Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
The objective of this course is to provide participants with a solid introduction to Part I - International Financial Reporting Standards (IFRS).
This course will cover all of the International Financial Reporting Standards (IFRS) incorporated as part of CPA Canada Handbook – Accounting – Part I. The focus is on the IFRS standards that apply to most profit-oriented entities. At the end of this course you will be aware of the foundation of IFRS and be able to explain IFRS content. Examples and exercises are incorporated throughout the session for you to identify application issues.
Familiarity with CPA Handbook – Accounting Part I is useful but not required.
TOPICS INCLUDE
- Overview of IFRS
- Conceptual framework and fair value measurement
- Financial statement presentation
- Revenue
- Property plant and equipment
- Investment property
- Intangible assets
- Impairment of assets
- Leases
- Financial instruments
- Income taxes
- Liabilities
- Strategic investments and separate financial statements
- Other IFRS standards e.g. interim financial reporting, related party transactions,, employee benefits
- Specialized industries e.g. agriculture, mining, insurance, rate-regulated entities
- First-time adoption considerations
- Impact of Covid-19 on accounting
- Relevant resources
NOTE: No updates or changes were made to the 2023 version of this course. If you completed the course in 2022, please be advised the 2023 course material has not changed. If you have any questions, please contact pdevents@cpaontario.ca.
KEY TAKEAWAYS
Upon completing this course, you be able to:
- Explain the IFRS standards that apply to most profit-oriented entities.
- Identify changes to IFRS and impact on financial statements.
- Identify impact of Covid-19 on accounting policies.
- List relevant resources (with links).
WHO WILL BENEFIT
Professionals who work in financial reporting and related areas of publicly accountable enterprises or other enterprises applying IFRS, who are reading financial statements of publicly accountable enterprises, or who wish to be able to explain IFRS standards. Audit committee members who would like to gain an understanding of IFRS may also find this to be a useful seminar.
How to Access The Course
To access the course 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.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.