International Financial Reporting Standards Assessment

  • $10.00

International Financial Reporting Standards are used to make companies and the accounting profession shift to communicate in the same accounting language between the countries of the world. This IFRS assessment is designed to access a user's knowledge of IFRS along with how to apply the standards in an accounting environment. The assessment presents questions that focus on a variety of topics including the first-time adoption of IFRS, IFRS roles and framework, asset and liability recognition, revenue and expense recognition, consolidation and business combination, and financial statement presentation. This assessment is appropriate for assessment takers that have worked with the IFRS for more than a year and have a strong understanding of the International Accounting Standards (IAS).

General Accounting and Advanced Accounting are also available.

Number of questions 36
Test format Multiple-Choice
Time to complete Varies by skill
Topics covered First-Time Adoption of IFRS
IFRS Asset and Liability Recognition
IFRS Financial Statement Presentation
IFRS Revenue and Expense Recognition
IFRS Role and Framework
Tasks tested Agricultural Assets
Assets Held for Resale
Borrowing Costs
Business Combinations Guidance
Classification of Awards
Complete Set of Financial Statements
Construction Contracts
Difference in GAAP and IFRS
Elements of Financials
Employee Benefit Guidance
Financial Statement Presentation Under IFRS
First-Time Adopter Restatements
Grant Date and Graded Vesting
Hyper-Inflationary Economies
IAS 39 and IFRS 9
IFRS Adoption
IFRS Challenges
IFRS Purpose
IFRS Standard Setter
Impairment of Long-Lived Assets
Intangible Assets
Inventory Methods in IFRS
Investment Properties
Possible IFRS Changes
Property, Plant and Equipment under IFRS
Recognition of Assets
Recognizing a Provision
Related Party Disclosures
Retrospective Application of IFRS Exceptions
Revenue Recognition
Revenue Recognition for Service Transactions
Share-Based Payment Guide
Uncertain Tax Positions
Supported languages ๐Ÿ‡บ๐Ÿ‡ธ English (en_US)