IFRS e-Learning
View the online demonstration of IFRS e-learning course.
This comprehensive, easy to use IFRS e-learning course was designed by the subject matter experts at PricewaterhouseCoopers to improve technical understanding and application of International Financial Reporting Standards (IFRS). The course has been in use at PricewaterhouseCoopers and other major organisations across the world since 2001 and is regarded as the most comprehensive IFRS training course available world-wide.
Who is the target audience?
This IFRS e-learning course was designed for reporting teams, company executives and accounting professionals.
It can be used as a standalone introduction, as a foundation to classroom training, or as a refresher or reference tool. The target audience includes:
- Analysts and anyone making business decisions based on IFRS financial statements;
- Executives involved in preparing IFRS financial information;
- Board members and managers preparing for IFRS transition and embedding; and
- Accounting professionals using IFRS for their company’s statutory, regulatory and management reporting.
How is it delivered?
The course is typically delivered online. Users will be given login details for the course and can get online, from anywhere in the world at a time and place of convenience.
For corporate programmes, the course can also be delivered via your Intranet, corporate network or on CD-ROM and is compatible with all systems.
Why was it developed?
P2P IFRS was developed and updated to help organisations that have changed, or are planning to change, to International Financial Reporting Standards. Over 90% of the world’s leading economies either require IFRS or are converging with it, so few companies today can afford to ignore the need for their staff to understand IFRS. For many organisations, however, training staff to be literate is the global financial reporting language is a significant challenge.
P2P IFRS was devised by PwC IFRS experts to provide a ‘just in time’ solution for this knowledge gap on IFRS. It is intended to help people understand what IFRS is about, and reduce the risk of errors in financial reporting and unwanted surprises in the market.
P2P IFRS has proved a successful way of supporting the training of staff throughout an organisation, from senior management and audit committee members who need to understand the impact of IFRS on strategic issues and business operations, to executives involved in preparing financial information. It is also useful for investors and other stakeholders who need a sound understanding to make informed business decisions based on IFRS information.
Can I see a demonstration?
Yes, view our online IFRS e-learning course demonstration to experience the course for yourself.
What are the benefits?
- Interactive – each learning module includes structured learning points that engage the user by setting them in a real business context and testing the user’s understanding throughout the program.
- Innovative – an electronic learning solution for IFRS that is available on a CD-ROM or via the web.
- Invaluable – users will be able to put their knowledge into practice both during and after conversion of a company’s financial reporting to IFRS.
- Initiative – users can test their knowledge of each section and walk away with a certificate to demonstrate their competence.
- Just in time – unlike traditional lecture courses, users can explore the part of IFRS they need at a pace to suit them, whenever and wherever they need it.
IFRS e-Learning Course Content Guide
23 hours of interactive learning, broken down into 40 separate modules, each taking 20 to 60 minutes to complete. This makes it easy for users to identify which part of the learning material they need and enables them to study the modules in whatever order suits them.
P2P IFRS includes the recent updates to the IASB standards.
The P2P IFRS modules are:
INTRODUCTION
- OVERVIEW OF IASB AND IFRS
- FINANCIAL STATEMENTS
- IASB FRAMEWORK, PRINCIPLES AND POLICY
- BALANCE SHEET
- STATEMENT OF COMPREHENSIVE INCOME
- CASH FLOW STATEMENT
- FIRST-TIME ADOPTION OF IFRS
CONSOLIDATION
- SUBSIDIARIES
- ASSOCIATES
- JOINT VENTURES
- FOREIGN CURRENCIES
- BUSINESS COMBINATIONS
ASSETS
- INTANGIBLE ASSETS
- PROPERTY, PLANT AND EQUIPMENT
- INVESTMENT PROPERTY
- INVENTORY
- EXPLORATION AND EVALUATION ASSETS
- IMPAIRMENT
LIABILITIES
- PROVISIONS AND CONTINGENCIES
- TAX
- EMPLOYEE BENEFITS
- GOVERNMENT GRANTS
PROFIT AND LOSS AND EQUITY
- REVENUE
- EARNINGS PER SHARE
- RELATED PARTY DISCLOSURES
- CONSTRUCTION CONTRACTS
- SHARE BASED PAYMENTS
FINANCIAL INSTRUMENTS
- INTRODUCTION TO FINANCIAL INSTRUMENTS
- RECOGNITION AND DERECOGNITION OF FINANCIAL INSTRUMENTS
- NON-DERIVATIVE FINANCIAL ASSETS
- DEBT EQUITY
- DERIVATIVES AND HEDGING
- LEASING
- INSURANCE
- DISCLOSURE OF FINANCIAL INSTRUMENTS
PRESENTATION
- HYPERINFLATION
- SUBSEQUENT EVENTS
- OPERATING SEGMENTS
- NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS
ILX is the development partner of PricewaterhouseCoopers for the P2P IFRS - from principle to practice electronic learning solution. Designed by the subject matter experts at PricewaterhouseCoopers and used internally and externally since 2001, P2P IFRS is available in a CD ROM format or as an on-line service.