Online modules providing a high level overview of IFRSs, together with a range of accessible ‘bite sized’ modules that cover separate issues.
The following online materials include guidance and examples to demonstrate how the principles in AASB 1058 Income of Not-for-Profit Entities and AASB 15 Revenue from Contracts with Customers apply to NFPs in practice.
The following online materials include guidance and examples to demonstrate how the principles in IFRS apply in practice, including summaries of recent agenda decisions of the IFRS Interpretations Committee (IFRIC).
Amendments to IAS 1 - Classification of liabilities as current or non-current
Classification and measurement of financial assets and financial liabilities Impairment of financial assets Applying IFRS 9 to related company loans Disclosures – Corporates (IFRS 7)
IFRS 15: Overview IFRS 15: Step 1 – Identify the contract IFRS 15: Step 2 – Identify the separate performance obligations in the contract IFRS 15: Step 3 – Determine the transaction price IFRS 15: Step 4 – Allocate the transaction price IFRS 15: Step 5 – Recognise revenue IFRS 15: Principal vs Agent IFRS 15: Licencing IFRS 15: Contract costs IFRS 15: Treatment of onerous contracts IFRS 15: Transition IFRS 15: Disclosures IFRIC agenda decision – Training costs to fulfil a contract
IFRS 16: Introduction IFRS 16: Reccognition exemptions IFRS 16: Identifying a lease IFRS 16: Determining the lease term (lessee) IFRS 16: Recognition and measurement (lessee) IFRS 16: Sale and leaseback transactions IFRS 16: Presentation IFRS 16: Lessor accounting IFRS 16: Transition IFRIC agenda decision – Lease term for renewable and cancellable leases IFRIC agenda decision – Definition of a lease: Decision-making rights IFRIC agenda decision - Sale and leaseback with variable payments
Associate Director, IFRS Advisory, Sydney