IFRS Primer

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  4 ore
Predare in limba: Engleza
Structura cursului

IFRS: Introduction and Conceptual Framework

  • describe the implications of adopting IFRS


  • distinguish between set-level convergence and standard-level convergence


  • define the terms associated with the different types of IFRS


  • determine what an organization may need to do in response to the introduction of IFRS


  • match components of the conceptual framework for IFRS with statements that describe them


  • match statements about the underlying principles and assumptions component of the IFRS framework with the principle or assumption it describes




IFRS: Standards for Financial Statements and Their Items

  • identify the requirements of IAS 1 for the presentation of financial statements


  • use the IAS 2 standard to determine how to handle various items in inventory in financial statements


  • categorize items included on cash flow statements following IAS 7 guidelines


  • identify the principles of accounting for property, plant, and equipment (PPE) under IAS 16


  • recognize examples of IAS 38 principles


  • identify the requirements of IFRS 5


  • match categories of revenue with IAS 18 requirements that apply




IFRS: Key Standards for Financial and Accounting Activities

  • determine whether the presentation of financial instruments comply with IAS 32


  • identify the requirements of IAS 23: borrowing costs


  • recognize how to implement changes in accounting policies, accounting estimates and errors following IAS 8 principles


  • qualify events after the reporting period following IAS 10


  • identify the principles of IFRS 8: operating segments


  • determine the expense of a share-based payment following IFRS 2 principles


  • identify the requirements of IFRS 3: business combinations




IFRS: Transitioning to IFRS

  • identify key considerations to prepare for the transition toward IFRS


  • identify appropriate actions for different phases of IFRS impact assessment


  • recognize the characteristics of the training programs to develop for different members of an organization transitioning toward IFRS


  • determine the date of transition in accordance with IFRS 1 in a given scenario


  • recognize examples where IFRS 1 principles have been followed