IFRS-Review of Standards

IFRS-Review of Standards
Distance Learning (DL) courses are sessions that have been recorded from live, in-person offerings and made available as on-demand videos online, along with any corresponding course materials. Note these are purely self-study products and there will be no access to instructors for questions and answers. Each title qualifies for verifiable CPD hours upon successful completion of a quiz at the end of the session. Unlimited quiz attempts are available until the passing grade of 70% or better is achieved. After this, you will no longer have access to the quiz.




NOTE: Access to this course is only available until September 30, 2022.
Course login details are normally sent to registrants within one week from date of registration.

DL22230141

Recorded: November 2019 

Because the video recordings are taken from live seminars, the information presented is up-to-date at the time of recording. While we make an effort to keep our inventory updated and seasonally remove outdated titles, changes in accounting, tax and other acts and legislations can happen at any time. It is up to the purchaser to take note of the recording date, and to determine for themselves whether the recorded video is still relevant to their needs. 

This seminar will cover all of the International Financial Reporting Standards (IFRS) incorporated as part of CPA Canada Handbook – Accounting – Part I. The focus is on the IFRS standards that apply to most profit-oriented entities.  Participants will also be provided with information on IFRS standards currently under development and the potential impact on financial statements. At the end of this two-day seminar you will be aware of the foundation of IFRS and be able to explain IFRS content. Examples and exercises are incorporated throughout the session for you to identify application issues.

LEARNING OBJECTIVES
By the end of this course, participants will be able to:

  • Explain the IFRS standards that apply to most profit-oriented entities.
  • Identify changes to IFRS and impact on financial statements.
  • Summarize current developments in IFRS.
  • List relevant resources (with links).

CONTENT

  • overview of IFRS
  • conceptual framework and fair value measurement
  • financial statement presentation
  • revenue
  • property plant and equipment
  • investment property
  • intangible assets
  • impairment of assets
  • leases
  • financial instruments
  • income taxes
  • liabilities
  • strategic investments and separate financial statements
  • other IFRS standards e.g. interim financial reporting, related party transactions,, employee benefits
  • specialized industries e.g. agriculture, mining, insurance, rate-regulated entities
  • first-time adoption considerations
  • impact of Covid-19 on accounting
  • examples and exercises to illustrate application issues

WHO WILL BENEFIT
Professionals who work in financial reporting and related areas of publicly accountable enterprises or other enterprises applying IFRS, who are reading financial statements of publicly accountable enterprises, or who wish to be able to explain IFRS standards. Audit committee members who would like to gain an understanding of IFRS may also find this to be a useful seminar.

PREREQUISITE
Familiarity with CPA Handbook – Accounting Part I is useful but not required.

CPD-14 Hours

When
4/1/2022 - 3/31/2023 11:59 PM
Where
On-demand