IFRS for SMEs training modules

The IFRS Foundation is developing stand-alone training modules, one for each section of the 2015 version of the IFRS for SMEs Standard. Materials will be made available as they are completed in the coming months.

Each module includes the following:

  • Introduction—an overview of the module, including:
    • Learning objectives—a description of the capabilities and competences that the learner should attain by successfully completing the module.
    • The IFRS for SMEs Standard and the material that accompanies, but does not form part of, the Standard.
    • An overview of the requirements of the section, ie a brief technical summary.
  • Requirements—the full text of the section of the IFRS for SMEs Standard with added notes and worked examples. The notes and examples are designed to clarify and illustrate the requirements.
  • Significant estimates and other judgements—a discussion of significant estimates and other judgements in accounting for transactions and events in accordance with that section of the IFRS for SMEs Standard.
  • Comparison with full IFRS Standards—a summary of the main differences between this section of the IFRS for SMEs Standard and the corresponding full Standard.
  • Test your knowledge—a collection of multiple-choice questions (with answers) designed to test the learner's knowledge of the requirements of this section of the IFRS for SMEs Standard.
  • Apply your knowledge—a collection of case studies (with solutions) designed to develop the learner's ability to account for transactions and events in accordance with this section of the IFRS for SMEs Standard.

Please note: The IFRS education materials contain a copyright notice and terms for the allowed use of the materials. Please ensure that you read the notice and terms before using the materials. The terms and conditions for our website can be found here. The training material has been subject to multi-level peer review. It has not been approved by the Board.

Old modules based on the 2009 version of the IFRS for SMEs Standard maybe be obtained by contacting us but it is important to note this material may not be fully consistent with the new requirements.

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