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IFRS REFRESHER MODULES

Training that is compartmentalized, easy-to-read and CPD-certified, with individualized tutor feedback and customized resources, full of motivating and real-life examples, Test Your Knowledge Questions, case studies, all for the working (and busy!) professional.

This is text-based training (no videos).

Browse our comprehensive list of IFRS Refresher modules:

Employee Benefits

Explores a range of employee remuneration arrangements with special focus on post-employment benefits.

CPD units: 15

  • Types of employee benefits
  • Recognition and measurement of short-term employment benefits
  • Post-employment benefits: Defined contribution plans
  • Post-employment benefits: Defined benefit plans
  • Accounting for other long-term benefits
  • Termination benefits

1-year access is granted within 24 hours.

Financial Instruments

Covers all aspects of accounting for financial instruments, from the mechanics of amortised cost to embedded derivatives and hedge accounting.

CPD units: 15

  • IFRS 7: Financial Instruments: Disclosures
    • Information about the significance of financial instruments
    • Information about the nature and extent of risks arising from financial instruments
  • IFRS 9: Financial Instruments
    • Background as to the replacement of IAS 39
    • Recognition and classification
    • Measurement and impairment
    • Reclassification, derecognition and modifications
    • Derivatives and hedging

1-year access is granted within 24 hours.

Revenue Recognition

Offers a comprehensive review of the accounting rules pertaining to the recognition of various sources of revenue.

CPD units: 15

  • Background as to the replacement of all revenue-related standards by IFRS15
  • Study of the new 5-Step revenue recognition model
  • Identification of the performance obligations in a contract
  • Measurement of the transaction price
  • Recognition of revenue over time vs. a point in time
  • Special considerations such as warranties, repurchase options, principal vs agent, customer and licensing

1-year access is granted within 24 hours.

***Note for European Union customers: Value added tax will be added to the amount. If you have a valid VAT number, please contact us
after you make a payment and we’ll refund you the full VAT.

Cannot pay with PayPal? Please CLICK HERE.

Assets I

Provides an integrated discussion on the main issues involved in accounting for the most common non-financial asset types.

CPD units: 15

  • IAS 16: Property, Plant and Equipment
    • Recognition and initial measurement, including expenditure items that must be capitalised
    • Dismantling, removal and restoration costs
    • Cost model and revaluation model, including the treatment of gains and losses on revaluation
    • Depreciation
    • Derecognition, presentation and disclosure
  • IAS 40: Investment Property
    • Recognition, including special cases, for example combined use
    • Initial measurement
    • Subsequent measurement, including the cost and fair value models
    • Derecognition, transfers and disclosure
  • IAS 38: Intangible Assets
    • Recognition
    • Initial measurement
    • Subsequent measurement including cost and revaluation models
    • Useful life, including finite and indefinite useful life intangibles
    • Derecognition and disclosure
    • Amortisation
  • IAS 2: Inventories
    • Recognition
    • Initial measurement of acquired and manufactured inventories
    • Subsequent measurement, including cost formulae and write down to net realisable value

1-year access is granted within 24 hours.

Assets II

Explores issues common across asset categories such as impairment, borrowing costs and the treatment of assets held for sale.

CPD units: 15

  • IAS 23: Borrowing costs
    • Scope of IAS 23
    • Qualifying assets
    • Determination of borrowing costs to be capitalised with regard to general borrowings and specific borrowings
    • Capitalisation period
  • IAS 20: Accounting for Government Grants and Disclosure of Government Assistance
    • Definition of government grants and government assistance
    • Grants relating to assets
    • Grants relating to income
    • Grants relating to past expenses
  • IAS 36: Impairment of Assets
    • Scope of IAS 36
    • Frequency of impairment testing
    • Indications of impairment
    • Impairment of a single asset
    • Impairment of a cash generating unit
    • Reversal of impairment losses
  • IFRS 5: Non-current Assets Held for Sale and Discontinued Operations
    • Recognition, measurement and presentation of non – current assets held for sale, including disposal groups

1-year access is granted within 24 hours.

Leases, Other Liability-Related IFRS

Discusses the IFRS requirements in respect of leases and related transactions such as sale and leaseback agreements.

CPD units: 15

  • IAS 17: Leases
    • Definition of a finance lease, including indications that a lease is a finance lease
    • Accounting for a finance lease in the lessee and the lessor financial statements
    • Implicit interest rate
    • Accounting for an operating lease in the lessee and the lessor financial statements including operating lease incentives
    • Sale and leaseback
    • Property leases
    • Current developments in lease accounting
    • Manufacturer or dealer lessors
  • IAS 37: Provisions, Contingent Liabilities and Contingent Assets
    • Recognition and measurement of provisions, including legal and constructive obligations
    • Onerous contracts, restructuring provisions and decommissioning provisions
    • Disclosure of contingent liabilities and contingent assets
  • IFRS 16 Leases:
    • Background
    • Recognition exemptions
    • Accounting by lessees
    • Accounting by lessors
    • Sale and leaseback transactions
    • Transition

1-year access is granted within 24 hours.

***Note for European Union customers: Value added tax will be added to the amount. If you have a valid VAT number, please contact us
after you make a payment and we’ll refund you the full VAT.

Cannot pay with PayPal? Please CLICK HERE.

Business Combinations

Offers a step-by-step guide to the accounting of a business combination, an associate and a joint venture.

CPD units: 15

  • IFRS 10: Consolidated Financial Statements
    • Definition of control, including the definition of power and the distinction between substantive and protective rights and also de facto control
    • Definition of a subsidiary and when this must be consolidated
    • Date of acquisition
    • Consolidation procedures
    • Intercompany balances and transactions
    • Non-controlling interest
  • IFRS 3: Business Combinations
    • Definition of a business combination
    • Goodwill calculation, including consideration transferred, the net assets acquired and impairment testing
    • Gain on acquisition
    • Initial accounting determined provisionally
    • The two methods of accounting for non-controlling interest
  • IAS 27: Separate Financial Statements
    • Accounting policy choices for the investments in subsidiaries, associates and joint ventures in the separate financial statements of the
      parent or investor.
  • IAS 28: Investments in Associates and Joint Ventures
    • Definition of an associate
    • Equity method
    • Impairment testing
  • IFRS 11: Joint Arrangements
    • Definition of joint arrangements and determining the type of joint arrangement
    • Joint control
    • Accounting for a joint operation
    • Accounting for a joint venture
  • IFRS 12: Disclosure of Interests in Other Entities
    • Significant judgement and assumptions
    • Interest in subsidiaries
    • Interest in associates and joint arrangements
    • Interests in unconsolidated structured entities

1-year access is granted within 24 hours.

Group Accounting

Covers more advanced topics relevant to group accounting (for basics, please see Business Combinations).

CPD units: 15

  • Advance consolidations
    • Step acquisitions
    • Disposals
  • IAS 21: The Effects of Changes in Foreign Exchange Rates
    • Accounting for foreign exchange transactions in single entity financial statements
    • Acquisition of a foreign operation including the closing rate method of consolidation
    • Foreign exchange differences
    • Disposal of a foreign operation
  • IAS 29: Financial Reporting in Hyperinflationary Economies
    • Definition of hyperinflationary
    • Restatement of financial statements

1-year access is granted within 24 hours.

Taxation

Provides a comprehensive review of all tax-related accounting issues, deferred tax rules and their application to common business scenarios.

CPD units: 15

IAS 12: Income Taxes

  • Current tax
  • The concept of deferred tax
  • Recognition of deferred tax liabilities
  • Recognition of deferred tax assets
  • Movement of deferred tax
  • Deferred tax in consolidated financial statements, including the business combination exemption, fair value adjustments and elimination of unrealised profits
  • Deferred tax relating to share-based payment

1-year access is granted within 24 hours.

***Note for European Union customers: Value added tax will be added to the amount. If you have a valid VAT number, please contact us
after you make a payment and we’ll refund you the full VAT.

Cannot pay with PayPal? Please CLICK HERE.

Statement of Cash Flows

Gives practical insight into the mechanics of the statement of cash flows in single-entity and consolidated financial statements.

CPD units: 15

IAS 7: Statement of Cash Flows

  • Single entity statement of cash flows
  • Consolidated statement of cash flows, including the acquisition and disposal of subsidiaries and associates
  • Foreign exchange transactions and operations
  • Specific consideration of share-based payments and convertible instruments

1-year access is granted within 24 hours.

Update - Financial Instruments

Covers only the relevant recent updates of IFRS 9.

CPD units: 15

  • Background as to the replacement of IAS 39
  • Recognition and classification
  • Measurement and impairment
  • Reclassification, derecognition and modifications
  • Derivatives and hedging

1-year access is granted within 24 hours.

Update - Revenue Recognition

Covers only the relevant recent updates of IFRS 15.

CPD units: 15

  • Background as to the replacement of all revenue-related standards by IFRS15
  • Study of the new 5-Step revenue recognition model
  • Identification of the performance obligations in a contract
  • Measurement of the transaction price
  • Recognition of revenue over time vs. a point in time
  • Special considerations such as warranties, repurchase options, principal vs agent, customer and licensing

1-year access is granted within 24 hours.

***Note for European Union customers: Value added tax will be added to the amount. If you have a valid VAT number, please contact us
after you make a payment and we’ll refund you the full VAT.

Cannot pay with PayPal? Please CLICK HERE.

Update - Leases

Covers only the relevant recent updates of IFRS 16.

CPD units: 15

  • Background
  • Recognition exemptions
  • Accounting by lessees
  • Accounting by lessors
  • Sale and leaseback transactions
  • Transition

1-year access is granted within 24 hours.

Update - Business Combinations

Covers only the relevant recent updates of business combinations.

CPD units: 15

  • Subsidiaries
  • Associates and Joint Arrangements

1-year access is granted within 24 hours.

ANSWERS TO FREQUENTLY ASKED QUESTIONS

There are more differences between the two courses:

  • The IFRS Kit is a video-based course, the IFRS Refresher Modules are text-based courses (no video).
  • The IFRS Kit covers most IFRS topics. The IFRS Refresher Modules cover each one topic. If you need to cover more topics, you need to buy more modules.
  • The author of the IFRS Kit is Silvia, the founder of IFRSbox.com. The author of the Refresher Modules are external tutors and consultants.
  • You can get up to 60 CPDs for the IFRS Kit (depending on number of quizzes you pass). For one IFRS Refresher Module, you get 15 CPDs.
  • The IFRS Kit contains downloadable excel files and handouts, the Refresher Modules do not.
  • You will get real tutor’s feedback with the IFRS Refresher Module, the IFRS Kit is a self-study course.

Not a problem, your tutor is here to help. You can use our internal messaging system to ask questions in case you did not understand something covered within the module.

Yes, absolutely. Once you click “Buy Now” button, you will be transferred to either PayPal or FastSpring, which are both well-known reliable payment gates. We don’t see any of your payment details except for your name and e-mail address.

Currently we do not provide any discounts when buying more modules. If you need to buy the IFRS Refresher Modules for more than one participant, please let us know and we can provide a discount.

After you make a payment either with PayPal or directly with your credit card, please let us know which module you would like to study. We will grant you the access within 24 hours from your purchase.

No hard copies are delivered. You will receive login information and study online.

“Financial Instruments” is a comprehensive module that covers complex financial instruments from scratch. Thus, it does not assume that you know anything about this topic.

“Update” contains the new materials in IFRS 9 assuming that you already know the basics of financial instruments. Here, you start learning at the higher level.

If you know IFRS well and you just need update, then select “Update”. If you would like to learn the topic from the beginning, then select “Financial Instruments” comprehensive module.

The same applies to Revenue recognition, Business combinations and Leases, too.