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CBA-IFRS · Study material

Contents

The complete contents of the CBA Certified IFRS Specialist study material: every chapter and lesson, the reading time of each, and where the assessed workbooks fall. One lesson is open to read in full.

Lessons

115

Reading time

5 hours

Workbooks

18

Words

67,778

These figures are counted from the material itself. The reading time assumes a steady pace and no re-reading, and does not include the time spent building the workbooks.

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Materiality is an entity-specific judgement, from Conceptual Framework and Reporting Judgements, as a candidate reads it, slides included.

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Contents

7 chapters, 115 lessons. Lessons marked workbook carry a spreadsheet you build and submit, marked against the published tolerance. The award requires 6 of the 18 completed to that tolerance.

Introduction

1 lesson · 2 min

  1. CBA-IFRS Study Guide2 min

01Conceptual Framework and Reporting Judgements

15 lessons · 48 min

  1. What this chapter covers2 min
  2. The case organisation, and the problem this chapter fixes2 min
  3. What the Conceptual Framework is, and when it governs2 min
  4. The objective of general purpose financial reporting2 min
  5. The fundamental qualitative characteristics2 min
  6. The enhancing characteristics and the cost constraint2 min
  7. The elements of financial statements5 min
  8. Recognition and derecognition6 min
  9. Measurement, and how a basis is chosen7 min
  10. Substance over form4 min
  11. Materiality is an entity-specific judgementFreeworkbook3 min
  12. IAS 8: selecting a policy when no standard applies2 min
  13. Policy, estimate and error: the three-way distinctionworkbook4 min
  14. Common pitfalls3 min
  15. Chapter summary2 min

02Revenue from Customer Contracts

26 lessons · 63 min

  1. What this chapter covers2 min
  2. What IFRS 15 replaced, and why that matters in an exam3 min
  3. Step 1: identifying the contract3 min
  4. Step 2: identifying the performance obligations2 min
  5. The distinct test at Meridian, which is where the current treatment fails2 min
  6. Customer options and material rights2 min
  7. Step 3: determining the transaction price2 min
  8. Variable consideration and the constraintworkbook3 min
  9. Significant financing components3 min
  10. Non-cash consideration, and consideration payable to a customer2 min
  11. Step 4: allocating the transaction price3 min
  12. When a discount belongs to some obligations and not allworkbook2 min
  13. Step 5: recognising revenue as control transfers3 min
  14. Measuring progress towards complete satisfactionworkbook3 min
  15. Contract assets, contract liabilities and receivablesworkbook3 min
  16. Credit risk on contract balances2 min
  17. Modifications: step 1 revisited, and the most-missed calculation3 min
  18. Principal or agent2 min
  19. Revenue in the group accounts2 min
  20. Warranties2 min
  21. Rights of return2 min
  22. Repurchase arrangements2 min
  23. Contract costs3 min
  24. Presentation and disclosure2 min
  25. Common pitfalls3 min
  26. Chapter summary2 min

03Lease Accounting

17 lessons · 49 min

  1. What this chapter covers2 min
  2. One model for the lessee, two for the lessor, and why that asymmetry matters2 min
  3. Identifying a lease: an identified asset and the right to control its use3 min
  4. Separating the lease from everything else in the contract4 min
  5. The recognition exemptions, and what they actually permit5 min
  6. The lease term and the reasonably certain threshold2 min
  7. Initial measurement: which payments go in, and at what rate5 min
  8. Subsequent measurement and the unwinding of the liabilityworkbook2 min
  9. Remeasurement 1: payments that move with an index or a rate3 min
  10. Remeasurement 2: a change in the assessment of an optionworkbook2 min
  11. Modifications, and the one that produces a gainworkbook2 min
  12. Presentation and disclosure2 min
  13. Sale and leaseback in outline2 min
  14. Lessor accounting: telling a finance lease from an operating lease5 min
  15. Leases inside a group: eliminations, the Gulf subsidiary and the non-controlling interest3 min
  16. Common pitfalls3 min
  17. Chapter summary2 min

04Financial Instruments Essentials

24 lessons · 68 min

  1. What this chapter covers2 min
  2. Why IFRS 9 looks the way it does2 min
  3. What counts as a financial instrument, and what does not4 min
  4. Debt or equity: the issuer's question2 min
  5. Classifying financial assets: the business model test2 min
  6. Classifying financial assets: the contractual cash flow characteristics test2 min
  7. The three categories and what each one does to the accountsworkbook3 min
  8. Initial measurement2 min
  9. Amortised cost and the effective interest methodworkbook2 min
  10. Fair value through other comprehensive income for debt instruments2 min
  11. Classification and measurement of financial liabilities2 min
  12. From IFRS 15 to IFRS 9: what the revenue model leaves behind3 min
  13. Expected credit losses: the idea and its scope2 min
  14. The three stages, and the significant increase in credit risk test5 min
  15. The simplified approach and the provision matrixworkbook4 min
  16. Foreign currency receivables, the Gulf ledger and the group4 min
  17. Derecognition in outline3 min
  18. Hedge accountingworkbook6 min
  19. Embedded derivatives in outline2 min
  20. Fair value measurement and the hierarchy2 min
  21. Disclosure under IFRS 74 min
  22. What Meridian actually has to do2 min
  23. Common pitfalls3 min
  24. Chapter summary3 min

05Consolidation and Group Reporting Basics

14 lessons · 48 min

  1. What this chapter covers2 min
  2. Control is the only reason to consolidate3 min
  3. Why a 40 per cent holding with a board seat is an associate3 min
  4. The acquisition method: who acquired what, and when2 min
  5. Consideration transferred, and the things people wrongly add to it5 min
  6. Goodwill, and the two ways of measuring the non-controlling interestworkbook2 min
  7. Consolidation mechanics10 min
  8. The non-controlling interest, and the reconciliation Meridian has never doneworkbook2 min
  9. Translating a foreign operation under IAS 21workbook5 min
  10. Equity accounting for associates under IAS 283 min
  11. Putting it together4 min
  12. What the group has to disclose2 min
  13. Common pitfalls3 min
  14. Chapter summary2 min

06Presentation, Disclosure and Statement Analysis

18 lessons · 48 min

  1. What this chapter covers2 min
  2. What a complete set of financial statements has to contain3 min
  3. The format choices IAS 1 leaves open2 min
  4. Current and non-current, and what a covenant does to itworkbook4 min
  5. Revenue on the face and in the notes3 min
  6. Leases: where every number in the schedule lands3 min
  7. Provisions, contingencies and the obligations nobody booked2 min
  8. Financial instruments in the notes: the credit risk disclosure2 min
  9. Other comprehensive income and what recycles3 min
  10. Consolidation on the face: non-controlling interests and the translation reserve2 min
  11. The statement of changes in equity2 min
  12. The statement of cash flowsworkbook5 min
  13. Notes: material policies, judgements and estimation uncertainty2 min
  14. Related parties under IAS 24, in outline2 min
  15. Events after the reporting period under IAS 102 min
  16. Reading Meridian's statements critically4 min
  17. Common pitfalls3 min
  18. Chapter summary2 min

What the material is

The study material is written to the discipline’s domains and learning objectives, chapter by chapter, with worked examples and unscored checks in the lessons and assessed workbooks where the level requires applied work. It does not contain a bank of practice questions matching the examination; the specimen paper shows the style and standard of the examination, with a written rationale for every option.

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