There are certain general disclosures that every financial statement preparer should be familiar with.  This course covers common disclosures such as: the statement of cash flows, accounting policies, errors, estimates, subsequent events, related party relationships, provisions, and contingencies.

Learning Objectives
  • Explore key considerations when preparing the statement of cash flows per International Accounting Standard (IAS) 1 - Presentation of Financial Statements.
  • Discover special considerations related to accounting policies, errors, and estimates in accordance with International Accounting Standard (IAS) 8 - Accounting Policies, Changes in Accounting Estimates and Errors.
  • Recognize when to present or disclose events subsequent to the reporting period end under International Accounting Standard (IAS) 10 - Events After the Reporting Period.
  • Explore risks associated with related party relationships per International Accounting Standard (IAS) 24 - Related Party Disclosures.
  • Discover the proper accounting and disclosure of provisions and contingencies under International Accounting Standard (IAS) 37 - Provisions, Contingent Liabilities and Contingent Assets.
Last updated/reviewed: August 26, 2023

Included In Certifications

This course is included in the following Certification Programs:

17 CoursesInternational Financial Reporting Standards (IFRS) Certification

  1. General Considerations for Preparing Financial Statements in Accordance with IFRS
  2. IFRS vs. U.S. GAAP - Major Differences in Accounting
  3. 2022 IFRS Update
  4. IFRS for Small and Medium-Sized Entities Compared to Full IFRS
  5. Accounting for Revenue from Contracts with Customers per IFRS 15
  6. Accounting for Leases under IFRS 16
  7. IFRS - Accounting for Share-Based Payment Awards per IFRS 2
  8. Accounting for Financial Instruments under IFRS 9
  9. Accounting for Nonfinancial Assets under IFRS
  10. Accounting for Business Combinations under IFRS 3
  11. IFRS - Accounting for Employee Benefits per IAS 19 and IFRIC 14
  12. Accounting for Investments in Other Entities, Including Consolidation, under IFRS
  13. IFRS - Accounting for Income Taxes per IAS 12
  14. IFRS - Derivatives and Hedge Accounting under IFRS 9
  15. IFRS - Special Accounting Topics
  16. IFRS - Special Financial Reporting Issues
  17. IFRS - General Financial Statement Disclosures
5 Reviews (23 ratings)


Member's Profile
I enjoyed this course with Jennifer Louis. This is my first class on IFRS. I'd like to know more about the differences between GAAP and IFRS.

Anonymous Author
Great course. The professor made it very interesting to listen throughout the course and was very knowledgeable of the topic at hand.

Anonymous Author
This was an ok course - I wish it would have into the footnote details and actual lay-out of the FS in more detail.

Anonymous Author
Thank you Jennifer for this course which was very helpful as a refresher for IFRS disclosure requirements.

Anonymous Author
Basic yet comprehensive overview of what and when disclosure should be presented in financial statements.

Course Complexity: Advanced

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 .
Instructor for this course
Course Syllabus
  Introduction to IFRS – General Financial Statement Disclosures1:08
  Statement of Cash Flows8:43
  Accounting Policies, Errors, and Estimates6:50
  Subsequent Events6:37
  Related Party Disclosures9:24
  Provisions and Contingencies12:53
  IFRS - General Financial Statement Disclosures Full Video52:58
  Slides: IFRS - General Financial Statement DisclosuresPDF
  IFRS – General Financial Statement Disclosures Glossary/IndexPDF