IFRS Masterclass: Joint Arrangements + Segments + Discontinued Ops

Gain a deep understanding of joint control and the classification of joint arrangements, including how to distinguish between joint operations and joint ventures, assess contractual agreements, and apply the appropriate accounting treatment. Learn to prepare accurate financial statements by understanding the role of separate vehicles, legal form, and other key factors that influence classification. You'll master accounting for joint operations, apply the equity method for joint ventures, and understand how to report interests in joint arrangements in separate financial statements. Transitional provisions and amendments from previous standards are also addressed for comprehensive context.

Explore the requirements of segment reporting by identifying operating segments based on management’s internal reporting structure. Understand the role of the chief operating decision maker, segment aggregation rules, and key thresholds used to determine reportable segments. You'll develop the ability to interpret and disclose segment-related profit or loss, assets, liabilities, and reconciliations in a way that meets compliance standards and enhances financial clarity.

Delve into the principles of disposals and discontinued operations by mastering the classification and measurement of non-current assets held for sale or distribution. Understand the specific conditions under which assets are reclassified, how to account for impairment, and when to cease depreciation. You’ll learn the correct presentation of discontinued operations in the financial statements and how to disclose relevant information, improving both the accuracy and transparency of your reporting.

This integrated course equips you with the skills to manage complex reporting scenarios involving joint arrangements, segment disclosures, and asset disposals. By applying these standards effectively, you'll enhance the reliability of financial statements and support informed decision-making within your organization.