Ifrs Full Course: 2024-2025 Curriculum

Unlock the power of IFRS with this all-inclusive course, designed to help you master global accounting standards.

What you'll learn

Understand Consolidated Financial Statements: Explore both pre and post-IFRS consolidation methods.

Gain in-depth knowledge of changes in control definitions, consolidation procedures, and practical issues.

Master IFRS Standards: Students will thoroughly review key IFRS standards, including IFRS 1 (First-Time Adoption), IFRS 2 (Share-Based Payments) and more.

Apply IFRS in Practical Scenarios: Through Excel-based examples and exercises, students will learn to apply IFRS standards in real-world financial reporting.

Analyze and Prepare Financial Disclosures: Understand the importance of disclosures under IFRS, especially in IFRS 7, IFRS 8 and IFRS 11.

Utilize Consolidation Techniques: Students will dive deep into the technical aspects of consolidation, joint venture accounting, potential voting rights.

Work with Specialized Topics: The course covers niche areas such as accounting for mineral resources (IFRS 6), fair value measurements (IFRS 13).

Enhance Analytical Skills: The course uses Excel-based examples to solidify concepts, ensuring students can practically apply IFRS standards.

By the end of the course, students will be well-equipped with the skills and knowledge needed to handle complex financial reporting challenges using IFRS.

Requirements

Basic Accounting Knowledge: A foundational understanding of accounting principles and financial statements is essential, as the course builds on these concepts to cover IFRS standards.

Familiarity with Financial Reporting: Prior experience with financial reporting, such as preparing or analyzing financial statements, will help students grasp IFRS concepts more effectively.

Excel Proficiency: Since the course includes numerous Excel-based examples and exercises, students should have a basic to intermediate proficiency in Microsoft Excel.

Understanding of GAAP: Familiarity with Generally Accepted Accounting Principles (GAAP) will provide helpful context when comparing IFRS to other reporting frameworks.

Interest in Financial Standards: A keen interest in learning about international financial standards and their real-world application in financial reporting.

Description

This course provides a detailed exploration of the International Financial Reporting Standards (IFRS), which are used by companies around the globe to maintain transparency and comparability in financial reporting. Designed for professionals and students seeking to understand and apply IFRS, the course covers multiple aspects of these standards, from basic overviews to complex applications. Each section delves into specific IFRS standards, offering a comprehensive understanding and practical insights to navigate the world of international accounting.Introduction to IFRSThe first section introduces students to the basics of IFRS, setting the foundation for understanding international financial reporting. This section begins with an overview of the IFRS framework and its significance in the global accounting landscape. Key topics include the history of IFRS, its development, and why it is essential for creating transparency and consistency in financial reporting across countries. Students will grasp the fundamental principles of IFRS and its objectives, including how IFRS compares to local Generally Accepted Accounting Principles (GAAP). This section emphasizes the timeline, requirements, exemptions, and disclosures necessary for adopting IFRS for the first time, which helps in understanding the intricacies involved in the transition to these standards.IFRS 1 - First-time Adoption of IFRSIn this section, students dive into IFRS 1, focusing on the first-time adoption of IFRS. It covers the process that organizations need to follow when transitioning from local accounting standards to IFRS. Key discussions revolve around the scope and objectives of IFRS 1, exemptions, exceptions, and specific disclosure requirements. The section highlights the importance of comparative information and explores how first-time adopters must present their financial statements. Students also learn how to handle differences between local standards and IFRS, understand the impact on various financial assets and liabilities, and see real-world examples to better appreciate the complexities involved in IFRS adoption.IFRS 2 - Share-based PaymentThis section focuses on IFRS 2, which covers share-based payments. Students learn about the scope of the standard, focusing on transactions where companies compensate employees or other stakeholders with equity. Topics include the basic principles of equity-settled and cash-settled share-based payments, the significance of grant dates, vesting and non-vesting conditions, and how these affect the valuation of awards. Additionally, the section addresses the implications of modifications, cancellations, and settlement of awards, concluding with the disclosure requirements and practical examples to help understand the treatment of share-based payment arrangements.IFRS 3 - Business CombinationsThis section explores IFRS 3, which pertains to the accounting for business combinations. It starts with a discussion of the scope of the standard and the key definitions, such as business combinations and goodwill. The section details the method of accounting for acquisitions, from determining the acquisition date to recognizing acquired assets and liabilities. It also covers the measurement of non-controlling interests, contingent considerations, and indemnification assets. Students will gain an understanding of how goodwill is calculated and allocated, including real-world examples of business combinations in stages. Disclosure requirements, acquisition costs, and contingent liabilities are also thoroughly covered.IFRS 4 - Insurance ContractsIFRS 4 is a pivotal section for students interested in accounting for insurance contracts. The section begins by defining the scope and objectives of IFRS 4, helping students understand how it applies to the financial reporting of insurance entities. Topics include the recognition and measurement of insurance liabilities, embedded derivatives, and unbundling scenarios. Students will also explore the Liability Adequacy Test (LAT), impairment issues, and how changes in accounting policies impact financial reporting. The section concludes with insights into disclosures related to insurance contracts and a discussion on discretionary participation features.IFRS 5 - Non-current Assets Held for Sale and Discontinued OperationsThis section delves into IFRS 5, addressing the classification and measurement of non-current assets held for sale and discontinued operations. Students will understand the criteria for classifying assets as held for sale, as well as the accounting implications of such classifications. Topics include impairment losses, measurement requirements, and the reversal of impairment losses. Additionally, the section covers the requirements for disclosing discontinued operations and provides practical examples of how to handle complex asset sales and disposal groups in financial statements.IFRS 6 - Exploration for and Evaluation of Mineral ResourcesIn this section, IFRS 6 is explored, focusing on the specific challenges in the exploration and evaluation of mineral resources. Students will learn about the recognition and measurement criteria for exploration and evaluation assets, including the accounting policy choices available under IFRS. The section also covers the impairment of these assets and the necessary disclosures related to exploration activities. Practical examples of how to account for exploration and evaluation expenditures help students understand how this standard applies in real-world scenarios.IFRS 7 - Financial Instruments: DisclosuresThis section covers IFRS 7, focusing on the disclosure requirements for financial instruments. The section begins by explaining the objectives and scope of the standard, followed by detailed guidance on disclosing the fair value of financial instruments in the balance sheet and income statement. Topics include qualitative and quantitative risk disclosures, liquidity risk, market risk, and credit risk. Students will also learn about the disclosures related to hedge accounting and how financial institutions can comply with IFRS 7 by presenting comprehensive information about their financial instruments.IFRS 8 - Operating SegmentsThis section focuses on IFRS 8, which provides guidance on the disclosure of information about a company’s operating segments. It emphasizes the importance of segment reporting in providing transparency to stakeholders about the different revenue-generating activities of a business. Students will learn how to identify operating segments based on the internal reports that the company’s management uses for decision-making purposes. Topics include the aggregation criteria, disclosure of segment revenues, profits, assets, and liabilities, as well as how to report segment information in interim financial statements. Practical examples are provided to help students understand how companies disaggregate their financial performance by segments, including industry-specific cases.IFRS 9 - Financial InstrumentsIn this section, students will explore IFRS 9, which deals with the classification, measurement, and impairment of financial instruments. The section starts by explaining the new categories of financial assets—amortized cost, fair value through other comprehensive income (FVOCI), and fair value through profit or loss (FVTPL). Students will learn about the concept of business models and contractual cash flow characteristics to determine the classification of financial assets. Additionally, IFRS 9 introduces the expected credit loss (ECL) model for recognizing impairments, which replaces the incurred loss model from previous standards. The section also covers the hedge accounting framework under IFRS 9, providing a detailed understanding of how to align accounting with risk management activities. Real-world examples of financial instruments are discussed to ensure students can apply the concepts effectively in practice.IFRS 10 - Consolidated Financial StatementsThis section provides an in-depth look at IFRS 10, which sets out the requirements for preparing consolidated financial statements. Students will explore the concept of control, which determines whether an entity should be consolidated into the parent company’s financial statements. The section explains the three key elements of control—power over the investee, exposure or rights to variable returns, and the ability to use power to affect the returns. It also covers situations such as potential voting rights, de facto control, and consolidation of special purpose entities (SPEs). Practical exercises focus on real-world scenarios involving group structures, non-controlling interests, and how to handle acquisitions and disposals of subsidiaries.IFRS 11 - Joint ArrangementsIn this section, IFRS 11 is explored, focusing on the accounting treatment for joint arrangements. Students will learn the two types of joint arrangements: joint operations and joint ventures, and how to differentiate between them based on the rights and obligations of the parties involved. The section covers how to account for each type, with joint operations requiring proportionate consolidation of assets and liabilities, while joint ventures are accounted for using the equity method. Practical examples are provided to help students understand complex joint arrangement structures, and how disclosures related to these arrangements should be presented in financial statements.IFRS 12 - Disclosure of Interests in Other EntitiesThis section deals with IFRS 12, which focuses on the disclosure requirements for entities that have interests in subsidiaries, joint arrangements, associates, and unconsolidated structured entities. Students will learn about the scope of IFRS 12 and how it aims to provide transparency regarding the risks and financial impacts of these interests. Key topics include the nature and extent of significant restrictions on the ability of subsidiaries to transfer funds, non-controlling interests, and the risks associated with interests in unconsolidated structured entities. The section also emphasizes how these disclosures enhance the understanding of a company’s financial position by giving insights into its relationships with other entities.IFRS 13 - Fair Value MeasurementIFRS 13 provides guidance on how to measure fair value and disclose fair value information in financial statements. This section explains the fair value hierarchy, which categorizes inputs used in fair value measurements into three levels based on their observability. Students will explore how to apply valuation techniques such as the market approach, cost approach, and income approach, depending on the available inputs. The section also covers specific considerations for measuring the fair value of non-financial assets, liabilities, and equity instruments. Practical examples and case studies help students understand how to apply fair value measurements in a variety of industries and financial reporting contexts.IFRS 14 - Regulatory Deferral AccountsIFRS 14, titled Regulatory Deferral Accounts, is a temporary standard aimed at entities that are first-time adopters of International Financial Reporting Standards (IFRS) and currently recognize regulatory deferral account balances under their previous accounting frameworks. These balances arise when a rate-regulated entity is allowed by a regulator to recover specific costs, or earn a certain return, over time through regulated rates, which differ from standard IFRS treatment.This standard permits entities that adopt IFRS for the first time to continue recognizing regulatory deferral account balances in their financial statements, even though there is no specific guidance in full IFRS for such accounts. However, IFRS 14 requires these accounts to be presented separately from other items in the financial statements, both on the face of the financial position statement and in the income statement. This distinction helps users of financial statements understand the nature of regulatory deferral balances and their impact on an entity’s financial performance.IFRS 15 - Revenue from Contracts with CustomersThis section focuses on IFRS 15, which provides a comprehensive framework for recognizing revenue from contracts with customers. Students will learn the five-step model of revenue recognition, which includes identifying the contract, identifying the performance obligations, determining the transaction price, allocating the transaction price, and recognizing revenue when the performance obligations are satisfied. Topics such as variable consideration, warranties, significant financing components, and the treatment of contract costs are also covered in detail. The section includes numerous real-world examples, ensuring students understand how to apply IFRS 15 to complex revenue arrangements such as long-term contracts, licenses, and sales with multiple performance obligations.IFRS 16 - LeasesIn this section, students will delve into IFRS 16, which revolutionized lease accounting by requiring lessees to recognize almost all leases on the balance sheet as right-of-use assets and corresponding lease liabilities. Students will learn the scope of IFRS 16, the distinction between leases and service contracts, and the exemptions available for short-term leases and low-value assets. The section explains the initial and subsequent measurement of right-of-use assets and lease liabilities, including how to account for lease modifications. On the lessor side, students will learn about the classification of leases as operating or finance leases and the corresponding accounting treatment. Practical examples from various industries, such as retail and aviation, help students grasp the impact of IFRS 16 on financial reporting.IFRS 17 - Insurance ContractsThis final section covers IFRS 17, a standard that fundamentally changes the accounting for insurance contracts. Students will learn how IFRS 17 aims to increase transparency in the financial statements of insurance companies by requiring consistent measurement of insurance liabilities. The section covers the general measurement model, which is based on the fulfilment cash flows and a contractual service margin. It also explores the premium allocation approach, an alternative for short-duration contracts. Students will understand how IFRS 17 affects the recognition of revenue and profits from insurance contracts and how to handle reinsurance contracts. Practical examples ensure that students can apply these concepts to real-world insurance accounting challenges.Section 18: Consolidated Financial Statements (Before & Post IFRS)This section delves into the preparation and understanding of Consolidated Financial Statements (CFS) before and after the introduction of IFRS standards. Consolidated financial statements are vital for businesses with subsidiaries as they present the financial health of the entire group. The lectures start with an introduction to CFS and focus on working on CFS sheets, highlighting the major changes that have occurred post-IFRS, particularly the redefinition of control in IFRS 10. The section explains the three elements of control and compares the new and previous definitions of control, emphasizing potential voting rights and control assessments. Special attention is given to the agency-principal relationship, structured entities, and the purpose and design of these entities in financial reporting. Practical examples, such as kick-out rights and relevant activities of investees, help clarify the application of these concepts. The section also covers consolidation procedures, including practical examples, key issues, and required disclosures under the new standards. The lectures conclude with an overview of GAAP versus IFRS and the complexities of joint venture accounting.Section 19: Revision - IFRS 1IFRS 1, First-time Adoption of IFRS, is a crucial standard for entities transitioning to IFRS for the first time. This section provides a comprehensive revision of the objectives and principles behind IFRS 1, discussing key concepts like exemptions, reporting requirements, and the conceptual framework underpinning IFRS. Using Excel examples, the lectures illustrate how first-time adopters should prepare financial statements, addressing initial and subsequent recognition and measurement. Emphasis is placed on disclosure requirements and reporting under IFRS, ensuring transparency for users of financial statements.Section 20: Revision - IFRS 2IFRS 2: Share-Based Payments focuses on the accounting treatment of transactions where entities receive goods or services in exchange for equity instruments or cash based on equity prices. The lectures cover key definitions and distinguish between equity-settled and cash-settled share-based payments. Detailed disclosures and Excel examples are provided to demonstrate the practical application of IFRS 2 in financial reporting. The section concludes with an overview of the standard’s implications for financial statements.Section 21: Revision - IFRS 3IFRS 3: Business Combinations provides guidance on the accounting and reporting of business combinations, where one entity obtains control over another. This section introduces the objectives of IFRS 3, its definitions, and its approach to accounting for business combinations. Lectures focus on the recognition of non-controlling interests (NCI), the determination of acquisition dates, and the accounting for goodwill. Practical examples highlight the complexities involved in acquisition-related disclosures.Section 22: Revision - IFRS 4IFRS 4: Insurance Contracts provides interim guidance on the accounting for insurance contracts before the final IFRS 17 standard. This section explores the definitions and characteristics of insurance contracts, including the assessment of significant risk and the portfolio approach to measurement. Lectures cover initial recognition, subsequent measurement, and disclosure requirements, with Excel examples demonstrating these concepts in practice. The standard ensures that entities provide relevant information to users of financial statements regarding insurance risks and uncertainties.Section 23: Revision - IFRS 5IFRS 5: Non-Current Assets Held for Sale and Discontinued Operations focuses on the classification, measurement, and presentation of assets that are no longer part of an entity’s core operations. The section begins with an introduction to the standard’s objectives, conditions for classification, and accounting requirements. Through Excel illustrations, lectures explain the treatment of assets and liabilities held for sale, as well as disclosures related to discontinued operations, ensuring accurate representation in financial statements.Section 24: Revision - IFRS 6IFRS 6: Exploration for and Evaluation of Mineral Resources offers guidance on accounting for mineral exploration costs. This section introduces key definitions and explains the recognition and measurement of exploration assets, emphasizing the impairment of these assets. Lectures cover the presentation of mineral resources in financial statements and include Excel examples for depreciation and revaluation, providing practical insights into this niche area of accounting.Section 25: Revision - IFRS 7IFRS 7: Financial Instruments - Disclosures requires entities to provide information on the significance of financial instruments in their financial position and performance. This section highlights the qualitative and quantitative disclosures related to financial instruments, including risk exposures, management practices, and examples of financial instruments disclosures. The aim is to enhance transparency and enable users to understand an entity's financial risks.Section 26: Revision - IFRS 8IFRS 8: Operating Segments provides guidance on segment reporting, ensuring that the information reflects how management views the business. This section covers the identification of operating segments, their scope, and the related disclosures required for comparative reporting. Lectures explain segment reporting through Excel examples, illustrating how companies present financial performance across different business units or geographical areas.Section 27: Revision - IFRS 10IFRS 10: Consolidated Financial Statements outlines the consolidation model for reporting financial performance across a group of entities. This section introduces the control model for determining when an entity should consolidate another, addressing exceptions and practical challenges. Detailed examples help clarify the requirements and the proper application of IFRS 10.Section 28: Revision - IFRS 11IFRS 11: Joint Arrangements focuses on the accounting treatment for joint ventures and joint operations. This section covers the assessment of joint control, types of joint arrangements, and the appropriate accounting methods. Excel charts and examples demonstrate how to recognize and disclose joint ventures and operations in financial statements.Section 29: Revision - IFRS 12IFRS 12: Disclosure of Interests in Other Entities mandates comprehensive disclosures for interests in subsidiaries, joint ventures, associates, and unconsolidated structured entities. This section explores the attributes of sufficient disclosures, covering both quantitative and qualitative information. Practical examples are used to show how to apply these disclosures in real-world scenarios.Section 30: Revision - IFRS 13IFRS 13: Fair Value Measurement provides a framework for measuring fair value and related disclosures. This section introduces key concepts such as the principal market, highest and best use, and measurement techniques for assets and liabilities. Through Excel examples, lectures illustrate the practical application of fair value measurement and the required disclosures to ensure transparency in financial statements.Section 31: Revision - IFRS 14This section covers IFRS 14: Regulatory Deferral Accounts, which allows first-time IFRS adopters to continue recognizing regulatory deferral account balances. The lectures provide an overview of accounting for these accounts, their presentation in financial statements, and the necessary disclosures. Excel examples demonstrate the practical implementation of IFRS 14, helping entities transition to IFRS while maintaining the recognition of rate-regulated activities.ConclusionBy the end of this comprehensive course on IFRS, students will have gained a thorough understanding of the International Financial Reporting Standards and how they apply to a variety of financial reporting situations. From first-time adoption to the recognition of complex transactions such as revenue, leases, and financial instruments, students will be equipped to handle the most challenging aspects of IFRS in their professional roles. With real-world examples, case studies, and practical applications throughout the course, students will leave with the confidence and skills to implement IFRS effectively in global financial environments.

Overview

Section 1: Introduction

Lecture 1 IFRS Overview

Section 2: IFRS 1 - First-time Adoption of International Financial Reporting Standards

Lecture 2 Introduction to IFRS

Lecture 3 What this IFRS 1 all About

Lecture 4 Objective of IFRS

Lecture 5 IFRS Scope

Lecture 6 Local Gap

Lecture 7 IFRS Timeline

Lecture 8 IFRS Requirements

Lecture 9 IFRS Exemptions and Exceptions

Lecture 10 IFRS Disclosures

Lecture 11 IFRS Disclosures Continues

Lecture 12 Comparative Information

Lecture 13 IFRS Quick Revision

Lecture 14 IFRS Quick Revision Continue

Lecture 15 Impact of new Stds on this Entity

Lecture 16 Assets Purchased

Lecture 17 Application of FV Hedges Date Traditions

Lecture 18 Working on Example 5

Section 3: IFRS 2 - Share-based Payment

Lecture 19 Introduction to Share Based Payment

Lecture 20 Scope of IFRS

Lecture 21 Scope Doesn't Cover

Lecture 22 Basic Principles

Lecture 23 Equity Settled

Lecture 24 Grant Date

Lecture 25 Vesting Conditions

Lecture 26 Non Vesting Conditions

Lecture 27 Impact of Conditions

Lecture 28 Impact of Conditions Example

Lecture 29 Vesting Periods

Lecture 30 Valuation of Awards

Lecture 31 Cash Settled Awards

Lecture 32 Modification Cancellation and Settlement

Lecture 33 Share Based Payment Awards

Lecture 34 Exchanges

Lecture 35 Group Based

Lecture 36 Taxes

Lecture 37 Disclosures

Lecture 38 Few Examples

Lecture 39 Transition to IFRS

Lecture 40 Conclusion

Section 4: IFRS 3 - Business Combinations

Lecture 41 Introduction to Business Combination

Lecture 42 Scope

Lecture 43 Business Combination

Lecture 44 Method of Accounting

Lecture 45 Acquisition Date

Lecture 46 Acquired Assets and Liab

Lecture 47 Goodwill

Lecture 48 Measurement of NCI

Lecture 49 Examples On Goodwill

Lecture 50 Business Combination in Stages

Lecture 51 Measurement Period

Lecture 52 Contingent Consideration

Lecture 53 Acquisition Cost

Lecture 54 Contingent Liabilities

Lecture 55 Indemnification Assets

Lecture 56 Disclosures

Lecture 57 Acquisition Disclosures

Lecture 58 Conclusion

Lecture 59 Example 1

Lecture 60 Example 2

Lecture 61 Example 3

Lecture 62 Example 4

Lecture 63 Example 5

Lecture 64 Example 6

Lecture 65 Example 7

Lecture 66 Example 8

Section 5: IFRS 4 - Insurance Contracts

Lecture 67 Introduction to Insurance Contracts

Lecture 68 Understand Insurance Contracts

Lecture 69 Objectives and Scope

Lecture 70 Embedded Derivatives

Lecture 71 Unbundling Scenario

Lecture 72 Recognition and Measurement

Lecture 73 Liability Adequacy Test and Impairment

Lecture 74 Changes in Accounting Policies

Lecture 75 Business Combinations

Lecture 76 Discretionary Participation Features

Lecture 77 Disclosures

Lecture 78 Conclusion

Section 6: IFRS 5 - Non-current Assets Held for Sale and Discontinued Operations

Lecture 79 Non Currect Asset HFS and Dic Operation

Lecture 80 Understand Objective

Lecture 81 Definitions

Lecture 82 Initial Classification Requirement

Lecture 83 Highly Probable Sale

Lecture 84 Allocating Assets and Liab to a Disposal Group

Lecture 85 Deferred tax assets and Liabilities

Lecture 86 Solids Subsequent Review for Sale Classification

Lecture 87 Discontinued Operations

Lecture 88 Measurement Requirements

Lecture 89 Measurement of assets HFS

Lecture 90 Recognition of Impairment Losses

Lecture 91 Reversal of Impairment Losses

Lecture 92 Measurement Implications

Lecture 93 Disclosure

Lecture 94 More on Disclosure

Lecture 95 Disclosure Transaction

Lecture 96 Example of Disclosure

Lecture 97 Conclusion

Section 7: IFRS 6 - Exploration for and Evaluation of Mineral Resources

Lecture 98 Introduction

Lecture 99 Scope

Lecture 100 Recognition of E and E

Lecture 101 Accounting Policy Choice

Lecture 102 Changes in Accounting Policy

Lecture 103 Classification of E and E

Lecture 104 Cash flow and Measurement

Lecture 105 Impairment

Lecture 106 Impairment Continue

Lecture 107 Disclosures and Farm in Arrangements

Lecture 108 Example

Lecture 109 Quick Revision

Section 8: IFRS 7 - Financial Instruments: Disclosures

Lecture 110 Introduction Financial Instruments Disclosures

Lecture 111 Objective and Scope

Lecture 112 Balance Sheet

Lecture 113 Disclosure of Fair Value FI

Lecture 114 More on Disclosure of Fair Value

Lecture 115 Income Statement

Lecture 116 Other Disclosures

Lecture 117 Hedge Accounting

Lecture 118 Fair Value

Lecture 119 Qualitative Risk Disclosures and Quantitative Risk Disclosures

Lecture 120 Credit Risk

Lecture 121 Maximum Credit Exposure

Lecture 122 Past Due or Impaired and Possession of Collateral

Lecture 123 Liquidity Risk

Lecture 124 Market risk

Lecture 125 Conclusion

Section 9: IFRS 8 - Operating Segments

Lecture 126 Introduction to Segment Reporting

Lecture 127 Scope and Operating Segment

Lecture 128 How to identify Operating Segment

Lecture 129 Identify Their Business Activity

Lecture 130 Interest JV

Lecture 131 Regularly Reviewed by CODM

Lecture 132 Reportable Segment

Lecture 133 Reportable Segment Continues

Lecture 134 Understand Measurement

Lecture 135 Disclosures

Lecture 136 Working on Examples

Lecture 137 Working on Examples Continues

Lecture 138 Example on Matrix Organisation

Lecture 139 Restatement

Lecture 140 More on Restatement

Lecture 141 Core Principle and Scope

Lecture 142 Conclusion

Section 10: IFRS 9 - Financial Instruments

Lecture 143 Introduction Financial Instruments

Lecture 144 Objectives and Scope

Lecture 145 Financial Asset Classification

Lecture 146 Cash Flow Characteristics Test

Lecture 147 Hold to Collect Business Model

Lecture 148 Hold to Collect Business Model Continues

Lecture 149 Reassessment of Business Model

Lecture 150 Contractual Cash Flow

Lecture 151 Contractual Cash Flow Continue

Lecture 152 Classification Model

Lecture 153 Impairment of Financial Assets

Lecture 154 Classification of Financial Liabilities

Lecture 155 Changes in FV Attributable to Own Credit Risk

Lecture 156 Hedge Accounting and Accounting

Lecture 157 Hedge Accounting Part 1

Lecture 158 Hedge Accounting Part 2

Lecture 159 Hedge Accounting Part 3

Lecture 160 Hedge Accounting Part 4

Lecture 161 Quick Revision

Section 11: IFRS 10 - Consolidated Financial Statements

Lecture 162 Introduction to Consolidated Financial Statements

Lecture 163 Objective and Scope

Lecture 164 Exemptions and Example

Lecture 165 Control

Lecture 166 Power over Investee

Lecture 167 Working on Examples

Lecture 168 Understand the Rights

Lecture 169 Protective Rights

Lecture 170 Guidance of IFRS

Lecture 171 Variable Returns

Lecture 172 Power to Affect Return

Lecture 173 Power to Affect Return Continues

Lecture 174 Purpose Design of Investee

Lecture 175 Understand Franchises

Lecture 176 Summary - Control Assessment

Lecture 177 Examples 1

Lecture 178 Examples 2

Lecture 179 Reassessment

Lecture 180 Conclusion

Section 12: IFRS 11 - Joint Arrangements

Lecture 181 Introduction

Lecture 182 Objective and Scope

Lecture 183 Joint Arrangement

Lecture 184 Joint Control

Lecture 185 Joint control Continue

Lecture 186 Relevant Activities and Types of Joint Arrangement

Lecture 187 Determine Types

Lecture 188 Examples

Lecture 189 Joint Arrangement Accounting

Lecture 190 Joint Arrangement Accounting Continue

Lecture 191 Transition

Lecture 192 Transition Continue

Lecture 193 Disclosures

Section 13: IFRS 12 - Disclosure of Interests in Other Entities

Lecture 194 Introduction to DOI in Other Entities

Lecture 195 Understand Scope

Lecture 196 Significant Judgement and Assumptions

Lecture 197 Interest in Subsidiaries

Lecture 198 Interest in Subsidiaries Continues

Lecture 199 Non Controlling Interest

Lecture 200 Consolidated Structured Entities

Lecture 201 Unconsolidated Structured Entities

Lecture 202 Relief

Lecture 203 Join Arrangement and Associates

Lecture 204 Changes in Accounting Policy

Lecture 205 Working on Example

Lecture 206 Conclusion

Section 14: IFRS 13 - Fair Value Measurement

Lecture 207 Introduction to Fair Value Measurement

Lecture 208 Understand Scope

Lecture 209 Why this IFRS

Lecture 210 Key Definitions

Lecture 211 Highest and Best Use

Lecture 212 Understand Measurement

Lecture 213 Measurement - Asset and Liability

Lecture 214 Identifying the Principle

Lecture 215 FV Initial Recognition

Lecture 216 Non Financial Asset

Lecture 217 Defensive Value

Lecture 218 Liabilities and Own Credit Risk

Lecture 219 Interest Rate Swap IR

Lecture 220 Structured Note

Lecture 221 Bid and Ask Price

Lecture 222 Premium and Discount

Lecture 223 Premium and Discount Continues

Lecture 224 Valuation Techniques

Lecture 225 Application of Valuation Technique

Lecture 226 FV Hierarchy

Lecture 227 FV Hierarchy Continues

Lecture 228 FV Hierarchy Level 3

Lecture 229 Disclosures

Lecture 230 Conclusion

Section 15: IFRS 14 - Regulatory Deferral Accounts

Lecture 231 Introduction to Regulatory Deferral Accounts

Lecture 232 Scope Flow Chart

Lecture 233 Key Definitions

Lecture 234 Key Definitions Continues

Lecture 235 Recognition and Measurement

Lecture 236 More on Recognition and Measurement

Lecture 237 Initial Recognition and Measurement

Lecture 238 Subsequent Period

Lecture 239 Service Concession Arrangements

Lecture 240 Income tax

Lecture 241 Impairment

Lecture 242 Group Considerations

Lecture 243 Presentations

Lecture 244 Disclosures

Lecture 245 Conclusion

Section 16: IFRS 15 - Revenue from Contracts with Customers

Lecture 246 Introduction to Revenue from Contract with Customers

Lecture 247 Understand Scope

Lecture 248 Key Definitions

Lecture 249 Revenue Model

Lecture 250 Revenue Model Continues

Lecture 251 Identify Performance Obligation

Lecture 252 Understand Goods or Services are Distinct

Lecture 253 Determine Transaction Price

Lecture 254 Volume Discount Incentive

Lecture 255 Constraining Estimates Variable Consideration

Lecture 256 Non Cash Consideration

Lecture 257 Allocating Transaction Price

Lecture 258 Understand Example Five

Lecture 259 Revenue Recognition Point

Lecture 260 Other Issues

Lecture 261 Guidance of IFRS 15

Lecture 262 Types of Warranties

Lecture 263 Disclosures

Lecture 264 Transition

Lecture 265 Conclusion

Lecture 266 Conclusion Continues

Section 17: IFRS 16 - Leases

Lecture 267 Introduction to Lease

Lecture 268 Identifying a Lease

Lecture 269 Identified Asset

Lecture 270 Protective and Maintaining Rights

Lecture 271 Comprehensive Example 4

Lecture 272 Separating Components of Contract

Lecture 273 Combination of Contracts

Lecture 274 Lease Term and Example 5

Lecture 275 What is Lease Term

Lecture 276 Lease Accounting

Lecture 277 Determining Lease Payment

Lecture 278 Subsequent Measurement Right of Use Asset

Lecture 279 Lease Liability

Lecture 280 Reassessment of Lease Liability

Lecture 281 Presentations

Lecture 282 Classification of Leases

Lecture 283 Manufacturer or Dealer Lessors

Lecture 284 Recognition and Measurement

Lecture 285 Sale Back Lease Transaction

Lecture 286 Sale Back Lease Transaction Continues

Lecture 287 Exemptions of IFRS 16

Lecture 288 Sublease Arrangements

Lecture 289 Transitions

Lecture 290 Conclusion

Lecture 291 Conclusion Continues

Section 18: Consolidated Financial Statements ( Before & Post IFRS)

Lecture 292 Introduction to Consolidated Financial Statements

Lecture 293 Working on CFS Sheet

Lecture 294 Major Changes

Lecture 295 Three Elements of Control

Lecture 296 New and Previous Definition of Control

Lecture 297 Potential Voting Rights

Lecture 298 Potential Voting Rights Continues

Lecture 299 Control Assessment

Lecture 300 Agency - Principle Relationship

Lecture 301 Special and Structured Entities

Lecture 302 What is Guidance

Lecture 303 Purpose and Design

Lecture 304 Entity RJ

Lecture 305 Example on Kick Out Rights

Lecture 306 Investees Relevant Activities

Lecture 307 Transition

Lecture 308 Consolidation Procedures

Lecture 309 Consolidation Procedures Continues

Lecture 310 Example of Consolidation Procedures

Lecture 311 Key Practical Issues

Lecture 312 CFS- Disclosures

Lecture 313 CFS- Disclosures Continues

Lecture 314 Type of Asset MISUSE Ltd

Lecture 315 GAAP

Lecture 316 GAAP Continues

Lecture 317 Joint Venture Accounting

Section 19: REVISION - IFRS 1

Lecture 318 Introduction to Course

Lecture 319 IFRS Categories and IFRS Conceptual Framework

Lecture 320 IFRS 1 IFRS Conceptual Framework and Excel Example

Lecture 321 IFRS Conceptual Framework

Lecture 322 Objectives of IFRS 1

Lecture 323 IFRS 1 Excel Example

Lecture 324 First Time Adoption and Excel Example

Lecture 325 Exemptions

Lecture 326 Reporting and Disclosure

Section 20: REVISION - IFRS 2

Lecture 327 Introduction to IFRS 2

Lecture 328 IFRS 2 Accounting and Definitions

Lecture 329 Equity and Cash settled SBP Transactions

Lecture 330 Share Based Payment Disclosures

Lecture 331 Excel Example

Lecture 332 Conclusion IFRS 2

Section 21: REVISION - IFRS 3

Lecture 333 Introduction to Business Combination

Lecture 334 Objectives and Definitions

Lecture 335 Accounting for Business Combination

Lecture 336 Examples

Lecture 337 Recognize NCI Interests

Lecture 338 Acquisition Date Example

Lecture 339 Goodwill

Lecture 340 Acquisition Issues and Disclosures

Section 22: REVISION - IFRS 4

Lecture 341 Introduction to IFRS 4 Insurance Contracts

Lecture 342 Insurance Contract

Lecture 343 Significant Risk

Lecture 344 Types and Portfolio

Lecture 345 Initial Recognition and Measurement with Excel Examples

Lecture 346 Subsequent measurement and Modification and Recognition

Lecture 347 Disclosures and Conclusion

Section 23: REVISION - IFRS 5

Lecture 348 Introduction to Course

Lecture 349 Objective and Accounting

Lecture 350 Conditions and Excel Examples

Lecture 351 Held for Sale Classification and Excel Illustration

Lecture 352 Held for Sale Classification and Measurement

Lecture 353 Disclosures and Discontinued Ops

Lecture 354 Excel Presentation

Section 24: REVISION - IFRS 6

Lecture 355 Introduction and Table of Contents

Lecture 356 Definitions and Accounting for Mineral Resources

Lecture 357 Accounting for Mineral Resources

Lecture 358 Impairment of Mineral Resources

Lecture 359 Presentation and Disclosures

Lecture 360 Excel example Depreciation Calculation

Lecture 361 Excel Example Revaluation Model

Lecture 362 Excel Example Revaluation Model Continued

Section 25: REVISION - IFRS 7

Lecture 363 Introduction to FI Disclosures

Lecture 364 Objectives of Fl

Lecture 365 Other Disclosures

Lecture 366 Examples Of Fl

Lecture 367 Qualitative and Quantitative Disclosures

Section 26: REVISION - IFRS 8

Lecture 368 Introduction to Course

Lecture 369 Objectives of Operating Segments and Scope

Lecture 370 Operating Segment

Lecture 371 Segment Reporting

Lecture 372 Comparative Segment Reporting and Excel Example

Lecture 373 Segment Reporting Disclosure

Lecture 374 Reconciliation and Entity-Wide Disclosures

Lecture 375 Segment Reporting Excel Example

Lecture 376 Segment Reporting Excel Example Continued

Section 27: REVISION - IFRS 10

Lecture 377 Introduction to IFRS 10

Lecture 378 Consolidation Model and Consolidation

Lecture 379 Examples and Exceptions

Section 28: REVISION - IFRS 11

Lecture 380 Introduction to Course

Lecture 381 Summary of Investments Excel chart

Lecture 382 Objective and Assessment of Joint Control

Lecture 383 Types of Joint Arrangements and Excel Chart

Lecture 384 Accounting for Joint Arrangements

Lecture 385 Financial Statements Presentation and Excel Examples

Section 29: REVISION - IFRS 12

Lecture 386 Introduction to Course

Lecture 387 Attributes of Sufficient Disclosures

Lecture 388 Interests in Subsidiaries Disclosures

Lecture 389 Interests in Unconsolidated Structured Entities Disclosures

Lecture 390 Interests in Joint Arrangements

Lecture 391 Excel Examples

Lecture 392 Excel Examples Continued

Section 30: REVISION - IFRS 13

Lecture 393 Introduction to Course

Lecture 394 Objectives and Concepts

Lecture 395 Principal and Most Advantageous Market Excel Example

Lecture 396 Highest and Best Use Concept and Excel Example

Lecture 397 Measurement of Liabilities and Equity

Lecture 398 Measurement of a Group of Financial Assets

Lecture 399 Initial Recognition and Excel Example

Lecture 400 Valuation Techniques

Lecture 401 Fair Value Disclosures

Lecture 402 Fair Value Disclosures and Excel Examples

Section 31: REVISION - IFRS 14

Lecture 403 Introduction to Course

Lecture 404 Overview and Accounting for Regulatory Deferral Accounts

Lecture 405 Regulatory Deferral Accounts Presentation

Lecture 406 Regulatory Deferral Accounts Disclosures and Excel Examples

Accountants and Financial Professionals: Those looking to enhance their knowledge of International Financial Reporting Standards (IFRS) and apply it in their work.,Auditors: Professionals involved in auditing financial statements who need to stay updated on IFRS requirements.,Finance Students and Graduates: Students pursuing degrees or certifications in accounting, finance, or related fields who want to deepen their understanding of global financial reporting standards.,Corporate Finance Teams: Financial controllers, managers, or directors responsible for preparing and presenting financial reports in compliance with IFRS.,Investors and Analysts: Professionals in investment banking, equity research, or financial analysis who rely on IFRS-compliant financial statements for decision-making.,Consultants and Business Advisors: Consultants involved in mergers, acquisitions, or business structuring who need to understand IFRS implications on transactions.,Anyone Transitioning from GAAP to IFRS: Individuals or companies making the transition from local accounting standards (like GAAP) to IFRS will find this course particularly helpful.