Course Content
Part 1: Conceptual Framework for Financial Reporting
2. Presentation and Disclosures in Financial Statements
3. Performance Reporting (IFRS 15: Revenue Recognition From Contracts With Customers)
Conceptual Framework for Financial Reporting
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11 Topics
1 Quiz
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Module 1: Introduction And The Objective Of General Purpose Financial Reporting
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Module 2: Qualitative Characteristics Of Useful Financial Information
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Module 3: Financial Statements And The Reporting Entity
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Module 4: The Elements Of Financial Statements
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Module 5: Recognition And Derecognition
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Module 6: Measurement
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Module 7: Presentation And Disclosure
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Module 8: Concepts Of Capital And Capital Maintenance
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Module 9: Conclusion
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Exam Question: What is a Non Current Asset
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Conceptual Framework Quiz
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[Section 1]: IAS 1: Presentation of Financial Statements
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18 Topics
1 Quiz
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Module 1: Introduction And Importance of IAS 1
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Module 2 (Part 1): Components And Structure Of The Financial Statements
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Module 2 (Part 2): Statement of Financial Position
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Module 2 (Part 3): Statement of Profit or Loss and Other Comprehensive Income
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Module 2 (Part 4): Statement of Changes In shareholders Equity
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Module 2 (Part 5) Statement of Cash Flows
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Module 3: Qualitative Characteristics
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Module 4: Requirements For Financial Statements Preparation And Presentation
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Module 5: Minimum Line Items
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Module 6: Disclosure
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Exploring OCI Items
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Exploring Operating Cycle With an Example
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Exam Question: Definition Of Current And Non Current Assets
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Exam Question (December 2019): Statement Of Profit Or Loss And Other Comprehensive Income
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Ammendment 1 to IAS 1 – Disclosure Of Accounting Policies
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Ammendment 2 to IAS 1 – Classification Of Liabilities
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Ammendment 3 to IAS1: Classification Of Debt With Covenants
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IAS 1 Quiz
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[Section 2]: IFRS 18: Presentation and Disclosure in Financial Statements (FROM 2027)
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10 Topics
1 Quiz
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Module 1: Understanding IFRS 18
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Module 2: New Requirements On Presentation
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Module 3: New Requirements On Presentation Critical Accounting Judgements
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Module 4: New Requirements On Presentation – Estimation Uncertainities
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Module 5: New Requirements On Presentation Subsequent Events
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Module 6: Differences Between IFRS 18 And IAS 1
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Module 7: Classification Criteria For Assets And Liabilities
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Module 8: Specific Amendments By IFRS 18 To Related Standards
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Module 9: IFRS 18- Requirements To Improve Financial Performance
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IFRS 18 Quiz
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[Section 3]: IAS 7: Statement of Cash Flows
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7 Topics
1 Quiz
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Module 1: Introduction
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Module 2: Classification Of Cash Flows
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Module 3: Presentation Of Cash Flow Statements
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Module 4: Example XYZ Corporation Cash Flow Statement
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Module 5: Preparation And Presentation Challenges
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Module 6: Summary Of Key Takeaways
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IAS 7 Quiz
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[Section 4]: IAS 8: Accounting Policies, Changes in Estimates and Errors (From 2027 new name: Basis of Preparation of Financial Statements)
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15 Topics
1 Quiz
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Module 1: Introduction To IAS 8
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Module 2 (Part 1): Definition and Selection of Accounting Policies
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Module 2 (Part 2): Changes in Accounting Policies
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Module 3 (Part 1): Definition and Recognition of Accounting Estimates
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Module 3 (Part 2): Example on Changes in Accounting Estimates
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Module 3 (Part 3): Changes In Accounting Estimates
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Module 4 (Part 1): Identification of Errors and Correction of Procedures
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Module 4 (Part 2): Disclosure Related Errors
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Module 5: Recap and Closing
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Ammendment to IAS 8 – Clarifying The Definition Of Accounting Estimates
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Download Exam Questions Excel Files for Answers
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Exam Question: Correction Of Inventory Count Error In Last Year
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Exam Question (June 2016): Difference Between an Accounting Policy and an Accounting Estimate
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Exam Question: Prior Period Error and Change in Estimate
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IAS 8 Quiz
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[Section 5]: IAS 10: Events after the Reporting Period
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11 Topics
1 Quiz
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Module 1: Introduction
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Module 2: Types of Events after the Reporting Period
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Module 3: Recognition and Measurement Criteria
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Module 4: Recap About Adjusting Events
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Module 5: Recamp About Non-Adjusting Events
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Module 6: Examples
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Section 7: Disclosures
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Section 8: Discontinue of Operations
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Section 9: Conclusion
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Exam Question (December 2020): Examples Of Events After Reporting Date
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IAS 10 Quiz
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[Section 6]: IAS 24: Related Party Disclosures
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8 Topics
1 Quiz
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Module 1: Introduction
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Module 2 (Part 1): Types of RelatedParties
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Module 2 (Part 2): Definitions of Related Parties
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Module 3: Types and Disclosure Requirements of Related Party Transactions
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Exam Question: Adapted Management Buyout
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Exam Question: Key Management Personnel And Close Family Member
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Exam Question (September 2020): Immaterial Transactions
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IAS 24 Quiz
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[Section 7]: IAS 29: Financial Reporting in Hyperinflationary Economies
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11 Topics
1 Quiz
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Module 1: Introduction to IAS 29 Hyperinflation
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Module 2: Identification of Hyperinflationary Economies
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Module 3: Financial Statements in Hyperinflationary Economies
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Module 4: Restatement of Financial Statements
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Module 5: Selection of the Measuring Unit in Hyperinflation
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Module 6: Indexation in Hyperinflation Accounting
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Module 7: Practical Application of IAS 29
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Module 8: Disclosure Requirements under IAS 29
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Module 9: Comparative Financial Information in Hyperinflationary Environment
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Module 10: IAS 29 and Other IFRS Standards
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IAS 29 Quiz
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[Section 8]: IAS 33: Earnings Per Share
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14 Topics
1 Quiz
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Module 1: Introduction to EPS
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Module 2: Scope of IAS 33
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Module 3: Basic EPS Calculation
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Module 4: Diluted EPS Calculation
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Module 5: Presentation and Disclosure
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Module 6: Special Issues and Complexities
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Module 7: Changes in Capital Structure
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Module 8: Earnings Per Share in Complex Capital Structures
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Module 9: Recent Updates and Amendments
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Download Exam Questions Excel Files for Answers
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Exam Question: Calculating Weighted Average Number Of Shares
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Exam Question: Calculation of Theoretical Ex Rights Value Per Share
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Exam Question: EPS Detailed Explanation
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IAS 33 Quiz
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[Section 9]: IFRS 8: Operating Segments
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17 Topics
1 Quiz
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Module 1: Introduction
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Module 2: Scope of IFRS 8
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Module 3: Definition and Identification of Operating Segments
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Module 4: Quantitative Thresholds For Operating Segments
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Module 5: Example
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Module 6: Aggregation
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Module 7: Disclosure
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Module 8: Income Statement Disclosure
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Module 9: Assets’ Disclosure
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Module 10: Liabilities’ Disclosure
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Module 11: Reconciliation Disclosure
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Module 12: Entity-Wide Disclosures
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Module 13: Disclosure about Major Customers
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Module 14: Exceptions
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Exam Question (Dec 2014): Adapted Difference in segment Reporting Between Organizations
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Exam Question (Dec 2020): Different Basis of Segment Reporting
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IFRS 8 Quiz
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[Section 10]: IAS 34: Interim Financial Reporting
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10 Topics
1 Quiz
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Module 1: Introduction to Interim Financial Reporting
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Module 2: Scope of IAS 34
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Module 3: Interim Financial Statements
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Module 4: Key Principles of IAS 34
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Module 5: Timing and Frequency of Interim Reporting
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Module 6: Content of Interim Financial Statements
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Module 7: Measurement and Recognition Issues
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Module 8: Segment Reporting in Interim Financial Statements
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Module 9: Disclosure Requirements
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IAS 34 Quiz
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Introduction About IFRS 15
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5 Topics
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1 Introduction about IFRS 15
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2 IFRS 15 Replaces Old Revenue Standards and Interpretations
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Module 3: The 5 Steps Model for Revenue Recognition
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Module 1 (Part 3): Understanding Consideration that is Received beforeMeeting PO
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IFRS 15: Module 1
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7 Topics
Module 1 (Part 1): Introduction about IFRS 15
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Module 1 (Part 2): Criteria for The Contracts
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Module 1 (Part 2): Understanding the Contract Terms
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Module 1 (Part 3): Examples of Contracts Identification
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Module 1 (Part 4): Reassessment of Contracts
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Module 1 (Part 4): Understanding Combining Contracts
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Module 1 (Part 5): Handling Contracts That Don’t Initially Meet the Criteria
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IFRS 15: Module 2
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6 Topics
Module 2 (Part 1): What Are the Performance Obligations
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Module 2 (Part 2): The Process of Identifying Performance Obligations
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Module 2 (Part 3): Distinct performance obligations
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Module 2 (Part 4): Implied Promises in Contracts
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Module 2 (Part 5): Administrative Tasks Under IFRS 15
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Module 2 (Part 6): Series Of Distinct Goods or Services
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IFRS 15: Module 3
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5 Topics
Module 3 (Part 1 -a): Factors in Determining Transaction Price
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Module 3 (Part 1-b): Variable Consideration
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Module 3 (Part 2): Accounting for Significant Financing Component
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Module 3 (Part 3): Accounting for Non-Cash Consideration
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Module 3 (Part 4): Accounting Consideration Payable to Customers
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IFRS 15: Module 4
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7 Topics
Module 4 (Part 1): Key principles of allocation
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Module 4 (Part 2): Estimating Standalone Selling Price
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Module 4 (Part 2): The Residual Approach Explained
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Module 4 (Part 3): Examples of Allocating Transaction Price
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Module 4 (Part 4): Allocating Discounts
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Module 4 (Part 5): Allocating Variable Consideration In IFRS 15
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Module 4 (Part 6): Changes in The Transaction Price In IFRS 15
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IFRS 15: Module 5
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14 Topics
Module 5 (Part 1): Recognizing Revenue Over Time
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Module 5 (Part 2): Recognizing Revenue at a Point in Time
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Module 5 (Part 3): Transfer of control in IFRS 15
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Module 5 (Part 4): Performance Obligations Satisfied Overtime
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Module 5 (Part 5): Enforceable rights to payment for performance completed TD
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Module 5 (Part 6): Selecting a Method to Measure Progress Under IFRS 15
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Module 5 (Part 7): Understanding the “as invoiced” Practical Expedient
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Module 5 (Part 8): Performance Obligations Satisfied at a Point in Time
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Module 5 (Part 9): Repurchase Agreements in IFRS 15
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Module 5 (Part 10): Consignment Agreement inIFRS 15
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Module 5 (Part 11): Bill-and-hold arrangements in IFRS 15
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Module 5 (Part 12): Customer Acceptance in IFRS 15
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Module 5 (Part 13): Sale With a Right of Return
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Module 5 (Part 14): Warranties
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IFRS 15: Module 6
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3 Topics
Module 6 (Part 1): Accounting for Costs of Obtaining a Contract
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Module 6 (Part 2): Accounting for Costs of Fulfilling a Contract
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Module 6 (Part 3): Amortization and Impairment of Contract Costs
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IFRS 15: Module 7
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1 Topic
Module 7: Contract Modifications
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IFRS 15: Module 8
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1 Topic
1 Quiz
Module 8: Presentation and Disclosure
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IFRS 15 Quiz
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