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Exclusive Analysis of Financial Statements as per IFRS

  • Accountant
  • CPA/ABV
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • IAP
  • QIAL
  • CBA/MCBA
  • FPAC
  • CFIRS
  • CWS

Published: November, 2021

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Getting the financial statements
    14 mins
  • Basis for financial statements
    27 mins
  • From rules to principles
    47 mins
  • Publicly Accountable enterprises (PAEs)
    74 mins
  • IFRS annual asset impairment test checklist
    99 mins
  • When to reassess financial statements
    130 mins

Course Description

The adoption of IFRS will result in some significant changes when it comes to analyzing financial statements. For example, how do you compare the GAAP statements with the new IFRS statements, and how do the new asset valuation methods affect the asset values that are recorded on the balance sheet?

This CPE workshop shall walk you through the techniques that the expert presenter Michael Morley uses to analyze IFRS financial statements quickly and easily. The online CPE webinar will include practical examples that highlight the fundamental differences introduced by IFRS. As well, you will learn a unique approach to assessing a company’s cash flow and its subsequent ability to pay its bills and a return to its investors.

The webinar will cover the following key topics that you need to know for analyzing the financial statements as per IFRS

  • GAAP vs. IFRS.
  • The four key principles of IFRS.
  • A new valuation model - is Historical Cost gone completely?
  • How has revenue changed under IFRS - how crucial can it be?
  • Follow the money - deciphering the Cash Flow Statement.
  • Using financial statement notes to "decode" the numbers.
  • Developing a consistent methodology.
  • Practical examples.

In this online CPE webinar, the accounting expert Michael Morley shall outline a practical case. Then the house will be open for questions after you’ve worked on an analysis provided by the presenter. This will be an interactive session and will give you a hand-on practice of analyzing the complex financial statements.

Learning Objectives

  • IFRS financial statement analysis is a great tool for your job toolbox.
  • Add the flexibility of being able to analyse both IFRS and GAAP financial statements.
  • Learn a trick or two about how to quickly analyse and assess cash flow.
  • Understand and predict company behaviour when it comes to cash.
  • Acquire time-saving tips that let you make better and smarter decisions
  • Practice the analysis of complex financial statements in real-time
  • Get insight from the real world examples
  • Get your questions answered by a subject-matter expert
  • Share your insights with fellow professionals and learn about their inputs 

Recommended For

  • This online CPE Webinar is recommended for CPAs, CIA, IAP, QILA, CMA, CVA, ABV, and Other Accounting Professionals
  • This online CPE Webinar will be insightful for CEOs, CFOs, Business Owners, and Accounting and Finance managers or directors.
  • This online CPE Webinar is intended for accounting and finance professionals in publicly traded companies.
  • This online CPE Webinar will be insightful for senior management who oversees financial reporting.
  • This online CPE Webinar offers new insights to the perspicacious finance personnel.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 4 CPE Credit of Accounting & Auditing for Certified Management Accountants (CMA)
  • 4 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
  • 4 CPD Credit for Accredited in Business Valuation (ABV)
  • 4 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 4 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
  • 4 CPE Credit for Internal Audit Practitioner (IAP)
  • 4 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
  • 4 CPE Credit of Financial accounting for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 4 CRE Credit for Certified Corporate FP&A Professional (FPAC)
  • 4 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 4 CE Credit for Certified Wealth Strategist (CWS)
  • 4 General Credit for Accountant/Bookeeper

Additional details

  • Course Level :
    Basic
  • Credits :
    4
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

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MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Michel Morley

Founder, Mike Morley

Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.

An entertaining and informative speaker and trainer, Mike is the author of:

“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

 “Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

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