IFRS Course

Lesson 1 • The Conceptual Framework

Covers the objective of financial reporting, qualitative characteristics, and elements of financial statements. Anchors all subsequent standards to a unified theoretical foundation.

Lesson 2 • Measurement Bases Under IFRS

Introduces historical cost, fair value, and other measurement bases used across standards. Builds the measurement vocabulary needed for all subsequent chapters.

Lesson 3 • Structure of IFRS Standards

Explains how individual standards, interpretations, and amendments are organized and updated. Students navigate the full IFRS literature confidently.

Lesson 1 • Statement of Profit or Loss and OCI

Teaches the two-statement vs. single-statement approach and classification of OCI items. Students distinguish items reclassifiable to profit or loss from those that are not.

Lesson 2 • Going Concern and Materiality

Addresses going concern assessment and the materiality concept in disclosure decisions. Students apply judgment to determine what information must be disclosed.

Lesson 3 • Statement of Financial Position

Covers classification of assets and liabilities as current or non-current and required line items. Connects measurement bases from Chapter 1 to balance sheet presentation.

Lesson 4 • Accounting Policies and Estimates

Explains selection, application, and disclosure of accounting policies and changes in estimates. Reinforces the hierarchy of guidance when no specific standard applies.

Lesson 1 • Contract Assets, Liabilities, and Disclosures

Explains the balance sheet presentation of contract assets and liabilities and required disclosures. Connects revenue recognition outcomes to financial statement presentation.

Lesson 2 • Identifying Performance Obligations

Teaches how to identify distinct goods and services within a contract. Students disaggregate bundled arrangements into separate performance obligations.

Lesson 3 • Satisfying Performance Obligations

Distinguishes point-in-time from over-time recognition and the methods for measuring progress. Students determine when control transfers to the customer.

Lesson 4 • The Five-Step Revenue Model

Introduces the complete five-step framework as the backbone of revenue recognition. Each step is defined before being applied in detail in subsequent sections.

Lesson 1 • Expected Credit Loss Impairment Model

Teaches the three-stage ECL model and simplified approach for trade receivables. Students estimate and record credit loss allowances using forward-looking information.

Lesson 2 • Derecognition and Disclosure

Covers derecognition criteria for financial assets and liabilities and required disclosures. Students assess whether transfers qualify for derecognition or remain on-balance-sheet.

Lesson 3 • Scope and Classification of Financial Instruments

Defines financial assets, liabilities, and equity instruments and their classification categories. Establishes the classification logic that drives all subsequent measurement decisions.

Lesson 4 • Initial and Subsequent Measurement

Covers initial recognition at fair value and subsequent measurement rules per category. Students calculate carrying amounts for amortized cost and fair value instruments.

Lesson 1 • Recognition and Measurement of PP&E

Covers initial recognition, cost components, and subsequent measurement models for tangible assets. Connects to the measurement bases introduced in Chapter 1.

Lesson 2 • Lessee Accounting

Covers initial and subsequent measurement of right-of-use assets and lease liabilities. Students prepare journal entries for commencement, depreciation, and interest.

Lesson 3 • Lessor Accounting

Applies finance and operating lease accounting from the lessor's perspective. Students recognize lease income and net investment in lease correctly.

Lesson 4 • Depreciation, Impairment, and Disposal

Teaches depreciation methods, impairment testing for individual assets, and derecognition. Students calculate depreciation charges and impairment losses accurately.

Lesson 1 • Impairment Testing: CGU and Goodwill

Teaches cash-generating unit identification, recoverable amount calculation, and goodwill allocation. Students perform annual impairment tests and record losses correctly.

Lesson 2 • Amortization and Revaluation of Intangibles

Covers finite vs. indefinite useful life assessment and amortization methods. Students apply the revaluation model where an active market exists.

Lesson 3 • Recognition and Measurement of Intangibles

Defines intangible assets, recognition criteria, and the research vs. development distinction. Students determine which internally generated costs qualify for capitalization.

Lesson 1 • Current and Deferred Tax Accounting

Covers current tax calculation and the temporary difference approach to deferred tax. Students identify taxable and deductible temporary differences across common transactions.

Lesson 2 • Deferred Tax: Complex Scenarios

Extends deferred tax to business combinations, OCI items, and intragroup transactions. Students handle deferred tax in consolidated and complex reporting contexts.

Lesson 3 • Short-Term and Long-Term Employee Benefits

Covers short-term benefits, termination benefits, and defined contribution plan accounting. Students recognize and measure obligations for common employee benefit arrangements.

Lesson 4 • Provisions, Contingent Liabilities, and Assets

Teaches recognition criteria, measurement, and disclosure for provisions and contingencies. Students distinguish provisions from contingent liabilities and apply the best estimate.

Lesson 1 • Consolidation Procedures

Covers line-by-line aggregation, elimination of intragroup transactions, and non-controlling interests. Students prepare a consolidated statement of financial position from scratch.

Lesson 2 • Control and the Consolidation Principle

Defines control using the power, exposure, and link model and identifies subsidiaries. Students assess control in complex structures including de facto control and potential voting rights.

Lesson 3 • Associates and the Equity Method

Applies the equity method to investments in associates and significant influence assessment. Students adjust carrying amounts for post-acquisition profits, losses, and OCI.

Lesson 4 • Joint Arrangements

Distinguishes joint operations from joint ventures and applies the appropriate accounting method. Students recognize assets, liabilities, and revenues for joint operations directly.