International Financial Reporting Standards (IFRS Course)

An IFRS (International Financial Reporting Standards) course is an educational program that aims to provide students with a comprehensive understanding of IFRS and their application in the preparation and presentation of financial statements.

The following are some of the topics that are typically covered in an IFRS course:

• Introduction to IFRS: This section provides an overview of IFRS and their role in the global financial reporting system.
• Presentation of Financial Statements: Students will learn about the format and content of financial statements prepared in accordance with IFRS.
• Revenue Recognition: This section covers the principles and practices of revenue recognition under IFRS, including the recognition of different types of revenue.
• Accounting Policies, Changes in Accounting Estimates and Errors: Students will learn about accounting policies, the process of changing accounting policies, and how to correct errors in financial statements.
• Property, Plant and Equipment (PPE): This section covers the accounting treatment of PPE under IFRS, including recognition, measurement, depreciation, and impairment.
• Intangible Assets: Students will learn about the accounting treatment of intangible assets, such as goodwill, patents, and trademarks, under IFRS.
• Financial Instruments: This section covers the accounting treatment of financial instruments, such as bonds, loans, and derivatives, under IFRS.
• Leases: Students will learn about the accounting treatment of leases under IFRS, including the recognition, measurement, and disclosure requirements.
• Consolidation and Business Combinations: This section covers the accounting treatment of consolidated financial statements and business combinations under IFRS.
• Disclosures and Financial Statement Analysis: Students will learn about the disclosure requirements under IFRS and how to analyze financial statements prepared in accordance with IFRS.

Overall, an IFRS course is designed to provide students with a comprehensive understanding of IFRS and their application in the preparation and presentation of financial statements.

This course typically includes lectures, case studies, and practical exercises to help students apply IFRS principles in real-world scenarios.