Instructor for this course
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Companies reporting under International Financial Reporting Standards (IFRS) continue to face a steady flow of new standards and interpretations. The resulting changes range from significant amendments of fundamental principles to some minor changes from the annual improvements process. The changes will affect different areas of accounting, such as recognition, measurement, presentation and disclosure. It can be time-consuming and confusing to keep up-to-date on the resulting impact on financial statements and disclosures. This course provides an executive summary of recent IFRS updates with current and upcoming effective dates.  

Learning Objectives

  • Explore where financial statement preparers should focus the most time and attention on now when preparing interim and annual financial statements, such as: 
    • Revenue from contracts with customers
    • Classification and measurement of share-based payment transactions
    • Financial instruments
    • Transfers of investment property
  • Discover highlights of recently-issued International Financial Reporting Standards (IFRS) pronouncements, focusing on changes with upcoming effective dates, such as:
    • Leases, and more
  • Recognize the most significant accounting and financial reporting changes with future effective dates that entities should be preparing for now
Last updated/reviewed: June 01, 2018

Prerequisites

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  1:27Introduction to 2018 IFRS Update
  2:42IFRS 2 Classification and Measurement of Share-Based Payment Transaction
  10:03IFRS 9 Financial Instruments
  3:35Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts
  8:38IFRS 15 Revenue from Contracts with Customers
  4:20Transfers of Investment Property & IFRIC Interprestation 22
  9:57IFRS 10, IAS 28, & IFRS 16
  5:11IFRS 17, Other Minor Imporvements, & Conclusion
CONTINUOUS PLAY
  45:532018 IFRS Update
SUPPORTING MATERIALS
  PDFSlides: 2018 IFRS Update
  PDF2018 IFRS Update Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM