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Mastering IFRS Standards; A Comprehensive Guide to Implementation and Reporting

Mastering IFRS Standards; A Comprehensive Guide to Implementation and Reporting

$198.00
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Includes a practical, ready-to-use toolkit with implementation templates, worksheets, checklists, and decision-support materials so you can apply what you learn immediately - no additional setup required.
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What does the IFRS Standards course cover?

IFRS Standards is covered here in 18 modules: Introduction to IFRS Standards: Overview of IFRS Standards, Key Principles and Concepts, Conceptual Framework: Elements of Financial Statements, Financial Statement Presentation: Statement of Cash Flows, Statement of Changes in Equity and 15 more. The outline lists 78 specific topics, opening with Overview of IFRS Standards and closing with Disclosure Requirements.

How do you approach IFRS Standards step by step?

The work is sequenced in 18 stages. It starts with Introduction to IFRS Standards: Overview of IFRS Standards, Key Principles and Concepts, moves through Conceptual Framework: Elements of Financial Statements and Financial Statement Presentation: Statement of Cash Flows, Statement of Changes in Equity, and ends at First-Time Adoption of IFRS: Preparing Financial Statements under IFRS for the First Time.

What is in Module 1 of the IFRS Standards course?

Module 1 is Introduction to IFRS Standards: Overview of IFRS Standards, Key Principles and Concepts. It works through Overview of IFRS Standards, History and Evolution of IFRS, Importance of IFRS in Financial Reporting and 1 more. It sets the vocabulary the remaining 17 modules build on.

How is the IFRS Standards course delivered?

The IFRS Standards course is fully self-paced with immediate online access after enrolment. Access does not expire and future updates are included at no cost. It can be taken on any device, and a certificate of completion is issued by The Art of Service when you finish.

How much does the IFRS Standards course cost?

The IFRS Standards course is $199 as a one time payment. There is no subscription, no per seat licence and no hidden fee. Enrolment carries a 30 day satisfied or refunded guarantee, so it can be assessed in full before you commit.

Closely related courses: International Financial Reporting Standards (IFRS).

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Mastering IFRS Standards: A Comprehensive Guide to Implementation and Reporting



Course Format & Delivery Details

Course Overview

Our comprehensive course on Mastering IFRS Standards is designed to equip you with the knowledge and skills necessary to implement and report IFRS standards effectively. The course is carefully crafted to cater to the needs of finance professionals, accountants, and business leaders.

Course Format

  • Self-Paced: Yes, this course is self-paced, allowing you to learn at your own convenience.
  • Online: The course is entirely online, providing you with the flexibility to access the content from anywhere.
  • Live Virtual: No live virtual sessions are included in this course.
  • On-Demand: The course content is available on-demand, enabling you to access it at any time.

Course Schedule

  • Fixed Dates or Times: There are no fixed dates or times for this course, allowing you to start and complete it at your own pace.
  • Typical Completion Time: The typical completion time for this course is 12-16 weeks, depending on your pace and the time you dedicate to the course.

Course Access

  • Lifetime Access: Upon enrollment, you will have lifetime access to the course materials, allowing you to revisit and review the content as needed.
  • Mobile-Friendly: The course is optimized for mobile devices, ensuring that you can access the content seamlessly on your smartphone or tablet.

Support and Resources

  • Instructor Support: You will have access to dedicated instructor support through email and discussion forums.
  • Downloadable Resources, Templates, and Toolkits: The course includes a comprehensive set of downloadable resources, templates, and toolkits to support your learning and implementation.
  • Certificate of Completion: Upon completing the course, you will receive a Certificate of Completion issued by The Art of Service.


Extensive & Detailed Course Curriculum

Module 1. Introduction to IFRS Standards: Overview of IFRS Standards, Key Principles and Concepts

  • Overview of IFRS Standards
  • History and Evolution of IFRS
  • Importance of IFRS in Financial Reporting
  • Key Principles and Concepts

Module 2. Conceptual Framework: Elements of Financial Statements

  • Understanding the Conceptual Framework
  • Qualitative Characteristics of Financial Information
  • Elements of Financial Statements
  • Recognition and Derecognition Principles

Module 3. Financial Statement Presentation: Statement of Cash Flows, Statement of Changes in Equity

  • IAS 1: Presentation of Financial Statements
  • Statement of Financial Position
  • Statement of Profit or Loss and Other Comprehensive Income
  • Statement of Changes in Equity
  • Statement of Cash Flows

Module 4. Revenue Recognition: Determining Transaction Price, Identifying Performance Obligations

  • IFRS 15: Revenue from Contracts with Customers
  • Identifying Performance Obligations
  • Determining Transaction Price
  • Allocating Transaction Price to Performance Obligations
  • Recognizing Revenue

Module 5: Leases

  • IFRS 16: Leases
  • Identifying Leases
  • Lessee Accounting
  • Lessor Accounting
  • Sale and Leaseback Transactions

Module 6. Financial Instruments: Impairment of Financial Assets

  • IFRS 9: Financial Instruments
  • Classification and Measurement of Financial Assets
  • Impairment of Financial Assets
  • Hedge Accounting
  • Derecognition of Financial Assets and Liabilities

Module 7. Inventory and Agriculture: IAS 2: Inventories, IAS 41: Agriculture

  • IAS 2: Inventories
  • IAS 41: Agriculture
  • Measuring Inventories
  • Measuring Biological Assets
  • Disclosure Requirements

Module 8. Property, Plant, and Equipment: Recognition and Measurement, Depreciation and Impairment

  • IAS 16: Property, Plant, and Equipment
  • Recognition and Measurement
  • Depreciation and Impairment
  • Derecognition
  • Disclosure Requirements

Module 9. Intangible Assets: Recognition and Measurement, Amortization and Impairment

  • IAS 38: Intangible Assets
  • Recognition and Measurement
  • Amortization and Impairment
  • Derecognition
  • Disclosure Requirements

Module 10. Impairment of Assets: Measuring Recoverable Amount, Recognizing Impairment Losses

  • IAS 36: Impairment of Assets
  • Identifying Impairment Indicators
  • Measuring Recoverable Amount
  • Recognizing Impairment Losses
  • Disclosure Requirements

Module 11: Provisions, Contingent Liabilities, and Contingent Assets

  • IAS 37: Provisions, Contingent Liabilities, and Contingent Assets
  • Recognizing Provisions
  • Measuring Provisions
  • Disclosure Requirements
  • Contingent Liabilities and Contingent Assets

Module 12: Income Taxes

  • IAS 12: Income Taxes
  • Current Tax
  • Deferred Tax
  • Disclosure Requirements

Module 13: Employee Benefits

  • IAS 19: Employee Benefits
  • Short-Term Employee Benefits
  • Post-Employment Benefits
  • Other Long-Term Employee Benefits
  • Termination Benefits

Module 14: Earnings Per Share

  • IAS 33: Earnings Per Share
  • Basic Earnings Per Share
  • Diluted Earnings Per Share
  • Disclosure Requirements

Module 15: Interim Financial Reporting

  • IAS 34: Interim Financial Reporting
  • Content of Interim Financial Reports
  • Disclosure Requirements

Module 16: Operating Segments

  • IFRS 8: Operating Segments
  • Identifying Operating Segments
  • Disclosure Requirements
  • IAS 24: Related Party Disclosures
  • Identifying Related Parties
  • Disclosure Requirements

Module 18. First-Time Adoption of IFRS: Preparing Financial Statements under IFRS for the First Time

  • IFRS 1: First-Time Adoption of International Financial Reporting Standards
  • Preparing Financial Statements under IFRS for the First Time
  • Disclosure Requirements
Upon completing this comprehensive course, you will receive a Certificate of Completion issued by The Art of Service, demonstrating your expertise in Mastering IFRS Standards.

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