Update on International Financial Reporting Standards

MODULES

DESCRIPTION OF THE MODULE

CONTENTS

PROFESSOR

HOURS

Module I. Conceptual Framework.

Understand the fundamental definitions of the regulation

1. Objective

2. Elements of the financial statements

3. Recognition and measurement of the elements of the financial statements.

Eco. Orlando Espinoza / Eng. Diego Condo

2 HOURS

(in person)

Module II. IAS 2. Inventories.

Establish the accounting treatment of stocks.

1. Definitions.

2. Measurement of Inventories.

3. Recognition as an expense.

4. Information to be disclosed.

Eco. Orlando Espinoza / Eng. Diego Condo

4 HOURS

(in person)

Module III.  

IAS 39: Financial Instruments

Establish the criteria for the recognition, cancellation and valuation of financial assets and liabilities.

1. Definitions.

2. Recognition, cancellation and valuation.

3. Information to be disclosed.

Eco. Orlando Espinoza / Eng. Diego Condo

4 HOURS

(in person)

Module IV. IAS 16: Property, plant and equipment

Establish the principles for the initial recognition and subsequent valuation of property, plant and equipment.

1. Definitions.

2. Recognition.

3. Measurement at and after recognition

4. Cancellation of accounts

5. Information to be disclosed.

Eco. Orlando Espinoza / Eng. Diego Condo

4 HOURS

(in person)

Module V. IAS 36: Impairment of Assets

Check that the assets are not recorded at a value greater than their recoverable amount.

1. Definitions.

2. Measurement, recording and reversal.

3. Information to be disclosed.

Eco. Orlando Espinoza / Eng. Diego Condo

4 HOURS

(in person)

Module VI. IAS 12: Income taxes.

Prescribe the accounting treatment of income tax.

1. Definitions.

2. Acknowledgment and registration.

3. Information to be disclosed.

Eco. Orlando Espinoza / Eng. Diego Condo

4 HOURS

(in person)

Module VII. Updating of new standards IFRS 9, IFRS 15 and IFRS 16.

IFRS 9: Financial Instruments.

IFRS 15: Income from ordinary activities from contracts with customers.

IFRS 16: Leases.

1. Definitions.

2. Recognition

3. Measurement.

4. Presentation.

5. Information to be disclosed

Eco. Orlando Espinoza / Eng. Diego Condo

6 HOURS

(in person)

Final evaluation

Through reagents and application exercises.

theoretical and practical evaluation.

Eco. Orlando Espinoza / Eng. Diego Condo

2 HOURS

TOTAL HOURS

30 hours