Ifrs - A Complete Course On Ifrs (updated 2/2023)

International Financial Reporting Standards (IFRS) Advance Level - ACCA SBR / DipIFRS / Cert IFRS

What you'll learn

International Financial Reporting Standards (IFRS)

Requirements

Basic knowledge of accounting

Description

This course is an advanced course on International Financial Reporting Standards.The DipIFR or "ACCA Diploma in international financial reporting" is an international diploma certifying proficiency in IFRS, issued by the world's largest finance and accounting professionals organization, the Association of Chartered Certified Accountants (ACCA).If you are a professional accountant or auditor who works in practice or business then you are eligible to take this ACCA financial reporting qualification.WHO IS THIS COURSE FOR:1. Students taking ACCA SBR Exams2. Students taking ACCA DipIFR Exam3. Students taking ACCA Cert IFRS Exam4. Working professionals responsible for preparing financial statements based on IFRS - International Financial Reporting StandardsLEARNING OUTCOMEThis course is based on IFRS syllabus as prescribed by ACCA (Association of Certified Chartered Accountants) and is in line with the course outline for ACCA Dip-IFR exam.  Participants are expected to develop knowledge and skills in understanding and applying International Financial Reporting Standards and the theoretical framework in the preparation of financial statements of entities, including consolidated financial statements.WHAT IS INCLUDEDThe course includes detailed lectures on financial reporting standards included in ACCA Dip IFR exam.  Apart from lectures the course also includes sufficient practice questions to demonstrate the application of IFRS.  The course also includes excel files / working files which students can download for analysis or further working purposes.

Overview

Section 1: Introduction to IFRS

Lecture 1 Introduction to the course

Lecture 2 Conceptual Framework - Part 1

Lecture 3 Conceptual Framework - Part 2

Lecture 4 Conceptual Framework - Part 3

Lecture 5 Conceptual Framework - Part 4

Lecture 6 Structure of Statement of Comprehensive Income - SOCI

Lecture 7 Structure of Statement of Financial Position - SOFP

Lecture 8 Professional Ethics

Lecture 9 Ethical Considerations

Lecture 10 Performance Measures

Lecture 11 COVID 19 - Impacts on Financial Reporting

Lecture 12 Sustainability Reporting and Integrated Reporting

Section 2: IFRS 15 - Revenue from Contracts with Customers

Lecture 13 IFRS 15 - Part 1. Overview of IFRS 15

Lecture 14 IFRS 15 - Part 2. Revenue Recognition Citeria

Lecture 15 FRS 15 - Part 3. Revenue Recognition Citeria Continued

Lecture 16 Revenue - Questions

Lecture 17 Recognition Criteria Explained

Lecture 18 Question - Financing Component

Lecture 19 Discount Allocation - Question

Lecture 20 Question with Solution - Topic Discussion IFRS 15

Lecture 21 IFRS 15 - General Discussion

Lecture 22 Question No 33 from Kit

Lecture 23 IFRS 15 - Kit Question Part 1

Lecture 24 IFRS 15 - Kit Question Part 2

Section 3: IAS 16 - Property, Plant and Equipment

Lecture 25 SOCI - Explanation

Lecture 26 IAS 16 - Part 1 - Recognition and Initial Measurement

Lecture 27 IAS 16 - Part 2 - Subsequent Measurement

Lecture 28 IAS 16 - Part 3 - Revaluations and Disposals

Lecture 29 Revaluation of Non Current Assets - Additional

Lecture 30 IAS 16 - Questions and Solutions

Lecture 31 IAS 38 - Intangible Assets - Revised

Lecture 32 Questions IAS 16 - 23 - 37

Lecture 33 IAS 16 - IAS 38 - Questions Tangible and Intangible Assets

Section 4: IAS 40 - Investment Property

Lecture 34 DipIFR - IAS 40 Investment Property

Lecture 35 IAS 16 and IAS 40 Quick Comparison

Section 5: IAS 38 - Intangible Assets and IFRS 3 Goodwill

Lecture 36 IAS 38 - Intangible Non Current Assets

Lecture 37 IFRS 3 - Goodwill

Lecture 38 Calculation of Goodwill

Section 6: IAS 36 - Impairment of Assets

Lecture 39 1. Impairment of Assets

Lecture 40 2. External Indicators

Lecture 41 3. Internal Indicators

Lecture 42 4. Cash Generating Units (CGU)

Lecture 43 5. Goodwill and Imapirment

Lecture 44 6. Accounting Treatment

Lecture 45 Question - Impairment of CGU and Goodwill

Lecture 46 Question 40 - Imapairment and Deferred Tax

Lecture 47 IAS 23 and IAS 36 Questions

Section 7: IAS 23 - Borrowing Cost

Lecture 48 Borrowing Cost - Part 1

Lecture 49 Borrowing Cost - Part 2

Section 8: IAS 37 - Provisions and Contingent Liabilities

Lecture 50 Provisions and Contingent Liabilities

Lecture 51 Provisions and Contingent Liabilities - Part 1

Lecture 52 Provision for Restructuring

Lecture 53 Provision for Restructuring Question

Lecture 54 Environmental Provisioning Question

Lecture 55 Difference Between Reserve and Provision

Section 9: IFRS 16 - Leases

Lecture 56 IFRS 16 - Leases

Lecture 57 IFRS 16 - Discussion

Lecture 58 IFRS 16 - Re-measurement of Lease Liability

Lecture 59 Sale and Lease Back - With Question

Lecture 60 Lessor Accounting

Section 10: IAS 21 Foreign Exchange

Lecture 61 IAS 21 Foreign Exchange

Lecture 62 Question - IFRS 15 and IAS 21 Foreign Exchange

Lecture 63 Question - IAS16 and Foreign Exchange

Lecture 64 Functional Currency of a Foreign Subsidiary

Lecture 65 IAS 21 - Impact on Goodwill

Lecture 66 Impact on Deferred Tax

Section 11: IAS 12 - Tax

Lecture 67 IAS 12 - Tax Part 1

Lecture 68 IAS 12 - Tax - Part 2

Lecture 69 IAS 12 - Tax Part 3

Lecture 70 Deferred Tax Treatment with Intra Group Sales

Lecture 71 Deferred Tax Treatment with Impairment IAS 36

Lecture 72 Deferred Tax Treatment with Lease IFRS16

Lecture 73 Tax Question Tufnel

Lecture 74 Deferred Tax Losses

Section 12: IFRS 13 - Fair Value

Lecture 75 IFRS 13 - Part 1 - Introduction

Lecture 76 IFRS 13 - Part 2 - Measurement Basis

Section 13: IAS 20 - Government Grant

Lecture 77 IAS 20 - Government Grant

Lecture 78 IAS 20 - Government Grant - Compliance Conditions

Section 14: IFRS 9 - Financial Intruments

Lecture 79 Financial Instruments Introduction

Lecture 80 Derivatives

Lecture 81 Equity and Liability

Lecture 82 Recognition and Derecognition

Lecture 83 Amortised Cost

Lecture 84 Classification of Financial Assets and Fin Liabilities

Lecture 85 Reclassification of Financial Assets and Liabilities

Lecture 86 Measurement of Financial Assets and Liabilities

Lecture 87 Compound Financial Instruuments

Lecture 88 Impairment of Financial Instrument

Lecture 89 Hedging and Hedge Accounting

Lecture 90 Extra Discussion - Fin Assets Classification and Equity Instruments

Lecture 91 Bank Loan Question

Lecture 92 Equity Instrument Question

Lecture 93 Loan Note Question

Lecture 94 Executory Contracts and Own Use Assets

Section 15: IAS 19 - Employee Benefit

Lecture 95 IAS 19 - Employee Benefit

Lecture 96 IAS 19 - Example Solved 1

Lecture 97 IAS 19 - Example Solved 2

Lecture 98 Kit Question 36 - Pensions - Part 1

Lecture 99 Kit Question 36 - Pensions - Part 2

Section 16: IFRS 2 - Share Based Payments

Lecture 100 1. Introduction to IFRS 2 Shared Based Payments

Lecture 101 2. Types of Share Based Payments

Lecture 102 3. Definitions and Terminology Used in Standard

Lecture 103 4. Recognition Criteria in IFRS 2

Lecture 104 5. Equity Based Transactions With Example

Lecture 105 6. SARs Cash Based Settlement - Example Solved

Lecture 106 7. Choice of Settlement

Lecture 107 8. Vesting Conditions

Lecture 108 9. Modifications, Cancellation and Settlements

Lecture 109 10. IFRS 2 - Question - Part 1

Lecture 110 11. IFRS 2 - Question - Part 2

Section 17: IAS 33 - EPS

Lecture 111 IAS 33 - 1. Introduction to EPS

Lecture 112 2. Types of Shares and Calculation of EPS

Lecture 113 3. Recap - Wighgted Average Shares and Bonus Fraction

Lecture 114 4. Diluted EPS

Lecture 115 IAS 33 - EPS Short Questions - 1

Lecture 116 IAS 33 - EPS Short Questions - 2

Section 18: Miscellaneous Standards

Lecture 117 IAS 8 - Changes in Accounting Policies, Estimates and Errors

Lecture 118 IAS 10 - Events after the Reporting Period

Lecture 119 IAS 41 - Agriculture

Section 19: Consolidated Financial Statements

Lecture 120 Consolidated Financial Statements - Introduction 1

Lecture 121 Consolidated Financial Statements - Introduction 2

Lecture 122 Consolidated FS - Net Assets and Goodwill

Lecture 123 Consolidated FS - Consideration

Lecture 124 Consolidated FS - Short Questions

Lecture 125 Consolidation - Markup and Margin

Lecture 126 Consolidation - Unrealized Profit - PUP

Lecture 127 Consolidation - NCI Valuation Methods

Lecture 128 Consolidated SOFP - Q 306 - Party Co

Lecture 129 Intra Group Sale of Assets, Interests and Dividends

Lecture 130 Income Statement Introduction

Lecture 131 Income Statement MCQs

Lecture 132 Calculation of Goodwill

Lecture 133 Consolidated SOFP - Paradigm Q297 - 1

Lecture 134 Consolidated SOFP - Paradigm Q297 - 2

Lecture 135 Exam Question Consolidated SOFP - June 2015

Lecture 136 Kit Question - Traveller - Part 1 - IFRS 9

Lecture 137 Kit Question - Traveller - Part 2 - Goodwill and Impairment

Lecture 138 Kit Question - Diamond Part 1

Lecture 139 Kit Question - Diamond Part 2

Lecture 140 IAS 28 - Investment in Associates and Joint Ventures

Lecture 141 Consolidated SOCI

Lecture 142 Kit Question - Angel Part 1

Lecture 143 Kit Question - Angel Part 2 - Operating Cash Flow

Lecture 144 Consolidated SOCI - Note 6 - Cash Flow Hedge Explanation

Lecture 145 IFRS 11 - Joint Arrangement

Lecture 146 IFRS 11 - Kit Question

WHO IS THIS COURSE FOR: 1. Students taking ACCA SBR Exams2. Students taking ACCA DipIFR Exam3. Students taking ACCA Cert IFRS Exam4. Working professionals responsible for preparing financial statements based on IFRS - International Financial Reporting Standards.