Judgement and estimation in financial statements: essential or a problem?
Member price: £144.50 + VAT
Non-member price: £170 + VAT
Online Live, 15 June 2022
Online Live, 7 December 2022
Edinburgh, 15 September 2022
The preparation of financial statements inevitably results in a degree of judgement and estimation. However, this can spill over into bias and creative accounting.
This half day course considers the role of estimation and judgement in the preparation of financial statements and examines the relevant accounting and disclosure requirements.
Who should attend
This course will benefit all accountants involved in the preparation and audit of financial statements, in collating and communicating information in support of those financial statements, and in the design of systems to deal with that information. It will also benefit those involved in the design, review and operation of internal controls over the systems, financial information, and financial statements.
What you will learn
Completion of this course will enhance your ability to:
- Analyse the impact of judgement and estimation on financial statements
- Apply judgements and estimates in the preparation of financial statements under FRS 102 and IFRS Standards
- Make meaningful and appropriate disclosures in respect of judgements and estimates made
The course will cover:
- The need for estimates and judgements
- When does estimation and judgement spill over into creative accounting?
- Key areas of judgement in the preparation of financial statements
- Required disclosures
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