IFRS: Individual (separate) financial statements II

Syllabus

1. Accounting for non-current assets held for sale in accordance with IFRS 5. Scope of the standard, criteria for classification of non-current assets as held for sale. Measurement and presentation of non-current assets as held for sale, including the reversal of classification. Impact on the accounting treatment on accounting ratios. 2. Discontinued activities and their presentation in the Statement of financial statements and the Statement of profit or loss and other comprehensive income in accordance with IFRS 5. Accounting for distribution of non-cash assets to owners in accordance with IFRS 5 and IFRIC 17. Impact on the accounting treatment on accounting ratios. 3. Accounting for transactions and presentation of balances in foreign currency in accordance with IAS 21 and IFRIC 22. Determination of functional currency. Exchange rate gains and losses. Translation of results and balances of foreign operations. Impact on the accounting treatment on accounting ratios. 4. Accounting for the government grants in accordance with IAS 20 and service concession arrangements in accordance with IFRIC 12. Differences between financial statements compiled in accordance with the IPSAS and IFRS. Impact on the accounting treatment on accounting ratios. 5. Accounting for employee benefits in accordance with IAS 19 and IFRIC 14. Scope of the IAS 19, categories of employee benefits, recognition and measurement of related expenses and liabilities. Capitalization of related manufacturing expenses presented in accordance with their nature and their function. Projected unit credit method. Recognition of changes in assumptions. Impact on the accounting treatment on accounting ratios. 6. Non-financial assets revalued through profit or loss: inventories of trader with commodities in accordance with IAS 2, biological assets and agricultural produce in accordance with IAS 41, and properties in accordance with IAS 40. Comparison with assets measured at historical costs. Impact on the accounting treatment on accounting ratios. 7. Impact of seasonality of accounting data on their interpretation. Interim financial statements in accordance with IAS 34, and impairment in interim financial statements in accordance with IFRIC 10. 8. Financial instruments in accordance with IAS 32, distinguishing of financial liabilities from equities in case of combined instruments. Members´ shares in cooperative entities in accordance with IFRIC 2. Extinguishing Financial Liabilities with Equity Instruments in accordance with IFRIC 19 and IFRS 2. 9. Measurement bases for financial assets and liabilities in accordance with IFRS 9. Accounting for investments in accordance with IAS 27. Computation of EPS in accordance with IAS 33. 10. Accounting for current and deferred taxes (including uncertainties) in accordance with the IAS 12 and IFRIC 23 respectively. Accounting for information after the reporting periods in accordance with IAS 10. 11. Compilation of individual financial statements in accordance with the IFRS: balance-sheet, statement of comprehensive income, statement of changes in equity and the cash-flow statement. 12. Compilation of individual financial statements in accordance with the IFRS: Preparation of the notes to the financial statements in accordance with IAS 1 and other respective standards. 13. New projects of the IASB and IFRS IC and standards and interpretations related to individual / separate financial statements, issued after the 2020.