IFRS Foundation publishes free teaching material on accounting for liabilities

 17 June 2015

The IFRS Foundation Education Initiative today published the third part of its comprehensive Framework based IFRS teaching material. This batch is focused on accounting for liabilities.

The free-to-download teaching material is designed to assist those teaching IFRS to progressively develop in their students the ability to make the estimates and judgements that are necessary to apply IFRS and the IFRS for SMEs. This is in line with the IFRS Foundation’s strategic goal of supporting consistent application and implementation of IFRS.
The new material relates primarily to the accounting for liabilities in accordance with IFRS Standards.  It is presented in four parts and aimed at students who are new to financial reporting and students close to qualifying as a Chartered Accountant or Certified Public Accountant. The material covers how to introduce accounting for liabilities; classification of financial instruments with characteristics of equity; accounting for ‘forward’ contracts; and accounting for financial assets and liabilities. The material is accompanied by case studies.

Translations of the material into other languages will follow.

Teacher training programme

To train IFRS teachers in the use of this material, the staff of the IFRS Foundation Education Initiative are arranging a series of Framework-based teaching workshops, usually around international and regional academic accounting association events. In the next few months, workshops are scheduled in China, Colombia, Japan, Poland, Tanzania, South Korea, the United States (at the American Accounting Association annual meeting) and Zimbabwe.


Press enquiries:

Kirstina Reitan, Head of Communications, IFRS Foundation
Telephone: +44 (0) 20 7246 6960
Email: kreitan@ifrs.org

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