Framework Teaching

IFRS EDUCATION INITIATIVE PLAN 2012–2016 (approved by the Trustees in March

2011; updated October 2012)

‘Flagship’ project: promoting and supporting Framework-based teaching of principle-based accounting standards (IFRS

and the IFRS for SMEs) (1)

Expected outcomes: Improved skills and knowledge to interpret IFRS and make the judgements that are necessary to apply it.

Reduce the perceived need for industry-specific IFRS Application Guidance and for IFRS Interpretations.

Reduce resistance to improvements in IFRS and better prepare constituents to deal with the changes in new and amended

accounting standards

1.

Encourage leading IFRS Teachers, IASB members, development agencies and others to promote Framework-based IFRS

teaching.

Expected outcome: Create awareness and acceptance

2.

Accept speaking engagements at select academic conferences and other leading IFRS events and present to many visiting

academic and student delegations.

Expected outcome: Create awareness and acceptance

3.

Arrange and co-facilitate multiple Framework-based teaching workshops around regional & international academic accounting

conferences and other events (usually held jointly with leading regional and international academic accounting associations).

Expected outcome: Create capacity for implementing Framework-based teaching

4.

Develop Framework-based teaching material (eg summaries, video clips, PPTs with voiceovers, examples, case studies)

Expected outcome: Facilitate implementing Framework-based teaching

5.

Update and improve the text A Guide through IFRS and promote its use (improvements could include (i) Non-English versions;

(ii) electronic side-by-side English to other language comparisons; (iii) extend education references to the Blue book; (iv) tag to

XBRL IFRS taxonomy (v) influence IOSCO to publish selected regulatory rulings (as CESR did) so these can be included in

the text as footnotes)

Expected outcome: Facilitate implementing Framework-based teaching. Generate income to...