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There are 4 modules in this course
Learn how first-time adoption, regulatory accounting, disclosures, and reporting requirements shape transparent financial statements. This course helps learners build practical accounting knowledge for transition reporting, recognition, measurement, and case-based financial reporting decisions.
The course begins with the foundations of first-time adoption, helping learners understand the purpose, scope, and transition framework used when organizations move to global reporting standards. Learners will explore key adoption concepts and build a strong base for interpreting financial statements during transition.
As the course progresses, learners examine disclosure requirements, comparative reporting, reconciliations, and revision concepts that support transparency and consistency in financial reporting. Practical examples help learners understand how financial information is presented and explained during adoption.
The course also includes real-world applications and case-based learning, allowing learners to connect accounting principles with professional reporting decisions. Advanced sections cover regulatory deferral accounting, recognition, measurement, impairment, group accounting, and presentation requirements.
What makes this course unique is its structured progression from foundational adoption concepts to advanced regulatory accounting applications. By the end of the course, learners will be able to interpret adoption requirements, analyze disclosures, apply regulatory accounting principles, and support accurate financial reporting in accounting, auditing, and finance roles.
This module introduces the fundamentals of International Financial Reporting Standards (IFRS) and IFRS 1, focusing on its purpose, scope, and transition framework to help learners build a strong conceptual foundation for first-time adoption.
What's included
8 videos4 assignments
Show info about module content
8 videos•Total 40 minutes
Introduction to IFRS•10 minutes
What this IFRS 1 all About•4 minutes
Objective of IFRS•1 minute
IFRS Scope•5 minutes
Local Gap•5 minutes
IFRS Timeline•4 minutes
IFRS Requirements•3 minutes
IFRS Exemptions and Exceptions•8 minutes
4 assignments•Total 60 minutes
Graded - Foundations of IFRS 1 Adoption•30 minutes
Understanding IFRS and Its Purpose•10 minutes
Scope and Transition Landscape•10 minutes
Core Requirements of IFRS 1•10 minutes
Disclosures, Comparatives, and Revision
Module 2•1 hour to complete
Module details
This module explores disclosure requirements, comparative reporting, and key revision concepts under IFRS 1, enabling learners to understand how financial information is presented and reconciled during transition.
What's included
6 videos3 assignments
Show info about module content
6 videos•Total 33 minutes
IFRS Disclosures•7 minutes
IFRS Disclosures Continues•4 minutes
Comparative Information•6 minutes
IFRS Quick Revision•6 minutes
IFRS Quick Revision Continue•4 minutes
Impact of new Stds on this Entity•6 minutes
3 assignments•Total 50 minutes
Graded - Disclosures, Comparatives, and Revision•30 minutes
Mastering IFRS Disclosures•10 minutes
Quick Revision and Impact Analysis•10 minutes
Practical Applications and Case-Based Learning
Module 3•2 hours to complete
Module details
This module focuses on real-world applications of IFRS 1 concepts through case studies, regulatory scenarios, and examples, helping learners translate theoretical knowledge into practical accounting decisions.
What's included
7 videos4 assignments
Show info about module content
7 videos•Total 34 minutes
Assets Purchased•4 minutes
Application of FV Hedges Date Traditions•4 minutes
Working on Example 5•5 minutes
Introduction to Regulatory Deferral Accounts•4 minutes
Scope Flow Chart•5 minutes
Key Definitions•7 minutes
Key Definitions Continues•5 minutes
4 assignments•Total 60 minutes
Practical Applications and Case-Based Learning•30 minutes
Asset and Hedge Accounting Applications•10 minutes
Hands-on Example and Regulatory Concepts•10 minutes
Understanding Scope and Definitions•10 minutes
Recognition, Measurement, and Advanced Topics
Module 4•2 hours to complete
Module details
This module covers advanced IFRS 14 topics, including recognition, measurement, impairment, group accounting, and presentation, enabling learners to handle complex financial reporting scenarios effectively.
What's included
11 videos4 assignments
Show info about module content
11 videos•Total 53 minutes
Recognition and Measurement•7 minutes
More on Recognition and Measurement•4 minutes
Initial Recognition and Measurement•7 minutes
Subsequent Period•5 minutes
Service Concession Arrangements•4 minutes
Income tax•2 minutes
Impairment•5 minutes
Group Considerations•5 minutes
Presentations•4 minutes
Disclosures•7 minutes
Conclusion•4 minutes
4 assignments•Total 40 minutes
Recognition, Measurement, and Advanced Topics•10 minutes
Recognition and Measurement Framework•10 minutes
Subsequent Measurement and Special Topics•10 minutes
Group Reporting, Presentation, and Closure•10 minutes
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