IFRS

Introduction to IFRS and IFRS Financial Statements v2.0

This course provides an overview of the International Accounting Standards Board (IASB), an introduction to t he International Financial Reporting Standards IFRS), and discussion of five IFRS standards concerning financial statements.  These five standards include 1) IFRS 1, First Time Adoption of IFRS, 2) IAS 1, Presentation of IFRS Financial Statements, 3) IAS 27, Separate Financial Statements, 4, Consolidated Financial Statements, and 5) Business Combinations.

Learning Objectives:

  • Describe the form and structure of the IASB
  • Identify the IFRS accounting standards issued by the IASB
  • Describe the requirements associated with IFRS 1 – First Time Adoption of IFRS
  • Describe the IFRS accounting guidance found in IAS 1 – Presentation of IFRS Financial Statements
  • Identify and describe the related IFRS financial statement guidance found in topics IAS 27, IFRS 10 and IFRS 3


Prerequisites/Advanced Preparation:

Basic understanding of the form and content of financial statements


Speaker / Author:

John M. Fleming, licensed as a CPA in Pennsylvania, has served as the President and Director of Accounting and Auditing for Kaplan Financial Education, powered by Loscalzo Institute and also as the Director of Content Development for Kaplan Financial Education, powered by SmartPros. John retired from Kaplan in October of 2017. In retirement, John continues to provide seminars as a discussion leader for Kaplan Financial Education on a part-time basis.

John's prior practice experience includes audit, tax, consulting, office management, and human resource responsibilities with Deloitte LLP, Richard Eisner & Company LLP, and Ernst & Young LLP. John is a graduate of LaSalle and Drexel Universities with degrees in accounting and finance.

John served as the 1999/2000 President of the 8,300 member Greater Philadelphia Chapter of the Pennsylvania Institute of Certified Public Accountants (PICPA). In 2006, the PICPA recognized John as a Joseph E. Sterrett Fellow for his contributions to the accounting profession and in 2007, the Philadelphia Chapter recognized John with their Champion Award for his contributions to the PICPA, Chapter, profession and community. John has also served as the 2002/2003 President of the American Accounting Association's Mid-Atlantic Region.

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Price (USD)

Standard: $24.95

Details

Course Code : 99FLE43-v2

Release Date : 07/02/2024
Expire Date : 05/31/2026
Credits :
CPE 1.00
QAS 1.00

Length : 50min
Course Level : Basic
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

Theme : IFRS

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