IFRS: The Conceptual Framework for Financial Reporting and Fair Value Measurement (IFRS 13)

Overview:

This course is part of the IFRS Certificate Program - a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.

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, including the following:

• 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

This course also addresses requirements of IFRS 13, Fair Value Measurement, including the following:

• 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

This course includes interactive learning elements, video content, and real-life application through case studies.

Note: Individual courses purchased within the last year can be applied toward the purchase of the IFRS Certificate Program. Find out more.