Accounting and finance professionals who work for private or public multinational organizations whose parent entity or subsidiaries have adopted IFRS
Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS
Learning Objectives
Recognize the underlying concepts and principles of IFRS
Identify the required format and content of a complete set of financial statements including required footnote disclosures and 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 and leases
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 non-financial asset
Recall Required disclosures for related parties and events after the reporting period
Identify and calculate tax amounts to be recognized in the financial statements
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
