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

Format

Course - Online

Duration

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.

Learning outcomes

• 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 taken 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.

£19.00 (CIMA members only)

£25.00

VAT calculated on checkout

Product information

Overview

This 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 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.

Who should take this course?

• 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

Professional development

This Course - Online offers 1 hours of CPE credit.
Note on CPE Requirements and Credits
All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Prerequisites:	None
Duration:	1h
Format:	Course - Online
Access:	This is a digital product. You will have access to the content for a year after purchase date.

Return and refund policy