Global Standards for the world economy

Monday 17 December 2018

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Framework-based teaching material

The IFRS Foundation Education Initiative is developing a series of comprehensive Framework-based IFRS teaching materials to assist IFRS teachers to educate IFRS learners more effectively.

The material is designed to support IFRS teachers to develop in students the ability to make the judgements that are necessary to apply IFRS and the IFRS for SMEs and to prepare students for lifelong learning. To train teachers in the use of this material, the staff of the Education Initiative is holding a series of Framework-based teaching workshops jointly with the world's development agencies, international and regional academic accounting associations and others. Find out more about Framework-based teaching workshops.


Material on topics is prepared in three separate sections to support Framework-based IFRS teaching of CA/CPA stream (or equivalent) students:

(a)     Stage 1: a student’s first financial reporting course;

(b)    Stage 2: a financial reporting course mid-way to qualifying as a CA, CPA or 
       equivalent; and

(c)     Stage 3: a course immediately before qualifying as a CA, CPA or equivalent.

The stages are necessarily broadly defined to take into account the many different approaches to qualifying as accountants worldwide.

The available Framework-based teaching material can be downloaded below in PDF format.
Please note: The materials on this page each contain a copyright notice and terms for the allowed use of the materials, please ensure that you read the notice and terms before using the materials.

For the avoidance of doubt, these teaching materials cannot be used in, or as a commercial product. In addition, some material is available in the format of multi-media clips. These clips are designed to introduce a particular topic—teachers could ask their students to look at the clips as part of their preparation for class discussions.

Framework-based teaching at Stage 3 should focus on enhancing the ability of students to make the estimates and other judgements that are necessary to account for transactions, and other events in accordance with IFRS. To do so effectively, it is best if the material discussed with students in class is unfamiliar to those students; this should allow the students to develop the skills of making judgements and estimates.

Consequently, the teaching notes that accompany the case studies for Stage 3 classes are available, at the sole discretion of the Education Initiative staff, only to those actively teaching IFRS on the condition that those teaching notes are not distributed to others and are used only for your own class preparation purposes; the reason is to maintain the unfamiliarity of the material to future students.

Comprehensive teaching material
       Introduction [PDF]
       Stage 1–Liabilities [PDF]
       Stage 2–Liabilities [coming soon]
       Stage 3–Liabilities [PDF]
       Stage 3–The BuildItYourself case study [PDF]
       *Stage 3–Teaching notes that accompany the BuildItYourself case study [PDF] 
       Stage 3–The TooBigToFail Bank case study [PDF]
      *Stage 3–Teaching notes that accompany the TooBigToFail Bank case study [PDF]
      Stage 3–The Woody case study [PDF]
      *Stage 3–Teaching notes that accompany the Woody case study [PDF]
Non-financial assets
       Introduction [PDF]
      Stage 1–Property, plant and equipment (PPE) [PDF] 
      Stage 2–PPE with other non-financial assets [PDF]
      Stage 3–Non-financial assets [PDF]
      Stage 3–The Open Safari case study [PDF]
    *Stage 3–Teaching notes that accompany the Open Safari case study [PDF]
      The Open Safari case study adapted for the IFRS for SMEs [PDF]
 The IAS 8 hierarchy
       Introduction [PDF]
       Stage 3–the IAS 8 hierarchy  [PDF]
       Stage 3–the Amalgam case study [PDF]
     *Stage 3–Teaching notes that accompany the Amalgam case study [PDF]
      The Amalgam case study adapted for the IFRS for SMEs [PDF]
 Changing accounting policies and accounting estimates, correcting prior period errors and reflecting changes in circumstances
       Stage 1-Accounting estimates, accounting policies and errors [PDF]
       Stage 3-the BigChange case study [PDF]
       *Stage 3-Teaching notes that accompany the BigChange case study [PDF]
 Business combinations and consolidated financial statements
       Stage 1-Business combinations and consolidated financial statements [PDF]
       Stage 3-the Acquisitive case study [PDF]
       *Stage 3-Teaching notes that accompany the Acquisitive case study [PDF]

* Apply for access to the teaching notes.

Please note it could take a few working days to process your application.


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