The IFRS Foundation Education Initiative today published the fourth and fifth parts of its comprehensive Framework-based IFRS teaching material. Batch 4 focusses on accounting for business combinations and consolidated financial statements. Batch 5 focusses on changing accounting policies and accounting estimates, correcting prior period errors and reflecting changes in circumstances.
The free-to-download teaching material is designed to assist those teaching IFRS to progressively develop in their students the ability to make the estimates and judgements that are necessary to apply IFRS and the IFRS for SMEs. This is in line with the IFRS Foundation’s strategic goal of supporting consistent application and implementation of IFRS Standards.
The material is aimed at students who are new to financial reporting and students close to qualifying as a Chartered Accountant or Certified Public Accountant. The material is accompanied by case studies.
Translations of the material into other languages will follow.
All teaching material can be accessed here.