Title Details

Irene M. Wiecek, FCA is a faculty member of the University of Toronto at Mississauga and is cross-appointed to the Joseph L. Rotman School of Management. She teaches financial reporting in various programs including the Commerce Program (Accounting Specialist) and the Master of Management & Professional Accounting Program (MMPA). The Associate Director of the MMPA Program for many years, she co-founded and is Co-Director of the ICAO/Rotman Centre for Innovation in Accounting Education, which supports and facilitates innovation in accounting education. Irene has been involved in professional accounting education for over twenty years both at the Institute of Chartered Accountants of Ontario and the CICA, teaching and developing case/program material in various programs including the ICAO School of Accountancy. She helped create and currently directs the CICA In-depth GAAP Program. In the area of standard setting, she is Chair of the Canadian Academic Accounting Association Financial Accounting Exposure Draft Response Committee (since 2002). Irene is a member of the CICA Qualifications Committee which provides leadership, direction and standards for admission into the CA profession. She is the recipient of the MMPA Faculty of the Year award for 2004 and 2006.

Nicola (Nickie) M. Young, MBA, FCA is a Professor of Accounting in the Sobey School of Business at Saint Mary's University in Halifax, Nova Scotia where her teaching responsibilities have varied from the introductory offering to final year advanced financial accounting courses to the survey course in the Executive MBA program. She is the recipient of teaching awards, and has contributed to the academic and administrative life of the university through chairing the Department of Accounting, membership on the Board of Governors, the Pension and other Committees. Nickie was associated with the Atlantic School of Chartered Accountancy for over twenty-five years in a variety of roles, including program and course development, teaching, and program reform.?In addition to contributions to the accounting profession at the provincial level, Nickie has served on national boards of the Canadian Institute of Chartered Accountants (CICA) dealing with licensure and education. For the last fifteen years, she has worked with the CICA's Public Sector Accounting Board (PSAB) as an Associate, as a member and chair of the Board, and as chair and member of PSAB Task Forces.

Section 1: Introduction and Reporting Basics
Chapter 1 Introduction and IAS Framework
Chapter 2 Financial Statements and Their Presentation: IAS 1
Chapter 3 Statement of Cash Flows: IAS 7
Chapter 4 Non-current Assets Held for Sale and Discontinued Operations: IFRS 5
Chapter 5 Provisions, Contingent Liabilities and Contingent Assets: IAS 37
Chapter 6 Revenue: IAS 18
 
Section 2: Non-financial Assets
Chapter 7 Inventories: IAS 2
Chapter 8 Construction Contracts: IAS 11
Chapter 9 Agriculture: IAS 41
Chapter 10 Property, Plant, and Equipment: IAS 16 
Chapter 11 Investment Property: IAS 40
Chapter 12 Exploration for and Evaluation of Mineral Resources
Chapter 13 Borrowing Costs: IAS 23
Chapter 14 Accounting for Government Grants and Disclosure of Government Assistance: IAS 20
Chapter 15 Intangible Assets: IAS 38
Chapter 16 Impairment of Assets: IAS 36
 
Section 3: Financial Assets and Liabilities
Chapter 17 Basic Financial Instruments: IAS 32, IAS 39, and IFRS 7
Chapter 18 Financial Instruments – Recognition and Measurement: IAS 39
Chapter 19 Financial Instruments – Presentation: IAS 32
Chapter 20 Financial Instruments – Disclosures: IFRS 7

Section 4: Special Topics
Chapter 21 Accounting Policies, Changes in Accounting Estimates, and Errors: IAS 8
Chapter 22 Events after the Balance Sheet Date: IAS 10
Chapter 23 Income Taxes: IAS 12
Chapter 24 Leases: IAS 17
Chapter 25 Employee Benefits: IAS 19
Chapter 26 Related Party Disclosures: IAS 24
Chapter 27 Earnings per Share: IAS 33
Chapter 28 Interim Financial Reporting: IAS 34
Chapter 29 Share-based payment: IFRS 2

Section 5: Reporting Entity
Chapter 30 Investments in Associates: IAS 28
Chapter 31 Business Combinations: IFRS 3
Chapter 32 Consolidated and Separate Financial Statements: IAS 27
Chapter 33 Interests in Joint Ventures: IAS 31
Chapter 34 Operating Segments: IFRS 8
Chapter 35 The Effects of Changes in Foreign Exchange Rates: IAS 21
 
Section 6: Regulated Industries and Specialized Applications
Chapter 36 Accounting and Reporting by Retirement Benefit Plans: IAS 26
Chapter 37 Insurance Contracts: IFRS 4
Chapter 38 Financial Reporting in Hyperinflationary Economies: IAS 29
Chapter 39 First-time Adoption of International Financial Reporting Standards: IFRS 1

Glossary

CICA—IFRS Significant Differences

US GAAP—IFRS Significant Differences