IFRS®: Accounting Policies, Changes in Accounting Estimates and Errors (IAS 8); Noncurrent Assets Held for Sale and Discontinued Operations (IFRS 5); and Provisions, Contingent Liabilities and Contingent Assets (IAS 37)
Accounting policies, non-current assets, and provisions under international accounting standards IAS 8, IFRS 5, and IAS 37 are covered to help you ensure accurate financial reporting.
Format
Online
NASBA Field of Study
Accounting
Level
Basic
CPE Credits
2
Author(s)
AICPA and CIMA staff, Helen Kerrigan
Availability
1 year
Product Number
IFRSCERTC25SSO
Establishing a strong foundation in international accounting standards
Understanding the basic concepts and principles that underlie international accounting standards is an important part of your work with the global market. In this course, you can learn about applying and managing the following standards:
- IAS 8, Accounting Policies, Changes in Accounting Estimates and Errors
- IFRS 5, Non-current Assets Held for Sale and Discontinued Operations
- IAS 37, Provisions, Contingent Liabilities and Contingent Assets
Working knowledge of these standards will empower you to confidently apply them when necessary.
Why is IFRS relevant to you?
Many of the world's largest capital markets require or permit the use of International Financial Reporting Standards®.
Whatever your location, you could easily find yourself with a client subject to IFRS requirements.
Understanding IFRS requirements will enable you to effectively compete in the modern business world.
Hands-on learning to enhance comprehension
The interactive learning elements and real-life examples will help you implement the key concepts you learn in this course.
The real-world case studies in this course will help you apply IAS 8, IFRS 5, and IAS 37 requirements to better assist your clients who have adopted IFRS Standards.
This course is part of the IFRS Certificate Program — a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.
Who Will Benefit
- Accounting and finance professionals who work for private or public multinational organizations that have adopted IFRS Standards.
- Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS Standards.
Key Topics
- IAS 8, Accounting Policies, Changes in Accounting Estimates and Errors
- IFRS 5, Non-current Assets Held for Sale and Discontinued Operations
- IAS 37, Provisions, Contingent Liabilities and Contingent Assets
- Changes and corrections in accounting policies and accounting estimates
- Classifying, measuring, and presenting items as held for sale
- Accounting for noncurrent assets, disposal groups, and discontinued operations
- Recognition criteria and measurement bases
- Related disclosures
Learning Outcomes
- Identify the criteria for selecting and changing accounting policies, and the resulting implications for financial statements, under IAS 8, Basis of Preparation of Financial Statements.
- Identify the classification, measurement, and presentation criteria for assets subject to IFRS 5, Non-current Assets Held for Sale and Discontinued Operations.
- Identify the accounting treatment for provisions, contingent liabilities, and contingent assets, as well as the related disclosure requirements, under IAS 37, Provisions, Contingent Liabilities and Contingent Assets.
Group ordering for your team
2 to 5 registrants
Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.
Start order6+ registrants
We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)
The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.