Course Overview
3h 25m | 25 Videos | 65285 Views | 
All Levels Accounting for Related Parties:
The course gives a detailed overview on accounting for related parties. It explains as to how an entity accounts for the transactions with related parties of their business and hoe certain disclosures need to be made.
We look at Related Parties meaning, Related Parties Examples, related parties as individuals and other than individuals, exclusions, transactions, disclosures as per IAS 24 and Indian Companies Act 2013.
This training is in line with the IFRS standards. IFRS refers to the International Financial Reporting Standards, which are designed as a common global language for business to ensure that accounts are both understandable and comparable on a global basis with a set of uniformity in them. As the international shareholding and trade are growing, there’s a dire need of reporting standards which deal with organizations on a global level.
All the concepts are explained extensively by the use of various case studies for the purpose of deep and insightful understanding.
The training includes the following:
- Introduction
- Related Parties
- Related Parties Examples
- IAS 24
- Indian Companies Act, 2013
Target Customers:
- Students
- Professionals (majorly Accountants, Auditors, Accounting Consultants, and Chartered Financial Analysts etc.) who want to excel in global organizations by learning about global standards that ply in their working.
- Anyone who wants to learn about International Financial Reporting Standards and improve the knowledge about the working of organizations on a global level.
Pre-Requisites:
- Passion to learn
- Interest in finance and accounting
- Basic knowledge of accounting terms and concepts
