Mastering International Financial Reporting Standards (IFRS): A Step-by-Step Guide
Course Overview This comprehensive course is designed to provide participants with a thorough understanding of International Financial Reporting Standards (IFRS). The course is interactive, engaging, and personalized, with real-world applications and high-quality content. Participants will receive a certificate upon completion, issued by The Art of Service.
Course Features - Interactive and engaging content
- Comprehensive and personalized learning experience
- Up-to-date and practical information
- Real-world applications and case studies
- High-quality content and expert instructors
- Certificate upon completion, issued by The Art of Service
- Flexible learning and user-friendly interface
- Mobile-accessible and community-driven
- Actionable insights and hands-on projects
- Bite-sized lessons and lifetime access
- Gamification and progress tracking
Course Outline Module 1: Introduction to IFRS
- Overview of IFRS and its importance
- History and development of IFRS
- Key principles and concepts of IFRS
- IFRS vs. US GAAP: similarities and differences
Module 2: Financial Statements
- Balance sheet: structure and content
- Income statement: structure and content
- Cash flow statement: structure and content
- Notes to the financial statements
Module 3: Revenue Recognition
- Revenue recognition principles
- Identifying and satisfying performance obligations
- Determining the transaction price
- Allocating the transaction price to performance obligations
Module 4: Property, Plant, and Equipment (PP&E)
- Recognition and measurement of PP&E
- Depreciation and impairment of PP&E
- Disposal of PP&E
Module 5: Intangible Assets
- Recognition and measurement of intangible assets
- Amortization and impairment of intangible assets
- Disposal of intangible assets
Module 6: Leases
- Lessee accounting: recognition and measurement
- Lessor accounting: recognition and measurement
- Lease modifications and terminations
Module 7: Financial Instruments
- Recognition and measurement of financial instruments
- Classification and measurement of financial instruments
- Impairment of financial instruments
Module 8: Provisions and Contingencies
- Recognition and measurement of provisions
- Recognition and measurement of contingencies
- Disclosure requirements for provisions and contingencies
Module 9: Income Taxes
- Recognition and measurement of income taxes
- Deferred tax assets and liabilities
- Tax losses and credits
Module 10: Employee Benefits
- Recognition and measurement of employee benefits
- Short-term and long-term employee benefits
- Post-employment benefits
Module 11: Share-Based Payments
- Recognition and measurement of share-based payments
- Equity-settled and cash-settled share-based payments
- Disclosure requirements for share-based payments
Module 12: Business Combinations
- Recognition and measurement of business combinations
- Acquisition method and accounting for goodwill
- Disclosure requirements for business combinations
Module 13: Consolidated Financial Statements
- Recognition and measurement of consolidated financial statements
- Consolidation procedures and accounting for subsidiaries
- Disclosure requirements for consolidated financial statements
Module 14: Foreign Currency Transactions
- Recognition and measurement of foreign currency transactions
- Translation of financial statements
- Disclosure requirements for foreign currency transactions
Module 15: Financial Reporting in Hyperinflationary Economies
- Recognition and measurement of financial reporting in hyperinflationary economies
- Restatement of financial statements
- Disclosure requirements for financial reporting in hyperinflationary economies
Certificate Upon Completion Upon completion of this course, participants will receive a certificate issued by The Art of Service. This certificate is a testament to the participant's knowledge and understanding of International Financial Reporting Standards (IFRS).,
- Interactive and engaging content
- Comprehensive and personalized learning experience
- Up-to-date and practical information
- Real-world applications and case studies
- High-quality content and expert instructors
- Certificate upon completion, issued by The Art of Service
- Flexible learning and user-friendly interface
- Mobile-accessible and community-driven
- Actionable insights and hands-on projects
- Bite-sized lessons and lifetime access
- Gamification and progress tracking