MODULE 7: INTERNATIONAL ACCOUNTING STANDARDS

Overall Aim

The module aims at students preparing, generating, presenting and analysing cash flow statements according to the “International Accounting Standards” (IAS) and giving them a basic idea of the IAS principles.

 

Student'spreconditions

Student'sshould have a basic knowledge about balance sheet, income statement and profit and loss account.

Teachers may decide to use the preparation material attached (“M7_PreparationMaterial.ppt”) before using this module.

 

Competences

• Explaining why cash management and especially cash flow planning is vitally important
• Being able to make cash flow statements
• Being able to make cash flow forecasts
• Being able to calculate different ratios

 

Structure of the module

The learning arrangements are to be solved in sequence.

 

Learning arrangements (LA)

Learning arrangements (LA)	LA1: The IAS Principles (IAS 1)	LA2: Cash flow statements (IAS 7)
	Sequences: (1) Preliminary work (2) The core IAS principles	Sequences: (1) IAS 7 in general (2) Case Study: Producing cash flow statements and other financial documents
Total time (20 hours)	4 hours	16 hours

 

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