IFRS Teaching Workshop

Wednesday, 11th May 2016  -  09:00–12:00
MECC Convention Centre, Maastricht

This workshop forms part of a series of regional IFRS teaching workshops to encourage and support a Framework-based approach to teaching IFRS that is designed to foster a cohesive understanding of IFRS and to develop students’ ability to make the judgements and estimates to apply IFRS.

The ability to make reasoned, informed judgments and estimates is crucial to appropriate application of IFRS. Framework-based teaching is the best way to educate students to enable them to make those judgments and estimates. Framework-based teaching helps students understand the objective of and the concepts underlying financial reporting, thereby helping them understand the “why” of IFRS requirements and not just the “how.” Understanding the “why” forms the foundation for their ability to make the judgments and estimates necessary to apply IFRS. Framework-based teaching also provides students with long-lasting knowledge of IFRS—requirements in IFRS change with every new standard issued, whereas the concepts underlying IFRS live for decades. This is the approach I use to teach my students and highly recommend it to all teachers of IFRS.” (Mary Barth, Professor of Accounting, Stanford University)

In this workshop we will demonstrate how to teach a range of issues to students using the Framework-based teaching approach across a range of IFRS classes in both the CA/CPA/equivalent and the MBA streams. Those participating in the workshop will be expected to read the provided teaching material before the workshop so that they can actively participate in it.


09:00  -  Testing non-financial assets for impairment
               The WhattaDrop case study 
              Michael (Mike) Wells, Former Director, IFRS Education Initiative, IASB

09:45  -  Asset Securitizations
              The Harley Davidson case study
Mary Barth, Professor of Accounting, Stanford University and
              formerly IASB member

10:30  -  Coffee break/Tea break

11:00  -  Changing accounting policies and accounting estimates, correcting
 prior period errors and reflecting changes in circumstances
              The BigChange case study
              Gary Pieroni, Academic Fellow, IFRS Education Initiative, IASB and
              Accounting Professor, Diablo Valley College

12:00  -  Close

For information about the IFRS Foundation’s Framework-based teaching project including free-to-download teaching material designed to support those teaching IFRS to develop their student’s ability to make the judgements and estimates necessary to apply IFRS please visit