
Learn how IAS 36 guides impairment: compare carrying amount to recoverable amount, determined by higher of fair value less costs of disposal and value in use, with possible reversals.
Explore IFRS 9's forward-looking expected credit loss model, detailing PD, LGD, and EAD to calculate ECL using the simplified approach or the three-stage model for loans and trade receivables.
Learn how IFRS 2 recognizes the expense of equity-settled share-based payments and records equity instruments, including share options and restricted shares, with vesting and journal entries.
Learn how IFRS 13 defines fair value as the exit price in an orderly transaction between market participants, and apply the three-level hierarchy to value assets and liabilities.
Explore IAS 8 and learn how to handle changes in accounting policies and errors retrospectively, changes in estimates prospectively, and restatement to maintain reliable, comparable financial statements.
This course contains the use of artificial intelligence!
This course provides a comprehensive and practical introduction to International Financial Reporting Standards (IFRS), designed for learners who want to understand the principles that govern global financial reporting. IFRS is widely applied across jurisdictions and is essential knowledge for professionals working in accounting, finance, audit, and advisory roles.
The course explains key IFRS concepts, terminology, and the overall structure of financial statements, focusing on how standards are applied in practice rather than only theoretical definitions. Complex topics are broken down into clear, structured lessons to help learners develop a strong conceptual foundation and the ability to interpret financial information prepared under IFRS.
This course is suitable for students, early-career professionals, and candidates preparing for professional qualifications such as CA, ACCA, CPA, and CIA. It is also useful for business professionals who interact with financial statements and want a clearer understanding of IFRS-based reporting.
Important disclosure:
The video lectures in this course are AI-generated for instructional delivery purposes. However, the course outline, technical accounting content, explanations, and learning objectives have been designed, reviewed, and curated by the instructor to ensure accuracy, relevance, and alignment with IFRS requirements.
By the end of this course, learners will be able to understand the purpose of IFRS, interpret key financial statement components, and confidently build further expertise in advanced IFRS standards.