Course Overview

Hello and welcome to EarthTab Business School. My name is Nicolas Moreau and I will be your course preceptor for the course, International Financial Reporting Standard (IFRS)

This course provides a comprehensive, in-depth understanding of the International Financial Reporting Standards (IFRS) , the globally accepted framework for financial reporting. Developed and maintained by the International Accounting Standards Board (IASB), IFRS aims to bring consistency, transparency, and comparability to financial statements across international borders, facilitating global investment, cross-border trade, and regulatory compliance.

This course is structured to equip you, whether accountants, auditors, financial analysts, or policy makers with the technical proficiency, theoretical understanding, and practical insight needed to interpret, apply, and critique IFRS principles in a variety of global business contexts. From core concepts and measurement techniques to complex reporting scenarios, the course also delves into sector-specific applications, convergence with GAAP, and emerging global challenges in the IFRS landscape.

Learning Objectives

By the end of this course, you will be able to:

1. Understand the origin, purpose, and governance structure of the IFRS.
   
   

2. Comprehend and apply the Conceptual Framework for Financial Reporting.
   
   

3. Correctly apply IFRS recognition, measurement, presentation, and disclosure requirements.
   
   

4. Differentiate IFRS from other accounting systems such as US GAAP, and understand their convergence challenges.
   
   

5. Prepare IFRS-compliant financial statements, including statements of financial position, comprehensive income, cash flows, and changes in equity.
   
   

6. Apply IFRS to sector-specific issues (e.g., insurance, agriculture, extractive industries).
   
   

7. Evaluate the implications of IFRS for corporate governance, international investment, taxation, and auditing.
   
   

8. Navigate complex topics such as fair value measurement, financial instruments, leases, and business combinations.
   
   

9. Analyze recent amendments, ongoing projects, and the future direction of IFRS.
   
   

Teaching Methods and Pedagogy

• Case studies: Real-life application across different industries and continents
  
  

• IFRS vs. GAAP comparative analysis
  
  

• Practical exercises: Preparation of full IFRS financial statements
  
  

• Interactive discussions: Latest IFRS updates and exposure drafts
  
  

• Project work: Reporting under IFRS in a multinational context
  
  

Target Audience

This course is designed for:

• Accountants and auditors
  
  

• Finance managers and CFOs
  
  

• Business and finance students
  
  

• Corporate lawyers and regulators
  
  

• International investors and analysts
  
  

• Nonprofits and NGOs with international operations
  
  

 Learning Outcomes

Upon successful completion, you will be able to:

• Analyze and interpret IFRS-based financial statements with confidence
  
  

• Prepare IFRS-compliant reports from raw accounting data
  
  

• Advise organizations on IFRS implementation strategy
  
  

• Support international business decisions using IFRS-aligned insights
  
  

• Maintain compliance in a globally regulated environment
  
  

Capstone Project (Optional)

 You may be required to:

• Prepare a full set of IFRS-compliant financial statements for a hypothetical multinational enterprise
  
  

• Identify and resolve complex IFRS issues (e.g., lease remeasurement, deferred taxes, goodwill impairment)
  
  

• Present financial analysis comparing IFRS vs. GAAP results
  
  

Certification and Assessment

• Quizzes at the end of each module
  
  

• Final 50-question exam
  
  

• IFRS Statement Preparation Assignment
  
  

• Certificate of Completion issued by [Academy or Institution Name]
  
  

Final Takeaway

In a world where capital is increasingly global and companies compete across jurisdictions, fluency in IFRS is no longer optional, it’s a strategic advantage. This course not only imparts technical expertise but builds the critical thinking, global perspective, and ethical mindset needed to be a leader in international financial reporting. 

I look forward to congratulating you upon the completion of this course.