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Courses/Accounting & Tax/Accounting

Analyzing IFRS Financial Statements

Go beyond standard ratios to uncover the true financial performance and strategic value of IFRS-compliant organizations.

Created byEric Knight
BeginnerUpdated Oct 19, 2026
Analyzing IFRS Financial Statements

What You'll Learn

check_circleAnalyze the impact of IFRS principles on financial statement comparability and asset valuation.
check_circleApply the DuPont framework to disaggregate return on equity into profitability, efficiency, and leverage components.
check_circleDistinguish between operating and financial components of the balance sheet to assess core business sustainability.
check_circleEvaluate corporate performance using managerial ratios and contribution margin analysis.
check_circleInterpret management commentary through the lens of integrated reporting and sustainability disclosures.

About This Course

This course provides a systematic framework for analyzing financial statements prepared under International Financial Reporting Standards, using the Canadian grocer Loblaw as a practical case study. It examines the fundamental differences between IFRS and GAAP, including inventory valuation, lease accounting, and asset impairment, while demonstrating advanced analytical techniques such as common size analysis and the DuPont framework. The content covers the separation of core business performance from financing activities, the use of managerial ratios to assess cost behavior, and the integration of sustainability reporting into management commentary. Participants will gain insights into how industry-specific nuances and management judgment influence financial presentation and decision-making.

Topics Covered:

  • IFRS versus GAAP reporting differences
  • Common size and trend analysis techniques
  • DuPont framework for return on equity
  • Operating versus financing activity separation
  • Cash conversion cycle and working capital
  • Managerial ratios and cost behavior analysis
  • Management commentary and narrative reporting
  • Industry-specific financial statement presentation

Your Instructor

Eric Knight
Eric Knight
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Dr. Eric Knight is a Certified Public Accountant (CPA) with a career that bridges professional accounting and academia. He earned a B.S. in Accounting from Louisiana State University, an M.S. in Accounting from the University of North Texas, and a Doctor of Business Administration (D.B.A.) from Baker College, where his research focused on student perceptions of accounting education. With more than 25 years of combined professional and academic experience, he brings both practical expertise and scholarly perspective to my work. My professional career includes roles as a tax accountant and positions in corporate finance, where he specialized in financial analysis, reporting, and compliance. He also managed budgets, contracts, and fiscal operations across multiple departments in higher education. Dr. Knight was invited to speak at the 2025 Fall Continuing Professional Development Conference for CPA New Brunswick. Since 2008, he has dedicated himself to teaching and mentoring future professionals. Dr. Knight teaches courses in financial accounting, managerial accounting, and taxation, with a focus on clarity, engagement, and real-world application. His goal is to bridge the gap between theory and practice, equipping students with the knowledge and confidence to succeed in today’s dynamic business environment. Dr. Eric Knight’s areas of expertise include Managerial Accounting and Financial Statement Analysis, with research examining the challenges business majors face in accounting courses.

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We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

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