IFRS Foundations e-learning series

Introduction to IFRS - IAS 1 Presentation of Financial Statements

This e-learning course is part of an e-learning series designed by PwC Könyvvizsgáló Kft. which aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts who are already familiar with fundamental accounting and reporting processes.

Our instructors - experts in IFRS - designed the professional materials according to the IFRS Framework and the IAS 1 Presentation of financial statements standards currently in force. They made the curriculum more accessible by including practical examples and interim tests to help knowledge assessment.

The publication Illustrative IFRS Consolidated Financial Statements issued by PwC is part of the materials.

The e-learning introduces the following topics:

  • What is IFRS?
  • IFRS Framework
  • IAS 1 Presentation of Financial Statements
idő

45 minutes 

nyelv

Language: English, Hungarian, Russian

Kreditpont

Credits: 1 | ACCA CPD

ár

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demó

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IAS 2 Inventories

This e-learning course is part of an e-learning series designed by PwC Könyvvizsgáló Kft. which aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts who are already familiar with fundamental (Hungarian) accounting and reporting processes.

Our instructors - experts in IFRS - designed the professional materials according to the IAS 2 Inventories standard currently in force. They made the curriculum more accessible by including practical examples and interim tests to help knowledge assessment. The material ends with a test questionnaire.

The publication Illustrative IFRS Consolidated Financial Statements issued by PwC Könyvvizsgáló Kft. is part of the materials.

The e-learning introduces the following topics:

  • Introduction
  • Definitions: scope of IAS 2, types of inventories
  • Recognition: accounting for recognition and derecognition of inventories
  • Measurement: net realisable value, standard cost, weighted average cost, FIFO method, provision against inventories, reversal of provision
  • Disclosures
  • Test your knowledge
idő

45 minutes 

nyelv

Language: English, Hungarian

kredit

Credits: 1 | ACCA CPD

ár

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demó

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IAS 7 Cash flow statements

This e-learning course is part of an e-learning series designed by PwC Könyvvizsgáló Kft. which aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts who are already familiar with fundamental (Hungarian) accounting and reporting processes.

Our instructors - experts in IFRS - designed the professional materials according to the IAS 7 Cash flow statements standard currently in force. They made the curriculum more accessible by including practical examples and interim tests to help knowledge assessment. The material ends with a test questionnaire.

The publication Illustrative IFRS Consolidated Financial Statements issued by PwC Könyvvizsgáló Kft. is part of the materials.

The e-learning introduces the following topics:

  • Introduction
  • Definitions: the objective of cash flow statements, concept of cash flow statements, definitions; cash equivalents; classification of cash flows into cash flows from operating, investing and financing activities; direct and indirect method
  • Cash flows from operating activities
  • Cash flows from investing activities
  • Cash flows from financing activities
  • Other specific cash flows: taxation; associates and joint ventures; interest and dividend
  • Disclosures
  • Test your knowledge
idő

45 minutes

nyelv

Language: English, Hungarian, Russian

kredit

Credits: 1 | ACCA CPD

ár

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demó

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IAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors

Upon completion of this module you will be able to identify situations where accounting estimates are used, distinguish changes in accounting policies from changes in accounting estimates, identify situations where prospective and retrospective application is the correct approach and define proper accounting treatment for both models.

The course contains review questions after each of the course components. The purpose of these questions is to enhance understanding. The result of review questions does not count in your final quiz result.

The e-learning introduces the following topics:

  • Objective and scope: Definitions, Materiality, Accounting Policies, Changes in Accounting Estimates and Errors
  • Sources of accounting policies: Selecting and applying accounting policies 
  • Changes in accounting policy: Retrospective application, Transitional provision 
  • Changes in accounting estimates: Accounting estimates vs. accounting policies 
  • Errors: Correction of errors 
  • Disclosures: New accounting standards not yet effective, Change in accounting estimates
  • Final Quiz
idő

50 minutes

nyelv

Language: English, Hungarian

kredit

Credits: 1 | ACCA CPE

   

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IAS 10 - Events after the Reporting Period

Upon completion of this module you will be able to define whether an event is in the scope of IAS 10 and can be considered an event after the reporting period, distinguish adjusting and non-adjusting events and identify proper accounting treatment or disclosure in both cases.

The course contains review questions after each of the course components. The purpose of these questions is to enhance understanding. The result of review questions does not count in your final quiz result.

The e-learning introduces the following topics:

  • Objective and scope: What is background of this standard?, Events after the Reporting Period, Date of authorization
  • Adjusting events after the reporting period: Examples of adjusting events
  • Non-adjusting events after the reporting period: Examples of non-adjusting events
  • Going concern
  • Disclosures: PwC illustrative
  • Test your knowledge 
idő

40 minutes

nyelv

Language: English, Hungarian

kredit

Credits: 0,5 | ACCA CPE

   

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IAS 12 Income taxes

  • Introduction
  • Current taxes, origin of deferred taxes
  • Recognition: deferred tax liabilities, deferred tax assets, recognition exemptions
  • Losses carried forward
  • Measurement: initial measurement, determination of total tax rate, recoverability
  • Accounting: items recognised in profit and loss, other comprehensive income, equity
  • Disclosures
  • Final quiz
idő

45 minutes 

nyelv

Language: English

kredit

Credits: 1 | ACCA CPD

ár

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demó

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IAS 16 Property, plant and equipment

This e-learning course is part of an e-learning series designed by PwC Könyvvizsgáló Kft. which aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts who are already familiar with fundamental (Hungarian) accounting and reporting processes.

Our instructors-- experts in IFRS - designed the professional materials according to the IAS 16 Property, plant and equipment standard currently in force. They made the curriculum more accessible by including practical examples and interim tests to help knowledge assessment. The material ends with a test questionnaire.

The publication Illustrative IFRS Consolidated Financial Statements issued by PwC Könyvvizsgáló Kft. is part of the materials.

The e-learning introduces the following topics:

  • Introduction
  • Definitions: definition and categories of property, plant and equipments – land and buildings, vehicles and machinery, furniture, fixture and fittings, construction in progress
  • Recognition: types of recognition - component-based approach, aggregated value
  • Measurement: initial measurement – directly attributable costs, borrowing costs, qualifying assets; subsequent measurement – treatment of subsequent expenditures, depreciation, useful economic life of an asset, residual value, profit or loss on disposal of PP&E
  • Disclosures
  • Test your knowledge
idő

45 minutes

nyelv

Language: English, Hungarian, Russian

kredit

Credits: 1 | ACCA CPD

ár

Click here for the prices

demó

Demo video

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IAS 36 Impairment of assets

This e-learning course is part of an e-learning series designed by PwC Könyvvizsgáló Kft. which aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts who are already familiar with fundamental (Hungarian) accounting and reporting processes.

Our instructors - experts in IFRS - designed the professional materials according to the IAS 36 Impairment of assets standard currently in force. They made the curriculum more accessible by including practical examples and interim tests to help knowledge assessment. The material ends with a test questionnaire.

The publication Illustrative IFRS Consolidated Financial Statements issued by PwC Könyvvizsgáló Kft. is part of the materials.

The e-learning introduces the following topics:

  • Introduction
  • Definitions: definition of impairment, purpose of accounting for impairment, scope of IAS 36 Impairment
  • Recognition: impairment decision tree, triggering event review, impairment indicators, test for impairment
  • Measurement: recoverable amount, fair value less cost to sell, value in use, cash generating unit, reversal of impairment, limitation of the reversal of impairment, examples
  • Disclosures
  • Test your knowledge
  • idő

    45 minutes

    nyelv

    Language: English, Hungarian, Russian

    kredit

    Credits: 1 | ACCA CPD

    ár

    Click here for the prices

    demó

    Demo video

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IAS 37 Provisions, contingent liabilities and contingent assets

This e-learning course is part of an e-learning series designed by PwC Könyvvizsgáló Kft. which aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts who are already familiar with fundamental (Hungarian) accounting and reporting processes.

Our instructors - experts in IFRS - designed the professional materials according to the IAS 37 Provisions, contingent liabilities and contingent assets standards currently in effect. They made the curriculum more accessible by including practical examples and interim tests to help knowledge assessment. The material ends with a test questionnaire.

The publication Illustrative IFRS Consolidated Financial Statements issued by PwC Könyvvizsgáló Kft. is part of the materials.

The e-learning introduces the following topics:

  • Introduction
  • Definitions: definition of provisions, contingent assets and liabilities according to IFRS. How can we distinguish amongst liabilities? - trade payables, accruals, provisions, contingent liabilities.
  • Recognition: accounting for provisions – recognition criteria; obligating event; accounting treatment of contingent assets and liabilities, comparison of the accounting treatments; types of provisions, - specific provisions
  • Measurement: measurement of provisions - discounting, reversal, how to account for reimbursements
  • Disclosures
  • Test your knowledge
idő

45 minutes

nyelv

Language: English, Hungarian, Russian

kredit

Credits: 1 | ACCA CPD

ár

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demó

Demo video

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IAS 38 Intangible assets

Our instructors, who are experts in IFRS, designed the professional materials according to the IAS 38 Intangible assets standard currently in force. They made the curriculum more accessible by including practical examples and interim tests to help knowledge assessment. The material ends with a test questionnaire.

The publication Illustrative IFRS Consolidated Financial Statements issued by PwC Könyvvizsgáló Kft. is part of the materials.

The e-learning introduces the following topics:

  • Introduction
  • Definitions: key characteristics of intangibles, recognition criteria
  • Recognition: classification and initial recognition of internally generated and separately acquired intangible assets and intangibles acquired through business combinations
  • Measurement: initial and subsequent measurement of internally generated and separately acquired intangible assets and intangibles acquired through business combinations; amortisation and impairment
  • Disclosures
  • Test your knowledge
idő

45 minutes 

nyelv

Language: English, Hungarian

kredit

Credits: 1 | ACCA CPD

ár

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demó

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IFRS 9 Financial Instruments for Corporates

  • Introduction: overview, scope, definitions, debt instruments, equity instruments
  • Classification and measurement: decision tree, factors to consider, business model, SPPI test, financial assets and liabilities, derivatives
  • Impairment: 3 stage approach, calculation of expected credit loss, provision matrix calculations
  • Final quiz
idő

45 minutes 

nyelv

Language: English, Hungarian

kredit

Credits: 1 | ACCA CPD

ár

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demó

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IFRS 10 Consolidated financial statements

This e-learning course is part of an e-learning series designed by PwC Könyvvizsgáló Kft. which aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts who are already familiar with fundamental (Hungarian) accounting and reporting processes.

Our instructors - experts in IFRS - designed the professional materials according to the IFRS 10 Consolidated financial statements standard currently in force. They made the curriculum more accessible by including practical examples and interim tests to help knowledge assessment. The material ends with a test questionnaire.

The publication Illustrative IFRS Consolidated Financial Statements issued by PwC Könyvvizsgáló Kft. is part of the materials.

The e-learning introduces the following topics:

  • Introduction: why consolidate? definition of consolidated financial statements; investments – link between the level of control and the consolidation method
  • Consolidation process: consolidation adjustments – examples; goodwill and negative goodwill; non-controlling interest
  • Intra-group transactions and balances - examples
  • Disclosures
  • Test your knowledge
   
idő

45 minutes 

nyelv

Language: English, Hungarian, Russian

kreditpontok

Credits: 1 |  ACCA CPD

ár

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demó

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IFRS 13 - Fair value measurement

Upon completion of this module you will be able to define the underlying principle of IFRS 13, define fair values for assets and liabilities, identify different valuation techniques and determine the preferred method according to IFRS.

Each of this course’s components is followed by review questions. The purpose of these questions is to enhance understanding.

The e-learning introduces the following topics:

  • Objective and scope: Fair value, Scope exceptions
  • Measurement: Overview, Measurement steps
  • Valuation techniques: Approaches (Market, Cost, Income), Techniques
  • Disclosures: PwC's Illustrative Consolidated Financial statements
  • Final Quiz
idő

50 minutes

nyelv

Language: English

kredit

Credits: 1 | ACCA CPE

   

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IFRS 15 Revenue from contracts with customers

  • Introduction: scope
  • The Five-step approach:
    • STEP 1 – Identify the contract with the customer
    • STEP 2 - Identify the performance obligations in the contract
    • STEP 3 - Determine the transaction price
    • STEP 4 - Allocate the transaction price
    • STEP 5 – Recognize revenue
  • Final quiz
idő

45 minutes 

nyelv

Language: English, Hungarian

kredit

Credits: 1 | ACCA CPD

ár

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demó

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IFRS 16 Leases

  • Introduction: scope
  • Definition: identifying a lease, separating components of a contract, combination of contracts
  • Lessee accounting: lease liability, right-of-use asset
  • Lessor accounting: operating and finance leases, classification indicators
  • Lease term, exemptions, sublease
  • Final quiz
idő

45 minutes

nyelv

Language: English

kredit

Credits: 1 | ACCA CPD

ár

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demó

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Financial instruments - Related IFRSs for Banks

This module will cover the introduction to financial instruments, the classification and measurement as well as the impairment requirements of IFRS 9, financial instruments' derecognition criteria and debt vs equity classification according to IAS 32.

The material in this module is not sufficient to answer all IFRS 9, IAS 32 and IFRS 13 related questions. It is strongly recommended that a financial instruments specialist is consulted for any specific questions or cases.

The e-learning introduces the following topics:

  • Introduction: Financial instrument and the scope of IFRS 9
  • Classification and measurement: Assets/Liabilities, What is amortised cost measurement?, Fair Value Hierarchy, Business Model Assessment, Cash flow characteristics
  • Impairment: Expected credit losses model
  • Derecognition: Financial instruments/assets, Liabilities/Assets, Debt restructuring
  • Debt vs. Equity: Classification principles
  • Test your knowledge
idő

70 minutes

nyelv

Language: English

kredit

Credits: 1 | ACCA CPE

   

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Katalin Szilágyi

PwC's Academy leader, PwC Hungary

Tel: +36 1 461 9342

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