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Scope

1. Module 1: Overview & Basics

Lecture 1Free

Lecture 2Free

2. Module 2: FAR-1 Revision

Revision of IAS 2 'Inventory'Free

Revision of IAS 16 'Property plant & equipment'Free

Revision of IAS 8Free

Revision of IAS 40 'Investment Property'Free

Revision of IAS 20Free

Revision of IAS 23

  • Borrowing CostsBuy

3. Module 3: Intangible Assets (IAS 38 & SIC 32)

IAS 38 'Intangible assets

  • Scope, Initial accounting for purchases & internally generated intangiblesBuy
  • Subsequent expenditure on asset, Cost Model, Revaluation ModelBuy

SIC 32

  • Website costsBuy

IFRS IC

  • Accounting for Cryptographic assetsBuy

IAS 38 CAF 5 exam practice

4. Module 4: Agriculture (IAS 41)

IAS 41

  • AgricultureBuy

IAS 41 CAF 5 exam practice

5. Module 5: Changes in decommissioning, restoration and similar liabilities (IFRIC 1)

IFRIC 1 Changes in decommissioning, restoration and similar liabilities

  • Basics, Cost modelBuy
  • Revaluation modelBuy

IFRIC 1 CAF 5 exam practice

6. Module 6: Events after the reporting period and Provisions, Contingent Liabilities and Contingent Assets (IAS 10 & 37)

Events after the reporting period

Provisions, Contingent Liabilities and Contingent Assets (IAS 37)

  • BasicsBuy
  • Further conceptsBuy

IAS 10/37 CAF 5 exam practice

7. Module 7: Financial instruments (IFRS 9)

Definition of financial instruments

  • What is a financial assetBuy

Lecture 33

  • Types of financial assets and applicable standardsBuy

Lecture 34

  • Accounting for FVTPL financial assetsBuy

Lecture 35

  • Accounting for FVTOCI equity investmentsBuy

Accounting for Amortized cost financial assets

Lecture 38

  • Accounting for Amortized cost FA at low/zero rate of interestBuy

Lecture 39

  • Accounting for FVTOCI debt investmentsBuy

Lecture 40

  • Accounting for financial liabilitiesBuy

Lecture 41

  • Regular way purchase & sale of financial assetsBuy

Lecture 42

  • FVPL designation of financial asset or financial liabilityBuy

IFRS 9 CAF 5 exam practice

8. Module 8: Revenue from Contracts with Customers (IFRS 15)

Lecture 46

  • 1. Basics of 5 step approach
    2. Implied price concession
    3. Significant financing component - Performance obligation earlier, Payment later
    4. Significant financing component - Mix of Performance obligation & Payment earlier & later    Buy

Lecture 47

  • Further points related to Step 1 (Identifying the contract):
    1. Contract does not exist - IFRS 15 is not applicable
    2. Clubbing different contracts as a single contract
    3. Applying portfolio approach to account for many similar contracts

    Further points related to Step 2 (Identifying performance obligations):
    1. Actions / items that are not performance obligations
    2. Performance obligation is satisfied "at a point in time" or "over time"
    3. Upfront fees

    Further points related to Step 3 (Calculating transaction price):
    1. Discounts / Rebates etc. given to customers
    2. Implied price concessions
    3. Variable consideration, its calculation and constraints
    4. Consideration payable to customer    Buy

Lecture 48

  • Further points related to Step 3 (Calculating transaction price):
    5. Non-cash consideration
    6. Significant financing component

    Further points related to Step 4 (Allocating the transaction price to Performance obligations):
    1. Methods to calculate stand-alone selling price (SASP)
    2. Allocating discount to specific performance obligations
    3. Allocating variable consideration
    4. Impact of significant financing component    Buy

Lecture 49

  • Licensing of Intellectual Property, Changes in estimates and Losses in long term contracts Buy

CFAP Practice

  • AAFR W20 Q1Buy
  • AAFR S18 Q4Buy

9. Module 9: Leases (IFRS 16)

Lecture 52

  • Basics of LeaseBuy

Accounting for lessee

  • fundamentalsBuy
  • further conceptsBuy

Accounting for lessor

  • fundamentalsBuy
  • further conceptsBuy

Lecture 57

  • Variable lease payments not linked to index + Substantive substitution rights of lessorBuy

What is a lease

  • complexitiesBuy

Lecture 59

  • Lease of Land & BuildingBuy

Lecture 60

Lecture 61

  • Separating lease & non-lease componentsBuy

Lecture 62

  • Short term lease, Lease of low value assets & Lease disclosuresBuy

CAF 5 exam practice

10. Module 10: The Effects of Changes in Foreign Exchange Rates (IAS 21)

Lecture 66

  • Basic concept & conversion of foreign currency transactions & balancesBuy

Lecture 67

  • Translation of FS - This topic is not in syllabus but in included only for completeness of conceptsBuy

11. Module 11: Operating Segments (IFRS 8)

IFRS 8

  • Operating SegmentsBuy

CAF 5 exam practice

12. Module 12: Code of ethics for Chartered Accountants in Business

Lecture 70

  • Code of ethics for Chartered Accountants in BusinessBuy

13. Module 13: IAS 33 FAR-1 Revision

IAS 33

14. Module 14: Income Taxes (IAS 12)

Lecture 73

Lecture 74

  • Basics of Current & Deferred TaxBuy

Lecture 75

  • Current TaxBuy

Lecture 76

  • Why Deferred Tax is neededBuy

Lecture 77

  • Basics of Deferred TaxBuy

Lecture 78

  • Underlying transaction, Exception to recognition of DTBuy

Lecture 79

  • Tax Credits & Tax LossesBuy

Lecture 80

  • Change in tax rateBuy

Lecture 81

  • Differing tax rates on asset recoveryBuy

Lecture 82

  • Computation of total tax expenseBuy

Lecture 83

  • Reconciling actual & expected tax expense, P&L disclosures, Tax implications of dividendBuy

Lecture 84

  • Tax implications of IFRS 9Buy

Lecture 85

  • Tax implications of IFRS 16Buy

Lecture 86

  • Tax implications of IAS 36Buy

CFAP AAFR Practice

  • S13 Q7, S14 Q4Buy

Lecture 88

  • SIC 25, Carry back of losses, Off-settingBuy

Lecture 89

  • CAF AUT 21 - Q7Buy

Lecture 90

  • CAF SPR 21 - Q8Buy

15. Module 15: Preparation of financial statements (IAS 1 & Companies Act)

Lecture 91

Lecture 92

Lecture 93

  • Companies ActBuy

CAF SPR 21

CAF AUT 20

CAF SPR 20

16. Module 16: Preparation of Group financial statements (IFRS 10, IAS 27, IAS 28, IFRS 3)

Lecture 97

  • Types of equity investmentsBuy

Accounting for associates

  • equity accounting (Part 1Buy
  • equity accounting (Part 2)Buy
  • equity accounting (Part 3)Buy

Equity accounting

  • Eliminations, Associate to investor salesBuy

Lecture 102

  • Consolidated & separate financial statementsBuy

Consolidated statement of financial position

  • Basics (Part 1)Buy
  • Basics (Part 2)Buy

CFAP S10 Q1

  • Basic concepts of Consolidated SFPBuy

Consolidated SCI

  • CFAP W 2008 (Basic concepts)Buy

Lecture 107

  • Impairment of goodwillBuy

CAF