IFRS Mastery for Future-Proof Finance Professionals
You're not just learning accounting standards. You're mastering the language of global finance. Right now, you're navigating complex financial reporting landscapes under pressure. Deadlines loom. Stakeholders demand clarity. And standards continue to evolve. Without deep, confident command of IFRS, you risk missing critical nuances that could impact audits, compliance, credibility, and career progression. The difference between simply applying IFRS and truly mastering it? Precision, speed, and strategic influence. Thousands of finance professionals spend years learning through trial and error. Not you. This course, IFRS Mastery for Future-Proof Finance Professionals, is engineered to take you from confused or inconsistent to completely confident in 30 days-equipping you to produce board-level financial statements and lead IFRS discussions with authority. Like Maria L., Senior Financial Controller in Singapore: “After taking this course, I led the IFRS 16 transition for our entire APAC division. My presentation to the regional board was flawless. I was promoted within six weeks.” You're not just future-proofing your skills. You’re gaining a competitive edge that transforms your value across borders, firms, and functions. Global firms recruit for this expertise. Here’s how this course is structured to help you get there.Course Format & Delivery Details Designed for High-Impact Professionals Like You
The IFRS Mastery for Future-Proof Finance Professionals course is delivered as a fully self-paced, on-demand learning experience. Enrol at any time. Access begins immediately online. No fixed schedules, no mandatory attendance. Learn at your own rhythm, on your terms. Most learners complete the full curriculum in 4 to 6 weeks while working full-time. Many report confidently applying core standards correctly within just 10 days. Lifetime Access & Ongoing Value
- You receive lifetime access to all course materials-the most valuable feature for evolving standards
- Every future update to IFRS content is included at no extra cost
- Always stay current with real-time alignment to new interpretations, amendments, and common reporting pitfalls
Learn Anywhere, Anytime
Access your materials 24/7 from any device. Desktop, tablet, or mobile. Study during early mornings, late nights, or between meetings. The interface is optimised for mobile-first learners. Progress is saved automatically. Your journey fits your life. Expert Guidance You Can Rely On
Each module includes direct, practical insights from senior IFRS practitioners. You’ll receive structured support through annotated case responses, expert commentary, and contextual guidance. Have a question? Our dedicated team of IFRS-certified advisors offers written feedback on key assignments via the platform. Proof of Mastery: Certificate of Completion
Upon successful completion, you’ll earn a Certificate of Completion issued by The Art of Service. This credential is recognised globally by employers, audit firms, and financial institutions. It signals rigorous, practical competency-not just exposure. Recruiters actively seek professionals with this level of verified IFRS command. Zero Risk. Complete Confidence.
We understand the importance of trust. That’s why this course includes our 30-day satisfied or refunded guarantee. If you find the content isn’t delivering immediate value, simply request a full refund-no questions asked. Pricing is transparent, with no hidden fees, subscriptions, or upsells. One straightforward investment. Full access. Lifetime value. - We accept Visa, Mastercard, and PayPal
- Secure checkout. Enterprise invoicing available on request
After enrollment, you’ll receive a confirmation email. Your access details will be sent separately once your course materials are fully prepared-ensuring a seamless onboarding experience with zero technical barriers. This Works Even If…
You’re not a recent graduate. You’re not based in Europe. You haven’t touched IAS 36 in years. This works even if your current role doesn’t require full IFRS application-because we focus on practical implementation, not theory. This course was designed for real-world finance professionals in multinational corporations, audit practices, and financial reporting departments. More than 17,000 accountants, controllers, and financial analysts have used this exact method to close their IFRS knowledge gaps and accelerate promotions. It works because it’s not about memorisation. It’s about structured, repeatable mastery. Your career deserves certainty. This is risk-reversed learning at its most powerful.
Module 1: IFRS Foundations and Global Context - Understanding the Purpose and Principles of IFRS
- Evolution of IFRS: From IASC to IASB
- IFRS vs. GAAP: Key Structural Differences
- Global Adoption and Jurisdiction-Specific Applications
- The Role of the International Accounting Standards Board (IASB)
- IFRS Foundation Structure and Due Process
- Conceptual Framework: Objective of Financial Reporting
- Qualitative Characteristics of Useful Financial Information
- Elements of Financial Statements: Assets, Liabilities, Equity
- Income and Expenses: Recognition and Measurement Concepts
- Accrual Basis of Accounting Under IFRS
- Going Concern Assumption in Practice
- Materiality and Aggregation Principles
- Offsetting Restrictions and Disclosure Requirements
- Consistency and Comparative Information Rules
- First-Time Adoption of IFRS (IFRS 1)
- Exemptions and Practical Expedients in IFRS 1
- Opening IFRS Statement of Financial Position
- Consistency of Accounting Policies Under IFRS 8
- Role of the IFRS Interpretations Committee
Module 2: Core Financial Statements and Presentation - Structure of the IFRS Financial Statement Suite
- Statement of Financial Position: IAS 1 Requirements
- Minimum Line Items and Disclosure Standards
- Statement of Profit or Loss and Other Comprehensive Income
- Single vs. Two-Statement Approach Under IAS 1
- Classification of Items in OCI and Reclassification Adjustments
- Statement of Changes in Equity: Content and Format
- Statement of Cash Flows: Direct and Indirect Methods
- Operating, Investing, and Financing Activities Classification
- Cash and Cash Equivalents Definition (IAS 7)
- Disclosure of Accounting Policies (IAS 1)
- Notes to the Financial Statements Structure
- Significant Accounting Judgements and Estimates
- Comparative Periods and Prior Period Errors (IAS 8)
- Changes in Accounting Estimates vs. Policies
- Retrospective Application Rules
- Practical Application of Disclosure Checklists
- Common Pitfalls in Financial Statement Presentation
- Enhancing Readability for Non-Accountants
- Using IFRS for Internal Management Reporting
Module 3: Revenue Recognition (IFRS 15) - Core Principle of IFRS 15: Control-Based Recognition
- Five-Step Model Overview: From Contract to Recognition
- Identifying Contracts with Customers (Step 1)
- Performance Obligations: Bundled vs. Distinct Goods
- Determining Transaction Price: Variable Consideration
- Constraining Estimates of Variable Consideration
- Time Value of Money in Long-Term Contracts
- Non-Cash Consideration and Significant Financing Components
- Allocating Transaction Price to Performance Obligations
- Standing Adjustment Clauses and Discounts
- Satisfaction of Performance Obligations Over Time
- Overtime Recognition Criteria: Output vs. Input Methods
- Point-in-Time Recognition Scenarios
- Principal vs. Agent Considerations (Gross vs. Net)
- Contract Costs: Incremental and Fulfilment Costs
- Capitalisation and Amortisation of Contract Acquisition Costs
- Contract Cost Impairment Triggers
- Disclosures Required Under IFRS 15
- Revenue Reporting in Interim Statements
- Case Study: SaaS Revenue Under IFRS 15
Module 4: Property, Plant and Equipment (IAS 16) - Definition and Recognition Criteria for PPE
- Initial Measurement: Purchase Price Allocation
- Direct Costs and Borrowing Costs (IAS 23 Integration)
- Subsequent Measurement: Cost vs. Revaluation Model
- Depreciation: Useful Life and Residual Value Estimation
- Depreciation Methods: Straight-Line vs. Reducing Balance
- Componentisation of Assets: Regulatory and Practical Need
- Revaluation Model: Fair Value Adjustments
- Revaluation Surplus in Equity
- Frequency and Documentation Requirements
- Derecognition of PPE: Disposal and Retirement
- Gains and Losses on Disposal
- Leasehold Improvements and IFRS 16 Cross-Application
- Borrowing Costs Capitalisation Thresholds
- Interest Rates for Capitalisation Purposes
- Capitalisation Period and Suspension Rules
- Maintenance and Repairs: Expense vs. Capitalise
- Major Inspections and Refurbishments
- Impairment Triggers in IAS 36
- Real-World Case: Manufacturing Asset Accounting
Module 5: Intangible Assets (IAS 38) - Definition and Recognition of Intangible Assets
- Distinguishing Intangibles from Goodwill
- Initial Measurement: Internally Generated vs. Purchased
- Drawing the Line: Research vs. Development Phases
- Criteria for Capitalising Development Costs
- Subsequent Measurement: Cost Model Overview
- Revaluation Model for Intangibles (Rare Cases)
- Amortisation: Methods and Periods
- Useful Life Estimation and Its Impact
- Derecognition and Impairment Rules
- Goodwill Treatment Under IFRS 3
- Purchased vs. Internally Generated Goodwill
- Non-Amortisation of Goodwill
- Testing Goodwill for Impairment Annually
- Relating Goodwill to Cash-Generating Units
- Disclosures for Intangible Assets and Goodwill
- Patents, Licences, and Proprietary Software
- Customer Lists and Marketing Rights
- Internally Developed Software Accounting Model
- Case Study: Tech Startup Acquisition Reporting
Module 6: Impairment of Assets (IAS 36) - When to Test for Impairment: Trigger Events
- Identifying Cash-Generating Units (CGUs)
- Allocating Goodwill to CGUs
- Allocating Corporate Assets to CGUs
- Value in Use Calculations: Discounted Cash Flows
- Selecting Appropriate Discount Rates
- Forecasting Revenue and Costs for Models
- Estimating Tribal Level of Useful Life
- Fair Value Less Costs of Disposal
- Calculating Recoverable Amount
- Recognising Impairment Losses in the Income Statement
- Reversing Impairment Losses: Rules and Limits
- Impairment in Business Combinations (IFRS 3)
- Impairment in Consolidated Financial Statements
- Role of External Valuations
- Documentation and Audit Trail Requirements
- Common Sector-Specific Impairment Scenarios
- Oil and Gas: Depletion vs. Impairment
- Real Estate: Market Downturn Triggers
- Case Study: Impairment Review for a Cross-Border Retailer
Module 7: Leases (IFRS 16) - Scope of IFRS 16: Who Must Comply
- Lessee and Lessor Definitions
- Identifying a Lease: The Control Test
- Lease vs. Service Contract: Key Indicators
- Right-of-Use Asset Recognition
- Lease Liability Initial Measurement
- Discount Rate Selection: Incremental Borrowing Rate
- Lease Payments Included in Liability
- Variable Lease Payments Treatment
- Amendments and Modifications of Leases
- Short-Term and Low-Value Lease Exceptions
- Separate Accounting for Lease and Non-Lease Components
- Lessor Classification: Finance vs. Operating Leases
- Lessor Accounting Models
- Remeasurement of Lease Liability
- Cash Flow Statement Treatment
- Interest and Depreciation Presentation
- Disclosures Required for Lessees and Lessors
- Transition Methods: Full vs. Modified Retrospective
- Case Study: Implementing IFRS 16 in a Logistics Firm
Module 8: Financial Instruments (IFRS 9) - Classification of Financial Assets: SPPI Test
- Amortised Cost vs. FVTPL vs. FVTOCI
- Business Model Assessment for Classification
- Debt Instruments: Classification Criteria
- Equity Instruments: Fair Value Election
- Initial Recognition and Measurement
- Transaction Costs Capitalisation Treatment
- Subsequent Measurement Rules
- Changes in Fair Value: Profit or OCI
- Reclassification Between Categories
- When Reclassification is Permitted
- Hedging: Fair Value vs. Cash Flow Hedges
- Hedge Accounting Requirements and Effectiveness Testing
- Derecognition of Financial Assets
- Transfer of Risks and Rewards Analysis
- Expected Credit Loss (ECL) Model
- Stages of Credit Risk: 12-Month vs. Lifetime ECL
- Probability of Default and Loss Given Default Inputs
- Discounting ECLs and Credit Adjustments
- Case Study: ECL Implementation for a Regional Bank
Module 9: Provisions, Contingent Liabilities, and Assets (IAS 37) - Definition of a Provision
- Present Obligation from Past Event
- Probable Outflow of Resources
- Reliable Estimate Requirement
- Provisions vs. Contingent Liabilities
- Prudent Uncertainty and Risk Adjustments
- Discounting Long-Term Provisions
- Selecting Appropriate Discount Rates
- Changes in Estimates and Adjustments
- Detailed Disclosure Requirements
- Restructuring Provisions and Announcement Criteria
- Onerous Contracts and Loss Recognition
- Legal and Environmental Liabilities
- Decommissioning Provisions in Extractive Industries
- Provisions for Product Warranties
- Contingent Assets: When to Disclose
- Common Misapplications and Audit Red Flags
- Interaction with IFRS 15 and Revenue Assurance
- Case Study: Environmental Provision Modelling
- Provision Rollforwards in Notes to Financial Statements
Module 10: Consolidation and Group Reporting (IFRS 10) - Control as the Basis for Consolidation
- Power Over Investee and Variable Returns
- Ability to Use Power to Affect Returns
- Evaluating Structured Entities
- Consolidation Procedures and Elimination Entries
- Non-Controlling Interest (NCI) Measurement
- NCI Presentation in Equity and Profit or Loss
- Acquisition Date and Fair Value Adjustments
- Step Acquisitions and Changes in Ownership
- Loss of Control and Derecognition Rules
- Disposals Without Deconsolidation
- Accounting for Subsidiary Share Issues
- Foreign Subsidiaries and Translation
- Subsidiary Accounting Policies Alignment
- Inter-Company Transactions and Balances
- Unrealised Profit Elimination
- Consolidation Worksheet Preparation
- Disclosures of Interests in Other Entities
- Joint Arrangements Overview (IFRS 11)
- Case Study: M&A Integration Reporting
Module 11: Foreign Currency Transactions and Translation (IAS 21) - Determining Functional Currency
- Reporting Currency vs. Functional Currency
- Transactions in Foreign Currencies (Initial Recognition)
- Exchange Rate Selection and Translation
- Settling Monetary vs. Non-Monetary Items
- Foreign Exchange Gains and Losses in P&L
- Translation of Foreign Operations: Assets and Liabilities
- Translation Differences in Other Comprehensive Income
- Recycling Translation Differences on Disposal
- Hyperinflationary Economies (IAS 29)
- Adjusting Financial Statements for Inflation
- Restatement of Previous Periods
- Presenting Inflation-Adjusted Statements
- Impact on Key Financial Ratios
- Disclosure Requirements
- Managing Currency Risk in Corporate Policy
- Rollforward of Translation Reserves
- Case Study: Reporting a Latin American Subsidiary
- Exchange Rate Forecasting in Budgeting
- Intercompany Loans in Foreign Currency
Module 12: Earnings Per Share (IAS 33) - Basic EPS: Numerator and Denominator
- Weighted Average Number of Shares
- Adjusting for Bonus Issues and Share Splits
- Convertible Instruments: Diluted EPS Calculation
- If-Converted Method for Bonds and Notes
- Treasury Share Method for Options and Warrants
- Antidilutive Securities and Exclusion Rules
- Dilution Reversal in Complex Structures
- Classification of Instruments as Equity or Liability
- Impact of IFRS 2 on EPS Calculations
- Recalculating Prior Period EPS
- Multiple Classes of Shares and Voting Rights
- Disclosures for EPS in Primary Statements
- Reconciliation from Basic to Diluted EPS
- EPS in Consolidated vs. Parent-Only Statements
- Using EPS for Investor Communication
- Impact of Stock Buybacks on Per Share Metrics
- Case Study: EPS Reporting for a Publicly Traded Tech Firm
- Currency Effects on EPS in Multinationals
- Analyst Adjustments to Reported EPS
Module 13: Share-Based Payment (IFRS 2) - Scope of IFRS 2: Employee vs. Non-Employee Schemes
- Equity-Settled vs. Cash-Settled Arrangements
- Measuring Fair Value at Grant Date
- Valuation Models: Binomial, Black-Scholes
- Estimating Forfeitures and Adjusting Expenses
- Graded Vesting and Accelerated Recognition
- Modification of Awards: Re-measurement Rules
- Settlement of Awards: Early or Delayed Exercise
- Disclosure Requirements for Fair Value and Assumptions
- Accounting for Employee Share Purchase Plans
- Non-Standard Vesting Conditions
- Market vs. Service vs. Performance Conditions
- Impact on Profit After Tax and Equity
- Linking IFRS 2 to IAS 33 Diluted EPS
- Group Share-Based Payments
- Acquirer Accounting for Target’s Unvested Awards
- Reclassification on Employee Termination
- Reporting Across Jurisdictions with Tax Implications
- Real-World Example: SaaS Firm Equity Incentive Plan
- Audit Trail for Grant and Expense Recognition
Module 14: Insurance Contracts (IFRS 17) - Scope and Applicability of IFRS 17
- Licence to Operate vs. Insurance Contracts
- General Model (Building Block Approach)
- Variable Fee Approach and Premium Allocation Approach
- Grouping Insurance Contracts
- Contractual Service Margin (CSM)
- CSM Release Patterns: In Recognition
- Fair Value Adjustments to Liabilities
- Discount Rate Selection and Updates
- Measurement of Future Cash Flows
- Probability Weighting of Scenarios
- Explicit Risk Adjustment
- Loss Components and Immediate Recognition
- Modification of Contracts
- Portfolio Level Accounting
- Disclosure Requirements: Profitability, Risk, Volatility
- Interaction with IFRS 9: Reinsurance and Financial Assets
- Reinsurance Contracts Held
- Transition Methods: Full vs. Modified
- Case Study: Life Insurance Firm's First-Time Adoption
Module 15: Practical Application and Certification - Step-by-Step Financial Statement Drafting Guide
- Automated Disclosure Checklists by Standard
- IFRS-Compliant Journal Entry Templates
- Worked Examples Across Industries
- Retail, Manufacturing, Financial Services, Technology
- Checklist for First-Time IFRS Adoption
- Gap Analysis for Local GAAP to IFRS Transition
- Drafting Management Commentary for IFRS Reports
- Board-Ready Financial Reporting Package
- Using IFRS for Internal Decision-Making
- Tracking Progress Through the Course Modules
- Final Mastery Assessment: Real-World Case Submission
- Grading Rubric: Accuracy, Completeness, Clarity
- Personalised Feedback on Final Submission
- Certificate of Completion Issued by The Art of Service
- How to Showcase Your Certification on LinkedIn
- Leveraging Your IFRS Mastery in Salary Negotiations
- Accessing Career Resources and Networking Opportunities
- Lifetime Updates Keep You Relevant
- Your Ongoing IFRS Mastery Roadmap
- Understanding the Purpose and Principles of IFRS
- Evolution of IFRS: From IASC to IASB
- IFRS vs. GAAP: Key Structural Differences
- Global Adoption and Jurisdiction-Specific Applications
- The Role of the International Accounting Standards Board (IASB)
- IFRS Foundation Structure and Due Process
- Conceptual Framework: Objective of Financial Reporting
- Qualitative Characteristics of Useful Financial Information
- Elements of Financial Statements: Assets, Liabilities, Equity
- Income and Expenses: Recognition and Measurement Concepts
- Accrual Basis of Accounting Under IFRS
- Going Concern Assumption in Practice
- Materiality and Aggregation Principles
- Offsetting Restrictions and Disclosure Requirements
- Consistency and Comparative Information Rules
- First-Time Adoption of IFRS (IFRS 1)
- Exemptions and Practical Expedients in IFRS 1
- Opening IFRS Statement of Financial Position
- Consistency of Accounting Policies Under IFRS 8
- Role of the IFRS Interpretations Committee
Module 2: Core Financial Statements and Presentation - Structure of the IFRS Financial Statement Suite
- Statement of Financial Position: IAS 1 Requirements
- Minimum Line Items and Disclosure Standards
- Statement of Profit or Loss and Other Comprehensive Income
- Single vs. Two-Statement Approach Under IAS 1
- Classification of Items in OCI and Reclassification Adjustments
- Statement of Changes in Equity: Content and Format
- Statement of Cash Flows: Direct and Indirect Methods
- Operating, Investing, and Financing Activities Classification
- Cash and Cash Equivalents Definition (IAS 7)
- Disclosure of Accounting Policies (IAS 1)
- Notes to the Financial Statements Structure
- Significant Accounting Judgements and Estimates
- Comparative Periods and Prior Period Errors (IAS 8)
- Changes in Accounting Estimates vs. Policies
- Retrospective Application Rules
- Practical Application of Disclosure Checklists
- Common Pitfalls in Financial Statement Presentation
- Enhancing Readability for Non-Accountants
- Using IFRS for Internal Management Reporting
Module 3: Revenue Recognition (IFRS 15) - Core Principle of IFRS 15: Control-Based Recognition
- Five-Step Model Overview: From Contract to Recognition
- Identifying Contracts with Customers (Step 1)
- Performance Obligations: Bundled vs. Distinct Goods
- Determining Transaction Price: Variable Consideration
- Constraining Estimates of Variable Consideration
- Time Value of Money in Long-Term Contracts
- Non-Cash Consideration and Significant Financing Components
- Allocating Transaction Price to Performance Obligations
- Standing Adjustment Clauses and Discounts
- Satisfaction of Performance Obligations Over Time
- Overtime Recognition Criteria: Output vs. Input Methods
- Point-in-Time Recognition Scenarios
- Principal vs. Agent Considerations (Gross vs. Net)
- Contract Costs: Incremental and Fulfilment Costs
- Capitalisation and Amortisation of Contract Acquisition Costs
- Contract Cost Impairment Triggers
- Disclosures Required Under IFRS 15
- Revenue Reporting in Interim Statements
- Case Study: SaaS Revenue Under IFRS 15
Module 4: Property, Plant and Equipment (IAS 16) - Definition and Recognition Criteria for PPE
- Initial Measurement: Purchase Price Allocation
- Direct Costs and Borrowing Costs (IAS 23 Integration)
- Subsequent Measurement: Cost vs. Revaluation Model
- Depreciation: Useful Life and Residual Value Estimation
- Depreciation Methods: Straight-Line vs. Reducing Balance
- Componentisation of Assets: Regulatory and Practical Need
- Revaluation Model: Fair Value Adjustments
- Revaluation Surplus in Equity
- Frequency and Documentation Requirements
- Derecognition of PPE: Disposal and Retirement
- Gains and Losses on Disposal
- Leasehold Improvements and IFRS 16 Cross-Application
- Borrowing Costs Capitalisation Thresholds
- Interest Rates for Capitalisation Purposes
- Capitalisation Period and Suspension Rules
- Maintenance and Repairs: Expense vs. Capitalise
- Major Inspections and Refurbishments
- Impairment Triggers in IAS 36
- Real-World Case: Manufacturing Asset Accounting
Module 5: Intangible Assets (IAS 38) - Definition and Recognition of Intangible Assets
- Distinguishing Intangibles from Goodwill
- Initial Measurement: Internally Generated vs. Purchased
- Drawing the Line: Research vs. Development Phases
- Criteria for Capitalising Development Costs
- Subsequent Measurement: Cost Model Overview
- Revaluation Model for Intangibles (Rare Cases)
- Amortisation: Methods and Periods
- Useful Life Estimation and Its Impact
- Derecognition and Impairment Rules
- Goodwill Treatment Under IFRS 3
- Purchased vs. Internally Generated Goodwill
- Non-Amortisation of Goodwill
- Testing Goodwill for Impairment Annually
- Relating Goodwill to Cash-Generating Units
- Disclosures for Intangible Assets and Goodwill
- Patents, Licences, and Proprietary Software
- Customer Lists and Marketing Rights
- Internally Developed Software Accounting Model
- Case Study: Tech Startup Acquisition Reporting
Module 6: Impairment of Assets (IAS 36) - When to Test for Impairment: Trigger Events
- Identifying Cash-Generating Units (CGUs)
- Allocating Goodwill to CGUs
- Allocating Corporate Assets to CGUs
- Value in Use Calculations: Discounted Cash Flows
- Selecting Appropriate Discount Rates
- Forecasting Revenue and Costs for Models
- Estimating Tribal Level of Useful Life
- Fair Value Less Costs of Disposal
- Calculating Recoverable Amount
- Recognising Impairment Losses in the Income Statement
- Reversing Impairment Losses: Rules and Limits
- Impairment in Business Combinations (IFRS 3)
- Impairment in Consolidated Financial Statements
- Role of External Valuations
- Documentation and Audit Trail Requirements
- Common Sector-Specific Impairment Scenarios
- Oil and Gas: Depletion vs. Impairment
- Real Estate: Market Downturn Triggers
- Case Study: Impairment Review for a Cross-Border Retailer
Module 7: Leases (IFRS 16) - Scope of IFRS 16: Who Must Comply
- Lessee and Lessor Definitions
- Identifying a Lease: The Control Test
- Lease vs. Service Contract: Key Indicators
- Right-of-Use Asset Recognition
- Lease Liability Initial Measurement
- Discount Rate Selection: Incremental Borrowing Rate
- Lease Payments Included in Liability
- Variable Lease Payments Treatment
- Amendments and Modifications of Leases
- Short-Term and Low-Value Lease Exceptions
- Separate Accounting for Lease and Non-Lease Components
- Lessor Classification: Finance vs. Operating Leases
- Lessor Accounting Models
- Remeasurement of Lease Liability
- Cash Flow Statement Treatment
- Interest and Depreciation Presentation
- Disclosures Required for Lessees and Lessors
- Transition Methods: Full vs. Modified Retrospective
- Case Study: Implementing IFRS 16 in a Logistics Firm
Module 8: Financial Instruments (IFRS 9) - Classification of Financial Assets: SPPI Test
- Amortised Cost vs. FVTPL vs. FVTOCI
- Business Model Assessment for Classification
- Debt Instruments: Classification Criteria
- Equity Instruments: Fair Value Election
- Initial Recognition and Measurement
- Transaction Costs Capitalisation Treatment
- Subsequent Measurement Rules
- Changes in Fair Value: Profit or OCI
- Reclassification Between Categories
- When Reclassification is Permitted
- Hedging: Fair Value vs. Cash Flow Hedges
- Hedge Accounting Requirements and Effectiveness Testing
- Derecognition of Financial Assets
- Transfer of Risks and Rewards Analysis
- Expected Credit Loss (ECL) Model
- Stages of Credit Risk: 12-Month vs. Lifetime ECL
- Probability of Default and Loss Given Default Inputs
- Discounting ECLs and Credit Adjustments
- Case Study: ECL Implementation for a Regional Bank
Module 9: Provisions, Contingent Liabilities, and Assets (IAS 37) - Definition of a Provision
- Present Obligation from Past Event
- Probable Outflow of Resources
- Reliable Estimate Requirement
- Provisions vs. Contingent Liabilities
- Prudent Uncertainty and Risk Adjustments
- Discounting Long-Term Provisions
- Selecting Appropriate Discount Rates
- Changes in Estimates and Adjustments
- Detailed Disclosure Requirements
- Restructuring Provisions and Announcement Criteria
- Onerous Contracts and Loss Recognition
- Legal and Environmental Liabilities
- Decommissioning Provisions in Extractive Industries
- Provisions for Product Warranties
- Contingent Assets: When to Disclose
- Common Misapplications and Audit Red Flags
- Interaction with IFRS 15 and Revenue Assurance
- Case Study: Environmental Provision Modelling
- Provision Rollforwards in Notes to Financial Statements
Module 10: Consolidation and Group Reporting (IFRS 10) - Control as the Basis for Consolidation
- Power Over Investee and Variable Returns
- Ability to Use Power to Affect Returns
- Evaluating Structured Entities
- Consolidation Procedures and Elimination Entries
- Non-Controlling Interest (NCI) Measurement
- NCI Presentation in Equity and Profit or Loss
- Acquisition Date and Fair Value Adjustments
- Step Acquisitions and Changes in Ownership
- Loss of Control and Derecognition Rules
- Disposals Without Deconsolidation
- Accounting for Subsidiary Share Issues
- Foreign Subsidiaries and Translation
- Subsidiary Accounting Policies Alignment
- Inter-Company Transactions and Balances
- Unrealised Profit Elimination
- Consolidation Worksheet Preparation
- Disclosures of Interests in Other Entities
- Joint Arrangements Overview (IFRS 11)
- Case Study: M&A Integration Reporting
Module 11: Foreign Currency Transactions and Translation (IAS 21) - Determining Functional Currency
- Reporting Currency vs. Functional Currency
- Transactions in Foreign Currencies (Initial Recognition)
- Exchange Rate Selection and Translation
- Settling Monetary vs. Non-Monetary Items
- Foreign Exchange Gains and Losses in P&L
- Translation of Foreign Operations: Assets and Liabilities
- Translation Differences in Other Comprehensive Income
- Recycling Translation Differences on Disposal
- Hyperinflationary Economies (IAS 29)
- Adjusting Financial Statements for Inflation
- Restatement of Previous Periods
- Presenting Inflation-Adjusted Statements
- Impact on Key Financial Ratios
- Disclosure Requirements
- Managing Currency Risk in Corporate Policy
- Rollforward of Translation Reserves
- Case Study: Reporting a Latin American Subsidiary
- Exchange Rate Forecasting in Budgeting
- Intercompany Loans in Foreign Currency
Module 12: Earnings Per Share (IAS 33) - Basic EPS: Numerator and Denominator
- Weighted Average Number of Shares
- Adjusting for Bonus Issues and Share Splits
- Convertible Instruments: Diluted EPS Calculation
- If-Converted Method for Bonds and Notes
- Treasury Share Method for Options and Warrants
- Antidilutive Securities and Exclusion Rules
- Dilution Reversal in Complex Structures
- Classification of Instruments as Equity or Liability
- Impact of IFRS 2 on EPS Calculations
- Recalculating Prior Period EPS
- Multiple Classes of Shares and Voting Rights
- Disclosures for EPS in Primary Statements
- Reconciliation from Basic to Diluted EPS
- EPS in Consolidated vs. Parent-Only Statements
- Using EPS for Investor Communication
- Impact of Stock Buybacks on Per Share Metrics
- Case Study: EPS Reporting for a Publicly Traded Tech Firm
- Currency Effects on EPS in Multinationals
- Analyst Adjustments to Reported EPS
Module 13: Share-Based Payment (IFRS 2) - Scope of IFRS 2: Employee vs. Non-Employee Schemes
- Equity-Settled vs. Cash-Settled Arrangements
- Measuring Fair Value at Grant Date
- Valuation Models: Binomial, Black-Scholes
- Estimating Forfeitures and Adjusting Expenses
- Graded Vesting and Accelerated Recognition
- Modification of Awards: Re-measurement Rules
- Settlement of Awards: Early or Delayed Exercise
- Disclosure Requirements for Fair Value and Assumptions
- Accounting for Employee Share Purchase Plans
- Non-Standard Vesting Conditions
- Market vs. Service vs. Performance Conditions
- Impact on Profit After Tax and Equity
- Linking IFRS 2 to IAS 33 Diluted EPS
- Group Share-Based Payments
- Acquirer Accounting for Target’s Unvested Awards
- Reclassification on Employee Termination
- Reporting Across Jurisdictions with Tax Implications
- Real-World Example: SaaS Firm Equity Incentive Plan
- Audit Trail for Grant and Expense Recognition
Module 14: Insurance Contracts (IFRS 17) - Scope and Applicability of IFRS 17
- Licence to Operate vs. Insurance Contracts
- General Model (Building Block Approach)
- Variable Fee Approach and Premium Allocation Approach
- Grouping Insurance Contracts
- Contractual Service Margin (CSM)
- CSM Release Patterns: In Recognition
- Fair Value Adjustments to Liabilities
- Discount Rate Selection and Updates
- Measurement of Future Cash Flows
- Probability Weighting of Scenarios
- Explicit Risk Adjustment
- Loss Components and Immediate Recognition
- Modification of Contracts
- Portfolio Level Accounting
- Disclosure Requirements: Profitability, Risk, Volatility
- Interaction with IFRS 9: Reinsurance and Financial Assets
- Reinsurance Contracts Held
- Transition Methods: Full vs. Modified
- Case Study: Life Insurance Firm's First-Time Adoption
Module 15: Practical Application and Certification - Step-by-Step Financial Statement Drafting Guide
- Automated Disclosure Checklists by Standard
- IFRS-Compliant Journal Entry Templates
- Worked Examples Across Industries
- Retail, Manufacturing, Financial Services, Technology
- Checklist for First-Time IFRS Adoption
- Gap Analysis for Local GAAP to IFRS Transition
- Drafting Management Commentary for IFRS Reports
- Board-Ready Financial Reporting Package
- Using IFRS for Internal Decision-Making
- Tracking Progress Through the Course Modules
- Final Mastery Assessment: Real-World Case Submission
- Grading Rubric: Accuracy, Completeness, Clarity
- Personalised Feedback on Final Submission
- Certificate of Completion Issued by The Art of Service
- How to Showcase Your Certification on LinkedIn
- Leveraging Your IFRS Mastery in Salary Negotiations
- Accessing Career Resources and Networking Opportunities
- Lifetime Updates Keep You Relevant
- Your Ongoing IFRS Mastery Roadmap
- Core Principle of IFRS 15: Control-Based Recognition
- Five-Step Model Overview: From Contract to Recognition
- Identifying Contracts with Customers (Step 1)
- Performance Obligations: Bundled vs. Distinct Goods
- Determining Transaction Price: Variable Consideration
- Constraining Estimates of Variable Consideration
- Time Value of Money in Long-Term Contracts
- Non-Cash Consideration and Significant Financing Components
- Allocating Transaction Price to Performance Obligations
- Standing Adjustment Clauses and Discounts
- Satisfaction of Performance Obligations Over Time
- Overtime Recognition Criteria: Output vs. Input Methods
- Point-in-Time Recognition Scenarios
- Principal vs. Agent Considerations (Gross vs. Net)
- Contract Costs: Incremental and Fulfilment Costs
- Capitalisation and Amortisation of Contract Acquisition Costs
- Contract Cost Impairment Triggers
- Disclosures Required Under IFRS 15
- Revenue Reporting in Interim Statements
- Case Study: SaaS Revenue Under IFRS 15
Module 4: Property, Plant and Equipment (IAS 16) - Definition and Recognition Criteria for PPE
- Initial Measurement: Purchase Price Allocation
- Direct Costs and Borrowing Costs (IAS 23 Integration)
- Subsequent Measurement: Cost vs. Revaluation Model
- Depreciation: Useful Life and Residual Value Estimation
- Depreciation Methods: Straight-Line vs. Reducing Balance
- Componentisation of Assets: Regulatory and Practical Need
- Revaluation Model: Fair Value Adjustments
- Revaluation Surplus in Equity
- Frequency and Documentation Requirements
- Derecognition of PPE: Disposal and Retirement
- Gains and Losses on Disposal
- Leasehold Improvements and IFRS 16 Cross-Application
- Borrowing Costs Capitalisation Thresholds
- Interest Rates for Capitalisation Purposes
- Capitalisation Period and Suspension Rules
- Maintenance and Repairs: Expense vs. Capitalise
- Major Inspections and Refurbishments
- Impairment Triggers in IAS 36
- Real-World Case: Manufacturing Asset Accounting
Module 5: Intangible Assets (IAS 38) - Definition and Recognition of Intangible Assets
- Distinguishing Intangibles from Goodwill
- Initial Measurement: Internally Generated vs. Purchased
- Drawing the Line: Research vs. Development Phases
- Criteria for Capitalising Development Costs
- Subsequent Measurement: Cost Model Overview
- Revaluation Model for Intangibles (Rare Cases)
- Amortisation: Methods and Periods
- Useful Life Estimation and Its Impact
- Derecognition and Impairment Rules
- Goodwill Treatment Under IFRS 3
- Purchased vs. Internally Generated Goodwill
- Non-Amortisation of Goodwill
- Testing Goodwill for Impairment Annually
- Relating Goodwill to Cash-Generating Units
- Disclosures for Intangible Assets and Goodwill
- Patents, Licences, and Proprietary Software
- Customer Lists and Marketing Rights
- Internally Developed Software Accounting Model
- Case Study: Tech Startup Acquisition Reporting
Module 6: Impairment of Assets (IAS 36) - When to Test for Impairment: Trigger Events
- Identifying Cash-Generating Units (CGUs)
- Allocating Goodwill to CGUs
- Allocating Corporate Assets to CGUs
- Value in Use Calculations: Discounted Cash Flows
- Selecting Appropriate Discount Rates
- Forecasting Revenue and Costs for Models
- Estimating Tribal Level of Useful Life
- Fair Value Less Costs of Disposal
- Calculating Recoverable Amount
- Recognising Impairment Losses in the Income Statement
- Reversing Impairment Losses: Rules and Limits
- Impairment in Business Combinations (IFRS 3)
- Impairment in Consolidated Financial Statements
- Role of External Valuations
- Documentation and Audit Trail Requirements
- Common Sector-Specific Impairment Scenarios
- Oil and Gas: Depletion vs. Impairment
- Real Estate: Market Downturn Triggers
- Case Study: Impairment Review for a Cross-Border Retailer
Module 7: Leases (IFRS 16) - Scope of IFRS 16: Who Must Comply
- Lessee and Lessor Definitions
- Identifying a Lease: The Control Test
- Lease vs. Service Contract: Key Indicators
- Right-of-Use Asset Recognition
- Lease Liability Initial Measurement
- Discount Rate Selection: Incremental Borrowing Rate
- Lease Payments Included in Liability
- Variable Lease Payments Treatment
- Amendments and Modifications of Leases
- Short-Term and Low-Value Lease Exceptions
- Separate Accounting for Lease and Non-Lease Components
- Lessor Classification: Finance vs. Operating Leases
- Lessor Accounting Models
- Remeasurement of Lease Liability
- Cash Flow Statement Treatment
- Interest and Depreciation Presentation
- Disclosures Required for Lessees and Lessors
- Transition Methods: Full vs. Modified Retrospective
- Case Study: Implementing IFRS 16 in a Logistics Firm
Module 8: Financial Instruments (IFRS 9) - Classification of Financial Assets: SPPI Test
- Amortised Cost vs. FVTPL vs. FVTOCI
- Business Model Assessment for Classification
- Debt Instruments: Classification Criteria
- Equity Instruments: Fair Value Election
- Initial Recognition and Measurement
- Transaction Costs Capitalisation Treatment
- Subsequent Measurement Rules
- Changes in Fair Value: Profit or OCI
- Reclassification Between Categories
- When Reclassification is Permitted
- Hedging: Fair Value vs. Cash Flow Hedges
- Hedge Accounting Requirements and Effectiveness Testing
- Derecognition of Financial Assets
- Transfer of Risks and Rewards Analysis
- Expected Credit Loss (ECL) Model
- Stages of Credit Risk: 12-Month vs. Lifetime ECL
- Probability of Default and Loss Given Default Inputs
- Discounting ECLs and Credit Adjustments
- Case Study: ECL Implementation for a Regional Bank
Module 9: Provisions, Contingent Liabilities, and Assets (IAS 37) - Definition of a Provision
- Present Obligation from Past Event
- Probable Outflow of Resources
- Reliable Estimate Requirement
- Provisions vs. Contingent Liabilities
- Prudent Uncertainty and Risk Adjustments
- Discounting Long-Term Provisions
- Selecting Appropriate Discount Rates
- Changes in Estimates and Adjustments
- Detailed Disclosure Requirements
- Restructuring Provisions and Announcement Criteria
- Onerous Contracts and Loss Recognition
- Legal and Environmental Liabilities
- Decommissioning Provisions in Extractive Industries
- Provisions for Product Warranties
- Contingent Assets: When to Disclose
- Common Misapplications and Audit Red Flags
- Interaction with IFRS 15 and Revenue Assurance
- Case Study: Environmental Provision Modelling
- Provision Rollforwards in Notes to Financial Statements
Module 10: Consolidation and Group Reporting (IFRS 10) - Control as the Basis for Consolidation
- Power Over Investee and Variable Returns
- Ability to Use Power to Affect Returns
- Evaluating Structured Entities
- Consolidation Procedures and Elimination Entries
- Non-Controlling Interest (NCI) Measurement
- NCI Presentation in Equity and Profit or Loss
- Acquisition Date and Fair Value Adjustments
- Step Acquisitions and Changes in Ownership
- Loss of Control and Derecognition Rules
- Disposals Without Deconsolidation
- Accounting for Subsidiary Share Issues
- Foreign Subsidiaries and Translation
- Subsidiary Accounting Policies Alignment
- Inter-Company Transactions and Balances
- Unrealised Profit Elimination
- Consolidation Worksheet Preparation
- Disclosures of Interests in Other Entities
- Joint Arrangements Overview (IFRS 11)
- Case Study: M&A Integration Reporting
Module 11: Foreign Currency Transactions and Translation (IAS 21) - Determining Functional Currency
- Reporting Currency vs. Functional Currency
- Transactions in Foreign Currencies (Initial Recognition)
- Exchange Rate Selection and Translation
- Settling Monetary vs. Non-Monetary Items
- Foreign Exchange Gains and Losses in P&L
- Translation of Foreign Operations: Assets and Liabilities
- Translation Differences in Other Comprehensive Income
- Recycling Translation Differences on Disposal
- Hyperinflationary Economies (IAS 29)
- Adjusting Financial Statements for Inflation
- Restatement of Previous Periods
- Presenting Inflation-Adjusted Statements
- Impact on Key Financial Ratios
- Disclosure Requirements
- Managing Currency Risk in Corporate Policy
- Rollforward of Translation Reserves
- Case Study: Reporting a Latin American Subsidiary
- Exchange Rate Forecasting in Budgeting
- Intercompany Loans in Foreign Currency
Module 12: Earnings Per Share (IAS 33) - Basic EPS: Numerator and Denominator
- Weighted Average Number of Shares
- Adjusting for Bonus Issues and Share Splits
- Convertible Instruments: Diluted EPS Calculation
- If-Converted Method for Bonds and Notes
- Treasury Share Method for Options and Warrants
- Antidilutive Securities and Exclusion Rules
- Dilution Reversal in Complex Structures
- Classification of Instruments as Equity or Liability
- Impact of IFRS 2 on EPS Calculations
- Recalculating Prior Period EPS
- Multiple Classes of Shares and Voting Rights
- Disclosures for EPS in Primary Statements
- Reconciliation from Basic to Diluted EPS
- EPS in Consolidated vs. Parent-Only Statements
- Using EPS for Investor Communication
- Impact of Stock Buybacks on Per Share Metrics
- Case Study: EPS Reporting for a Publicly Traded Tech Firm
- Currency Effects on EPS in Multinationals
- Analyst Adjustments to Reported EPS
Module 13: Share-Based Payment (IFRS 2) - Scope of IFRS 2: Employee vs. Non-Employee Schemes
- Equity-Settled vs. Cash-Settled Arrangements
- Measuring Fair Value at Grant Date
- Valuation Models: Binomial, Black-Scholes
- Estimating Forfeitures and Adjusting Expenses
- Graded Vesting and Accelerated Recognition
- Modification of Awards: Re-measurement Rules
- Settlement of Awards: Early or Delayed Exercise
- Disclosure Requirements for Fair Value and Assumptions
- Accounting for Employee Share Purchase Plans
- Non-Standard Vesting Conditions
- Market vs. Service vs. Performance Conditions
- Impact on Profit After Tax and Equity
- Linking IFRS 2 to IAS 33 Diluted EPS
- Group Share-Based Payments
- Acquirer Accounting for Target’s Unvested Awards
- Reclassification on Employee Termination
- Reporting Across Jurisdictions with Tax Implications
- Real-World Example: SaaS Firm Equity Incentive Plan
- Audit Trail for Grant and Expense Recognition
Module 14: Insurance Contracts (IFRS 17) - Scope and Applicability of IFRS 17
- Licence to Operate vs. Insurance Contracts
- General Model (Building Block Approach)
- Variable Fee Approach and Premium Allocation Approach
- Grouping Insurance Contracts
- Contractual Service Margin (CSM)
- CSM Release Patterns: In Recognition
- Fair Value Adjustments to Liabilities
- Discount Rate Selection and Updates
- Measurement of Future Cash Flows
- Probability Weighting of Scenarios
- Explicit Risk Adjustment
- Loss Components and Immediate Recognition
- Modification of Contracts
- Portfolio Level Accounting
- Disclosure Requirements: Profitability, Risk, Volatility
- Interaction with IFRS 9: Reinsurance and Financial Assets
- Reinsurance Contracts Held
- Transition Methods: Full vs. Modified
- Case Study: Life Insurance Firm's First-Time Adoption
Module 15: Practical Application and Certification - Step-by-Step Financial Statement Drafting Guide
- Automated Disclosure Checklists by Standard
- IFRS-Compliant Journal Entry Templates
- Worked Examples Across Industries
- Retail, Manufacturing, Financial Services, Technology
- Checklist for First-Time IFRS Adoption
- Gap Analysis for Local GAAP to IFRS Transition
- Drafting Management Commentary for IFRS Reports
- Board-Ready Financial Reporting Package
- Using IFRS for Internal Decision-Making
- Tracking Progress Through the Course Modules
- Final Mastery Assessment: Real-World Case Submission
- Grading Rubric: Accuracy, Completeness, Clarity
- Personalised Feedback on Final Submission
- Certificate of Completion Issued by The Art of Service
- How to Showcase Your Certification on LinkedIn
- Leveraging Your IFRS Mastery in Salary Negotiations
- Accessing Career Resources and Networking Opportunities
- Lifetime Updates Keep You Relevant
- Your Ongoing IFRS Mastery Roadmap
- Definition and Recognition of Intangible Assets
- Distinguishing Intangibles from Goodwill
- Initial Measurement: Internally Generated vs. Purchased
- Drawing the Line: Research vs. Development Phases
- Criteria for Capitalising Development Costs
- Subsequent Measurement: Cost Model Overview
- Revaluation Model for Intangibles (Rare Cases)
- Amortisation: Methods and Periods
- Useful Life Estimation and Its Impact
- Derecognition and Impairment Rules
- Goodwill Treatment Under IFRS 3
- Purchased vs. Internally Generated Goodwill
- Non-Amortisation of Goodwill
- Testing Goodwill for Impairment Annually
- Relating Goodwill to Cash-Generating Units
- Disclosures for Intangible Assets and Goodwill
- Patents, Licences, and Proprietary Software
- Customer Lists and Marketing Rights
- Internally Developed Software Accounting Model
- Case Study: Tech Startup Acquisition Reporting
Module 6: Impairment of Assets (IAS 36) - When to Test for Impairment: Trigger Events
- Identifying Cash-Generating Units (CGUs)
- Allocating Goodwill to CGUs
- Allocating Corporate Assets to CGUs
- Value in Use Calculations: Discounted Cash Flows
- Selecting Appropriate Discount Rates
- Forecasting Revenue and Costs for Models
- Estimating Tribal Level of Useful Life
- Fair Value Less Costs of Disposal
- Calculating Recoverable Amount
- Recognising Impairment Losses in the Income Statement
- Reversing Impairment Losses: Rules and Limits
- Impairment in Business Combinations (IFRS 3)
- Impairment in Consolidated Financial Statements
- Role of External Valuations
- Documentation and Audit Trail Requirements
- Common Sector-Specific Impairment Scenarios
- Oil and Gas: Depletion vs. Impairment
- Real Estate: Market Downturn Triggers
- Case Study: Impairment Review for a Cross-Border Retailer
Module 7: Leases (IFRS 16) - Scope of IFRS 16: Who Must Comply
- Lessee and Lessor Definitions
- Identifying a Lease: The Control Test
- Lease vs. Service Contract: Key Indicators
- Right-of-Use Asset Recognition
- Lease Liability Initial Measurement
- Discount Rate Selection: Incremental Borrowing Rate
- Lease Payments Included in Liability
- Variable Lease Payments Treatment
- Amendments and Modifications of Leases
- Short-Term and Low-Value Lease Exceptions
- Separate Accounting for Lease and Non-Lease Components
- Lessor Classification: Finance vs. Operating Leases
- Lessor Accounting Models
- Remeasurement of Lease Liability
- Cash Flow Statement Treatment
- Interest and Depreciation Presentation
- Disclosures Required for Lessees and Lessors
- Transition Methods: Full vs. Modified Retrospective
- Case Study: Implementing IFRS 16 in a Logistics Firm
Module 8: Financial Instruments (IFRS 9) - Classification of Financial Assets: SPPI Test
- Amortised Cost vs. FVTPL vs. FVTOCI
- Business Model Assessment for Classification
- Debt Instruments: Classification Criteria
- Equity Instruments: Fair Value Election
- Initial Recognition and Measurement
- Transaction Costs Capitalisation Treatment
- Subsequent Measurement Rules
- Changes in Fair Value: Profit or OCI
- Reclassification Between Categories
- When Reclassification is Permitted
- Hedging: Fair Value vs. Cash Flow Hedges
- Hedge Accounting Requirements and Effectiveness Testing
- Derecognition of Financial Assets
- Transfer of Risks and Rewards Analysis
- Expected Credit Loss (ECL) Model
- Stages of Credit Risk: 12-Month vs. Lifetime ECL
- Probability of Default and Loss Given Default Inputs
- Discounting ECLs and Credit Adjustments
- Case Study: ECL Implementation for a Regional Bank
Module 9: Provisions, Contingent Liabilities, and Assets (IAS 37) - Definition of a Provision
- Present Obligation from Past Event
- Probable Outflow of Resources
- Reliable Estimate Requirement
- Provisions vs. Contingent Liabilities
- Prudent Uncertainty and Risk Adjustments
- Discounting Long-Term Provisions
- Selecting Appropriate Discount Rates
- Changes in Estimates and Adjustments
- Detailed Disclosure Requirements
- Restructuring Provisions and Announcement Criteria
- Onerous Contracts and Loss Recognition
- Legal and Environmental Liabilities
- Decommissioning Provisions in Extractive Industries
- Provisions for Product Warranties
- Contingent Assets: When to Disclose
- Common Misapplications and Audit Red Flags
- Interaction with IFRS 15 and Revenue Assurance
- Case Study: Environmental Provision Modelling
- Provision Rollforwards in Notes to Financial Statements
Module 10: Consolidation and Group Reporting (IFRS 10) - Control as the Basis for Consolidation
- Power Over Investee and Variable Returns
- Ability to Use Power to Affect Returns
- Evaluating Structured Entities
- Consolidation Procedures and Elimination Entries
- Non-Controlling Interest (NCI) Measurement
- NCI Presentation in Equity and Profit or Loss
- Acquisition Date and Fair Value Adjustments
- Step Acquisitions and Changes in Ownership
- Loss of Control and Derecognition Rules
- Disposals Without Deconsolidation
- Accounting for Subsidiary Share Issues
- Foreign Subsidiaries and Translation
- Subsidiary Accounting Policies Alignment
- Inter-Company Transactions and Balances
- Unrealised Profit Elimination
- Consolidation Worksheet Preparation
- Disclosures of Interests in Other Entities
- Joint Arrangements Overview (IFRS 11)
- Case Study: M&A Integration Reporting
Module 11: Foreign Currency Transactions and Translation (IAS 21) - Determining Functional Currency
- Reporting Currency vs. Functional Currency
- Transactions in Foreign Currencies (Initial Recognition)
- Exchange Rate Selection and Translation
- Settling Monetary vs. Non-Monetary Items
- Foreign Exchange Gains and Losses in P&L
- Translation of Foreign Operations: Assets and Liabilities
- Translation Differences in Other Comprehensive Income
- Recycling Translation Differences on Disposal
- Hyperinflationary Economies (IAS 29)
- Adjusting Financial Statements for Inflation
- Restatement of Previous Periods
- Presenting Inflation-Adjusted Statements
- Impact on Key Financial Ratios
- Disclosure Requirements
- Managing Currency Risk in Corporate Policy
- Rollforward of Translation Reserves
- Case Study: Reporting a Latin American Subsidiary
- Exchange Rate Forecasting in Budgeting
- Intercompany Loans in Foreign Currency
Module 12: Earnings Per Share (IAS 33) - Basic EPS: Numerator and Denominator
- Weighted Average Number of Shares
- Adjusting for Bonus Issues and Share Splits
- Convertible Instruments: Diluted EPS Calculation
- If-Converted Method for Bonds and Notes
- Treasury Share Method for Options and Warrants
- Antidilutive Securities and Exclusion Rules
- Dilution Reversal in Complex Structures
- Classification of Instruments as Equity or Liability
- Impact of IFRS 2 on EPS Calculations
- Recalculating Prior Period EPS
- Multiple Classes of Shares and Voting Rights
- Disclosures for EPS in Primary Statements
- Reconciliation from Basic to Diluted EPS
- EPS in Consolidated vs. Parent-Only Statements
- Using EPS for Investor Communication
- Impact of Stock Buybacks on Per Share Metrics
- Case Study: EPS Reporting for a Publicly Traded Tech Firm
- Currency Effects on EPS in Multinationals
- Analyst Adjustments to Reported EPS
Module 13: Share-Based Payment (IFRS 2) - Scope of IFRS 2: Employee vs. Non-Employee Schemes
- Equity-Settled vs. Cash-Settled Arrangements
- Measuring Fair Value at Grant Date
- Valuation Models: Binomial, Black-Scholes
- Estimating Forfeitures and Adjusting Expenses
- Graded Vesting and Accelerated Recognition
- Modification of Awards: Re-measurement Rules
- Settlement of Awards: Early or Delayed Exercise
- Disclosure Requirements for Fair Value and Assumptions
- Accounting for Employee Share Purchase Plans
- Non-Standard Vesting Conditions
- Market vs. Service vs. Performance Conditions
- Impact on Profit After Tax and Equity
- Linking IFRS 2 to IAS 33 Diluted EPS
- Group Share-Based Payments
- Acquirer Accounting for Target’s Unvested Awards
- Reclassification on Employee Termination
- Reporting Across Jurisdictions with Tax Implications
- Real-World Example: SaaS Firm Equity Incentive Plan
- Audit Trail for Grant and Expense Recognition
Module 14: Insurance Contracts (IFRS 17) - Scope and Applicability of IFRS 17
- Licence to Operate vs. Insurance Contracts
- General Model (Building Block Approach)
- Variable Fee Approach and Premium Allocation Approach
- Grouping Insurance Contracts
- Contractual Service Margin (CSM)
- CSM Release Patterns: In Recognition
- Fair Value Adjustments to Liabilities
- Discount Rate Selection and Updates
- Measurement of Future Cash Flows
- Probability Weighting of Scenarios
- Explicit Risk Adjustment
- Loss Components and Immediate Recognition
- Modification of Contracts
- Portfolio Level Accounting
- Disclosure Requirements: Profitability, Risk, Volatility
- Interaction with IFRS 9: Reinsurance and Financial Assets
- Reinsurance Contracts Held
- Transition Methods: Full vs. Modified
- Case Study: Life Insurance Firm's First-Time Adoption
Module 15: Practical Application and Certification - Step-by-Step Financial Statement Drafting Guide
- Automated Disclosure Checklists by Standard
- IFRS-Compliant Journal Entry Templates
- Worked Examples Across Industries
- Retail, Manufacturing, Financial Services, Technology
- Checklist for First-Time IFRS Adoption
- Gap Analysis for Local GAAP to IFRS Transition
- Drafting Management Commentary for IFRS Reports
- Board-Ready Financial Reporting Package
- Using IFRS for Internal Decision-Making
- Tracking Progress Through the Course Modules
- Final Mastery Assessment: Real-World Case Submission
- Grading Rubric: Accuracy, Completeness, Clarity
- Personalised Feedback on Final Submission
- Certificate of Completion Issued by The Art of Service
- How to Showcase Your Certification on LinkedIn
- Leveraging Your IFRS Mastery in Salary Negotiations
- Accessing Career Resources and Networking Opportunities
- Lifetime Updates Keep You Relevant
- Your Ongoing IFRS Mastery Roadmap
- Scope of IFRS 16: Who Must Comply
- Lessee and Lessor Definitions
- Identifying a Lease: The Control Test
- Lease vs. Service Contract: Key Indicators
- Right-of-Use Asset Recognition
- Lease Liability Initial Measurement
- Discount Rate Selection: Incremental Borrowing Rate
- Lease Payments Included in Liability
- Variable Lease Payments Treatment
- Amendments and Modifications of Leases
- Short-Term and Low-Value Lease Exceptions
- Separate Accounting for Lease and Non-Lease Components
- Lessor Classification: Finance vs. Operating Leases
- Lessor Accounting Models
- Remeasurement of Lease Liability
- Cash Flow Statement Treatment
- Interest and Depreciation Presentation
- Disclosures Required for Lessees and Lessors
- Transition Methods: Full vs. Modified Retrospective
- Case Study: Implementing IFRS 16 in a Logistics Firm
Module 8: Financial Instruments (IFRS 9) - Classification of Financial Assets: SPPI Test
- Amortised Cost vs. FVTPL vs. FVTOCI
- Business Model Assessment for Classification
- Debt Instruments: Classification Criteria
- Equity Instruments: Fair Value Election
- Initial Recognition and Measurement
- Transaction Costs Capitalisation Treatment
- Subsequent Measurement Rules
- Changes in Fair Value: Profit or OCI
- Reclassification Between Categories
- When Reclassification is Permitted
- Hedging: Fair Value vs. Cash Flow Hedges
- Hedge Accounting Requirements and Effectiveness Testing
- Derecognition of Financial Assets
- Transfer of Risks and Rewards Analysis
- Expected Credit Loss (ECL) Model
- Stages of Credit Risk: 12-Month vs. Lifetime ECL
- Probability of Default and Loss Given Default Inputs
- Discounting ECLs and Credit Adjustments
- Case Study: ECL Implementation for a Regional Bank
Module 9: Provisions, Contingent Liabilities, and Assets (IAS 37) - Definition of a Provision
- Present Obligation from Past Event
- Probable Outflow of Resources
- Reliable Estimate Requirement
- Provisions vs. Contingent Liabilities
- Prudent Uncertainty and Risk Adjustments
- Discounting Long-Term Provisions
- Selecting Appropriate Discount Rates
- Changes in Estimates and Adjustments
- Detailed Disclosure Requirements
- Restructuring Provisions and Announcement Criteria
- Onerous Contracts and Loss Recognition
- Legal and Environmental Liabilities
- Decommissioning Provisions in Extractive Industries
- Provisions for Product Warranties
- Contingent Assets: When to Disclose
- Common Misapplications and Audit Red Flags
- Interaction with IFRS 15 and Revenue Assurance
- Case Study: Environmental Provision Modelling
- Provision Rollforwards in Notes to Financial Statements
Module 10: Consolidation and Group Reporting (IFRS 10) - Control as the Basis for Consolidation
- Power Over Investee and Variable Returns
- Ability to Use Power to Affect Returns
- Evaluating Structured Entities
- Consolidation Procedures and Elimination Entries
- Non-Controlling Interest (NCI) Measurement
- NCI Presentation in Equity and Profit or Loss
- Acquisition Date and Fair Value Adjustments
- Step Acquisitions and Changes in Ownership
- Loss of Control and Derecognition Rules
- Disposals Without Deconsolidation
- Accounting for Subsidiary Share Issues
- Foreign Subsidiaries and Translation
- Subsidiary Accounting Policies Alignment
- Inter-Company Transactions and Balances
- Unrealised Profit Elimination
- Consolidation Worksheet Preparation
- Disclosures of Interests in Other Entities
- Joint Arrangements Overview (IFRS 11)
- Case Study: M&A Integration Reporting
Module 11: Foreign Currency Transactions and Translation (IAS 21) - Determining Functional Currency
- Reporting Currency vs. Functional Currency
- Transactions in Foreign Currencies (Initial Recognition)
- Exchange Rate Selection and Translation
- Settling Monetary vs. Non-Monetary Items
- Foreign Exchange Gains and Losses in P&L
- Translation of Foreign Operations: Assets and Liabilities
- Translation Differences in Other Comprehensive Income
- Recycling Translation Differences on Disposal
- Hyperinflationary Economies (IAS 29)
- Adjusting Financial Statements for Inflation
- Restatement of Previous Periods
- Presenting Inflation-Adjusted Statements
- Impact on Key Financial Ratios
- Disclosure Requirements
- Managing Currency Risk in Corporate Policy
- Rollforward of Translation Reserves
- Case Study: Reporting a Latin American Subsidiary
- Exchange Rate Forecasting in Budgeting
- Intercompany Loans in Foreign Currency
Module 12: Earnings Per Share (IAS 33) - Basic EPS: Numerator and Denominator
- Weighted Average Number of Shares
- Adjusting for Bonus Issues and Share Splits
- Convertible Instruments: Diluted EPS Calculation
- If-Converted Method for Bonds and Notes
- Treasury Share Method for Options and Warrants
- Antidilutive Securities and Exclusion Rules
- Dilution Reversal in Complex Structures
- Classification of Instruments as Equity or Liability
- Impact of IFRS 2 on EPS Calculations
- Recalculating Prior Period EPS
- Multiple Classes of Shares and Voting Rights
- Disclosures for EPS in Primary Statements
- Reconciliation from Basic to Diluted EPS
- EPS in Consolidated vs. Parent-Only Statements
- Using EPS for Investor Communication
- Impact of Stock Buybacks on Per Share Metrics
- Case Study: EPS Reporting for a Publicly Traded Tech Firm
- Currency Effects on EPS in Multinationals
- Analyst Adjustments to Reported EPS
Module 13: Share-Based Payment (IFRS 2) - Scope of IFRS 2: Employee vs. Non-Employee Schemes
- Equity-Settled vs. Cash-Settled Arrangements
- Measuring Fair Value at Grant Date
- Valuation Models: Binomial, Black-Scholes
- Estimating Forfeitures and Adjusting Expenses
- Graded Vesting and Accelerated Recognition
- Modification of Awards: Re-measurement Rules
- Settlement of Awards: Early or Delayed Exercise
- Disclosure Requirements for Fair Value and Assumptions
- Accounting for Employee Share Purchase Plans
- Non-Standard Vesting Conditions
- Market vs. Service vs. Performance Conditions
- Impact on Profit After Tax and Equity
- Linking IFRS 2 to IAS 33 Diluted EPS
- Group Share-Based Payments
- Acquirer Accounting for Target’s Unvested Awards
- Reclassification on Employee Termination
- Reporting Across Jurisdictions with Tax Implications
- Real-World Example: SaaS Firm Equity Incentive Plan
- Audit Trail for Grant and Expense Recognition
Module 14: Insurance Contracts (IFRS 17) - Scope and Applicability of IFRS 17
- Licence to Operate vs. Insurance Contracts
- General Model (Building Block Approach)
- Variable Fee Approach and Premium Allocation Approach
- Grouping Insurance Contracts
- Contractual Service Margin (CSM)
- CSM Release Patterns: In Recognition
- Fair Value Adjustments to Liabilities
- Discount Rate Selection and Updates
- Measurement of Future Cash Flows
- Probability Weighting of Scenarios
- Explicit Risk Adjustment
- Loss Components and Immediate Recognition
- Modification of Contracts
- Portfolio Level Accounting
- Disclosure Requirements: Profitability, Risk, Volatility
- Interaction with IFRS 9: Reinsurance and Financial Assets
- Reinsurance Contracts Held
- Transition Methods: Full vs. Modified
- Case Study: Life Insurance Firm's First-Time Adoption
Module 15: Practical Application and Certification - Step-by-Step Financial Statement Drafting Guide
- Automated Disclosure Checklists by Standard
- IFRS-Compliant Journal Entry Templates
- Worked Examples Across Industries
- Retail, Manufacturing, Financial Services, Technology
- Checklist for First-Time IFRS Adoption
- Gap Analysis for Local GAAP to IFRS Transition
- Drafting Management Commentary for IFRS Reports
- Board-Ready Financial Reporting Package
- Using IFRS for Internal Decision-Making
- Tracking Progress Through the Course Modules
- Final Mastery Assessment: Real-World Case Submission
- Grading Rubric: Accuracy, Completeness, Clarity
- Personalised Feedback on Final Submission
- Certificate of Completion Issued by The Art of Service
- How to Showcase Your Certification on LinkedIn
- Leveraging Your IFRS Mastery in Salary Negotiations
- Accessing Career Resources and Networking Opportunities
- Lifetime Updates Keep You Relevant
- Your Ongoing IFRS Mastery Roadmap
- Definition of a Provision
- Present Obligation from Past Event
- Probable Outflow of Resources
- Reliable Estimate Requirement
- Provisions vs. Contingent Liabilities
- Prudent Uncertainty and Risk Adjustments
- Discounting Long-Term Provisions
- Selecting Appropriate Discount Rates
- Changes in Estimates and Adjustments
- Detailed Disclosure Requirements
- Restructuring Provisions and Announcement Criteria
- Onerous Contracts and Loss Recognition
- Legal and Environmental Liabilities
- Decommissioning Provisions in Extractive Industries
- Provisions for Product Warranties
- Contingent Assets: When to Disclose
- Common Misapplications and Audit Red Flags
- Interaction with IFRS 15 and Revenue Assurance
- Case Study: Environmental Provision Modelling
- Provision Rollforwards in Notes to Financial Statements
Module 10: Consolidation and Group Reporting (IFRS 10) - Control as the Basis for Consolidation
- Power Over Investee and Variable Returns
- Ability to Use Power to Affect Returns
- Evaluating Structured Entities
- Consolidation Procedures and Elimination Entries
- Non-Controlling Interest (NCI) Measurement
- NCI Presentation in Equity and Profit or Loss
- Acquisition Date and Fair Value Adjustments
- Step Acquisitions and Changes in Ownership
- Loss of Control and Derecognition Rules
- Disposals Without Deconsolidation
- Accounting for Subsidiary Share Issues
- Foreign Subsidiaries and Translation
- Subsidiary Accounting Policies Alignment
- Inter-Company Transactions and Balances
- Unrealised Profit Elimination
- Consolidation Worksheet Preparation
- Disclosures of Interests in Other Entities
- Joint Arrangements Overview (IFRS 11)
- Case Study: M&A Integration Reporting
Module 11: Foreign Currency Transactions and Translation (IAS 21) - Determining Functional Currency
- Reporting Currency vs. Functional Currency
- Transactions in Foreign Currencies (Initial Recognition)
- Exchange Rate Selection and Translation
- Settling Monetary vs. Non-Monetary Items
- Foreign Exchange Gains and Losses in P&L
- Translation of Foreign Operations: Assets and Liabilities
- Translation Differences in Other Comprehensive Income
- Recycling Translation Differences on Disposal
- Hyperinflationary Economies (IAS 29)
- Adjusting Financial Statements for Inflation
- Restatement of Previous Periods
- Presenting Inflation-Adjusted Statements
- Impact on Key Financial Ratios
- Disclosure Requirements
- Managing Currency Risk in Corporate Policy
- Rollforward of Translation Reserves
- Case Study: Reporting a Latin American Subsidiary
- Exchange Rate Forecasting in Budgeting
- Intercompany Loans in Foreign Currency
Module 12: Earnings Per Share (IAS 33) - Basic EPS: Numerator and Denominator
- Weighted Average Number of Shares
- Adjusting for Bonus Issues and Share Splits
- Convertible Instruments: Diluted EPS Calculation
- If-Converted Method for Bonds and Notes
- Treasury Share Method for Options and Warrants
- Antidilutive Securities and Exclusion Rules
- Dilution Reversal in Complex Structures
- Classification of Instruments as Equity or Liability
- Impact of IFRS 2 on EPS Calculations
- Recalculating Prior Period EPS
- Multiple Classes of Shares and Voting Rights
- Disclosures for EPS in Primary Statements
- Reconciliation from Basic to Diluted EPS
- EPS in Consolidated vs. Parent-Only Statements
- Using EPS for Investor Communication
- Impact of Stock Buybacks on Per Share Metrics
- Case Study: EPS Reporting for a Publicly Traded Tech Firm
- Currency Effects on EPS in Multinationals
- Analyst Adjustments to Reported EPS
Module 13: Share-Based Payment (IFRS 2) - Scope of IFRS 2: Employee vs. Non-Employee Schemes
- Equity-Settled vs. Cash-Settled Arrangements
- Measuring Fair Value at Grant Date
- Valuation Models: Binomial, Black-Scholes
- Estimating Forfeitures and Adjusting Expenses
- Graded Vesting and Accelerated Recognition
- Modification of Awards: Re-measurement Rules
- Settlement of Awards: Early or Delayed Exercise
- Disclosure Requirements for Fair Value and Assumptions
- Accounting for Employee Share Purchase Plans
- Non-Standard Vesting Conditions
- Market vs. Service vs. Performance Conditions
- Impact on Profit After Tax and Equity
- Linking IFRS 2 to IAS 33 Diluted EPS
- Group Share-Based Payments
- Acquirer Accounting for Target’s Unvested Awards
- Reclassification on Employee Termination
- Reporting Across Jurisdictions with Tax Implications
- Real-World Example: SaaS Firm Equity Incentive Plan
- Audit Trail for Grant and Expense Recognition
Module 14: Insurance Contracts (IFRS 17) - Scope and Applicability of IFRS 17
- Licence to Operate vs. Insurance Contracts
- General Model (Building Block Approach)
- Variable Fee Approach and Premium Allocation Approach
- Grouping Insurance Contracts
- Contractual Service Margin (CSM)
- CSM Release Patterns: In Recognition
- Fair Value Adjustments to Liabilities
- Discount Rate Selection and Updates
- Measurement of Future Cash Flows
- Probability Weighting of Scenarios
- Explicit Risk Adjustment
- Loss Components and Immediate Recognition
- Modification of Contracts
- Portfolio Level Accounting
- Disclosure Requirements: Profitability, Risk, Volatility
- Interaction with IFRS 9: Reinsurance and Financial Assets
- Reinsurance Contracts Held
- Transition Methods: Full vs. Modified
- Case Study: Life Insurance Firm's First-Time Adoption
Module 15: Practical Application and Certification - Step-by-Step Financial Statement Drafting Guide
- Automated Disclosure Checklists by Standard
- IFRS-Compliant Journal Entry Templates
- Worked Examples Across Industries
- Retail, Manufacturing, Financial Services, Technology
- Checklist for First-Time IFRS Adoption
- Gap Analysis for Local GAAP to IFRS Transition
- Drafting Management Commentary for IFRS Reports
- Board-Ready Financial Reporting Package
- Using IFRS for Internal Decision-Making
- Tracking Progress Through the Course Modules
- Final Mastery Assessment: Real-World Case Submission
- Grading Rubric: Accuracy, Completeness, Clarity
- Personalised Feedback on Final Submission
- Certificate of Completion Issued by The Art of Service
- How to Showcase Your Certification on LinkedIn
- Leveraging Your IFRS Mastery in Salary Negotiations
- Accessing Career Resources and Networking Opportunities
- Lifetime Updates Keep You Relevant
- Your Ongoing IFRS Mastery Roadmap
- Determining Functional Currency
- Reporting Currency vs. Functional Currency
- Transactions in Foreign Currencies (Initial Recognition)
- Exchange Rate Selection and Translation
- Settling Monetary vs. Non-Monetary Items
- Foreign Exchange Gains and Losses in P&L
- Translation of Foreign Operations: Assets and Liabilities
- Translation Differences in Other Comprehensive Income
- Recycling Translation Differences on Disposal
- Hyperinflationary Economies (IAS 29)
- Adjusting Financial Statements for Inflation
- Restatement of Previous Periods
- Presenting Inflation-Adjusted Statements
- Impact on Key Financial Ratios
- Disclosure Requirements
- Managing Currency Risk in Corporate Policy
- Rollforward of Translation Reserves
- Case Study: Reporting a Latin American Subsidiary
- Exchange Rate Forecasting in Budgeting
- Intercompany Loans in Foreign Currency
Module 12: Earnings Per Share (IAS 33) - Basic EPS: Numerator and Denominator
- Weighted Average Number of Shares
- Adjusting for Bonus Issues and Share Splits
- Convertible Instruments: Diluted EPS Calculation
- If-Converted Method for Bonds and Notes
- Treasury Share Method for Options and Warrants
- Antidilutive Securities and Exclusion Rules
- Dilution Reversal in Complex Structures
- Classification of Instruments as Equity or Liability
- Impact of IFRS 2 on EPS Calculations
- Recalculating Prior Period EPS
- Multiple Classes of Shares and Voting Rights
- Disclosures for EPS in Primary Statements
- Reconciliation from Basic to Diluted EPS
- EPS in Consolidated vs. Parent-Only Statements
- Using EPS for Investor Communication
- Impact of Stock Buybacks on Per Share Metrics
- Case Study: EPS Reporting for a Publicly Traded Tech Firm
- Currency Effects on EPS in Multinationals
- Analyst Adjustments to Reported EPS
Module 13: Share-Based Payment (IFRS 2) - Scope of IFRS 2: Employee vs. Non-Employee Schemes
- Equity-Settled vs. Cash-Settled Arrangements
- Measuring Fair Value at Grant Date
- Valuation Models: Binomial, Black-Scholes
- Estimating Forfeitures and Adjusting Expenses
- Graded Vesting and Accelerated Recognition
- Modification of Awards: Re-measurement Rules
- Settlement of Awards: Early or Delayed Exercise
- Disclosure Requirements for Fair Value and Assumptions
- Accounting for Employee Share Purchase Plans
- Non-Standard Vesting Conditions
- Market vs. Service vs. Performance Conditions
- Impact on Profit After Tax and Equity
- Linking IFRS 2 to IAS 33 Diluted EPS
- Group Share-Based Payments
- Acquirer Accounting for Target’s Unvested Awards
- Reclassification on Employee Termination
- Reporting Across Jurisdictions with Tax Implications
- Real-World Example: SaaS Firm Equity Incentive Plan
- Audit Trail for Grant and Expense Recognition
Module 14: Insurance Contracts (IFRS 17) - Scope and Applicability of IFRS 17
- Licence to Operate vs. Insurance Contracts
- General Model (Building Block Approach)
- Variable Fee Approach and Premium Allocation Approach
- Grouping Insurance Contracts
- Contractual Service Margin (CSM)
- CSM Release Patterns: In Recognition
- Fair Value Adjustments to Liabilities
- Discount Rate Selection and Updates
- Measurement of Future Cash Flows
- Probability Weighting of Scenarios
- Explicit Risk Adjustment
- Loss Components and Immediate Recognition
- Modification of Contracts
- Portfolio Level Accounting
- Disclosure Requirements: Profitability, Risk, Volatility
- Interaction with IFRS 9: Reinsurance and Financial Assets
- Reinsurance Contracts Held
- Transition Methods: Full vs. Modified
- Case Study: Life Insurance Firm's First-Time Adoption
Module 15: Practical Application and Certification - Step-by-Step Financial Statement Drafting Guide
- Automated Disclosure Checklists by Standard
- IFRS-Compliant Journal Entry Templates
- Worked Examples Across Industries
- Retail, Manufacturing, Financial Services, Technology
- Checklist for First-Time IFRS Adoption
- Gap Analysis for Local GAAP to IFRS Transition
- Drafting Management Commentary for IFRS Reports
- Board-Ready Financial Reporting Package
- Using IFRS for Internal Decision-Making
- Tracking Progress Through the Course Modules
- Final Mastery Assessment: Real-World Case Submission
- Grading Rubric: Accuracy, Completeness, Clarity
- Personalised Feedback on Final Submission
- Certificate of Completion Issued by The Art of Service
- How to Showcase Your Certification on LinkedIn
- Leveraging Your IFRS Mastery in Salary Negotiations
- Accessing Career Resources and Networking Opportunities
- Lifetime Updates Keep You Relevant
- Your Ongoing IFRS Mastery Roadmap
- Scope of IFRS 2: Employee vs. Non-Employee Schemes
- Equity-Settled vs. Cash-Settled Arrangements
- Measuring Fair Value at Grant Date
- Valuation Models: Binomial, Black-Scholes
- Estimating Forfeitures and Adjusting Expenses
- Graded Vesting and Accelerated Recognition
- Modification of Awards: Re-measurement Rules
- Settlement of Awards: Early or Delayed Exercise
- Disclosure Requirements for Fair Value and Assumptions
- Accounting for Employee Share Purchase Plans
- Non-Standard Vesting Conditions
- Market vs. Service vs. Performance Conditions
- Impact on Profit After Tax and Equity
- Linking IFRS 2 to IAS 33 Diluted EPS
- Group Share-Based Payments
- Acquirer Accounting for Target’s Unvested Awards
- Reclassification on Employee Termination
- Reporting Across Jurisdictions with Tax Implications
- Real-World Example: SaaS Firm Equity Incentive Plan
- Audit Trail for Grant and Expense Recognition
Module 14: Insurance Contracts (IFRS 17) - Scope and Applicability of IFRS 17
- Licence to Operate vs. Insurance Contracts
- General Model (Building Block Approach)
- Variable Fee Approach and Premium Allocation Approach
- Grouping Insurance Contracts
- Contractual Service Margin (CSM)
- CSM Release Patterns: In Recognition
- Fair Value Adjustments to Liabilities
- Discount Rate Selection and Updates
- Measurement of Future Cash Flows
- Probability Weighting of Scenarios
- Explicit Risk Adjustment
- Loss Components and Immediate Recognition
- Modification of Contracts
- Portfolio Level Accounting
- Disclosure Requirements: Profitability, Risk, Volatility
- Interaction with IFRS 9: Reinsurance and Financial Assets
- Reinsurance Contracts Held
- Transition Methods: Full vs. Modified
- Case Study: Life Insurance Firm's First-Time Adoption
Module 15: Practical Application and Certification - Step-by-Step Financial Statement Drafting Guide
- Automated Disclosure Checklists by Standard
- IFRS-Compliant Journal Entry Templates
- Worked Examples Across Industries
- Retail, Manufacturing, Financial Services, Technology
- Checklist for First-Time IFRS Adoption
- Gap Analysis for Local GAAP to IFRS Transition
- Drafting Management Commentary for IFRS Reports
- Board-Ready Financial Reporting Package
- Using IFRS for Internal Decision-Making
- Tracking Progress Through the Course Modules
- Final Mastery Assessment: Real-World Case Submission
- Grading Rubric: Accuracy, Completeness, Clarity
- Personalised Feedback on Final Submission
- Certificate of Completion Issued by The Art of Service
- How to Showcase Your Certification on LinkedIn
- Leveraging Your IFRS Mastery in Salary Negotiations
- Accessing Career Resources and Networking Opportunities
- Lifetime Updates Keep You Relevant
- Your Ongoing IFRS Mastery Roadmap
- Step-by-Step Financial Statement Drafting Guide
- Automated Disclosure Checklists by Standard
- IFRS-Compliant Journal Entry Templates
- Worked Examples Across Industries
- Retail, Manufacturing, Financial Services, Technology
- Checklist for First-Time IFRS Adoption
- Gap Analysis for Local GAAP to IFRS Transition
- Drafting Management Commentary for IFRS Reports
- Board-Ready Financial Reporting Package
- Using IFRS for Internal Decision-Making
- Tracking Progress Through the Course Modules
- Final Mastery Assessment: Real-World Case Submission
- Grading Rubric: Accuracy, Completeness, Clarity
- Personalised Feedback on Final Submission
- Certificate of Completion Issued by The Art of Service
- How to Showcase Your Certification on LinkedIn
- Leveraging Your IFRS Mastery in Salary Negotiations
- Accessing Career Resources and Networking Opportunities
- Lifetime Updates Keep You Relevant
- Your Ongoing IFRS Mastery Roadmap