Instructor for this course
more

This course offers a broad introduction to the field of International Financial Reporting and International Financial Reporting Standards (IFRS). It traces the history of the International Accounting Standards Board (IASB) from its early roots through to recent changes and updates and future developments.

The course is structured in an accessible and user-friendly way that underlines key information and provides useful summaries. It examines and breaks down all eight chapters of IASB’s conceptual framework chapter by chapter basis. There are examples, which are based on real-life examples, and many exercises, multiple-choice questions, review and final exam questions for you to test your knowledge as you progress through the course.

Course Key Concepts: IASB Conceptual Framework, Accounting assumptions, Accounting principles, Fundamentals of accounting, IASB, FASB, Accounting standards, IAS, IFRS, Global accounting standards, Global accounting principles, 8 Chapters of conceptual framework, The board.

Learning Objectives

  • Identify and understand the origins of the International Accounting Standards Board (IASB, 'the Board').
  • Explore the structure of the IFRS Foundation.
  • Identify and understand the objective of conceptual framework, International Accounting Standards (IAS® Standards), and International Financial Reporting Standards (IFRS® Standards) that are currently in issue.
  • Explore the IASB Conceptual Framework - All eight (8) chapters.
  • Explore the qualitative characteristics of financial reporting.
  • Discover the purpose of financial statements - The Conceptual Framework for Financial Reporting.
Last updated/reviewed: July 06, 2022

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
  4:58The Preview
  13:44The history of IASB
  4:16The IFRS Foundation
  6:14The Exposure Draft (ED) Procedure
IASB Conceptual Framework - 8 Chapters
  6:44Chapter 1 - The Objective
  15:12Chapter 2 - The Qualitative Characteristics
  3:10Chapter 3 - The reporting entity
  5:38Chapter 4 - The elements of financial statements
  3:34Chapter 5 - Recognition and De-recognition
  8:12Chapter 6 - Measurement
  3:45Chapter 7 - Presentation and disclosures
  3:42Chapter 8 - Capital Maintenance
EXAMPLES AND CASESTUDY
  4:58Example one
  2:42Example Two
  5:48Example Three
  28:30Comprehensive Case Study.
CONTINUOUS PLAY
  2:01:07IASB Conceptual Framework - All 8 Chapters
SUPPORTING MATERIAL
  PDFSlides: IASB Conceptual Framework - All 8 Chapters
  PDFIASB Conceptual Framework - All 8 Chapters Glossary/ Index
  PDFHandouts: Conceptual Framework for Financial Reporting
  PDFHandouts: The IASB’S Conceptual Framework
  XLSXExamples and Case Study
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM