The material was developed to support those teaching IFRS, helping them to progressively develop students' abilities to make the necessary estimates and judgements when applying IFRS 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 published today covers non-financial assets with a particular focus on property, plant and equipment. The education staff are 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 website in the second half of 2013.

Click for:

• Press release on the IASB website with links to the teaching material
• Upcoming IFRS teaching sessions being held worldwide (link to IASB website)