Global Certificate Restaurant Finance: International Financial Reporting Standards for Restaurants
-- ViewingNowThe Global Certificate in Restaurant Finance: International Financial Reporting Standards (IFRS) for Restaurants is a comprehensive course designed to provide learners with a deep understanding of financial reporting standards specific to the restaurant industry. This course highlights the importance of IFRS in making informed financial decisions and creating a global uniformity in financial reporting.
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โข International Financial Reporting Standards (IFRS) Overview: Understanding IFRS, its relevance, and how it differs from other financial reporting frameworks. โข Financial Statements Preparation: Learning to prepare income statements, balance sheets, and cash flow statements in accordance with IFRS. โข Restaurant Industry Accounting: Recording and reporting revenue, expenses, assets, and liabilities specific to the restaurant industry. โข Leases and IFRS 16: Applying IFRS 16 lease accounting standards to restaurant lease agreements. โข Revenue Recognition (IFRS 15): Understanding revenue recognition principles and implementing IFRS 15 in restaurant operations. โข Employee Benefits and Provisions (IFRS 19): Addressing employee benefits, compensation, and related provisions under IFRS 19. โข Impairment of Assets (IFRS 9): Identifying and accounting for impaired assets under IFRS 9. โข Financial Instruments (IFRS 7): Managing and reporting financial instruments in compliance with IFRS 7.
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