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IFRS Basics Online Training Course

This online training course teaches you the basics and gives you the background behind IFRS.

We're presently working on this course, join the early announcement list for this course to find out when this course is available. You'll also be eligible for the special launch offer.

IFRS Basics Online Course Overview

Presently there are over 113 countries around the world that use IFRS with more countries adopting IFRS as the de facto accounting standards.

This online course gives you an introduction to the background of IFRS and the basic foundational knowledge to use IFRS.

What you'll learn - course outline

I. Background on IFRS

1. History of IFRS
   1. Recent developments
      1. Countries using IFRS
2. Principles-based
3. Structure
   1. International Accounting Standards (IAS)
   2. International Financial Reporting Standards (IFRS)
   3. Standards Advisory Committee interpretations (SAC)
   4. International Financial Interpretations Committee (IRIC)
4. International Accounting Standards Committee (IASC)
   1. Mission
   2. Constitution
5. Advisory Committee
6. International Accounting Standards Board
7. Rule-making process
   1. Due process
      1. Receipt of comments from public
      2. Board meetings
         1. Cooperation with the US Financial Accounting Standards Board
            1. Norwalk Agreement
      3. Comment periods
      4. Revisions
      5. Issuance
      6. Transitional Guidance
      7. First Time Adoption impact
   2. Recent changes to due process
   3. Impact of Financial Crisis of 2008-2009
      1. FCAG – Financial Crisis Advisory Group
8. Country implementation
   1. European Commission Advisory Group (EFRAG)

II. Using IFRS

1. Principles-based
   1. Interpretation
   2. IFRS Framework
   3. Use of analogous standards
   4. Reference to other GAAP

III. Standards

1. Financial Statements
2. Accounting Policies
3. Revenue Recognition
4. Inventories
5. Provisions
6. Property, plant, and Equipment
7. Intangible Assets
8. Financial Instruments
9. Non-controlling Interests
10. Income taxes
11. Light touch on business combinations

Who should take this online course?

This course is suitable for those who need to learn the basic fundamentals of IFRS accounting standards and for those who work for companies that require reporting according to IFRS standards.

It is assumed that you have a basic accounting background to take this online course.

System Requirements

• A PC or a MAC computer
• Web Browser Software such as the latest Firefox or Internet Explorer or Safari
• Intenet connection (It is highly recommended that you have a high-speed Internet connection such as broadband/DSL)
• Computer Speakers or headphones (for courses that include audio and video)

We're presently working on this course, join the early announcement list for this course to find out when this course is available. You'll also be eligible for the special launch offer.

Why choose Ethan Hathaway online training courses?

• Practical. Learn from experienced and active industry practitioners and what's being practiced by your peers.
• Applicable. Apply what you learn in your job and your career
• Specially designed courses by industry active experts
• Valuable. Earn more revenue or save your organisation from monetary loss. You and your organisation will quickly earn back your investment on the course fee and more
• Clear. Turning complex concepts into easy to understand concepts
• You gain knowledge and skills that make you valuable to your company and your career
• On-Demand. Get immediate access to the course once you've signed up and paid. No waiting for shipping of course materials. The entire course is delivered online.
• Modular. We understand that you may only want to learn specific aspects of a topic and may not need an entire course, that's why each course is made up of smaller independent modules so you have the flexibility to choose what you want to learn.
• 24/7 access. Once you sign up for the course, you have 60 days access to your chosen course. So, you may learn at your own pace in the comfort of your own home or your work-place - as long as you have access to the Internet you can access the course.
• Save money. No travel and accommodation costs - just turn on your computer and get on the Internet and start learning right away.
• Security. All online courses are secured by special software that prevents the sharing of access details so that only paid users are allowed to access the course(s).
• Certificate of Completion. Upon completion of the online course, you will be eligible for a soft-copy (PDF format) certificate of completion. *May depend on successfully completing relevant tests.

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We're presently working on this course, join the early announcement list for this course to find out when this course is available. You'll also be eligible for the special launch offer.

Can't find an online course that's right for you?

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Join the Early Announcement List

We're presently working on this course, join the early announcement list for this course to find out when this course is available. You'll also be eligible for the special launch offer.

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