0
Author: |
Michael J Walker, CPA |
Course Length: |
Pages: 27 ||| Word Count: 8472 ||| Review Questions: 20 ||| Final Exam Questions: 10 |
CPE Credits: |
2.0 |
IRS Credits: |
0 |
Price: |
$17.95 |
Passing Score: |
70% |
Course Type: |
Text |
Technical Designation: |
Technical |
Field Of Study: |
Accounting |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
Module 1 of the IFRS Learning Module series presents an overview of how to properly present financial statements under IFRS, applying the IASB Framework and standards such as IAS 1 and IAS 7.
|
Frequently Asked Questions: |
|
Description: |
IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (“IFRS”). IFRS represents the global accounting principles that provide the foundation for most of the world’s financial reporting. These Standards establish the recognition, measurement, presentation and disclosure requirements for transactions and events reflected in IFRS financial statements. Module 1 of the IFRS Learning Module series provides a “deep dive” into the principles governing the presentation of financial statements under IFRS. This includes a review of the IASB’s Framework, which addresses the concepts underlying the information presented in IFRS financial statements. It also includes detailed discussions of the IAS 1 Presentation of Financial Statements and IAS 7 Statement of Cash Flows. |
Usage Rank: |
17143 |
Release: |
2023 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
Internal: IFRS Learning Module 3: Events After the Reporting Period
Internal: IFRS Learning Module 4: Inventories
External: IAS 1 Presentation of Financial Statements (official IFRS standard)
External: IFRS
|
Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
05-Jan-2026 |
NASBA Course Declaration: |
Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Keywords: |
IFRS Learning Module 1: Presentation of IFRS Financial Statements - CPE course for CPAs |
Learning Objectives: |
Module Learning Objectives After studying this module participants should be able to:
|
Course Contents: |
Module 1: Presentation of IFRS Financial Statements 1.0 Framework for the Preparation and Presentation of Financial Statements 1.1 Purpose and status 1.2 Scope 1.3 The objective of financial statements 1.4 Underlying assumptions 1.5 Qualitative characteristics of financial statements 1.6 The elements of financial statements 1.7 Recognition of the elements of financial statements 1.8 Measurement of the elements of financial statements 1.9 Concepts of capital and capital maintenance 2.0 Introduction to IAS 1 2.1 Scope 2.2 Definitions 2.3 Complete set of IFRS financial statements 2.4 Fair presentation and compliance with IFRSs 2.5 Going concern 2.6 Accrual basis of accounting 2.7 Materiality and aggregation 2.8 Frequency of reporting 2.9 Comparative information 2.10 Consistency of presentation 3.0 IFRS Financial Statements 3.1 Statement of Financial Position 3.2 Statement of Comprehensive Income 3.3 Statement of Changes in Equity 3.4 Statement of Cash Flows 3.5 Notes to the Financial Statements 4.0 Module Summary Glossary |
Login/Register