Online Seminar

IFRS - The Essentials

Nov 25, 2022



NOV 25



8:30 AM - 12:30 PM




3.75 Hours


0 Hours


Registration closed on

Nov 22, 2022


NOTE: This course description has been revised and reflects updates for 2022. If you have any questions, please contact

The objective of this seminar is to provide participants with an understanding of the essentials of Part I - International Financial Reporting Standards (IFRS). The seminar is aimed at participants that want to know what IFRS is about but do not have to implement the standards and understand all of the technical details.

This seminar will cover the essentials of International Financial Reporting Standards (IFRS) but not all of the technical details required for implementation. The course provides a brief discussion on the types of entities using IFRS, impact on development of ASPE, discusses key concepts, examines the conceptual framework, provides a description of IFRS terminology, reviews the basics of IFRS financial statements. At the end of this half-day seminar you will be aware of the essentials of IFRS, the types of financial statements and impact on financial statements.

Topics Include:
  • IFRS – what is it and who needs it?
  • The framework – concepts, fair value measurement and definitions
  • Statement of Financial Position
  • Statement of Comprehensive Income
  • Statement of Changes in Equity
  • Cash Flow Statement


Upon completing this course, you will be able to:
  • Identify who is required or may elect to use IFRS standards.
  • Identify basic IFRS concepts and terminology.
  • Identify IFRS financial statements.
  • List relevant resources (with links).


Accounting professionals who are not required to practice IFRS, but would like a brief high level overview of the concepts and financial statements. It is not applicable for those who have recently taken a course in IFRS or want to understand the technical details. p>


$163.00 Personal Passport

$190.00 Organization Passport

$261.00 Member

$261.00 Student

$317.00 Public

Status: Registration closed on Nov 22, 2022




Elizabeth J. Farrell, FCPA, FCA is an Adjunct Professor at the Schulich School of Business. In recognition of her excellence in teaching she was selected as the winner of the Seymour Schulich Award for Teaching Excellence in 1999, 2003 and 2009 and nominated for the award in 2004, 2005, 2006, 2011 and 2015. She was selected as the winner of the John Peace Teaching Award in 2002 and 2012. Elizabeth served as assistant coordinator at CPA Ontario's School of Accountancy. She has taught executive development courses for the Schulich School of Business, professional development courses for CPA Ontario and firms. Elizabeth is a co-author of Intermediate Financial Accounting. Her publications also include an accounting case analysis software package, study guides, ASPE: A Comparison to IFRS, IFRS A Review of the Standards, IFRS Leases and co-author Researching and Documenting an Accounting Issue and ASPE and NFPO Update, professional development courses, and a variety of case material. Elizabeth was a member of the Competency Map Committee. She was one of the lead authors for the assurance elective module for the CPA PEP program. Elizabeth has also served on the Board of Directors for a number of not for profit organizations.


This seminar is not intended as a technical seminar on IFRS application. For IFRS implementation, please register for IFRS: A Review of the Standards.

This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.

Electronic material can be accessed one week prior to the course at and should be downloaded in advance.

Registration, cancellation, withdrawal and all other CPA Ontario PD Seminar policies can be found here.