International Financial Reporting Standards - Deep Dive

Comprehensive exploration of the IFRS conceptual framework, key standards, and advanced topics for finance professionals

What you'll learn

Explain the structure and purpose of the IFRS Foundation, IASB, and the IFRS conceptual framework for consistent standard-setting.

Differentiate IFRS from local GAAP frameworks, evaluate their principles-based versus rules-based approaches, and assess comparability implications.

Apply recognition, measurement, and disclosure requirements of major IFRS standards including IFRS 15, IFRS 16, IFRS 9, IFRS 13, and IFRS 3.

Analyze IFRS 10 consolidation controls, apply IFRS 11 and IAS 28 accounting for joint arrangements and associates, and prepare consolidated financial statements

Requirements

Basic understanding of accounting principles; familiarity with financial statements; proficiency with Excel or financial analysis tools; willingness to engage with complex theoretical concepts.

Description

Unlock the world of International Financial Reporting Standards (IFRS) with our comprehensive theoretical exploration. In this course, you will embark on a structured journey through the IFRS Conceptual Framework, major recognition and measurement standards, consolidation procedures, and disclosure principles. Designed for finance professionals, accountants, auditors, and advanced students, IFRS Unveiled bridges the gap between academic theory and practical application by providing clear explanations, real-world examples, and detailed discussions.Starting with an introduction to the IFRS Foundation and the IASB, you will examine governance structures, standard development processes, and the interplay between global regulators. You will trace the evolution and global adoption of IFRS, study IFRS 1 for first-time adopters, and compare IFRS to local GAAP frameworks to understand convergence efforts and comparability challenges. By mastering the objectives, qualitative characteristics, recognition criteria, and measurement bases in the Conceptual Framework, you will build a solid foundation for interpreting any standard.In the core modules, we dive deep into critical IFRS standards. You will decode the five-step revenue recognition model in IFRS 15, apply the single-lessee model in IFRS 16 leases, and navigate classification and impairment rules under IFRS 9 Financial Instruments. We cover fair value measurement hierarchies in IFRS 13, business combination accounting under IFRS 3, and the recognition and measurement of property, plant, equipment, and intangible assets under IAS 16 and IAS 38. You will also explore provisions, contingencies, and income taxes under IAS 37 and IAS 12, and understand share-based payment accounting in IFRS 2.Our consolidation and disclosure section illuminates IFRS 10 control criteria, consolidation adjustments, and full versus proportionate goodwill methods. You will analyze joint arrangements and associates under IFRS 11 and IAS 28, master IFRS 12 disclosure requirements for interests in other entities, and learn segment reporting under IFRS 8 alongside financial instrument disclosures in IFRS 7. We conclude with specialized topics including employee benefits (IAS 19), foreign currency translation (IAS 21), and insurance contracts under IFRS 17.By the end of this course, you will confidently prepare, analyze, and interpret IFRS-compliant financial statements, apply conceptual rationale to accounting judgments, and stay informed on emerging IFRS developments. Interactive quizzes and practical assignments will reinforce your understanding and ensure mastery of core principles. Note: This course is not official exam preparation and is not affiliated with the IFRS Foundation or the International Accounting Standards Board. All content is based on publicly available information. Enroll now and strengthen your IFRS expertise for career advancement and professional excellence!

Overview

Section 1: Intro

Lecture 1 Hello

Section 2: IFRS Foundations and Conceptual Framework

Lecture 2 IFRS Foundation & IASB Structure

Lecture 3 Evolution, Adoption & First-Time Adoption (IFRS 1)

Lecture 4 IFRS vs Other GAAP

Lecture 5 Conceptual Framework Overview

Lecture 6 Objectives & Qualitative Characteristics

Lecture 7 Elements of Financial Statements

Lecture 8 Recognition, Derecognition & Measurement Principles

Lecture 9 Presentation & Disclosure Framework

Section 3: Major IFRS Standards: Recognition & Measurement

Lecture 10 IFRS 15 – Revenue from Contracts with Customers

Lecture 11 IFRS 16 – Leases

Lecture 12 IFRS 9 – Financial Instruments

Lecture 13 IFRS 13 – Fair Value Measurement

Lecture 14 IFRS 3 – Business Combinations

Lecture 15 IAS 16 & IAS 38 – PPE & Intangible Assets

Lecture 16 IAS 37 & IAS 12 – Provisions, Contingencies & Income Taxes

Lecture 17 IFRS 2 – Share-Based Payment

Section 4: Consolidation, Disclosure & Special Topics

Lecture 18 IFRS 10 – Consolidated Financial Statements

Lecture 19 IFRS 11 & IAS 28 – Joint Arrangements & Associates

Lecture 20 IFRS 12 – Disclosure of Interests in Other Entities

Lecture 21 IAS 19 – Employee Benefits

Lecture 22 IAS 21 – Effects of Changes in Foreign Exchange Rates

Lecture 23 IFRS 17 – Insurance Contracts

Section 5: Summary & Conclusions

Lecture 24 Congratulations & Next Steps

Finance professionals, accountants, auditors, MBA and graduate finance students seeking a rigorous theoretical foundation in IFRS concepts and standards for improved reporting, analysis, and decision-making.