This course is part of the IFRS Certificate Program – a comprehensive, integrated curriculum that will give you the basic training, knowledge, and practical guidance in international accounting standards that are necessary in today's global business environment. Credit for individual courses purchased can be applied to the full program. Click here for information on the complete program.
The purpose of this course is to familiarize you with the Preface, the Conceptual Framework, and forthcoming updates to the framework. International Financial Reporting Standards (IFRSs) are to be interpreted in the context of the Preface to International Financial Reporting Standards and The Conceptual Framework for Financial Reporting, which address the concepts underlying the information presented in general purpose financial statements. IFRSs set out definitions of key concepts as well as recognition, measurement, presentation, and disclosure requirements for financial statements.
Upon completion of this course, you will be able to: