Free IFRS eLearning Training Modules

As global capital markets become increasingly integrated, many countries are moving to International Financial Reporting Standards (IFRS). For example, in the European Union, companies with publicly traded shares or debt on a European exchange must use IFRS for their financial reporting for year ends beginning on or after 1 January 2005. Research by the world's six largest accountancy firms shows that an overwhelming majority of countries — more than 90 percent of a total 59 countries surveyed — intend to converge with International Financial Reporting Standards (IFRS).

Deloitte has developed a series of IFRS training modules which are offered free (upon registration) as a public service. Each module (approximate size: 3MB) can be downloaded as a .zip file and provides:

• Real life scenarios to demonstrate application of the standards
• "Coach me" sections to explain the principles and theory
• Worked examples to show aspects of the standards in action
• Reference materials to support learning
• Printable certificate if you pass the assessment at the end of each module

Listing of available modules:

Using IFRS e-Learning IAS 1 Presentation of Financial Statements IAS 2 Inventories IAS 7 Cash Flow Statements IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors IAS 10 Events After the Balance Sheet Date IAS 11 Construction Contracts IAS 12 Income Taxes IAS 14 Segment Reporting IAS 16 Property, Plant and Equipment IAS 17 Leases IAS 18 Revenue IAS 19 Employee Benefits IAS 21 The Effects of Changes in Foreign Exchange Rates IAS 23 Borrowing Costs IAS 24 Related Party Disclosures IAS 27 Consolidated and Separate Financial Statements IAS 28 Investments in Associates IAS 29 Financial Reporting in Hyperinflationary Economies

IAS 31 Financial Reporting of Interests in Joint Ventures IAS 32/39 Accounting for Financial Instruments IAS 32/39 Hedge Accounting IAS 32/39 Derecognition of Financial Instruments IAS 33 Earnings per share IAS 34 Interm Financial Reporting IAS 36 Impairment of Assets IAS 37 Provisions, Contingent Liabilities and Contingent Assets IAS 38 Intangible Assets IAS 40 Investment Property IAS 41 Agriculture Framework for the Preparation and Presentation of Financial Statements IFRS 1 First time Adoption of International Financial Reporting Standards IFRS 2 Share-based Payments IFRS 3 Business Combinations IFRS 5 Non-current Assets Held for Sale and Discontinued Operations

Click here to Register for IFRS e-learning