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International Financial Reporting Standards (IFRS) are developed and maintained by the International Accounting Standards Board (IASB).  The overriding requirement of IFRS is to fairly present financial statements.  This course provides an overview of the conceptual framework and other significant general considerations applied in the preparation and fair presentation of IFRS financial statements.

Learning Objectives

  • Explore the Conceptual Framework of Financial Reporting that underlies the preparation and fair presentation of financial statements.
  • Discover the principles of the going concern basis of presentation.
  • Recognize the general form and content of financial statements.
  • Explore the principles of fair value measurement 
Last updated/reviewed: June 01, 2018

2 Reviews (6 ratings)Reviews

4
Member's Profile
The course gave a good overview of IFRS. Explaining the methods of measuring FV was the most beneficial piece .
2
Member's Profile
The focus was more on Fair valuation, expected more details on other aspects as well.

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
  1:13Introduction to General Considerations for Preparing Financial Statements in Accordance with IFRS
  6:38Conceptual Framework of Financial Reporting
  7:47Going Concern Basis of Presentation
  5:38General Form and Content of Financial Statements
  8:23Principles of Fair Value Measurement
  10:20Principles of Fair Value Measurement Continued..
  10:53Principles of Fair Value Measurement Continued & Conclusion
CONTINUOUS PLAY
  50:54General Considerations for Preparing Financial Statements in Accordance with IFRS
SUPPORTING MATERIALS
  PDFSlides: General Considerations for Preparing Financial Statements in Accordance with IFRS
  PDFGeneral Considerations for Preparing Financial Statements in Accordance with IFRS Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM