IFRS 1 – Presentation of IFRS Financial Statements

Price: $47.50

CPE Credits: 5.0

Category:

Course Number: AAIFR1MW

IFRS Financial Statements

Description:
Module 1 of the IFRS Learning Module series provides a “deep dive” into the principles governing the presentation of financial statements under IFRS. This includes a review of the IASB’s Framework, which addresses the concepts underlying the information presented in IFRS financial statements. It also includes detailed discussions of the IAS 1 Presentation of Financial Statements and IAS 7 Statement of Cash Flows. Finally, this course provides an in-depth look at the joint IASB/FASB project that will result in sweeping changes to financial statement presentation in the near future.

IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (“IFRS”). IFRS represents the global accounting principles that provide the foundation for most of the world’s financial reporting. These Standards establish the recognition, measurement, presentation and disclosure requirements for transactions and events reflected in IFRS financial statements. There are 7 Modules in total.

 Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Michael Walker, CPA

Publication:  January 2013
Update:  September 2018

Format: PDF
Pages: 88

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

After completing this course, participants should be able to:

 

  • Identify financial reports that are within the scope of the IASB Framework.
  • Recognize practices that are consistent with the underlying assumptions and qualitative characteristics of financial statements prepared in accordance with the IASB Framework.
  • Describe the characteristics of general purpose financial statements required under IFRS.
  • Identify and classify the various elements of IFRS financial statements.
  • Describe the IASB/FASB joint project on financial statement presentation and its impact on financial reporting.

Description:
Module 1 of the IFRS Learning Module series provides a “deep dive” into the principles governing the presentation of financial statements under IFRS. This includes a review of the IASB’s Framework, which addresses the concepts underlying the information presented in IFRS financial statements. It also includes detailed discussions of the IAS 1 Presentation of Financial Statements and IAS 7 Statement of Cash Flows. Finally, this course provides an in-depth look at the joint IASB/FASB project that will result in sweeping changes to financial statement presentation in the near future.

IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (“IFRS”). IFRS represents the global accounting principles that provide the foundation for most of the world’s financial reporting. These Standards establish the recognition, measurement, presentation and disclosure requirements for transactions and events reflected in IFRS financial statements. There are 7 Modules in total.

 Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Michael Walker, CPA

Publication:  January 2013
Update:  September 2018

Format: PDF
Pages: 88

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

After completing this course, participants should be able to:

 

  • Identify financial reports that are within the scope of the IASB Framework.
  • Recognize practices that are consistent with the underlying assumptions and qualitative characteristics of financial statements prepared in accordance with the IASB Framework.
  • Describe the characteristics of general purpose financial statements required under IFRS.
  • Identify and classify the various elements of IFRS financial statements.
  • Describe the IASB/FASB joint project on financial statement presentation and its impact on financial reporting.
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