Why we work with academics
The IFRS Foundation believes that academics are important partners in our work to develop and promote the adoption and consistent application of International Financial Reporting Standards (IFRS Standards). The relationship brings benefits to both parties.
The IFRS Foundation benefits from engagement with academics and other researchers in a number of ways:
- High quality teaching of IFRS Standards:
- Creates a better understanding of accounting in future leaders of commerce and industry;
- Leads to better trained future accountants and consistent application of IFRS Standards; and
- Supports transition to IFRS Standards in the future in countries yet to adopt.
- High quality research of IFRS Standards
- Increases understanding of the role of IFRS standards in a local and international context; and
- Influences the development of future and current standards by providing evidence.
Academics and other researchers benefit from engagement with the IFRS Foundation in a number of ways:
- The availability of board materials on all IASB projects;
- Access to high quality implementation resources which include webcasts and podcasts by IASB staff, Board member articles etc on the project web pages;
- Access to a wide range of resources to assist academics to teach students to exercise the judgment needed for IFRS Standards application;
- Opportunities to bring students to the IFRS Foundation; and
- IASB input into research through specific events and programmes.
How we work with academics
The IFRS Foundation has a range of specific activities designed to engage with academics, including:
- IFRS Teaching sessions
Regional half-day IFRS teaching sessions in cooperation with regional academic accounting associations and others to assist IFRS teachers to implement framework-based teaching. The sessions also aim to encourage teaching that develops in students the ability to make the judgements that are necessary to apply principle-based accounting standards.
- IFRS for SMEs Train the Trainers workshops
Regional 'train the trainers' workshops, in cooperation with regional professional associations and the world's development agencies. These workshops are part of our programme to build capacity for the implementation of the IFRS for SMEs Standard, particularly in developing and emerging economies.
- IASB Workshop for Academics
Each year staff of the Education Initiative together with IASB technical staff hold a one-day event in London for those teaching IFRS Standards.
- IASB Research Forum
The Board holds an annual research forum in conjunction with an academic journal. Find out more about the 2017 Research Forum.
- Post-implementation Reviews (PIR)
The Board carries out a PIR of each new IFRS Standard or major amendment, generally 30-36 months after companies are first required to apply it. As part of that review, the Board often requests an academic literature review. Find out more about PIRs.
- Collaboration on research conferences
We present on IFRS Standards, for example at the European Accounting Association, the American Accounting Association and the African Accounting and Finance Association Conference
For all events please go to our events calendar and filter by event type (workshop or conference).
If you are an academic and would like to engage with us on any of the points listed above, please contact the education team. Please note that we are only able to respond to enquiries on these specific issues—we cannot give information about IFRS training courses globally, or answer technical accounting questions.
Further resources for academics
The following is a summary of resources that may be useful to academics:
- Framework-based teaching material: The IFRS Foundation makes available a range of framework-based teaching material in a variety of forms, which is widely used by IFRS teachers to develop students’ ability to make IFRS judgements. Much of that material is free to download and it is translated into a number of languages.
- eIFRS: Provides online access to IFRS Standards and interpretations in multiple languages, dating back to 2001.
- Our shop: A 20% discount is available on all eligible products to full-time university students and professors.
- IFRS Research Centre: The IFRS Research Centre provides information to support research of interest to the Board.
The IFRS Foundation website provides a wealth of resources to academics. We recommend that academics, particularly those teaching the standards, familiarise themselves with the following sections:
- Work plan: Describes the status of projects being worked on by the IASB and provides a way to access specific project pages
- Around the world: Detailed information about use of IFRS Standards by around 150 jurisdictions
- IFRS for SMEs: Training material to support the implementation of the IFRS for SMEs Standard
- Dashboard: Provides website users with the ability to receive updates and alerts about specific projects and themes
- Implementation support: Resources and materials to support implementation of recently introduced IFRS Standards