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.

Product information

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 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