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IFRS Explained: Accounting Standards and Group Accounts
Rating: 4.3 out of 5(679 ratings)
3,575 students

IFRS Explained: Accounting Standards and Group Accounts

Make accounting treatments easier to follow—from assets and revenue to cash flows, consolidation and associates.
Created byRowan Malherbe
Last updated 10/2026
English
English [Auto],

What you'll learn

  • Identify the accounting issues addressed by the selected asset, revenue and liability standards in the curriculum.
  • Explain the role of the financial-instrument and cash-flow topics covered in the lessons.
  • Describe the group-accounting statements introduced in the consolidation section.
  • Identify how the revenue, provisions and events-after-reporting-period topics relate to financial statements.

Course content

2 sections • 20 lectures • 4h 20m total length

  • Introduction from Rowan Malherbe0:34

    Melanie Solomon guides you through the concepts and practical application of IFRS standards across modules and lectures, with all applicable standards included.

  • IAS 16 - Property, plant and equipment22:19

    Explore how IAS 16 governs property, plant and equipment, including recognition, initial cost, and componentization. Compare cost and revaluation models, and cover depreciation, impairment, reversals, and disposals.

  • IAS 40 - Investment property13:03

    Explore IAS 40 investment property: definition, scope, and measurement options of cost or fair value, plus transfers between investment property and owner-occupied assets.

  • IAS 23 - Borrowing costs4:16

    Explore IAS 23 borrowing costs, distinguishing when to capitalize vs expense, define qualifying assets, identify directly attributable borrowings, and outline start-stop rules and impairment considerations.

  • IAS 38 - Intangible assets12:13

    Explore IAS 38 the recognition and measurement of intangible assets—non-monetary, lacking physical substance, with examples like software, patents, goodwill, and internal generation, pirates criteria, amortization, impairment, and revaluation options.

  • IAS 36 - Impairment of assets9:45

    Explain impairment by comparing carrying amounts with recoverable amounts—the higher of value in use or fair value less costs of disposal—and test cash generating units, allocating losses to goodwill first.

  • IAS 2 - Inventories10:48

    Explore IAS 2 inventories: recognize assets held for sale, apply lower of cost and net realizable value, and use cost formulas like FIFO or weighted average to determine profits.

  • IAS 32, IFRS 7 and IFRS 9 - Financial instruments19:30

    Learn how IFRS classifies financial instruments as liabilities or equity (IAS 32), explains compound instruments, and applies IFRS 9 recognition, measurement, impairment, and IFRS 7 disclosures.

  • IAS 20 - Government grants2:29

    Government grants - monetary or non-monetary - are recognized over time. Revenue-related grants appear in profit or loss or as expense reductions; asset-related grants may be deferred or reduce asset carrying amounts, amortization.

  • IFRS 15 - Revenue16:43

    Explore the IFRS 15 five-step revenue recognition process based on transfer of control, identifying distinct performance obligations and allocating the transaction price to each obligation.

  • IAS 12 - Taxation38:01

    Understand current tax and deferred tax under IAS 12, including calculating taxable profit from accounting profits and permanent and temporary differences, and recognizing tax assets and liabilities.

  • IAS 37 - Provisions, contingent liabilities and contingent assets12:22

    Explain IAS 37 provisions, contingent liabilities, and contingent assets, defining provisions as obligations with uncertain timing or amounts and recognition criteria based on probable outflow and reliable estimates.

  • IAS 10 - Events after the reporting period7:35

    Identify adjusting and non-adjusting events after the reporting period, assess whether conditions existed at year-end, and disclose material events that affect financial statements.

  • IAS 33 - Earnings per share15:36

    Covers earnings per share under IAS 33, detailing basic and diluted EPS and how to adjust the numerator and denominator for bonus issues, rights issues, and dilutive shares.

  • IAS 8 and IFRS 517:07

    Explore IAS 8 changes in accounting policy and IFRS 5 non-current assets held for sale and discontinued operations, emphasizing disclosure, retrospective versus prospective application, and presentation.

  • IAS 7 - Statement of Cash Flows7:29

    Explain how profit does not equal cash and classify cash flows into operating, investing, and financing activities; compare direct and indirect methods and note non-cash items and working capital effects.

Requirements

  • Basic knowledge of bookkeeping and financial statements.
  • A way to record notes and work through accounting calculations.
  • Access to current technical references appropriate to your intended reporting or examination needs.

Description

What gets recognised, how is it measured, and where does it appear in the accounts? Use those questions to make sense of selected IFRS Accounting Standards. This recorded course connects individual accounting topics with financial statements and introduces the move from single-entity figures to group accounts.

Make sense of the treatment behind the numbers

The first part of the course includes property, plant and equipment, investment property, borrowing costs, intangible assets, impairment and inventories. It also includes lessons on financial instruments, government grants, revenue, taxation, provisions and events after the reporting period. Further topics include earnings per share, accounting policies and discontinued operations, and the statement of cash flows.

See how separate entities become a group

The second part introduces group accounts. It covers an introduction to groups, the consolidated statement of financial position, consolidated profit or loss and other comprehensive income, and accounting for associates. This gives you a separate area to revisit if you want to understand the relationship between individual-entity reporting and group reporting.

Build an explanation you can use

You will get more from the course if you already understand basic bookkeeping and the main financial statements. As you study, write down the issue a standard addresses, the treatment discussed and the effect on the accounts. Use your notes to distinguish recognition, measurement and presentation questions.

Course scope

Scope note: this is a selected-topic course, not a complete update on all current IFRS requirements. Check the standards and amendments applicable to your reporting or examination period before using a treatment in practice.

Who this course is for:

  • Accounting learners revisiting selected IFRS topics.
  • Learners seeking an introduction to group-accounting statements and associates.
  • Not intended as a complete current IFRS update or comprehensive examination course.

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