An introduction to IFRS


This course provides a concise introduction to the preparation of financial statements under IFRS Standards. It considers the sources of IFRS Standards, the presentation of financial statements, and some of the key accounting treatments.


This course covers the fundamentals of the IFRS Standards regime. It first considers the source of the regime, its various elements, and their significance.

It goes on to consider the formats and presentation of the primary financial statements, considering the various choices to be made. The final section of the course then considers the core accounting treatments in many of the most significant areas of the financial statements.

Learning outcomes:

On completion of this course, you will have a greater understanding of how to:

  • Determine the impact that the use of IFRS Standards has on financial statements
  • Assess the choices available in the preparation of those financial statements
  • Prepare financial information in compliance with IFRS standards

Course Content: 

  • Background to IFRS
  • Format and presentation
  • Key accounting treatments
    • Asset valuation
    • Property, plant & equipment
    • Intangible assets and goodwill
    • Investment properties
    • Impairments
    • Leases
    • Financial instruments
    • Revenue
    • Employee benefits
    • Provisions and contingencies
    • Income taxes
    • Foreign currency transactions

Authored by:

Bruce Cowie, Head of Financial Reporting at BPP Professional Devlopment

Bruce Cowie is the Head of Financial Reporting Programmes at BPP Professional Development. He has been training full time in Financial Reporting topics since 1985, and has an expertise in IFRS, UK GAAP and US GAAP. He has trained across the world (e.g. USA, Europe, APAC, Australia, Argentina) for large multinationals, small and medium sized companies, accounting firms, professional bodies and Government entities, and still maintains a genuine love for his subjects. He has spent a considerable time in training firms for the transition to IFRS and to the new UK GAAP.

A CPD certificate of completion will be provided by BPP Professional Education Limited upon successful completion of the online course.

CPD Points: 1

CPD Duration (hours): 1

Access: 12 months from purchase date

Price: £35.00 (excludes VAT)