Financial Reporting (Paper 2.1)

The aim of the course is to provide candidates with the skills to prepare single entity and group financial statements in accordance with IFRS, to support evaluation of financial statements, and to provide a basis of knowledge.

7 students enrolled
N/A total duration
English
Updated Aug 2026
Instructor
Instructor

Joseph Oppong

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What You'll Learn

Demonstrate an understanding of the international regulatory, legal and ethical frameworks, the International Accounting Standards Board (IASB) Conceptual Framework for Financial Reporting, and their practical implications for financial reporting
Explain and apply appropriate financial reporting standards in the preparation of financial statements
Prepare and present single entity financial statements in accordance with IFRS
Determine the approach to accounting for business combinations and prepare consolidated financial statements
Analyze and interpret financial statements for relevant stakeholders and other users
Financial Reporting IFRS Application Financial Statement Preparation Consolidated Financial Statement Financial Statement Analysis Conceptual and Ethical Framework Application

Course Curriculum

6 modules • 29 lessons • N/A total
1 Module A: Regulatory, Legal & Ethical Frameworks
4 lessons
Introduction to Financial Reporting Environment, IASB Conceptual Framework

This lesson provides an overview of the IASB, IFRS, and the wider financial r...

IASB Conceptual Framework

This lesson examines the IASB Conceptual Framework in depth, focusing on the ...

Professional Ethics in Financial Reporting; Corporate Governance in Ghana

This lesson addresses the ethical responsibilities and professional conduct e...

Sustainability and Climate Reporting

This lesson introduces sustainability and climate-related financial reporting...

2 Module B: Application of IFRS Standards
8 lessons
Property, Plant and Equipment and Borrowing Costs

This lesson covers IAS 16 Property, Plant and Equipment and IAS 23 Borrowing ...

Government Grants and Investment Property

This lesson covers IAS 20 Accounting for Government Grants and Disclosure of ...

Provisions and Events after the Reporting Period

This lesson covers IAS 37 Provisions, Contingent Liabilities and Contingent A...

Income Taxes and Related Party Disclosures

This lesson covers IAS 12 Income Taxes and IAS 24 Related Party Disclosures. ...

Fair Value Measurement and Non-current Assets Held for Sale and Discontinued Operations

This lesson covers IFRS 13 Fair Value Measurement and IFRS 5 Non-current Asse...

Impairment of Assets and Intangible Assets

This lesson covers IAS 36 Impairment of Assets and IAS 38 Intangible Assets. ...

Financial Instruments

This lesson covers IFRS 9 Financial Instruments and IAS 32 Financial Instrume...

Revenue from Contracts with Customers

This lesson covers IFRS 15 Revenue from Contracts with Customers. It explains...

3 Module C: Single Entity Financial Statements
4 lessons
Leases

This lesson covers IFRS 16 Leases. It explains the recognition, measurement, ...

Earnings per Share and Effects of Changes in Foreign Exchange Rates

This lesson covers IAS 33 Earnings per Share and IAS 21 The Effects of Change...

Statement of Financial Position

This lesson focuses on the preparation of a statement of financial position f...

Cash Flow Statements and Notes

This lesson completes the single-entity financial statement package by explai...

4 Module D: Business Combinations
7 lessons
Introduction to Group Accounts

This lesson introduces the fundamentals of group accounts. It explains the co...

Goodwill and Non-Controlling Interests and Other Key Areas of Comprehension 1

This lesson covers the fundamentals of acquisition accounting, focusing on th...

Other Key Areas of Comprehension 2

This lesson continues the study of acquisition accounting fundamentals, focus...

Consolidated Financial Statements: Financial Position

This lesson explains the preparation of a simple consolidated statement of fi...

Consolidated Financial Statements: Profit or Loss

This lesson explains the preparation of a simple consolidated statement of pr...

Associates

This lesson introduces the accounting for associates using the equity method ...

Associates

This lesson continues the study of associates using the equity method, focusi...

5 Module E: Analysis & Interpretation of Financial Statements
2 lessons
Ratio Analysis and Interpretation

This lesson explains how to calculate and interpret key financial ratios cove...

Stakeholder Reporting & Value Added Statements

This lesson focuses on communicating the results of financial analysis to dif...

6 LIVE SESSIONS
4 lessons
Live Session One: Lesson 1 to 4

Live Session One: Conceptual Framework, Regulatory Framework, Corporate Gover...

Live Session Two: Lesson 4,5,6

Live discussion on Ethical Framework, IAS 16 & 23

LIVE DISCUSSION 3 IAS 20 AND 40

LIVE DISCUSSION 3 IAS 20 AND 40

LIVE DISCUSSION 4 IAS 37 AND 10

LIVE DISCUSSION 4 IAS 37 AND 10

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Instructor
Joseph Oppong
Instructor

Joseph Oppong is a Chartered Accountant and a BCOM Accounting graduate from University of Cape Coast (UCC) with over three years of professional experience as an Accountant. He has been teaching Financial Reporting since 2022, delivering lessons to university students and ICAG exam candidates.

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