Udemy
    •  
    •  
    •  
    •  
    •  
    •  
    •  
    •  
Subscribe
Turn what you know into an opportunity and reach millions around the world.
Learn More
Your cart is empty.
Keep shopping
International Financial Reporting Standards (IFRS)
Rating: 4.3 out of 5(662 ratings)
3,164 students

International Financial Reporting Standards (IFRS)

Let's get to grips with understanding the IFRS standards.
Created byRowan Malherbe
Last updated 8/2021
English

What you'll learn

  • Understand the IFRS standards with practical explanations and examples.
  • Understand how a consolidation of financial statements works with the application of IFRS 10.
  • Understand the new Revenue standard (IFRS 15).
  • Obtain the actual IAS and IFRS standards used in this course to read and go through whilst the lecturer explains the concepts.

Course content

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

  • Introduction from Rowan Malherbe0:34
  • 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
  • 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
  • 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
  • IAS 32, IFRS 7 and IFRS 9 - Financial instruments19:30
  • 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
  • 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
  • IAS 10 - Events after the reporting period7:35
  • 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
  • IAS 7 - Statement of Cash Flows7:29

Requirements

  • We have supplied you with all of the IFRS standards that we are covering in this course. You will find them within each lecture.

Description

Enrich Your Expertise in Accounting Standards and Financial Reporting with Our Comprehensive Course

Our meticulously designed course is crafted to foster the development of your knowledge and skills in comprehending and applying accounting standards, along with a deep dive into the theoretical framework essential for the meticulous preparation of financial statements for various entities, including groups. This program is structured to equip you with the proficiency to analyze and interpret these financial statements effectively.

Throughout the course, we explore the intricacies of some of the more complex International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS), providing you with a comprehensive understanding of their application in real-world scenarios. By delving into these sophisticated standards, you'll gain valuable insights into the global financial reporting landscape, enhancing your ability to navigate the complexities inherent in financial statement preparation.

Upon successful completion of this course, you will emerge with a broader and more in-depth understanding of accounting and financial reporting. This newfound expertise will empower you to confidently tackle the challenges that may arise in the dynamic world of finance. Whether you are a seasoned professional or just starting your journey in the financial realm, our course is designed to sharpen your skills and prepare you for a successful and informed career. Elevate your knowledge, enhance your capabilities, and embrace a future in finance with confidence.

Who this course is for:

  • Individuals who are wanting to get to grips with the knowledge of the IFRS standards.

Report abuse