The good news is that this app is suitable for commerce and business undergraduate, postgraduate and MBA students, its also suitable good news for professionals and experienced people who haven’t time to study IFRS or accounting.
This App is recommended for the candidate of CIA, CISA, CMA, ACA, ACCA and chartered accountant (Expertise comptable).
We should mention that this app is the first step to become a certified public accountant CPA.
International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB) that is becoming the global standard for the preparation of public company financial statements.
This app contains the following chapters:
1- Are you ready to start?
2- Is IFRS good for anything?
3- Skeleton of IFRS
4- Where is Balance Sheet?
5- The statement of cash flows
6- Making the First IFRS Financial Statements?
7- New Seats in an Old Aircraft?
8- To capitalize or not to capitalize
9- Impairment loss of a pizza oven
11- When Can We Recognize Revenue?
12- Construction Contracts
13- Borrowing Costs
14- Leases = Off-Balance Sheet Item?
15- How to Make Consolidation
16- Less Than a 50% Share?
17- EUR, GBP, USD, JPY...
18- Earnings per Share
19- Accounting Errors... And More!
20- IAS 39 and IFRS 9 = Confusing?
21- Facing a Lawsuit?
22- IFRS + Tax Rules = IFRS Deferred Tax
23- Employee Benefits
24-How to Report Shares Granted to Employees
25- The 5 biggest changes in IFRS
26- Brief IFRS Glossary
27- How to become a CPA
28- Reminder of some management concepts
Why should we study IFRS ?
International Accounting Standards (IASs) were issued by the antecedent International Accounting Standards Council (IASC), and endorsed and amended by the International Accounting Standards Board (IASB). The IASB will also reissue standards in this series where it considers it appropriate.
What are the advantages of converting to IFRS?
By adopting IFRS, a business can present its financial statements on the same basis as its foreign competitors, making comparisons easier. Furthermore, companies with subsidiaries in countries that require or permit IAS may be able to use one accounting language company-wide. Companies also may need to convert to IFRS if they are a subsidiary of a foreign company that must use IFRS, or if they have a foreign investor that must use IAS. Companies may also benefit by using IAS if they wish to raise capital abroad.