IFRS Standards Analyst Course

Lesson 1 • Measurement Bases Under IFRS

Introduces historical cost, fair value, and other measurement bases defined in the framework. Connects measurement choice to financial statement outcomes.

Lesson 2 • Origins and Governance of IFRS

Traces IFRS from its origins to the current standard-setting body and due-process model. Establishes why global convergence matters for analysts.

Lesson 3 • The Conceptual Framework

Examines the objective of financial reporting, qualitative characteristics, and the elements of financial statements. Anchors all subsequent standard-specific study.

Lesson 1 • Statement of Financial Position

Covers classification of assets and liabilities as current or non-current and minimum line-item requirements. Links balance sheet structure to liquidity and solvency analysis.

Lesson 2 • Components of a Complete Set of Statements

Identifies all required statements and their interrelationships under IFRS. Provides the structural map used throughout the course.

Lesson 3 • Statement of Cash Flows

Details direct and indirect methods for operating activities and classification rules for investing and financing flows. Connects cash flow analysis to accrual-based statements.

Lesson 4 • Notes, Disclosures, and Accounting Policies

Covers mandatory note structure, significant judgment disclosures, and changes in accounting policies. Equips analysts to evaluate transparency and comparability.

Lesson 1 • Revenue Disclosures and Practical Expedients

Reviews required quantitative and qualitative revenue disclosures and permitted simplifications. Enables analysts to assess disclosure completeness and policy choices.

Lesson 2 • Performance Obligations and Control Transfer

Distinguishes point-in-time from over-time recognition and explains control-transfer indicators. Directly impacts revenue timing and period allocation.

Lesson 3 • Contract Assets, Liabilities, and Costs

Explains the balance sheet presentation of contract assets and liabilities and the capitalization of contract costs. Links revenue recognition to working capital analysis.

Lesson 4 • Variable Consideration and Constraints

Covers estimation methods for variable amounts and the constraint on including uncertain revenue. Prevents overstatement of revenue in analyst models.

Lesson 1 • Intangible Assets

Distinguishes identifiable intangibles from goodwill and covers recognition criteria for internally generated assets. Highlights key differences from tangible asset accounting.

Lesson 2 • Inventories

Covers cost formulas, net realisable value write-downs, and reversal rules for inventories. Connects inventory policy choices to gross margin and working capital metrics.

Lesson 3 • Property, Plant, and Equipment

Covers initial recognition, cost model, revaluation model, and component depreciation. Establishes the foundation for capital-intensive industry analysis.

Lesson 4 • Impairment of Assets

Applies the impairment testing process including cash-generating unit identification and recoverable amount calculation. Enables analysts to assess write-down risk.

Lesson 1 • Hedge Accounting Fundamentals

Introduces fair value, cash flow, and net investment hedges and their qualifying criteria. Enables analysts to understand how hedging affects reported results.

Lesson 2 • Classification of Financial Assets

Explains the business model and cash flow characteristic tests that drive classification into amortised cost, FVOCI, or FVTPL. Directly affects reported earnings volatility.

Lesson 3 • Expected Credit Loss Impairment Model

Details the three-stage ECL model, simplified approach, and required disclosures. Equips analysts to evaluate provisioning adequacy in financial institutions.

Lesson 4 • Classification and Measurement of Financial Liabilities

Covers amortised cost as the default for liabilities and the own-credit-risk treatment under the fair value option. Prevents misreading of liability fair value gains.

Lesson 1 • Lessee Accounting for Leases

Covers right-of-use asset and lease liability recognition, subsequent measurement, and short-term exemptions. Enables analysts to capitalise operating leases for comparability.

Lesson 2 • Lessor Accounting for Leases

Distinguishes finance leases from operating leases from the lessor perspective and covers manufacturer or dealer lessor accounting. Completes the lease accounting picture.

Lesson 3 • Share-Based Payment

Covers equity-settled and cash-settled share-based payment recognition and measurement at grant date. Links compensation expense to dilution and cash flow analysis.

Lesson 4 • Provisions and Contingent Liabilities

Applies recognition criteria, best-estimate measurement, and discounting rules for provisions. Distinguishes provisions from contingent liabilities for disclosure purposes.

Lesson 1 • Consolidation Procedures

Covers line-by-line aggregation, intercompany elimination, and non-controlling interest measurement. Enables analysts to understand what consolidation adds and removes.

Lesson 2 • Business Combinations and Goodwill

Applies the acquisition method including fair value of consideration, identifiable net assets, and goodwill calculation. Directly relevant to M&A analysis and goodwill impairment.

Lesson 3 • Changes in Ownership Interests

Covers accounting for step acquisitions, partial disposals, and loss of control. Prepares analysts to interpret complex group restructuring transactions.

Lesson 4 • Associates and Joint Arrangements

Applies the equity method for associates and distinguishes joint operations from joint ventures. Enables analysts to assess off-balance-sheet investment exposure.

Lesson 1 • Accounting Policy Choices and Their Effects

Examines how permissible IFRS policy choices affect comparability and key financial ratios. Builds the analytical habit of normalising for policy differences.

Lesson 2 • Earnings Management Detection

Identifies accrual-based and real earnings management techniques within IFRS constraints. Equips analysts to flag low-quality or manipulated reported earnings.

Lesson 3 • IFRS in Valuation and Credit Analysis

Connects IFRS-based financial data to discounted cash flow models and credit metrics. Completes the analyst's ability to translate accounting into investment decisions.

Lesson 4 • Analytical Adjustments for IFRS Statements

Applies standardised adjustments to normalise operating leases, pensions, and off-balance-sheet items. Produces adjusted metrics comparable across reporting entities.