The Financial Accountant's IFRS Swiss Army Knife

Practical Real World Reference for Accountants

Looking to impress your boss? Improve your chances of promotion? Solve a complex accounting issue? Increase your efficiency to:

• Avoid late nights and overtime?
• Work on more important projects?
• Spend more time with your family?
• Spend more time doing things you enjoy?

Then this is for you.

There is nothing worse than finding yourself in an accounting scenario where the answer is not clear. It can be incredibly uncomfortable being the person who is expected to have the answer but you don't. Your boss will judge you. Your colleagues will judge you. You know one small thing like this doesn't define your worth.

Not everyone has the privilege of Big 4 audit experience. And not everyone in Big 4 audit has the privilege of working on the good clients with lots of opportunities for learning and challenge. Not everyone has the network or reference material to help them in these tough situations.

That's where I'm trying to help.

I have personally found that the content online when it comes to practical accounting is severely limited.

It seems to be the same textbook examples copy pasted over and over again. None of them have the nuance that is faced in real world practical accounting. They all assume a perfect world.

None of them also have the required detail in explaining the WHY things must be done a certain way.

I am trying to be the change that I want to see on the internet in this regard.

I have extensive experience in the world of accounting and audit and want to share that with others. This compilation of worked examples is what I wish I had access to when I started my career.

What do you get?

This product is a compilation of technical accounting workpapers supporting the worked examples on the website financialreporting.wtf.

You get access to the full spreadsheets outlining the technical accounting scenarios in excel.

The scenarios are fully referenced to the Standards themselves justifying every calculation and journal entry to the fullest extent possible.

These workpapers are formula-driven for you to follow along with the calculations or replicate these scenarios and tailor them to your own circumstances for maximum efficiency!

What's included?:

• IFRS 16 Leases
  • Initial direct costs
  • Fixed payments (simple lease)
  • Dismantling costs
  • Term extension
  • Incentive (upfront payment)
  • Modification due to change in payments
  • Purchase option
  • Termination penalty
  • Variable payments dependent on an index
  • Payments at or before commencement (prepayments)
  • Prepayments during the lease term at inception
  • Prepayments during the lease term
  • Residual value guarantee
• IFRS 9 Financial Instruments
  • Investment in equity instruments at fair value through profit or loss
  • Financial asset (debt instrument) at fair value through other comprehensive income
  • Financial asset (debt instrument) at amortised cost
  • Financial asset (debit instrument) at amortised cost partial derecognition
  • Financial asset (debt instrument) at fair value through profit or loss
  • Financial asset derecognition factoring of receivables
  • Financial asset repurchase arrangement
  • Financial liability at amortised cost
  • Financial liability modification of debt without extinguishment
  • Financial liability modification of debt with extinguishment
• IFRS 15 Revenue from contracts with customers
  • Simple 5 step model
  • Transaction price allocation
  • Sale with a right of return (full refund)
  • Sale with a discount (variable consideration, most likely amount method)
  • Sale with a discount (variable consideration, expected value method)
  • Significant financing component (customer in arrears)
  • Significant financing component (customer in advance)
  • Allocation of variable consideration
  • Allocation of a discount (general)
  • Allocation of a discount (specific)
  • Contract asset revenue over time
• IFRS 2 Share-based payment
  • Service condition
  • Good leaver
  • Market condition
  • Non-market condition
• IAS 16 Property, plant and equipment
  • Cost of property, plant and equipment
• IAS 12 Income Taxes
  • Deferred tax assets and liabilities

The price you see now is the CHEAPEST that this wilI ever be. I am constantly adding content on a regular basis. The value only goes UP.

It only makes sense that the price does too.

Buy now and you lock in your access to all future content (additional value!) at the current price.

You buy now and those future workpapers are FREE.

How many things do you buy that become more valuable over time?

But wait... there's MORE!!!

This also includes:

• Crash Course on IFRS 16 Leases for Lessees.

The Crash Course on IFRS 16 Leases for Lessees is a 12 page crash course guide to IFRS 16 Leases for Lessees along with lease worked examples, and an industry "best practice" template based on observations from multiple clients audit (large public listed (up to ~$3-4bn market cap) and private entities).

The Crash Course on Leases for Lessees is ONLY available as part of the Financial Accountant’s IFRS Swiss Army Knife!

Why listen to me? Who am I?

I am an accounting and finance professional with significant experience in audit and industry. I have audited large, multinational, publicly listed and non-listed clients in a number of industries, including but not limited to mining, chemical manufacturing, oil and gas, and construction. I also have extensive experience in industry working at companies of a similar calibre.

I am distilling my experience to transfer it to you for your benefit. You are getting the results of my experience without going through the same trouble I went through. This is knowledge and experience that has helped me land jobs where my income has increased up to 50% between roles.

Be ready for your next busy season or year end! Secure that promotion! Impress your boss! Flex on your colleagues!