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IFRS: The Conceptual Framework for Financial Reporting and Fair Value Measurement (IFRS 13) Logo aicpa

  $39.00 - 49.00 |   CPE: 1.0 |   AICPA |   Apr 2019 |   Accounting |   AICPA Store
Who Will Benefit
  • Accounting and finance professionals who work for private or public multinational organizations whose parent entity or subsidiaries have adopted IFRS
  • Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS
Learning Objectives
  • Identify elements of the IFRS conceptual framework.
  • Recognize the newly issued IFRS framework, highlighting conceptual changes from the previous edition.
  • Identify fair value and factors that are taken into account when determining fair value.
  • Distinguish between the various valuation techniques that are appropriate under different circumstances.
  • Identify classification requirements of the fair value hierarchy.

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.

This self-study course identifies accounting standards development projects in the IASB work plan and recently-completed joint projects with FASB. This course addresses aspects of the conceptual framework for financial reporting under IFRS, including the following:

  • The objective of general-purpose financial reporting
  • Qualitative characteristics of useful financial information
  • Financial statements and the reporting entity
  • The elements of financial statements
  • Recognition and derecognition
  • Measurement
  • Presentation and disclosure
  • Concepts of capital and capital maintenance

This course also addresses requirements of IFRS 13, Fair Value Measurement, including the following:

  • Definition and determination of fair value
  • Transport and transaction costs
  • Valuation techniques
  • The fair value hierarchy
  • Guidance for financial instruments measured at fair value in accordance with IFRS 9, Financial Instruments
  • Disclosure requirements

This course includes interactive learning elements, video content, and real-life application through case studies.

Note: Individual courses purchased within the last year can be applied toward the purchase of the IFRS Certificate Program.

Topics covered:
  • Management accounting: Technical: Financial accounting & reporting: Professional accounting standards, Foundational
  • Financial accounting & reporting: Technical: International Financial Reporting Standards, Foundational
  • Financial accounting & reporting: Technical: International Financial Reporting Standards, Intermediate


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