International Financial Reporting Standards (IFRS) are developed and maintained by the International Accounting Standards Board (IASB). The overriding requirement of IFRS is to fairly present financial statements. This course provides an overview of the conceptual framework and other significant general considerations applied in the preparation and fair presentation of IFRS financial statements.
Prerequisites
<p>No advanced preparation or prerequisites are required for this course.</p>
Learning Objective
- Explore the Conceptual Framework of Financial Reporting that underlies the preparation and fair presentation of financial statements.
- Discover the principles of the going concern basis of presentation.
- Recognize the general form and content of financial statements.
- Explore the principles of fair value measurementÂ
Last updated/reviewed: July 24, 2025
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Jennifer Louis
CPA, President of Emergent Solutions Group LLC
INTRODUCTION AND OVERVIEW
- Introduction to General Considerations for Preparing Financial Statements in Accordance with IFRS 1:13
- Conceptual Framework of Financial Reporting 6:39
- Going Concern Basis of Presentation 7:48
- General Form and Content of Financial Statements 5:38
- Principles of Fair Value Measurement 8:23
- Principles of Fair Value Measurement Continued 10:21
CONTINUOUS PLAY
SUPPORTING MATERIALS
- Slides: General Considerations for Preparing Financial Statements in Accordance with IFRS PDF
- General Considerations for Preparing Financial Statements in Accordance with IFRS Glossary/Index PDF
REVIEW AND TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM exam
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