To a large extent, IFRS financial reports are based on estimates, judgements and models rather than exact depictions. As jurisdictions adopt IFRS, they wonder how much their previous practices must change to apply IFRS rigorously and consistently. Three series of regional IFRS teaching workshops to assist:

(i) IFRS teachers and IFRS trainers educate IFRS accountants more effectively;

(ii) adopting jurisdictions develop a cohesive understanding of IFRS; and

(iii) regulators understand the framework for IFRS judgements. The main focus of these sessions is to encourage and support a Framework-based approach to IFRS that is designed to develop capacity to make the necessary judgements and estimates.

For more details visit ELearning portal on IFRS