IFRS: A Primer
International Financial Reporting Standards (IFRS) are adopted by companies across the globe. This course provides you with an overview of IFRS, why it is important and how it relates to other accounting standards.
£150 +VAT
IFRS: A Primer
£150 +VAT
365 days’ access
This course will enable you to
- Find out about the core aspects of financial reporting under IFRS
- Understand the importance of IFRS and the role of The International Accounting Standards Board (IASB)
- Get to grips with the standards and how they are applied in practice, including accounting for assets and liabilities
- Understand the IFRS framework and how it relates to other local standards
- Refresh your knowledge and understanding of IFRS
About the course
Companies all over the world account under International Financial Reporting Standards (IFRS) so as an accountant it’s important to have a grasp on these standards and how they are applied.
Whether you’re looking for a refresher or just want to familiarise yourself with IFRS, this course provides an overview of IFRS and how to report under these standards. Not only will you learn about the IFRS regulatory framework, fundamental accounting concepts, and developing accounting policies, you’ll also explore how to account for assets, liabilities, income, and expenses.
Contents
An introduction to the IFRS regime
What is IFRS?
IASB and the IFRS Standards
The IFRS for SMEs
Not for everyone?
Global adoption of IFRS
IFRS financial statements
Explaining accounting policies
IAS 8 and accounting policies
Formatting financial statements
Presentation of financial statements
The statement of financial position
The statement of profit or loss and other comprehensive income
The statement of changes in equity
The statement of cash flows
Accounting for assets
Understanding assets
Assets – definitions and concepts
Property, plant and equipment
Measurement subsequent to initial recognition
Intangible assets
Measuring and categorising intangible assets
Understanding impairment
The impairment of assets
Current assets
Accounting for liabilities
Liabilities and provisions
Definitions and concepts
Provisions, contingent liabilities and contingent assets
Contingent assets
Specific types of provision
A new standard for leasing
Leasing
Financial liabilities
Accounting for revenue and discontinued operations
Definitions and concepts
Revenue recognition
The importance of revenue recognition
Recognising revenue over time
Discontinued operations
Presenting discontinued operations
Author
Lisa Weaver
After qualifying (ICAEW), Lisa spent several years in audit practice with Deloitte and was part of the national audit training faculty at KPMG. Since leaving practice, Lisa has worked in a variety of education-focused roles, including executive education and has maintained strong links with the accountancy professional bodies.
18 reviews for IFRS: A Primer
You might also like
Take a look at some of our bestselling courses
Alan Keshtmand –
Clear and easy to digest
Thomas Leach –
Great content
Joseph Miller –
Perfect for a refresh or understanding core concepts at a summary level of detail.
Evgenia Triantafyllidou –
Refreshing Ifrs.Excellent course
Lee Koon Chen –
No comment.
Olayemi Oki –
My knowledge of accounting standards was refreshed.
Paul Camp –
Very useful refresher and update on more recent standards on rev recog and leases
Scott Dempsey –
where possible a few more simple numeric illustrations, such as discounted cashflow
Koon Keaw Ho –
the course is extensive covered with many good eg.
Ontlafetse Gracious Reboeleng –
It was an informative course on accounting policies and different standards
Niamh Young –
Good introduction to IFRS at summary level
Zoe Bates –
Christine Dove –
Looking at changing a group of companies to IFRS and this has been a useful insight in to what areas we need to look at and change from FRS
Phibion Gwatidzo –
Contents as required
Lynn Hale –
High level focus on need for IFRS.
Tina Smith –
consider sectors / industries beyond my current one.
Liubov Savinovskaya –
for CPD purposes it was good, for practical purposes it was too general, some practical examples for accounting transactions would be essential for me
Bibi Sameema Mohungoo –
It was a useful tool for me to refresh my IFRS knowledge.