JUMOQ Learning · Foreign Currency & Inflation

Applying Ind AS 29 - Historical-cost Statement of Financial Position Restatement

Apply and document Historical-cost Statement of Financial Position Restatement. The course covers Monetary items and index-linked monetary balances; Historical-cost non-monetary assets and liabilities; Non-monetary items carried at current amounts; Share capital, reserves and opening retained earnings; Impairment, recoverable amount and net realisable value through original lessons, assessments, governed activities, formula-driven restatement packs and evidence-led controls.

INDAS29-I01Intermediate

Course director: Venkata Subramani Ramachandra

3 hr 21 minFull study estimate

Full study estimate: 3 hr 21 min

Self-paced estimates for one pass through the course. Practical work includes activities, assignments and resource study. Your pace may vary; breaks and repeat attempts are extra. All course and certificate requirements still apply.

Inside this course

Select a topic to see its lessons, videos, practice activities and resources.

Course orientation

VideoFrom Standard Requirements to an Applied Accounting Workflow
VideoInd AS 29 Architecture and Learning Path

Monetary items and index-linked monetary balances

LessonMonetary items and index-linked monetary balances
VideoRestate Monetary, Index-linked and Non-monetary Balances
QuizLesson 1 knowledge check
Decision MissionDecision Mission - select and justify the hyperinflation pathway

Historical-cost non-monetary assets and liabilities

LessonHistorical-cost non-monetary assets and liabilities
VideoEquity, Impairment and the Restated Balance-sheet Control
QuizLesson 2 knowledge check
Case QuestCase Quest - investigate the index, balances and group evidence

Non-monetary items carried at current amounts

LessonNon-monetary items carried at current amounts
QuizLesson 3 knowledge check
Impact SimulatorImpact Simulator - test index and monetary-position assumptions

Share capital, reserves and opening retained earnings

LessonShare capital, reserves and opening retained earnings
QuizLesson 4 knowledge check
Practice LabPractice Lab - complete the Ind AS 29 restatement workflow

Impairment, recoverable amount and net realisable value

LessonImpairment, recoverable amount and net realisable value
QuizLesson 5 knowledge check

Restated statement of financial position decision framework

LessonRestated statement of financial position decision framework
QuizLesson 6 knowledge check
AssignmentTechnical assignment - hyperinflation accounting paper and workings
Downloadable resourceHistorical-cost Statement-of-financial-position Restatement Pack
Downloadable resourceInd AS 29 Standard Map, Assessment and Restatement Checklist

Final Assessment

QuizApplying Ind AS 29 - Historical-cost Statement of Financial Position Restatement - Final Assessment

Certificate

CertificateCertificate of completionUnlocks after every quiz is completed at its required pass mark and all course requirements are complete.

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