This training on IFRS standard 14 is to give you an in depth overview of how it permits an entity to account, for 'regulatory deferral account balances' in accordance with its previous GAAP.
IFRS refers to the International Financial Reporting Standards, which are designed as a common global language for business to ensure that accounts are both understandable and comparable on a global basis with a set of uniformity in them. As the international shareholding and trade are growing, there’s a dire need of reporting standards which deal with organizations on a global level.
The course gives a detailed overview on the IFRS 14 – Regulatory Deferral Accounts. This training on IFRS standard 14 is to give you an in depth overview of how it permits an entity which is a first-time adopter of IFRS to continue to account, for ‘regulatory deferral account balances’ in accordance with its previous GAAP, both on initial adoption of IFRS and in subsequent financial statements. All the concepts are explained extensively by the use of various case studies for the purpose of deep and insightful understanding.