Theory refresher - accounting standards
Taught by Louise Setton · AI tutor support included
You’ll learn how to apply key accounting standards in the CIMA Management Case Study, including IFRS 15 revenue recognition, IAS 37 provisions and contingent liabilities, impairment, intangible assets and lease accounting.
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In this lesson
- 0:00 Accounting Standards Exam Focus
- 1:35 IFRS 15 Revenue Recognition
- 5:00 IAS 37 Provisions And Contingencies
- 8:39 Accounting Standards Exam Method
- 11:05 Applying Standards To Financial Statements
- 14:22 IFRS 16 Lessor And Lessee Accounting
- 18:26 Other Key Standards To Revise
- 20:02 Operating Lease Worked Example
- 23:25 Finance Lease Accounting Treatment
About this lesson
The lesson explains how to identify the correct treatment, apply definitions and rules, and determine the relevant debits, credits and financial statement impacts. You’ll practise linking operational decisions to changes in revenue, liabilities, profit and loss, ratios and stakeholder interpretation. The session also highlights how to structure exam answers: state the relevant rule, apply it to the scenario, calculate the amount where possible, and explain the effect on the financial statements.
Duration: 26m
Transcript
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