Accounting Standards
IAS 24 - Related Parties
Identifying Related Parties and Their Disclosure Requirements Under IAS 24
1 CPD credit on completion
Enrol Now
Certificate on completion
Downloadable resources
Self-paced learning
About This Course
Course Information
The learning outcomes from this accounting standards CPD course include: Understanding the objectives The important definitions How to report foreign currency transactions
Certificate on Completion
This course is made up of videos, questions and additional reading materials, and accounts for 1 unit of CPD . One unit is the equivalent of one hour of learning.
Course Sections
This course is made up of the following sections:
- The effects of changes in FX rates (video)
- The effects of changes in FX rates (quiz)
What You Will Learn
- Define a related party under IAS 24, including entities with control, joint control, or significant influence, and close family members of key management personnel
- Identify common types of related party transactions such as sales, purchases, transfers of assets, and management compensation
- Explain why related party disclosures are required and how they protect users of financial statements from transactions not conducted at arm's length
- Describe the disclosure requirements for related party transactions, including the nature of the relationship, the amount, and any outstanding balances
- Recognise when a transaction between two subsidiaries under common control qualifies as a related party transaction
Who This Course Is For
- Accountants responsible for preparing related party disclosures in annual financial statements
- Auditors assessing the completeness and accuracy of related party transaction disclosures
- Company directors and governance professionals who need to understand what constitutes a related party
Prerequisites
- Basic understanding of financial statements and the concept of disclosure notes
- Familiarity with corporate structures such as parent companies, subsidiaries, and associates
Frequently Asked Questions
Course Details
CPD Credits1
CertificateYes
Pricing
Pricing
Invest in your professional development with flexible payment options.
Everything included in your subscription:
CPD certificate on completion
Downloadable resources
Self-paced learning
Expert-led content
24/7 access
Mobile friendly
Ready to Start Learning?
Join thousands of finance professionals who have advanced their careers with Learnsignal CPD courses.
Enrol Now