International Financial Reporting Standards (IFRS)
Requirements
Basic knowledge of accounting
Description
This course is an advanced course on International Financial Reporting Standards.The DipIFR or "ACCA Diploma in international financial reporting" is an international diploma certifying proficiency in IFRS, issued by the world's largest finance and accounting professionals organization, the Association of Chartered Certified Accountants (ACCA).If you are a professional accountant or auditor who works in practice or business then you are eligible to take this ACCA financial reporting qualification.WHO IS THIS COURSE FOR:1. Students taking ACCA SBR Exams2. Students taking ACCA DipIFR Exam3. Students taking ACCA Cert IFRS Exam4. Working professionals responsible for preparing financial statements based on IFRS - International Financial Reporting StandardsLEARNING OUTCOMEThis course is based on IFRS syllabus as prescribed by ACCA (Association of Certified Chartered Accountants) and is in line with the course outline for ACCA Dip-IFR exam. Participants are expected to develop knowledge and skills in understanding and applying International Financial Reporting Standards and the theoretical framework in the preparation of financial statements of entities, including consolidated financial statements.WHAT IS INCLUDEDThe course includes detailed lectures on financial reporting standards included in ACCA Dip IFR exam. Apart from lectures the course also includes sufficient practice questions to demonstrate the application of IFRS. The course also includes excel files / working files which students can download for analysis or further working purposes.
Overview
Section 1: Introduction to IFRS
Lecture 1 Introduction to the course
Lecture 2 Conceptual Framework - Part 1
Lecture 3 Conceptual Framework - Part 2
Lecture 4 Conceptual Framework - Part 3
Lecture 5 Conceptual Framework - Part 4
Lecture 6 Structure of Statement of Comprehensive Income - SOCI
Lecture 7 Structure of Statement of Financial Position - SOFP
Lecture 8 Professional Ethics
Lecture 9 Ethical Considerations
Lecture 10 Performance Measures
Lecture 11 COVID 19 - Impacts on Financial Reporting
Lecture 12 Sustainability Reporting and Integrated Reporting
Section 2: IFRS 15 - Revenue from Contracts with Customers
Lecture 13 IFRS 15 - Part 1. Overview of IFRS 15
Lecture 14 IFRS 15 - Part 2. Revenue Recognition Citeria
Lecture 15 FRS 15 - Part 3. Revenue Recognition Citeria Continued
Lecture 16 Revenue - Questions
Lecture 17 Recognition Criteria Explained
Lecture 18 Question - Financing Component
Lecture 19 Discount Allocation - Question
Lecture 20 Question with Solution - Topic Discussion IFRS 15
Lecture 21 IFRS 15 - General Discussion
Lecture 22 Question No 33 from Kit
Lecture 23 IFRS 15 - Kit Question Part 1
Lecture 24 IFRS 15 - Kit Question Part 2
Section 3: IAS 16 - Property, Plant and Equipment
Lecture 25 SOCI - Explanation
Lecture 26 IAS 16 - Part 1 - Recognition and Initial Measurement
Lecture 27 IAS 16 - Part 2 - Subsequent Measurement
Lecture 28 IAS 16 - Part 3 - Revaluations and Disposals
Lecture 29 Revaluation of Non Current Assets - Additional
WHO IS THIS COURSE FOR: 1. Students taking ACCA SBR Exams2. Students taking ACCA DipIFR Exam3. Students taking ACCA Cert IFRS Exam4. Working professionals responsible for preparing financial statements based on IFRS - International Financial Reporting Standards.
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