Financial Accounting GAAP Principles

Ilse Lubbe is senior lecturer and course convenor for Financial Accounting 2 in the Department of Accounting at UCT.

PART 1: FINANCIAL REPORTING ; 1 The financial reporting environment ; 2 Review of the Accounting Framework ; 3 Presentation of Financial Statements (incl. Segmental reports, interim reports, related party transactions), IAS1, IAS14, IAS24, IAS34 and IFRS8 ; PART 2: STATEMENT OF FINANCIAL POSITION ; 4 Property, plant and equipment, IAS16 ; 5 Investment properties, IAS40 ; 6 Intangible assets, IAS38 ; 7 Inventories (incl. Expenses classified by function & nature), IAS2 ; 8 Financial Instruments, IAS32&39 ; 9 Impairment of assets, IAS36 ; 10 Provisions, contingent assets and contingent liabilities, IAS37 ; 11 Leases, IAS17 ; 12 Income taxes (incl. Deferred tax), IAS12 ; 13 Borrowing costs, IAS23 ; 14 Events after reporting date, IAS10 ; 15 Non-current assets held for sale and discontinued operations, IFRS5 ; 16 Owners' equity of companies, IAS1 ; PART 3: STATEMENT OF COMPREHENSIVE INCOME ; 17 Revenue, IAS18 ; 18 Accounting policies, changes in accounting estimates and errors, IAS8 ; 19 Expenses, gains and losses (incl. Employee benefits), IAS1 & IAS19 ; 20 Foreign exchange changes, IAS21 ; 21 Share based payments, IFRS2 ; PART 4: ACCOUNTING FOR GROUPS ; 22 Business combinations, IFRS3 ; 23 Consolidation and separate financial statements, IAS27 ; 24 Foreign operations, IAS21 ; 25 Investments in associates, IAS28 ; 26 Interest in joint ventures, IAS31 ; PART 5: OTHER REPORTING ; 27 Statements of cash flows (incl. For groups), IAS7 ; 28 Earnings per share (incl. headline earnings per share), IAS33