Crest offers Study material to prepare for both Diploma IFRS and Certification in IFRS from ACCA, U.K. It is offered from the Market-leading publisher of targeted study materials for professional exams and business reference. Its an ACCA Official Publisher and the Study Texts cover the syllabus topics to the correct level and that they are totally focused on the exams. They publish the most recent exams in our Practice and Revision Kits, including – where relevant – examiners’ answers and marking guides.

International sources of authority

  • The structure of the International Accounting Standards Board (IASB)
  • The standard setting process
  • The role of the International Financial Reporting Interpretations Committee
  • Progress towards international harmonization
  • The IASB “Framework for the Preparation and Presentation of Financial Statements”
  • The first time adoption of international financial reporting standards

Elements of financial statements

  • Property, plant and equipment Provisions and contingencies
  • Intangible assets Employment and post-employment benefits
  • Goodwill Current and deferred tax
  • Current assets including inventories Biological assets and agricultural produce
  • Construction contracts Share-based payment
  • Liabilities Exploration and evaluation expenditures
  • Financial instruments

Presentation and additional disclosures

  • Events after the balance sheet date
  • Earnings per share
  • Related party disclosures
  • Interim financial reporting
  • Effects of changes in foreign exchange rates
  • Operating segments

Preparation of external financial reports for single entities

  • Income statements and discontinued operations
  • Cash flow statements
  • Statement of changes in equity

Preparation of external financial reports for combined entities and joint ventures

  • Definitions of subsidiaries, investments in associates and joint ventures
  • Preparation of consolidated balance sheets and income statements
  • Equity accounting
  • Proportionate consolidation and joint ventures