4124 | On Demand | Basic | Self-Study
IFRS: The Conceptual Framework for Financial Reporting and Fair Value Measurement (IFRS 13)
Friday, May 1, 2020 - Friday, April 30, 2021
This self-study course identifies accounting standards development projects in the IASB work plan and recently-completed joint projects with FASB. This course addresses aspects of the conceptual framework for financial reporting under IFRS and requirements of IFRS 13, Fair Value Measurement.
Identify elements of the IFRS conceptual framework Recognize the newly issued IFRS framework, highlighting conceptual changes from the previous edition Identify fair value and factors that are taekn into account when determining fair value Distinguish between the various valuation techniques that are appropriate under different circumstances Identify classification requirements of the fair value hierarchy.
Accounting and finance professionals who work for private or public multinational organizations whose parent entity or subsidiaries have adopted IFRS Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS
The objective of general-purpose financial reporting Qualitative characteristics of useful financial information Financial statements and the reporting entity The elements of financial statements Recognition and derecognition Measurement Presentation and disclosure Concepts of capital and capital maintenance Definition and determination of fair value Transport and transaction costs Valuation techniques The fair value hierarchy Guidance for financial instruments measured at fair value in accordance with IFRS 9, Financial Instruments Disclosure requirements