IFRS & IAS Study Guides
Every guide below is free to read: a plain-English walk through what the standard asks for, a worked example with the numbers set out in full, exam-style practice questions, and answers to the questions students ask most often. Pick a theme and start wherever your syllabus does.
Revenue & Leases
- IFRS 15IFRS 15 Revenue Recognition: Summary, Practice Questions & Decision TreeThe five-step revenue model, performance obligations and transaction price allocation, with a worked contract.
- IFRS 16IFRS 16 Leases: Summary, Practice Questions & Decision TreeLessee recognition, the lease liability and right-of-use asset, with a full schedule and journal entries.
Financial Instruments
- IFRS 9IFRS 9 Financial Instruments: Summary, Practice Questions & Decision TreeClassification of financial assets, effective interest and expected credit losses, with worked numbers.
- IAS 32IAS 32 Financial Instruments: Presentation — Summary, Worked Example & Practice QuestionsTelling debt from equity, splitting a convertible bond and when balances may be offset.
- IFRS 13IFRS 13 Fair Value Measurement: Summary, Worked Example & Practice QuestionsExit price thinking, choosing the right market, highest and best use and the three-level hierarchy.
Group Accounting
- IFRS 3IFRS 3 Business Combinations: Summary, Practice Questions & Decision TreeAcquisition-method steps, identifying the acquirer and computing goodwill under both NCI methods.
- IFRS 10IFRS 10 Consolidated Financial Statements: Summary, Practice Questions & Decision TreeAssessing control, when consolidation is required and how group figures come together.
- IAS 21IAS 21 Foreign Exchange Rates: Summary, Practice Questions & Decision TreeFunctional currency, retranslating monetary items and translating a foreign operation.
Assets & Impairment
- IAS 16IAS 16 Property, Plant and Equipment: Summary, Practice Questions & Decision TreeCapitalising an asset, depreciation methods, revaluations and where the movements land.
- IAS 36IAS 36 Impairment of Assets: Summary, Practice Questions & Decision TreeImpairment indicators, recoverable amount, value in use and later reversals.
- IAS 38IAS 38 Intangible Assets: Summary, Practice Questions & Decision TreeRecognising intangibles, the research and development split, and amortisation.
- IAS 40IAS 40 Investment Property — Summary, Worked Example & Practice QuestionsWhich properties count, the fair value versus cost policy choice and transfers on a change of use.
- IAS 2IAS 2 Inventories: Summary, Practice Questions & Decision TreeCosting inventory, the permitted cost formulas and the net realisable value write-down test.
- IAS 23IAS 23 Borrowing Costs — Summary, Worked Example & Practice QuestionsQualifying assets, the capitalisation rate and the start, pause and stop dates.
- IFRS 5IFRS 5 Non-current Assets Held for Sale and Discontinued Operations — Summary, Worked Example & Practice QuestionsHeld-for-sale classification, measurement at the lower amount and discontinued-operation presentation.
Liabilities & Provisions
- IAS 37IAS 37 Provisions, Contingent Liabilities and Contingent Assets: Summary, Practice Questions & Decision TreeRecognising provisions, measuring them, and when a contingency is only disclosed.
- IAS 19IAS 19 Employee Benefits — Summary, Worked Example & Practice QuestionsShort-term benefits, the defined contribution and defined benefit divide, and the profit or loss and OCI split.
- IAS 12IAS 12 Income Taxes: Summary, Practice Questions & Decision TreeTax bases, temporary differences and the deferred tax asset or liability that follows.
- IFRS 2IFRS 2 Share-based Payment: Summary, Worked Example & Practice QuestionsEquity-settled and cash-settled awards, grant-date measurement, vesting conditions and true-ups.
Presentation & Other
- IAS 7IAS 7 Statement of Cash Flows: Summary, Practice Questions & Decision TreeOperating, investing and financing flows, cash equivalents and the indirect-method reconciliation.
- IAS 8IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors — Summary, Worked Example & Practice QuestionsChoosing policies, revising estimates prospectively and restating prior period errors.
- IAS 10IAS 10 Events after the Reporting Period: Summary, Practice Questions & Decision TreeAdjusting and non-adjusting events after the reporting date, and what has to be disclosed.
- IFRS 18IFRS 18 Presentation and Disclosure in Financial Statements: Summary, Practice Questions & What ChangesThe new income statement categories, management-defined measures and aggregation rules.