Advanced IFRS — Illustrated Study Guide (Professional)

An advanced, example-driven study guide for the IFRS Professional certification. Six modules build genuine competence on the hardest standards: IFRS 9 classification, measurement and the effective interest rate, with IAS 32 compound instruments split in full; the expected-credit-loss impairment model, hedge accounting and IFRS 7; business combinations under IFRS 3 with goodwill worked under both the full and proportionate NCI methods; consolidation mechanics, intra-group eliminations, the IAS 28 equity method and IFRS 11 joint arrangements; IAS 19 employee benefits and IFRS 2 share-based payment; and IFRS 13 fair value, IAS 21 foreign currency, IAS 33 earnings per share, IFRS 5 and IFRS 8. Rich with Mermaid diagrams, journal entries, fully worked numeric examples and hands-on labs.

Key facts

• Course price: Free
• Field: Finance & Accounting
• Prepares for: IFRS — Professional
• 6 modules · 12 lessons · about 3 hours of lessons
• Self-paced, online, illustrated lessons

Course outline

1. Financial Instruments I: Classification, Measurement & Compound Instruments — IFRS 9 classification (the business-model and SPPI tests), amortised cost / FVOCI / FVTPL, the effective interest rate with a worked amortisation table, and IAS 32 liability-versus-equity with split…
   • IFRS 9 Classification and Measurement
   • The Effective Interest Rate and Compound Instruments (IAS 32)
2. Financial Instruments II: Impairment, Hedging & Disclosure — The IFRS 9 expected-credit-loss model with its three stages, 12-month versus lifetime ECL and the simplified approach for trade receivables (with a worked provision matrix); an introduction to hedge…
   • The Expected Credit Loss Model
   • Hedge Accounting and IFRS 7 Disclosures
3. Business Combinations (IFRS 3) — The acquisition method: identifying the acquirer, measuring identifiable assets and liabilities at fair value, goodwill under the full and proportionate NCI methods (worked), contingent…
   • The Acquisition Method and Goodwill
   • Contingent Consideration, the Measurement Period & Bargain Purchase
4. Consolidations — IFRS 10 control and consolidation mechanics, intra-group eliminations and unrealised profit in inventory (worked), the IAS 28 equity method for associates (worked), IFRS 11 joint arrangements and…
   • Control and Consolidation Mechanics (IFRS 10)
   • Associates, Joint Arrangements & IFRS 12
5. Employee Benefits & Share-Based Payment — IAS 19 defined-contribution versus defined-benefit plans, the net defined-benefit liability, service cost, net interest and remeasurements to OCI; and IFRS 2 equity-settled versus cash-settled…
   • Employee Benefits (IAS 19)
   • Share-Based Payment (IFRS 2)
6. Fair Value, Foreign Currency & Presentation — IFRS 13 fair value and the Level 1-3 hierarchy with highest and best use; IAS 21 functional versus presentation currency and the retranslation of monetary items; IAS 33 basic and diluted EPS…
   • Fair Value (IFRS 13) and Foreign Currency (IAS 21)
   • EPS (IAS 33), Held for Sale (IFRS 5) & Segments (IFRS 8)