Participants will be introduced to all International Financial Reporting Standards (IFRS) included in the CPA Canada Handbook – Accounting, Part I, with a focus on the standards most commonly applied by profit-oriented entities. Participants will learn foundational IFRS concepts and explore application issues through examples and exercises.

• Professionals working in financial reporting for publicly accountable enterprises or entities applying IFRS. 
• Individuals who read or analyze IFRS financial statements. 
• Professionals who need to explain IFRS standards to stakeholders. 
• Audit committee members seeking an understanding of IFRS. 

By the end of this course, participants should be able to: 

• Identify who is required or permitted to apply IFRS. 
• Describe IFRS standards that apply broadly to profit-oriented entities. 
• Identify changes to IFRS and their impact on financial statements. 
• List relevant IFRS resources.

Topics include: 

• IFRS overview, conceptual framework, and fair value measurement. 
• Financial statement presentation and foundational IFRS topics. 
• Revenue, property, plant and equipment, investment property, intangible assets, leases, and impairment of assets. 
• Financial instruments, income taxes, provisions, and strategic investments. 
• Other IFRS standards (e.g., business combinations, government grants, earnings per share, employee benefits, foreign exchange). 
• Specialized industry areas, including agriculture, mining, insurance, and rate-regulated entities. 
• First-time adoption considerations. 
• Key reference tools and resources. 

Course Content Created: July 2025

Presenter

About This Product

On-Demand Courses by CPA PRO are either video recordings from live seminars, or video recordings produced specifically for the on-demand audience. Where available, accompanying materials such as handouts or course notes are included.On-demand courses are eligible for verifiable CPD hours upon successful completion, and a certificate will be made available for download for your records.

Note that some courses comprise both formal instruction and self-directed exercises. In such cases, participants must complete both components to claim full CPD hours, or must reduce their reported CPD hours accordingly.

Please note that not all on-demand courses include downloadable materials such as course notes or slides.

How to get started

After completing your purchase, go to mylms.bccpa.ca. Log in using your CPABC Online Services credentials. Click Go to Your Courses and Materials to access your Learning Center. Select your course title to begin.