ACCA Diploma in IFRS (DipIFR)

Module 1: Introduction And The Objective Of General Purpose Financial Reporting

Module 2: Qualitative Characteristics Of Useful Financial Information

Module 3: Financial Statements And The Reporting Entity

Module 4: The Elements Of Financial Statements

Module 5: Recognition And Derecognition

Module 6: Measurement

Module 7: Presentation And Disclosure

Module 8: Concepts Of Capital And Capital Maintenance

Module 9: Conclusion

Exam Question: What is a Non Current Asset

Part 2. Presentation and Disclosures in Financial Statements

Lesson Content

0% Complete 0/18 Steps

Module 1: Introduction And Importance of IAS 1

Module 2 (Part 1): Components And Structure Of The Financial Statements

Module 2 (Part 2): Statement of Financial Position

Module 2 (Part 3): Statement of Profit or Loss and Other Comprehensive Income

Module 2 (Part 4): Statement of Changes In shareholders Equity

Module 2 (Part 5) Statement of Cash Flows

Module 3: Qualitative Characteristics

Module 4: Requirements For Financial Statements Preparation And Presentation

Module 5: Minimum Line Items

Module 6: Disclosure

Exploring OCI Items

Exploring Operating Cycle With an Example

Exam Question: Definition Of Current And Non Current Assets

Exam Question (December 2019): Statement Of Profit Or Loss And Other Comprehensive Income

Ammendment 1 to IAS 1 – Disclosure Of Accounting Policies

Ammendment 2 to IAS 1 – Classification Of Liabilities

Ammendment 3 to IAS1: Classification Of Debt With Covenants

Lesson Content

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Module 1: Understanding IFRS 18

Module 2: New Requirements On Presentation

Module 3: New Requirements On Presentation Critical Accounting Judgements

Module 4: New Requirements On Presentation – Estimation Uncertainities

Module 5: New Requirements On Presentation Subsequent Events

Module 6: Differences Between IFRS 18 And IAS 1

Module 7: Classification Criteria For Assets And Liabilities

Module 8: Specific Amendments By IFRS 18 To Related Standards

Module 9: IFRS 18- Requirements To Improve Financial Performance

Lesson Content

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Module 2: Classification Of Cash Flows

Module 3: Presentation Of Cash Flow Statements

Module 4: Example XYZ Corporation Cash Flow Statement

Module 5: Preparation And Presentation Challenges

Module 6: Summary Of Key Takeaways

Lesson Content

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Module 1: Introduction To IAS 8

Module 2 (Part 1): Definition and Selection of Accounting Policies

Module 2 (Part 2): Changes in Accounting Policies

Module 3 (Part 1): Definition and Recognition of Accounting Estimates

Module 3 (Part 2): Example on Changes in Accounting Estimates

Module 3 (Part 3): Changes In Accounting Estimates

Module 4 (Part 1): Identification of Errors and Correction of Procedures

Module 4 (Part 2): Disclosure Related Errors

Module 5: Recap and Closing

Ammendment to IAS 8 – Clarifying The Definition Of Accounting Estimates

Exam Question: Correction Of Inventory Count Error In Last Year

Exam Question (June 2016): Difference Between an Accounting Policy and an Accounting Estimate

Exam Question: Prior Period Error and Change in Estimate

Lesson Content

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Module 2: Types of Events after the Reporting Period

Module 3: Recognition and Measurement Criteria

Module 4: Recap About Adjusting Events

Module 5: Recamp About Non-Adjusting Events

Module 6: Examples

Section 7: Disclosures

Section 8: Discontinue of Operations

Section 9: Conclusion

Exam Question (December 2020): Examples Of Events After Reporting Date

Lesson Content

0% Complete 0/8 Steps

Module 2 (Part 1): Types of RelatedParties

Module 2 (Part 2): Definitions of Related Parties

Module 3: Types and Disclosure Requirements of Related Party Transactions

Exam Question: Adapted Management Buyout

Exam Question: Key Management Personnel And Close Family Member

Exam Question (September 2020): Immaterial Transactions

Lesson Content

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Module 1: Introduction to IAS 29 Hyperinflation

Module 2: Identification of Hyperinflationary Economies

Module 3: Financial Statements in Hyperinflationary Economies

Module 4: Restatement of Financial Statements

Module 5: Selection of the Measuring Unit in Hyperinflation

Module 6: Indexation in Hyperinflation Accounting

Module 7: Practical Application of IAS 29

Module 8: Disclosure Requirements under IAS 29

Module 9: Comparative Financial Information in Hyperinflationary Environment

Module 10: IAS 29 and Other IFRS Standards

Lesson Content

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Module 1: Introduction to EPS

Module 2: Scope of IAS 33

Module 3: Basic EPS Calculation

Module 4: Diluted EPS Calculation

Module 5: Presentation and Disclosure

Module 6: Special Issues and Complexities

Module 7: Changes in Capital Structure

Module 8: Earnings Per Share in Complex Capital Structures

Module 9: Recent Updates and Amendments

Exam Question: Calculating Weighted Average Number Of Shares

Exam Question: Calculation of Theoretical Ex Rights Value Per Share

Exam Question: EPS Detailed Explanation

Lesson Content

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Module 2: Scope of IFRS 8

Module 3: Definition and Identification of Operating Segments

Module 4: Quantitative Thresholds For Operating Segments

Module 5: Example

Module 6: Aggregation

Module 7: Disclosure

Module 8: Income Statement Disclosure

Module 9: Assets’ Disclosure

Module 10: Liabilities’ Disclosure

Module 11: Reconciliation Disclosure

Module 12: Entity-Wide Disclosures

Module 13: Disclosure about Major Customers

Module 14: Exceptions

Exam Question (Dec 2014): Adapted Difference in segment Reporting Between Organizations

Exam Question (Dec 2020): Different Basis of Segment Reporting

Lesson Content

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Module 1: Introduction to Interim Financial Reporting

Module 2: Scope of IAS 34

Module 3: Interim Financial Statements

Module 4: Key Principles of IAS 34

Module 5: Timing and Frequency of Interim Reporting

Module 6: Content of Interim Financial Statements

Module 7: Measurement and Recognition Issues

Module 8: Segment Reporting in Interim Financial Statements

Module 9: Disclosure Requirements

Part 3: Assets

Lesson Content

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Module 1 Part 1: Definition and Types of Inventory

Module 1 Part 2: Key Terms in IAS 2

Module 2 Part 1: Cost of Inventory

Module 2 Part 2: Costs Excluded from Inventory

Module 2 Part 3: Example

Module 3 Part 1: Cost Formulas

Module 3 Part 2: Example

Module 4: Net Realisable Value

Module 5: Recognition As An Expense

Variable Overhead Versus Fixed Overhead Accounting for Inventory

Module 6: Disclosure

Exam Question: Cost of Inventory

Exam Question: FIFO vs. Weighted Average

Exam Quesion: Summary of Cost of Inventory

Lesson Content

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Module 2 Part 1: Recognition Criteria of PPE

Module 2 Part 2: Initial Measurement of PP&E Assets

Module 2 Part 3: Spare Parts Inventory or PP&E

Module 3 Part 1: Exchange of Similar Assets

Module 3 Part 2: Exchange of Dissimilar Assets

Module 3 Part 3: Exchange with Cash Payment

Module 4 Part 1: Expensing Costs

Module 4 Part 2: Capitalizing Costs

Module 4 Part 3: Key Factors to Consider

Module 5 Part 1: Cost Model

Module 5 Part 2: Example on Cost Model

Module 5 Part 3: Revaluation Model

Module 5 Part 4: Choosing Your Path

Module 5 Part 5: Example of Revaluation Model

Module 5 Part 6: Frequency of Revaluation and Key Considerations

Module 5 Part 7: Depreciation

Module 6 Part 1: Derecognition of PP&E Assets

Module 6 Part 2: Disclosure Related to PP&E Assets

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Lesson Content

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Module 2: Initial Measurement

Module 3: Subsequent Measurement

Module 4: Disclosure

Module 5: Detailed Look on Revaluation Model

Module 6: Research and development under IAS 38

Exam Question (December 2021): Recognition And Treatment Of Brand Names

Exam Question: Definition Of PPE And Intangible Assets

Exam Question: Recognition Criteria For An Intangible Asset

Exam Question: Revaluation Of Intangible Assets

Exam Question: Treatment Of Advertising Costs

Lesson Content

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Module 1: Introduction to IAS 40 Investment Property

Module 2: Recognition and Initial Measurement

Module 3 Part 1: Subsequent MeasurementCost Model

Module 3 Part 2: Subsequent MeasurementFair Value Model

Module 3 Part 3: Subsequent Measurement Impairment

Module 3 Part 4: Practical Scenarios

Module 4 Part 1: Introduction about Transfers from and to Investment properties

Module 4 Part 2: Transfers from Investment Properties

Module 4 Part 3: Transfers to Investment Properties

Module 4 Part 4: Disclosures Relating to Transfers

Module 5: Fair Value Measurement

Module 6: Government Grants and IAS 40

Module 7: Presentation and Disclosures

Exam Question: Building Split As Per IAS 16 And IAS 40

Exam Question (December 2015 Ammended): Investment Property Converted to Inventory

Exam Question: Land Held For Undermined Use

Lesson Content

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Module 1: Introduction to IFRS 5

Module 2: Scope of IFRS 5

Module 3: Recognition and Measurement

Module 4: Measurement of Discontinued Operations

Module 5: Impairment Testing

Module 6: Presentation and Disclosure

Module 7: Practical Examples and Case Studies

Exam Question )Dec 2020): Sale Properties Were Held For Sale

Exam Question (December 2014 Ammended): Explanation of Business Held for Sale Being Presented

Exam Question (December 2020): Discontinued Operations

Exam Question (June 2012 Adapted): Non Current Assets Held For Sale & discontinued operations

Lesson Content

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Module 1: Introduction to IAS 36

Module 2: Annual Impairment Testing

Module 3: Steps of Impairment Testing

Module 4: Identification of Cash-Generating Units (CGUs) with Examples

Module 5: Example on Impairment Loss Reversal

Module 6: Allocating Impairment Loss to Individual Assets of CGU

Module 7: Summary

Exam Question: Calculating Value In Use And Impairment Loss

Exam Question: Understanding Impairment Loss Calculation

Lesson Content

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Module 1: Definition of Borrowing Costs

Module 2: Scope of Borrowing Costs

Module 3: Measurement of Borrowing Costs

Module 4: Capitalization of Borrowing Costs

Module 5: Disclosures and Presentation

Module 6: Practical Application and Examples

Exam Question (Dec 2020): Accounting Borrowing Costs

Lesson Content

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Module 1 Part 1: Introduction to IAS 20

Module 1 Part 2: Definition of Government Grants

Module 2 Part 1: Recongnition of Government Grants

Module 2 Part 2: Initial Recognition of Government Grants

Module 3 Part 1: Meausrement of Government Grants

Module 3 Part 2: Initial Recognition of Government Grants at Nominal Amounts

Module 3 Part 3: Examples and Accounting Treatment of Different Types of Grants

Module 4: Presentation and Disclosure

Module 5: Specific Issues and Case Studies

Module 6: Changes in Government Grants