International Accounting Standards
Module 8 aims at introducing the user to the International Accounting Standards. Their objective is to standardize the financial information reported by business entities, in order to be useful to existing and potential investors, lenders, and other users of financial statements.
When completing this module the user will be able to:
- Orientate himself in the area of International Accounting Standards and International Financial Reporting Standards.
- Assign an international approach to accounting and reporting issues.
- Know the international requirements for assets’ and liabilities’ recognition.
- Distinguish the differences between consolidation and business combinations.
- Know the various approaches for the valuation of assets, liabilities, and financial instruments.
