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Track 15 · Advanced

Professional Accounting Standards

A structured pathway through IFRS concepts and standards, US GAAP comparisons and standards-based cases, mapped to the exercises that test them.

This is a learning pathway with summaries in our own words. It doesn't reproduce standards text; refer to the official IFRS Foundation and FASB publications.

Lessons
5
Exercises
44
Time
2 h 20 min

Module 1

Standards pathway

  1. 01

    IFRS, US GAAP and local frameworks

    Explain who sets standards, where they apply and why frameworks aren't interchangeable.

    Classification · Concept checks

    Members20 min
  2. 02

    IFRS versus US GAAP: key differences

    Compare treatments of inventory, development costs, revaluation and cash-flow classification.

    Journal entries · Worksheets · Calculations · Classification · Concept checks

    Members35 min
  3. 03

    How to read a standard

    Find the objective, scope, recognition and measurement requirements in a standard.

    Classification · Concept checks · Sequencing

    Members20 min
  4. 04

    Financial reporting terminology

    Use the terms of the standards precisely.

    Calculations · Classification

    Members25 min
  5. 05

    Standards-based cases

    Resolve short cases by identifying the relevant standard and treatment.

    Journal entries · Worksheets · Calculations · Classification · Concept checks

    Members40 min