Udemy

Platform

English

Language

Accounting & Bookkeeping

Category

IFRS First-Time Adoption Made Easy

This course provides you with easy-to-follow guidelines for conversion to IFRS.

Students

1 hour

Content

Jun 2021

Last Update
Regular Price

Topics

EXCLUSIVE SKILLSHARE OFFER
Exclusive SkillShare Offer
Unlimited access to 30 000 Premium SkillShare courses
40%OFF ANNUAL MEMBERSHIP

What you will learn

Discover the exemptions and options available in IFRS 1 and how to decide which to take up.

Recognize what information is needed in your first IFRS financial statement.

Discover how IFRS 1 affects the timing of your conversion and reporting.

Identify recognition and measurement rules.

Recognize when retrospective restatement is required and what is involved.


Description

Leading companies recognize the need to move toward IFRS adoption in advance of any mandate. Making the transition to IFRS is not just a rote accounting exercise. Embracing these standards affects the entire company and requires the support of personnel throughout the enterprise. So getting it right is critical, especially when you consider its effect on group financial reporting activities. By understanding the potential challenges that can complicate IFRS adoption in developing a comprehensive plan to overcome these challenges, you can increase your chances for successful transition or convergence.

In planning the conversion, management must develop a detailed and specific understanding of IFRS 1's implications on their business. This hands-on workshop will provide you with easy-to-follow guidelines using a simple, easy-to-understand standard methodology that will ensure successful completion of your conversion.

This course is brought to you by Illumeo. Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job. Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination. Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.


Screenshots

IFRS First-Time Adoption Made Easy
IFRS First-Time Adoption Made Easy
IFRS First-Time Adoption Made Easy
IFRS First-Time Adoption Made Easy

Content

Introduction

Introduction to IFRS

IFRS First Time Adoption

Opening Balance Sheet, Assets and Liabilities

Optional Exceptions

Compound Financial Instruments

Presentation and No Option

Disclosures

Impairment

Rev Rec Example and Conclusion

Supporting Materials

Slides: IFRS First-Time Adoption

IFRS First-Time Adoption Glossary/Index

Review and Test

Review Questions

FINAL EXAM


1358808

Udemy ID

9/23/2017

Course created date

4/2/2021

Course Indexed date
Bot
Course Submitted by

Twitter
Telegram