Credit Info
  • NASBA Field of Study


  • Format

    On demand

  • Level


  • CPE Credit


  • Course acronym

  • Prerequisites

    Familiarity with financial reporting and accounting principles under IFRS

  • Course duration

    1 Hour

IFRS: The Conceptual Framework for Financial Reporting and Fair Value Measurement (IFRS 13)

SKU: IFRS_19A_1 Category: Tag:
This self-study course identifies accounting standards development projects in the IASB work plan and recently-completed joint projects with FASB. This course addresses aspects of the conceptual framework for financial reporting under IFRS and requirements of IFRS 13, Fair Value Measurement.
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Topics discussed

The objective of general-purpose financial reporting
Qualitative characteristics of useful financial information
Financial statements and the reporting entity
The elements of financial statements
Recognition and derecognition
Presentation and disclosure
Concepts of capital and capital maintenance
Definition and determination of fair value
Transport and transaction costs
Valuation techniques
The fair value hierarchy
Guidance for financial instruments measured at fair value in accordance with IFRS 9, Financial Instruments
Disclosure requirements

Learning objectives

Identify elements of the IFRS conceptual framework
Recognize the newly issued IFRS framework, highlighting conceptual changes from the previous edition
Identify fair value and factors that are taken into account when determining fair value
Distinguish between the various valuation techniques that are appropriate under different circumstances
Identify classification requirements of the fair value hierarchy.

Who will it benefit?

Accounting and finance professionals who work for private or public multinational organizations whose parent entity or subsidiaries have adopted IFRS
Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS