IFRS Learning and Assessment Program

Chapter 1: Introduction

The introductory chapter sets out the background and context for the rest of the course as we look at the process of standard-setting and the underlying financial reporting framework. This includes setting out the principles of IAS 1, which provides guidance on all aspects of financial statement presentation.

Module 1: Financial Reporting Context
Module 2: Conceptual Framework for Financial Reporting
Module 3: IAS 1 Presentation of Financial Statements

Chapter 2: Tangible and intangible assets

This chapter covers the accounting for property, plant and equipment (IAS 16) and intangible assets (IAS 38), and also addresses assessing these assets for impairment and accounting for any charge (IAS 36). This includes the requirements on capitalising borrowing costs from IAS 23, and the treatment of investment properties in IAS 40.

Exploration and evaluation assets (IFRS 6) are addressed in the final section of the chapter.

Module 4: IAS 16 Property, Plant and Equipment
Module 5: IAS 23 Borrowing Costs
Module 6: IAS 40 Investment Property
Module 7: IAS 38 Intangible Assets
Module 8: IAS 36 Impairment of Assets
Module 9: IFRS 6 Exploration for and Evaluation of Mineral Resources

Chapter 3: Financial Instruments

In this chapter we examine presentation of financial instruments, their recognition and measurement under IAS 39 and IFRS 9, and the disclosure requirements of IFRS 7.

Module 10: Financial Instruments (IAS 32, IAS 39, IFRS 7 and IFRS 9) and IFRS 13 Fair Value Measurement

Chapter 4: Leases

This chapter addresses the difference between finance leases and operating leases, as well as briefly outlines future changes under IFRS 16, including:
How leases are accounted for by reference to their substance, not necessarily their legal form.
The objectives, scope, definitions and disclosure requirements of IFRS 16
The recognition exemptions for short-term leases and low-value assets
The difference between finance leases and operating leases and their respective accounting treatment by lessors.
Rental payments and the allocation of finance charges in a lease.
The different accounting treatment for leases required by a lessee and a lessor.
The treatment of sale and leaseback transactions.

Chapter 5: Business combinations and groups

This chapter runs through all the aspects of preparing accounts that include the result of more than one entity, from accounting for a business combination (IFRS 3) to preparing consolidated accounts (IFRS 10) with sections on subsidiaries (IAS 27), associates and joint ventures (IAS 28 and IFRS 11). The disclosure requirements of IFRS 12 are also addressed.

Module 12: IAS 27 Separate Financial Statements, IFRS 10 Consolidated Financial Statements and IFRS 12 Disclosure of Interests in Other Entities
Module 13: IFRS 3 Business Combinations
Module 14: IFRS 11 Joint Arrangements
Module 15: IAS 28 Investments in Associates and Joint Ventures

Chapter 6: Other balance sheet

This chapter covers the accounting for inventories (IAS 7), assets held for sale and disposal groups (IFRS 5), provisions (IAS 37) and agriculture (IAS 41).

Module 16: IAS 2 Inventories
Module 17: IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
Module 18: IAS 37 Provisions, Contingent Liabilities and Contingent Assets
Module 19: IAS 41 Agriculture

Chapter 7: Revenue

This chapter addresses revenue accounting under IFRS 15 which is effective for periods beginning on or after 1 January 2018
Module 20: IFRS 15 Revenue
Module 21: Revenue for performance over time

Chapter 8: Tax

Module 22: IAS 12 Income Taxes

Chapter 9: Other accounting topics

This widely scoped chapter addresses accounting topics that are not covered elsewhere in the materials, including selection and changing of accounting policies (IAS 8), accounting for government grants (IAS 20), employee benefits including share based payments (IAS 19 and IFRS 2), post balance sheet events (IAS 10), cash flow statements (IAS 7), operating segments (IFRS 8), interim reporting (IAS 34), insurance contracts (IFRS 4), hyperinflation (IAS 29) and the accounting by retirement benefit plans (IAS 26).

Module 23: IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
Module 24: IAS 20 Accounting for Government Grants
Module 25: IAS 19 Employee Benefits & IFRS 2 Share-based Payment
Module 26: IAS 10 Events after the Reporting Period
Module 27: IAS 21 The Effects of Changes in Foreign Exchange Rates
Module 28: IAS 7 Statement of Cash Flows
Module 29: IFRS 8 Operating Segments
Module 30: IAS 34 Interim Financial Reporting
Module 31: IAS 26 Accounting and Reporting by Retirement Benefit Plans
Module 32: IFRS 4 Insurance Contracts
Module 33: IAS 29 Financial Reporting in Hyperinflationary Economies

Chapter 10: Disclosures

This chapter addresses earnings per share (IAS 33), related parties (IAS 24) and both accounting exemptions on disclosures on transition to IFRS (IFRS 1).

Module 34: IAS 33 Earnings per Share
Module 35: IAS 24 Related Party Disclosures
Module 36: IFRS 1 First-time Adoption of IFRSs

• On average, the program takes 70 hours study time plus an assessment consisting of 60 multiple-choice questions.
• Login details will be sent via email and you can expect these within 72 hours of your registration. Once these have arrived you will have 1 year to complete the program.
• Extension of this program is available for a maximum of three months.
  Please contact learningpartners@charteredaccountantsanz.comfor further information on extensions.
• For groups of 10+ please contact learningpartners@charteredaccountantsanz.com