratios
Lecture 6 - Presentation of Financial Performance
Unit 23 - Receivership and Liquidation
Lecture 1 - Receivership Procedures
Lecture 2 - Liquidation Procedures
Lecture 3 - Preparation of Statement of Affairs
Lecture 4 - Liquidator's Final Statement
Course Resources
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Frequently Asked Questions
The course starts now and never ends! It is a completely self-paced online course. You decide when you start and when you finish.
If you pay for a Tutor support plan, you will get to attend weekly live interactive sessions with your Tutor in addition to following your own study plan.
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You will get a custom certificate signed by your lecturer for every short course and master class. Students undertaking professional courses such as CPA(U), ATD, and CTA will get their certificates and result slips from the ICPAU.
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Target Group
The course has been designed for students undertaking Financial Reporting under CPA(U) professional course and has been built around the official CPA(U) syllabus. The course is also designed for students pursuing a foreign accountancy qualifications such as ACCA and students undertaking financial reporting at institutions of higher learning.
CPA Innocent Mugisha is a Professor of Finance and Accounting with over 10 years' experience in teaching Accounting, Finance, Taxation, Auditing and Statistics related courses including hands-on courses on common accounting system such as tally, quickbooks and sunsystems both at University and Professional level. His qualifications are; PhD (candidate), MBA(Finance), CPA(U), FCCA, CIPS, CTA and BCOM (Accounting). Innocent has also published various books on most topics in Accounting and Finance for Business and Professional Studies.