This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IFRS Foundation publishes Education Initiative's teaching material

  • IFRS Foundation badge (dk green) Image

Jan 30, 2013

The IFRS Foundation has published the first part of its Education Initiative’s comprehensive framework-based IFRS teaching material. The free-to-download teaching material was designed to assist educators in teaching IFRSs more effectively.

The material was developed to support those teaching IFRSs, helping them to progressively develop students' abilities to make the necessary estimates and judgements when applying IFRSs and IFRS for SMEs. The material is presented in three stages to accommodate students at different levels in their learning process:

    • Stage 1 — A student’s first financial reporting course.
    • Stage 2 — A financial reporting course mid way to qualifying as a CA or CPA.
    • Stage 3 — A course immediately before qualifying as a CA or CPA.

      Because Stage 3 requires students to make estimates and other judgements that are necessary when accounting for economic phenomena (transactions, conditions, and events), it is critical that the teaching guide for Stage 3 lessons not be distributed to future students. The teaching notes that supplement Stage 3 are only available via application to the Education Initiative staff.

      The material covers nonfinancial assets with a particular focus on property, plant, and equipment. The education staff is currently working on similar material on the following topics: liabilities, business combinations, and consolidations, with other topics to follow. The next batch of material is tentatively scheduled for posting on the IASB’s Web site in the second half of 2013.

      Click for:

      Related Topics

      Correction list for hyphenation

      These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.