Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course provides participants with a discussion on the alternative methods of measuring assets on the Statement of Financial Position. The starting point will be the measurement bases identified in the Conceptual Framework. Next, the three levels of the fair value hierarchy for fair value measurement in IFRS 13, Fair Value Measurement. This is followed by a discussion of the measurement alternatives (if any) for specific assets on the Statement of Financial Position including inventory, property, plant and equipment, intangible assets, investment property, financial assets and biological assets. Next, an in depth discussion of initial and subsequent measurement for different alternatives, derecognition and the impact on the financial statements. Lastly, a review of relevant resources.
Participants will have the opportunity to review a number of examples and exercises. After attending this course, participants will have reviewed the alternative (if any) methods of measuring specific assets on the Statement of Financial Position and the impact on financial statements.
Topics Include:
- Overview of measurement alternatives
- Identification of measurement bases in Conceptual Framework
- Discussion of fair value hierarchy in IFRS 13, Fair Value Measurement
- Identification of measurement alternatives (if any) for specific assets on Statement of Financial Position
- Discussion of initial and subsequent measurement and derecognition for alternative measurement methods
- Discussion of impact on financial statements for alternative measurement methods
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Key Takeaways
Upon completing this course, you will be able to:
- Identify the bases of measurement in Conceptual Framework.
- Identify levels of hierarchy for fair value measurement in IFRS 13, Fair Value Measurement.
- Identify the measurement alternatives (if any) for specific assets on Statement of Financial Position.
- Explain the initial and subsequent measurement and derecognition for different measurement methods.
- Explain the impact of measurement alternatives on financial statements.
How to Access the Course
This is an online session. This course is available 24 hours a day, 7 days a week. Once registered, you can access the material at any time.
However, you will only have access to the course for 90 days after REGISTRATION.
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To access the course on your computer please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the course to appear on your BlackBoard page.
Speaker(s)
Elizabeth J. Farrell, FCPA, FCA, is an Adjunct Professor at the Schulich School of Business. In recognition of her excellence in teaching she was selected as the winner of the Seymour Schulich Award for Teaching Excellence in 1999, 2003 and 2009 and nominated for the award in 2004, 2005, 2006, 2011 and 2015. She was selected as the winner of the John Peace Teaching Award in 2002 and 2012. Elizabeth served as assistant coordinator at CPA Ontario's School of Accountancy. She has taught executive development courses for the Schulich School of Business, professional development courses for CPA Ontario and firms. Elizabeth is a co-author of Intermediate Financial Accounting.