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IFRS Foundation publishes more free teaching material

 16 January 2014

The IFRS Foundation Education Initiative today published the second part of its comprehensive Framework based IFRS teaching material. 

The free-to-download teaching material is designed to assist those teaching IFRS to progressively develop their students’ ability to make the estimates and judgements that are necessary to apply IFRS and the IFRS for SMEs. The Framework-based teaching approach should also better equip students to update their IFRS knowledge and competencies continuously within the context of lifelong learning.

Translations of the material are available from the IFRS website in widely spoken languages—Arabic, Chinese, French, Portuguese, Russian and Spanish. It is also being translated into Japanese.

The material is prepared in separate sections to support the Framework-based IFRS teaching of CA/CPA stream or equivalent students at three stages:

Stage 1: a student’s first financial reporting course;
Stage 2: a financial reporting course midway to qualifying as a CA, CPA or equivalent; and
Stage 3: a course immediately before qualifying as a CA, CPA or equivalent.

The material published today is presented in four parts:

  1. Stage 3 material covering the IAS 8 hierarchy. This material focuses on enhancing the students’ ability to make the judgements that are necessary when there is no IFRS that specifically applies to a transaction, other event or condition. To do so effectively, the material includes a comprehensive case study that a teacher could use to explore, in class discussion, the judgements about the accounting and reporting of economic phenomena that are unfamiliar to the students.
  2. A series of multimedia presentations introducing IFRS teachers to Framework based teaching and to each part of the more comprehensive materials that are available.
  3. Updated Stages 1–3 material covering non-financial assets (2014 edition).
  4. New and updated Chinese-language, Portuguese-language and Spanish language translations of the material covering the IAS 8 hierarchy and non-financial assets.

Portuguese- and Spanish-language translations of the multimedia series will soon be published.

To ensure that the Stage 3 material remains effective in developing students’ ability to make judgements when accounting and reporting economic phenomena that are unfamiliar to the students, the teaching notes that accompany the case studies for Stage 3 classes are available at the sole discretion of the Education Initiative staff. The teaching notes are available only to those actively teaching IFRS, and on the condition that they are not distributed to others and are used for IFRS teachers’ own reading purposes only. *Please apply for access to these teaching notes..

Please note: the materials each contain terms of use that set out how the materials can be used both in print form and electronically. The teaching notes that accompany the Stage 3 case studies cannot be distributed, for the reasons given above. For the avoidance of doubt, these teaching materials cannot be used in or as a commercial product.


The material can be accessed by clicking on the hyperlinks in the following table.


Comprehensive teaching material Mulitmedia clips
  Introduction to Framework-based teaching 
Non-financial assets
       Introduction [PDF]
      Stage 1–Property, plant and
      equipment (PPE)
Introduction to Stage 1—PPE [PDF]
      Stage 2–PPE with other non-financial 
Is it an asset? [PDF]
Which IFRS asset? [PDF]
Recognise the asset?  [PDF]
How to measure the asset?  [PDF]
Depreciation [PDF]
      Stage 3–Non-financial assets [PDF] Introduction to Open Safari case study [PDF]
      Stage 3–The Open Safari case study 
    * Stage 3–Teaching notes that
      accompany the Open Safari case
 The IAS 8 hierarchy  
       Introduction [PDF]
       Stage 3–the IAS 8 hierarchy  [PDF] Introduction to the Amalgam case study [PDF]
       Stage 3–the Amalgam case study [PDF]
    * Stage 3–Teaching notes that accompany 
       the Amalgam case study [PDF]

The IFRS Education Initiative staff are currently developing similar material on the following topics: liabilities, business combinations and consolidations. Other topics will follow. The next batch of material is tentatively scheduled for posting on the IASB’s website in the second half of 2014.

Teacher training programme

To train IFRS teachers in the use of this material, the staff of the Education Initiative are arranging a series of Framework-based teaching workshops .usually around international and regional academic accounting association events. In the next few months, regional workshops are scheduled in Estonia (at the EAA Congress), Japan (Aoyama Gakuin University and IFRS Foundation Framework-based IFRS teaching workshop), the United Kingdom (at the IASB’s offices) and the United States (at the AAA IAS mid-year meeting). Discussions are progressing for similar regional workshops to be held in other parts of the world later in 2014.

Press enquiries:

Chris Welsh, Communications Manager, IFRS Foundation
Telephone: +44 (0)20 7246 6495