International Financial Reporting Standards

Teacher(s)

Ankaert Joffrey;

Language

French

Prerequisites

/

Main themes

This course covers the recurring IAS/IFRS standards and their interpretations, and offers:

• an analysis of the various IAS/IFRS standards relevant to financial statement analysis;
• a comparison with Belgian legislation;
• a range of concrete examples and case studies related to the selected standards.

Learning outcomes

At the end of this learning unit, the student is able to :
1	At the end of this teaching unit, the student will be able to interpret and rigorously apply the international IFRS accounting standards analyzed.

Content

Part 1 - Introduction to the Application of IFRS and First-Time Adoption of IFRS
Part 2 - Conceptual Framework for Financial Reporting and General Principles of Financial Statement Presentation and Measurement
* IAS1/IFRS18 - Presentation of Financial Statements
* IAS34 - Interim Financial Reporting
* IFRS13 - Fair Value Measurement 
* IAS10 - Events After the Reporting Period
* IAS7 - Statement of Cash Flows
* IAS8 - Accounting Policies, Changes in Accounting Estimates, and Errors
* IAS24 - Related Party Disclosures
* IFRS8 - Operating Segments
* IAS33 - Earnings per Share
Part 3 - Assets
* IAS16 - Property, Plant, and Equipment
* IAS23 - Borrowing Costs
* IAS20 - Accounting for Government Grants
* IAS38 - Intangible Assets
* IAS40 - Investment Property
* IAS2 - Inventories
* IAS36 - Impairment of Assets
* IFRS5 - Non-Current Assets Held for Sale and Discontinued Operations
* IFRS16 - Leases
* IFRS9 - Financial Instruments
* IFRS15 - Revenue from Contracts with Customers
Part 4 - Liabilities
* IAS37 - Provisions, Contingent Liabilities, and Contingent Assets
* IAS19 - Employee Benefits
* IFRS2 - Share-Based Payments
* IAS12 - Income Taxes
* IFRIC23 - Uncertainty over Income Tax Treatments
Part 5 - Business Combinations, Consolidation, and Investments
* IFRS3 - Business Combinations
* IFRS10 - Consolidated Financial Statements
* IAS21 - The Effects of Changes in Foreign Exchange Rates
* IFRS11 - Joint Arrangements

Teaching methods

Ex-cathedra lectures illustrated with case studies related to the analyzed standards.

Evaluation methods

Written exam and active participation during the classes.

Online resources

• https://www.iasplus.com/en
• https://www.ifrs.org/
• https://kpmg.com/xx/en/what-we-do/services/audit/corporate-reporting-institute/ifrs/toolkit/new-standards-effective-dates.html
• https://www.ey.com/en_gl/ifrs-technical-resources
• https://kpmg.com/xx/en/what-we-do/services/audit/corporate-reporting-institute/ifrs/toolkit/insights-practical-application-guide.html

Bibliography

IFRS : la pratique - Normes internationales d'information financière - T. Carlier, F. Elouch, V. Weets

Faculty or entity

> CLSM