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Introduction

Firms prepare financial statements, which are one of the primary means of communication with external stakeholders, and they pay taxes, which can be substantial. This course provides insights into the fundamental determinants and consequences of both.

The course consists of the following components: (1) regulatory environment for financial reporting, (2) International Financial Reporting Standards (IFRS), (3) taxation, and (4) IFRS Sustainability Disclosure Standards.

This course is closely related to the Financial Reporting and Taxation course of the Chartered Institute of Management Accountants (CIMA) professional qualification as Chartered Global Management Accountant (CGMA).

Course content

• Regulatory environment for financial reporting
• IFRS (related to property, plant and equipment, depreciation, accounts receivable, inventory, intangible assets, current and noncurrent liabilities, shareholders' equity, revenue recognition and income taxes)
• Taxation
• IFRS Sustainability Disclosure Standards