On-Demand

25 CPE

IFRS® Certificate Program (On-Demand) 2024

On-Demand
25 CPE

Learn how to understand, apply, and explain fundamental concepts and principles of IFRS Standards across a broad range of accounting standards.

Compete effectively in today's global business environment

Many of the world's largest capital markets require or permit the use of International Financial Reporting Standards®.

Whatever your location, you could easily find yourself with a client subject to IFRS requirements.

Understanding IFRS requirements will help you better assist clients subject to these standards and enable you to effectively compete in the modern business world. Practical learning to enhance your comprehension. The interactive learning elements and real-life examples will help you implement the key concepts you learn in this course.

The real-world case studies will allow you to practice what you learn and apply your knowledge of IFRS requirements.

Courses include the following:

  • The IASB work plan and the conceptual framework for financial reporting and IFRS 13, Fair Value Measurement)
  • IAS 1, Presentation of Financial Statements and IAS 10, Events After the Reporting Period
  • IFRS®: IAS 8, Accounting Policies, Changes in Accounting Estimates and Errors; IFRS 5, Discontinued Operations and Non-current Assets Held for Sale; and IAS 37, Provisions, Contingent Liabilities and Contingent Assets
  • IFRS®: IAS 2, Inventories; IAS 16, Plant, Property and Equipment; and IAS 23, Borrowing Costs
  • IFRS®: Investment Property (IAS 40)
  • IFRS®: IAS 38, Intangible Assets and IAS 36, Impairments
  • IAS 20, Accounting for Government Grants and Disclosure of Government Assistance
  • IFRS 16, Leases
  • IFRS®: Financial Instruments (IAS 32, IFRS 9, IFRS 7)
  • IFRS®: IAS 12, Income Taxes
  • IFRS®: IAS 19, Employee Benefits and IFRS 2, Share-based Payment
  • IFRS 15, Revenue from Contracts with Customers
  • IAS 24, Related Party Disclosures, and IAS 21, The Effects of Changes in Foreign Exchange Rates
  • IFRS®: Earnings Per Share (IAS 33), Statement of Cash Flows (IAS 7), and Interim Reporting (IAS 34)
  • IFRS®: Consolidated Financial Statements (IFRS 10) and Separate Financial Statements (IAS 27)
  • IFRS®: IFRS 3, Business Combinations; IAS 28, Investments in Associates and Joint Ventures; and IFRS 11, Joint Arrangements
  • First-Time Adoption of International Financial Reporting Standards® (IFRS 1)
  • IFRS 17, Insurance Contracts

Learning Objectives

  • Recognize the underlying concepts and principles of IFRS Standards.
  • Identify the required format and content of a complete set of financial statements, including required footnote disclosures.
  • Identify the presentation and disclosure requirements of a statement of cash flows, including the proper classification of operating, financing, and investing activities.
  • Indicate and apply the requirements of new standards on revenue recognition (IFRS 15) and leases (IFRS 16).
  • Identify the classification, recognition, measurement, and disclosure of common financial statement assets and liabilities.
  • Identify and account for an impairment loss with respect to a nonfinancial asset.
  • Recall required disclosures for related parties and events after the reporting period.
  • Recognize the accounting treatment applied to share-based payments and employee benefits.
  • Recall accounting requirements for business combinations, joint arrangements, and investments in associates.
  • Identify and calculate tax amounts to be recognized in the financial statements.
  • Recall the accounting requirements applicable to entities that transact in or keep accounting records in foreign currency.
  • Indicate how to measure fair value when required by IFRS Standards.

Major Topics

  • The Conceptual Framework for Financial Reporting
  • Fair value measurement
  • International accounting standards requirements and guidelines
  • Relevant definitions and disclosures

CPE Credits Available

25 CPE
25
Accounting

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Accounting & Auditing

Prerequisites

Familiarity with financial reporting and accounting principles under IFRS

Intended Audience

Accounting and finance professionals interested in IFRS Standards

Provider

AICPA - Durham

Purchase This Course

  • COCPA Member

    $ 1056 1056
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  • COCPA Non-Member

    $ 1355 1355
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