IFRS Kit ProgramTour

The IFRS Kit
Take a Look Inside…
www.IFRSbox.com/ifrs-kit
Welcome!
I’m honored you’re interested in my IFRS Kit, the online IFRS
course for modern CFOs, accountants, students, teachers and
all people who need IFRS.
My main goal is to help you professionally grow while maintaining

just the right balance in your life.
Let me speed up the process of your IFRS learning, while having

lots of fun with it and I’m sure you’ll discover genuine interest and
joy in your own work, too. I am here to help you.
With love and appreciation,
Silvia Mahutova FCCA
www.IFRSbox.com/ifrs-kit Page 2
So what’s inside
the IFRS Kit?
ü ü ü
100 Video Lectures 130+ Case Studies 170+ Pages of Handouts
ü ü ü
IFRS Quizzes “IFRS In 1 Day” IFRS Conversion Course
IAS 1 Presentation of Financial Statements
Total Running Time 45 min.
Structure: 3 Video Lectures / 6 Case Studies
What You’ll Learn In This Course:
INTRO TO IFRS FINANCIAL STATEMENTS STATEMENT OF COMPREHENSIVE INCOME

ü  Why we have IFRS financial statements ü  How to report expenses “by function” and “by nature”
ü  The five components of the IFRS financial statements ü  What you need to put to your statement of CI
ü  Characteristics and features of the IFRS financial statements ü  Case study 4: How should the statement of CI look like
ü  Case study 1: Materiality and aggregation explained
ü  Case study 2: How to report comparative figures correctly STATEMENT OF CHANGES IN EQUITY
ü  What cannot be missing on any IFRS financial statements ü  What the statement of changes in equity must contain
ü  Case study 5: How should the statement of CiE look like
STATEMENT OF FINANCIAL POSITION

ü  Current and non-current items: how to distinguish them
ACCOUNTING POLICIES AND NOTES
ü  What you need to list in your notes to the financial statements
ü  What you can’t forget to put in your statement of FP
ü  How the cross-referencing works
ü  Case study 3: How should the statement of FP look like
ü  Case study 6: How to present notes and accounting policies
IAS 7 Statement of Cash Flows
Total Running Time 1 hr. 27 min.
INTRO TO STATEMENT OF CASH FLOWS FINANCING AND INVESTING PARTS

ü  Why to prepare the statement of cash flows ü  What items to include in financing and investing parts
ü  Cash and cash equivalents ü  Case study 3 continues: How to prepare financing and operating parts
ü  How to identify the statement of cash flows
ü  Three parts of the statement of cash flows THE MOST COMMON ISSUES
ü  Case study 1: How should the statement of CF look tike ü  How to report foreign exchange differences in statement of CF
ü  Case study 4: Foreign exchange adjustments in statement of CF
OPERATING PART ü  Other issues: netting off, dividends, interest
ü  What items to include in operating part
ü  Direct vs. indirect method: what they are and how to distinguish them 7 STEPS FOR YOUR STATEMENT OF CF
ü  Case study 2: How to prepare operating part by direct method ü  7 easy steps to make any statement of cash flows from scratch
STEP BY STEP ü  Case study 5: Making statement of cash flows from start to successful
ü  Case study 3: How to prepare operating part by indirect method completion, STEP BY STEP
STEP BY STEP
IAS 12 Income Taxes
CURRENT INCOME TAX DEFERRED TAX: TEMPORARY DIFFERENCES

ü  Accounting profit (loss) vs. taxable profit (loss) ü  Understand temporary differences
ü  How to calculate and account for current income tax ü  Taxable and deductible temporary differences
ü  Case study 1: Current income tax ü  Case study 4: Temporary differences of assets and liabilities
DEFERRED TAX: OVERVIEW DEFERRED TAX: MEASUREMENT AND

ü  Current tax vs. deferred tax RECOGNITION
ü  How to calculate deferred tax ü  How to measure and account for deferred tax
ü  Case study 2: How to calculate and recognize deferred tax ü  Case study 5: Measure and recognize your deferred tax
ü  Other issues related to deferred tax (investments)
DEFERRED TAX: TAX BASE DEFERRED TAX: PRESENTATION AND

ü  Tax base, its’ substance and calculation DISCLOSURES
ü  Case study 3: How to determine tax base of assets and liabilities ü  How to present deferred tax and “netting off” issue
ü  Case study 6: Disclose and present your deferred tax correctly
IAS 16 Property, Plant and Equipment
INTRO TO PROPERTY, PLANT AND COST MODEL

EQUIPMENT (PPE) ü  Depreciation: methods, useful life, depreciable amount, accounting
ü  What PPE is and is NOT ü  Case study 4: Depreciation of PPE
ü  When to recognize an item of PPE and how to treat spare parts ü  Case study 5: Change in useful lives of your PPE
ü  Cost of PPE: what to include and what to exclude
ü  Case study 1: Calculating cost of PPE REVALUATION MODEL
ü  What to do when exchange of assets happens ü  Revaluation: revalued amount, rules, accounting
ü  Case study 2: Exchanges of assets ü  Case study 6: Revaluation of PPE
ü  How to treat expenses incurred subsequently when you use PPE
ü  Case study 3: Subsequent expenditures DERECOGNITION OF PPE
ü  When to remove PPE from your accounts
ü  How to calculate gain/loss on disposal and how to recognize it
ü  Case study 7: Disposal of PPE
IFRS 16 Leases
Total Running Time 2 hrs. 38 min.
Structure: 13 Video Lectures / 14 Case Studies NEW
INTRO TO IFRS 16 ACCOUNTING FOR A LEASE: LESSEES

ü  Why IFRS 16 and when it applies ü  Single model of accounting for leases by the lessees
ü  What is a lease? Identifying a lease in an arrangement ü  How to determine the appropriate discount rate
ü  How to separate a lease component from a non-lease component ü  Exemptions from the single lease accounting model
(with example) ü  Right-of use asset and its depreciation
ü  Inception date vs. commencement date ü  Complications: variable lease payments, changes in the lease term,
ü  Lease term and lease payments initial direct costs with lots of examples
ü  Lease modifications – with examples
ACCOUNTING FOR A LEASE: LESSORS
ü  Classification of leases OTHER ISSUES
ü  Accounting for finance and operating leases with lots of examples ü  Sale and leaseback transactions with examples
ü  Leases of land and building elements ü  Presentation and disclosures of leases under IFRS 16
ü  Manufacturer and dealer lessors ü  How to adopt IFRS 16 Leases in the financial statements
ü  Subleases
IAS 17 Leases
INTRO TO LEASES FINANCE LEASE: LESSOR

ü  Current development of IAS 17 and what to expect in the future ü  How lessor accounts for a finance lease
ü  What the lease is and types of leases ü  Case study 5: Finance lease and lessor
ü  How to classify lease: is it finance or operating? ü  Case study 6: Manufacturer / dealer lessor
ü  Case study 1: Classification of leases
ü  Lease of land together with building OPERATING LEASE
ü  Case study 2: Land + building leased together ü  How lessor and lessee account for an operating lease
ü  Arrangements containing the lease (IFRIC 4) ü  Case study 7: Operating lease and lessee
ü  Case study 8: Operating lease with incentive (SIC 15) and lessor
FINANCE LEASE: LESSEE
ü  How lessee accounts for a finance lease SALE & LEASEBACK
ü  Case study 3: Finance lease and lessee (payments in arrears) ü  Sale & leaseback with resulting finance lease
ü  Case study 4: Finance lease and lessee (payments in advance) ü  Sale & leaseback with resulting operating lease
ü  Case study 9: Sale & leaseback
IAS 18 Revenue
Structure: 4 Video Lectures/ 8 Case Studies
INTRO TO REVENUE RENDERING OF SERVICES

ü  Current development of IAS 18 and what to expect in the future ü  General rules for recognizing revenues when services are rendered
ü  What the revenue is ü  Stage of completion
ü  The most common issue: principal vs. agent ü  Revenue in specific situations of rendering of services
ü  Case study 4: Servicing fees
MEASUREMENT OF REVENUE ü  Case study 5: Financial services
ü  How to measure revenue ü  Case study 6: Franchise fees
ü  Case studies 1-2: Measuring revenue in various conditions ü  Case study 7: Software development
SALE OF GOODS INTEREST, ROYALTIES, DIVIDENDS

ü  General rules for recognizing revenues when goods are sold ü  Rules for recognizing revenue from interest, royalties and dividends
ü  Revenue in specific situations of sale of goods ü  Case study 8: Dividends
ü  Case study 3: Sale & repurchase agreement
IFRS 15 Revenue from Contracts with Customers
Total Running Time 2 hrs. 34 min.
Structure: 9 Video Lectures / 11 Case Studies NEW
INTRO TO IFRS 15 HOW TO ADOPT IFRS 15

ü  Why IFRS 15 and when it applies ü  2 transition approaches explained
ü  Overview of the 5-step model for revenue recognition ü  Case study 10: How to adopt IFRS 15 by the full retrospective
ü  Case study 1: Step-by-step application of the 5-step mode (telecom) approach and modified approach
ü  What types of businesses are affected the hardest?
5-STEP MODEL IN DETAILS ü  What does IFRS 15 mean for your business? How should you
ü  Step #1: Identify a contract with a customer prepare?
ü  Step #2: Identify performance obligations
ü  Step #3: Determine the transaction price SPECIFIC TRANSACTIONS
ü  Step #4: Allocate the transaction price to the performance obligations ü  Consignment arrangements
ü  Step #5: Recognize revenue when (or as) an entity satisfies PO ü  Bill-and-hold arrangements with the case study
ü  Case studies 2-8: Revenue recognition principles and individual steps ü  Repurchase arrangements (REPO)
illustrated on various situations and different companies ü  Principal vs. agent relationships
ü  Contract costs with case study 9
IAS 19 Employee Benefits
INTRO TO EMPLOYEE BENEFITS OTHER EMPLOYEE BENEFITS

ü  Objective of IAS 19 Employee Benefits ü  Types of other long-term employee benefits and their accounting
ü  Classification of employee benefits ü  Case study 11: Other long-term employee benefits
SHORT-TERM EMPLOYEE BENEFITS TERMINATION BENEFITS

ü  Types of short-term benefits and their accounting ü  Termination benefits, their conditions and accounting explained
ü  Case study 1: Short-term employee benefits ü  Case study 12: Termination benefits with 2 components
POST-EMPLOYMENT BENEFITS
ü  Defined contribution plans vs. defined benefit plans
ü  Case study 2: how to distinguish between the 2 types
ü  How to account for defined contribution plans
ü  Case study 3: Defined contribution plans
ü  All about defined benefit plans: projected unit credit method, actuarial
assumptions, all terms defined and explained step-by-step
ü  Case studies 4-10: All about defined benefit plans step-by-step
IAS 24 Related Party Disclosures
Structure: 5 Video Lectures
IAS 24 RELATED PARTY DISCLOSURES

ü  Why is the standard IAS 24 so important?
ü  Why to present the disclosures about the related parties
ü  Objective of IAS 24 Related Party Disclosures
ü  Who is a related party?
ü  Persons as related parties, focusing on “ownership” relations and key
management personnel and close family members
ü  Entities as related parties, focusing on “ownership” structures and
important suppliers
ü  Who is NOT a related party
ü  What should you disclose about related parties
ü  Complex example: Identify related parties and present sufficient
disclosures
IAS 36 Impairment of Assets
INTRO TO IMPAIRMENT OF ASSETS CASH-GENERATING UNITS

ü  When an asset is impaired and what to do about it ü  What a cash-generating unit is and how to determine it
ü  External and internal indicators of impairment ü  Case study 3: Determine CGU in various circumstances
ü  How and when to perform impairment tests ü  Impairment loss on CGU
ü  Recoverable amount: what it is and how to calculate it ü  Case study 4: CGU with impairment loss
VALUE IN USE OTHER ISSUES

ü  What value in use is and how to determine it ü  Business combinations: impairment loss on CGU with goodwill
ü  How to estimate future cash flows for value in use calculation ü  Case study 5: Impairment loss on business combination
ü  How to determine discount rate for value in use ü  What the corporate assets are and how to allocate impairment loss
ü  Case study 1: Calculation of value in use ü  Case study 6: Impairment loss on business with corporate assets
IMPAIRMENT LOSS REVERSAL OF IMPAIRMENT LOSS

ü  How to measure and account for an impairment loss ü  When and how to reverse impairment loss
ü  Case study 2: Impairment loss on an individual asset ü  Case study 7: Reversal of impairment loss
IAS 37 Provisions, Contingent Liabilities and
Contingent Assets
Total Running Time 1 hr. 8 min. /Structure: 4 Video Lectures /8 Case Studies
PROVISIONS VS. CONTINGENCIES PROVISIONS FOR DECOMMISSIONING THE

ü  What a provision is and when to recognize it ASSET AND RESTORING THE SITE
ü  Case study 1: Decide whether to recognize provision or not ü  How to measure and account for provisions for decommissioning the
ü  What a contingent liability and a contingent asset are asset and restoring the site after the end of its useful life
ü  Decision tree: your guide to recognizing provisions ü  IFRIC 1: How to account for the change in provision in the
ü  Case study 2: Contingent liabilities and contingent assets subsequent reporting periods
ü  Case study 7: Provision for decommissioning the nuclear power
MEASUREMENT AND ACCOUNTING plant and its change
ü  How to measure and account for provisions
ü  Case study 3: Provisions for future repairs of defective products
ü  How to recognize a provision in 3 specific cases: future operating
losses, onerous contracts and restructuring
ü  Case studies 4-6: Future operating losses, onerous contracts,
restructuring
Other assets (IAS 2 Inventories, IAS 41 Agriculture)
Structure: 7 Video Lectures
IAS 2 INVENTORIES IAS 41 AGRICULTURE

ü  What are inventories? ü  Why IAS 41 Agriculture?
ü  How to measure inventories ü  What is agricultural activity, biological asset, agricultural produce,
ü  What enters into the costs of inventories harvest
ü  What measurement techniques you can use ü  What can you account under IAS 41? What can you not?
ü  What cost formulas are permitted ü  Biological assets and their characteristics
ü  What is net realizable value and how to determine it ü  Important exception: bearer plants
ü  How to account for inventories ü  Recognition, measurement and presentation of biological assets
ü  Practical solved examples included ü  Recognition, measurement and presentation of agricultural produce
ü  Government grants related to agricultural activity
Financial Instruments and Fair Value:
IFRS 9, IAS 39, IAS 32, IFRS 13 and IFRS 7
Total Running Time 7 hr. 46 min./Structure: 24 Video Lectures/29 Case Studies
INTRODUCTION TO FINANCIAL INSTRUMENTS RECOGNITION AND DERECOGNITION

ü  Current developments of IFRS related to financial instruments ü  IAS 39/IFRS 9: Initial recognition of financial instruments
ü  What is a financial instrument and what it is not ü  IAS 39/IFRS 9: Derecognition and off-balance sheet financing
ü  Identify financial assets, financial liabilities and equity instruments ü  Derecognition of financial assets: moving down the decision tree
ü  Case study 1: Is it a financial instrument or not? ü  Specific derecognition issues: factoring, securitization, continuing
involvement, etc.
PRESENTATION ISSUES (IAS 32) ü  Case studies 6-8: Derecognition of financial assets (REPO
ü  IAS 32: Financial liability vs. equity instrument transactions, partial derecognition, factoring of receivables)
ü  Case studies 2-3: Classify financial instruments ü  Derecognition of financial liabilities
ü  How to account for compound financial instruments ü  Case studies 9-10: Derecognition of financial liabilities
ü  Case study 4: How to account for and measure convertible bonds
ü  Transactions in own equity
ü  Case study 5: How to account for warrants
ü  Other issues: treasury shares, interests/dividends, offsetting, etc.

continued
CLASSIFICATION OF FINANCIAL MEASUREMENT OF FINANCIAL LIABILITIES
INSTRUMENTS (IAS 39 AND IFRS 9) ü  Initial and subsequent measurement of financial liabilities
ü  Classification of financial assets (IFRS 9 and IAS 39) ü  Case study 18: Financial liabilities at FVTPL with credit risk
ü  Business model test and contractual cash flows test explained
ü  Case study 11: Apply business model test
ü  Classification of financial liabilities (IFRS 9 and IAS 39)
IFRS 13: FAIR VALUE MEASUREMENT
ü  What is fair value and how to determine it
MEASUREMENT OF FINANCIAL ASSETS
ü  All the basic terms: unit of account, principal vs. the most
ü  Initial measurement + case study 12 on initial measurement
advantageous market, non-financial assets
ü  Subsequent measurement of financial assets (IAS 39 and IFRS 9)
ü  Case study 19: Principal vs. the most advantageous market
ü  All about amortized cost and the effective interest method
ü  How to measure fair value of financial liabilities and equity instruments
ü  Case studies 13-15: Amortized cost and all kinds of tweaks in it
ü  Case study 20: Fair value of financial liabilities
ü  Impairment of financial assets (IAS 39 and IFRS 9)
ü  Valuation techniques, fair value hierarchy (level 1, level 2,
ü  Case studies 16,27-29: Impairment of financial assets including
level 3 inputs), present value techniques and many more
NEW expected credit loss model under IFRS 9
ü  Case study 21: Present value techniques
ü  Complex case study 17: Classification and measurement

continued
DERIVATIVES HEDGE ACCOUNTING

ü  Derivatives explained: what they are and their characteristics ü  Hedge accounting explained: what it is, why to apply it
ü  Foreign currency forward contract explained ü  Conditions for hedge accounting (IAS 39 and IFRS 9)
ü  Case study 22: Foreign currency forward, its measurement and ü  Hedged item vs. hedged instrument, hedge effectiveness explained
accounting ü  Three types of hedges explained
ü  Interest rate swap explained ü  Fair value hedge
ü  Case study 23: Plain vanilla interest rate swap, its measurement and ü  Case study 25: Fair value hedge with detailed calculations and entries
accounting ü  Cash flow hedge
ü  All about embedded derivatives: what they are, how to find them, how ü  Case study 26: Cash flow hedge with detailed calculations and entries
to account for them in line with both IAS 39 and IFRS 9 ü  Hedge of net investment in a foreign operation + its specifics
ü  Case study 24: Embedded derivative ü  When and how to discontinue hedge accounting
Consolidation and Group Accounts:
IFRS 3, IFRS 10, IFRS 11, IAS 27 and IAS 28
INTRODUCTION TO GROUP ACCOUNTS CONSOLITATED STATEMENT OF

ü  Overview of IFRS related to consolidation and group accounts FINANCIAL POSITION
ü  Explanation of “consolidation” terms ü  IFRS 10: Consolidation procedures STEP-BY-STEP
ü  How to account for the individual types of investments ü  Case studies 2-3: Basic consolidated statement of financial position
ü  Case study 1: Is it a financial instrument or not? ü  IFRS 3: Non-controlling interest – what it is, how to recognize it, 2
methods of measuring NCI (fair value, proportionate share)
CONTROL (IFRS 10)
ü  IFRS 3: Goodwill – what it is, it’s calculation, positive vs. negative
ü  What the control is and how to determine it
goodwill, impairment of goodwill
ü  Control vs. significant influence
ü  Case studies 4-7: Consolidated statement of financial position with
ü  Case study 1: Is there control or not?
NCI (both methods), goodwill, negative goodwill, impairment
CONSOLITATED FINANCIAL STATEMENTS ü  IFRS 3: Consideration transferred – what to include, how to measure
ü  What consolidated financial statements are and how to make them ü  Case study 8: Consideration transferred
ü  What accounting requirements IFRS 10 states ü  Intra-group transactions, adjustment of unrealized profit
ü  Who does not need to consolidate? (IFRS 10 exceptions)
ü  Group accounts and “related parties” issue

continued
CONSOLITATED STATEMENT OF CONSOLITATED STATEMENT OF

FINANCIAL POSITION - continued PROFIT OR LOSS AND OCI
ü  Case studies 9-10: Consolidated statement of financial position with ü  IFRS 10 Consolidation procedures in the statement of P/L and OCI
intra-group transactions - inventories and PPE ü  Case study 13: Basic consolidated statement of P/L and OCI
ü  Fair value adjustments and other consolidation adjustments ü  Mid-year acquisitions and dividends paid
ü  Case study 11: Consolidated statement of financial position with fair ü  Case study 14: Consolidated statement of P/L and OCI with mid-
value adjustments and recognition of unrecognized separable year acquisition of a subsidiary and dividends paid
assets ü  Intra-group trading profit
ü  Case study 12: Complex statement of financial position solved by ü  Case study 15: Consolidated statement of P/L and OCI with intra-
the “exam-style” group trading profit and fair value adjustment (“exam-style”)
ü  Disposal of a subsidiary

continued
INVESTMENTS IN ASSOCIATES AND JOINT ARRANGEMENTS

APPLICATION OF EQUITY METHOD ü  What is joint control and how to detect it
ü  What is significant influence and how to detect it ü  Joint ventures vs. joint operations
ü  Equity method: basic procedures ü  How to account for joint arrangements
ü  Case study 16: Basic steps in equity method
ü  Separate financial statements under IAS 27
ü  Equity method: treatment of goodwill, intra-group transactions, fair
value adjustments, dividends
ü  Case study 17: Statement of financial position, statement of profit or
loss and other comprehensive income – complex case study with
equity method (including fair value adjustments, dividends, intra-
group transactions and more)
Other IFRS Standards
Structure: 8 Video Lectures with Summaries / Articles / Examples
THE CONCEPTUAL FRAMEWORK IAS 21 THE EFFECT OF CHANGES IN

ü  The summary of the Conceptual Framework for Financial Reporting FOREIGN EXCHANGE RATES
ü  The summary of IAS 21
IAS 8 ACCOUNTING POLICIES, CHANGES IN ü  Examples: initial recognition, subsequent measurement, determination
ACCOUNTING ESTIMATES AND ERRORS of functional currency
ü  The summary of IAS 8 Accounting Policies, Changes in Accounting
IAS 40 INVESTMENT PROPERTY
Estimates and Errors
ü  The summary of IAS 40 Investment Property
ü  Case study: How to correct the error on fully depreciated assets still in
ü  Examples: Owner-occupied or investment property, transfers
use (article with the video)
IAS 20 ACCOUNTING FOR GOVERNMENT
IFRS 5 NON-CURRENT ASSETS HELD FOR GRANTS AND DISCLOSURE OF
SALE AND DISCONTINUED OPERATIONS GOVERNMENT ASSISTANCE
ü  The summary of IFRS 5 ü  The summary of IAS 20
IFRS 2 SHARE-BASED PAYMENT

ü  The summary of IFRS 2 Share-based Payment
IFRS Skills: Let’s Grow Together
ALL ABOUT INTEREST RATE IMPLICIT ALL ABOUT PRE-TAX DISCOUNT RATE
IN THE LEASE ü  Why we need pre-tax discount rate and where to use it
ü  What the interest rate implicit in the lease is and why we need it ü  How to calculate pre-tax rate using simple formula
ü  Interest rate implicit in the lease vs. internal rate of return ü  How to calculate pre-tax rate using other techniques (more precise)
ü  Case study 1: Lease with annual payments with initial downpayment ü  Case study 6: Calculation of pre-tax rate using both methods
ü  Case study 2: Lease with monthly payments IN ARREARS
ü  Case study 3: Lease with monthly payments and residual value HOW TO EXTRAPOLATE ALONG
ü  Case study 4: Lease with monthly payments IN ADVANCE YIELD CURVE
ü  Case study 5: Lease with irregular payments in different amounts ü  What the yield curve is, its types and where we need to use it
ü  Step-by-step method of extrapolating along yield curve
ü  Case study 7: Determine fair value of debentures by the extrapolation
along yield curve in Excel file
Bonus 1: The IFRS In 1 Day
Total Running Time 1 hr. + E-book of 105 Pages
Structure: E-book / 10 Case Studies
E-BOOK “IFRS IN 1 DAY” 10 BASIC CASE STUDIES

This e-book will give you very quick starting point for your IFRS learning. Once you learn the basic rules, you can study their practical application
You’ll discover what is IFRS and why we have it, who adopted IFRS, on simple case studies:
whether IFRS is good for anything and what it consists of. ü  Case study 1: How to prepare a statement of financial position
You’ll also examine the skeleton of IFRS, The Conceptual Framework for ü  Case study 2: How to account for construction contracts
the Financial Reporting. ü  Case study 3: Basics of lease accounting
ü  Case study 4: Simple consolidated statement of financial position
This e-book will guide you through the following areas: ü  Case study 5: How to apply equity method for associates
ü  IFRS reporting in general: IAS 1, IAS 7, IFRS 1 ü  Case study 6: How to deal with foreign currencies
ü  IFRS assets and liabilities: IAS 2, IAS 12 IAS 16, IAS 17, IAS 19, ü  Case study 7: How to calculate basic earnings per share
IAS 36, IAS 37, IAS 38, IAS 39/IFRS 9 ü  Case study 8: How to change accounting estimates
ü  IFRS reporting of revenues: IAS 11, IAS 18 ü  Case study 9: Financial instruments – dealing with bonds
ü  Group accounting: IAS 27, IAS 28, IFRS 3, IFRS 10, IFRS 11 ü  Case study 10: Basic projected unit credit method (IAS 19)
ü  Specific reporting issues: IAS 8, IAS 21, IAS 23, IAS 33
Bonus 2: How to Make IFRS Financial Statements
Structure: 7 Video Lectures / 1 Simple + 1 Complex Case Study
INTRO TO MAKING YOUR IFRS FINANCIAL MAKING IFRS FINANCIAL STATEMENTS FOR
STATEMENTS THE FIRST TIME
ü  Why to make IFRS financial statements ü  Rules of IFRS 1 First-time adoption of IFRS explained
ü  Where to start ü  How to prepare opening balance sheet
ü  What to do BEFORE preparing your IFRS financial statements ü  What to include in the first IFRS financial statements
ü  How to identify differences between IFRS and your local ü  How to apply IFRS rules retrospectively, exemptions and exceptions
accounting rules
COMPLEX CASE STUDY
ü  What information you should look for before preparing IFRS financial
ü  Make the first IFRS financial statements with opening balance sheets
statements
step by step – very practical guide
HOW TO MAKE IFRS ADJUSTMENTS ü  How to use Excel spreadsheet effectively for your first IFRS statements
ü  Step-by-step explanation of making IFRS adjustments to your own ü  What sequence of IFRS adjustments to apply
accounts in order to arrive at IFRS balances ü  How to recognize deferred tax from IFRS adjustments
ü  Simple case study: Making IFRS adjustments and derecognizing local ü  Detailed explanation of each adjustment and “IFRS bridge”
accounting balances
This Is YOUR Time.
Discover how top performers learn and use IFRS.
If you have any questions related to this program, just write me at

silvia.mahutova@ifrsbox.com.
I sincerely hope to have the honor and privilege of guiding you

in your IFRS learning journey.
To your success,
Silvia

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What is included in the IFRS Kit?

What is included in the IFRS Kit?

What does the IFRS 1 course cover?

What does the IFRS 1 course cover?

The IFRS Kit

Take a Look Inside…

My main goal is to help you professionally grow while maintaining

Let me speed up the process of your IFRS learning, while having

With love and appreciation,

Silvia Mahutova FCCA

What You’ll Learn In This Course:

INTRO TO IFRS FINANCIAL STATEMENTS STATEMENT OF COMPREHENSIVE INCOME

STATEMENT OF FINANCIAL POSITION

What You’ll Learn In This Course:

INTRO TO STATEMENT OF CASH FLOWS FINANCING AND INVESTING PARTS

What You’ll Learn In This Course:

CURRENT INCOME TAX DEFERRED TAX: TEMPORARY DIFFERENCES

DEFERRED TAX: OVERVIEW DEFERRED TAX: MEASUREMENT AND

DEFERRED TAX: TAX BASE DEFERRED TAX: PRESENTATION AND

What You’ll Learn In This Course:

INTRO TO PROPERTY, PLANT AND COST MODEL

What You’ll Learn In This Course:

INTRO TO IFRS 16 ACCOUNTING FOR A LEASE: LESSEES

What You’ll Learn In This Course:

INTRO TO LEASES FINANCE LEASE: LESSOR

What You’ll Learn In This Course:

INTRO TO REVENUE RENDERING OF SERVICES

SALE OF GOODS INTEREST, ROYALTIES, DIVIDENDS

What You’ll Learn In This Course:

INTRO TO IFRS 15 HOW TO ADOPT IFRS 15

What You’ll Learn In This Course:

INTRO TO EMPLOYEE BENEFITS OTHER EMPLOYEE BENEFITS

SHORT-TERM EMPLOYEE BENEFITS TERMINATION BENEFITS

What You’ll Learn In This Course:

IAS 24 RELATED PARTY DISCLOSURES

What You’ll Learn In This Course:

INTRO TO IMPAIRMENT OF ASSETS CASH-GENERATING UNITS

VALUE IN USE OTHER ISSUES

IMPAIRMENT LOSS REVERSAL OF IMPAIRMENT LOSS

What You’ll Learn In This Course:

PROVISIONS VS. CONTINGENCIES PROVISIONS FOR DECOMMISSIONING THE

What You’ll Learn In This Course:

IAS 2 INVENTORIES IAS 41 AGRICULTURE

What You’ll Learn In This Course:

INTRODUCTION TO FINANCIAL INSTRUMENTS RECOGNITION AND DERECOGNITION

What You’ll Learn In This Course:

What You’ll Learn In This Course:

DERIVATIVES HEDGE ACCOUNTING

What You’ll Learn In This Course:

INTRODUCTION TO GROUP ACCOUNTS CONSOLITATED STATEMENT OF

What You’ll Learn In This Course:

CONSOLITATED STATEMENT OF CONSOLITATED STATEMENT OF

What You’ll Learn In This Course:

INVESTMENTS IN ASSOCIATES AND JOINT ARRANGEMENTS

What You’ll Learn In This Course:

THE CONCEPTUAL FRAMEWORK IAS 21 THE EFFECT OF CHANGES IN

IFRS 2 SHARE-BASED PAYMENT

What You’ll Learn In This Course:

What You’ll Learn In This Course: