IFRS®: The Conceptual Framework for Financial Reporting and Fair Value Measurement (IFRS 13)
The IFRS Conceptual Framework for Financial Reporting and IFRS 13, *Fair Value Measurement* are explored for accounting and finance professionals subject to IFRS requirements.
Format
Online
NASBA Field of Study
Accounting
Level
Basic
CPE Credits
1.5
Author(s)
AICPA and CIMA staff, Helen Kerrigan
Availability
1 year
Product Number
IFRSCERTASSO25SSO
IFRS basic principles
Knowing the basic principles that underpin the IFRS conceptual framework will help you to better understand the IFRS requirements and how they are reflected in the International Financial Reporting Standards®.
Key concepts you'll explore include:
- General purpose financial reporting objectives
- Capital and capital maintenance
- Definition and determination of fair value
- Valuation techniques
Why IFRS is relevant to you
Many of the world's largest capital markets require or permit the use of International Financial Reporting Standards (IFRS).
Whatever your location, you could easily find yourself with a client subject to IFRS requirements.
Understanding IFRS requirements will help you better assist clients subject to these standards and enable you to effectively compete in the modern business world.
Hands on learning to enhance your skills
Interactive learning elements and real-life examples will deepen your understanding so you can implement these concepts in practice.
Applying the conceptual framework and IFRS 13 guidelines to real-world case studies will better prepare you to assist clients subject to IFRS requirements.
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.
Who Will Benefit
- Accounting and finance professionals who work for private or public multinational organizations that have adopted IFRS standards.
- Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS standards.
Key Topics
- General purpose financial reporting objectives
- Qualitative characteristics of useful financial information
- Recognition, derecognition and measurement
- Presentation and disclosure
- Concepts of capital and capital maintenance
- Definition and determination of fair value
- Valuation techniques
- Guidance for financial instruments measured at fair value in accordance with IFRS 9, Financial Instruments
Learning Outcomes
- Identify how the conceptual framework is reflected in IFRS standards.
- Recall what fair value is and the factors that are considered when determining fair value.
- Recall how IFRS 13 is applied to financial assets, liabilities and an entity's own equity instruments.
- Identify the various valuation techniques and the different levels of the fair value hierarchy.
Group ordering for your team
2 to 5 registrants
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Start order6+ registrants
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US customers call 1-800-634-6780 (option 1)
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