• Cite the accounting principles upon which international accounting standards are based.
• Specify the types of formats in which the balance sheet can be presented, and the circum-stances under which different financial statement layouts are required.
• Identify the various sections and line items contained within the statement of cash flows.
• State the circumstances under which control is exercised over an investee.
• Specify the circumstances under which financial statements are restated.
• Cite the indicators of hyperinflation, and when such an environment is no longer consid-ered to exist.
• State the adjustments needed to derive basic earnings per share and diluted earnings per share.
• Identify the proper accounting for revenue in an interim period, and note how the integral view alters the accounting for interim periods.
• State the rules for determining whether a segment of a business is reportable.
• Specify the rules for determining joint control of an entity.
• Identify the circumstances under which an entity is considered to be an associate.
• Specify the factors under which a structured entity is created, and note how to deal with different end dates for the financial statements of subsidiaries.
• State the underlying accounting transactions for the periodic and perpetual inventory systems, as well as the derivation of the gross profit and retail methods.
• Recognize the calculation methods for accelerated depreciation.
• Identify the circumstances under which intangible assets can be accounted for separately.
• State the uses for investment property, as well as the accounting for it.
• Cite the circumstances under which impairment occurs, and the indicators of impairment.
• Recognize the situations when an asset can be designated as held for sale, and the account-ing rules that apply to such an asset.
• Identify the types of events that can create a provision.
• Identify the evaluation criteria for a contract, the components of the transaction price, and when the expected value method should be used.
• Specify the treatment of a payment made with a noncash asset.
• Identify the content of a refund liability account.
• Recognize when a contract modification can be accounted for as a separate contract.
• Recognize the accounting treatment pertaining to customer acceptance clauses, rights to acquire additional goods, asset repurchases, and breakage.
• Specify the accounting for a legal obligation related to harmful products.
• Recognize the situations under which contract liabilities occur, and when disaggregation is used.
• Identify the types of post-employment benefit plans, and the accounting for the various types of benefit plans.
• State the impact of stock price volatility on stock options, and the accounting for a com-pound financial instrument issued to an employee.
• Identify the basis of measurement for a deferred tax asset.
• Specify the criteria used to discern the acquirer in a business combination, and the account-ing for contingent consideration.
• State the classification criteria for a financial liability, a hedging instrument, and a financial asset derecognition.
• Specify the circumstances under which the highest and best use concept is employed, and examples of the fair value hierarchy.
• Specify the criteria used to identify a functional currency and a presentation currency.
• Cite the circumstances under which borrowing costs can be capitalized.
• Identify the reasons why a lease can be useful for a lessee.
• Specify the leasing rules related to asset substitution.
• Recall how the 12-month lease exception works.
• Specify the criteria for designating an entity as a related party.
• Classify events as being after the reporting period or as new events.
• Specify the types of items that do and do not trigger an adjustment to the financial state-ments if they occur after the date of the financial statements.
• Describe how insurance contracts are to be separated into groups for accounting purposes, as well as the accounting for the initial and subsequent measurement of the contracts.
• Cite the accounting rules for biological assets, and identify the characteristics of these assets.
• State the recognition criteria for a government grant, and recognize the accounting for these grants.
• Recognize the special accounting treatment for regulatory deferral accounts.
• Specify the recordation rules for exploration costs and the indicators for mineral asset impairment testing.
• Specify the types of infrastructure facilities to which a service concession arrangement might apply, as well as the accounting for such an arrangement.
• Identify the relevant accounting for the hedge of a net investment in a foreign operation, as well as the liabilities associated with the Directive on Waste Electrical and Electronic Equipment, and the recognition criteria for non-cash payments to owners.
• Recognize the sources of greenhouse gases.
• Identify the consolidation methods used for emissions reporting.
• Recognize the methods used to value the cost of carbon.
• Recognize the accounting recommendations in the IFRIC 3 Emission Rights document.
• Identify the different types of environmental metrics.