Free IFRS Tutorial 1: The IASB Conceptual, Ethical, & Regulatory Framework for Financial Reporting

Описание: Join the whatsapp page via: https://chat.whatsapp.com/FfOA2m8T300...
Join the telegram page via: https://t.me/+0SI1sOdkq2QzM2I0

Are you preparing for professional accounting exams like ICAG, ICAN, ACCA, CIMA, or any university-level accounting course? This FREE tutorial is designed just for you!

In this video, we break down the three essential frameworks that guide the preparation and presentation of financial statements:

🔹 1. Regulatory Framework
Understand the laws, rules, principles, and conventions that govern financial reporting globally.

Explore the three categories of accounting laws:
✅ IFRS/IAS (developed by IASB)
✅ National Company Laws (GAAP)
✅ General National Laws

Learn the step-by-step process of setting an international accounting standard under the IASB.

🔹 2. Conceptual Framework (by IASB) (Organised in 8 Chapters)
Grasp the underlying concepts that support accounting standards.

Learn the objective of general purpose financial reporting.

Understand Fundamental Qualitative Characteristics like Relevance, Faithful Representation, and Materiality.

Master Enhancing Characteristics like Comparability, Verifiability, Timeliness, and Understandability.

Know the elements of financial statements: Assets, Liabilities, Equity, Income, and Expenses.

🔹 3. Ethical Framework
The ethical framework reminds us that accountants must uphold integrity, objectivity, professional competence, and due care—especially relevant for all professional exam bodies.

🎯 What You’ll Gain:

A clear, practical understanding of frameworks behind IFRS-based reporting

Real-world examples to help you apply concepts in exam scenarios

A solid foundation for tackling accounting theory questions in your professional exams

Whether you're a student in Ghana (ICAG), Nigeria (ICAN), etc. studying for ACCA/CIMA, or just brushing up on your IFRS knowledge—this video will give you the edge you need.

👉 Don’t forget to like, comment, share, and subscribe for more simplified IFRS tutorials!

00:00 Introduction
05:56 The regulatory framework
40:00 The IASB Conceptual Framework
2:17:04 The Ethical Framework

Check the channel for more:    / @ronasacademy