International Financial Reporting Standards are used to make companies and the accounting profession shift to communicate in the same accounting language between the countries of the world. This IFRS test is designed to access a user's knowledge of IFRS along with how to apply the standards in an accounting environment. The assessment presents questions that focus on a variety of topics including the first-time adoption of IFRS, IFRS roles and framework, asset and liability recognition, revenue and expense recognition, consolidation and business combination, and financial statement presentation. This assessment is appropriate for test takers that have worked with the IFRS for more than a year and have a strong understanding of the International Accounting Standards (IAS). General Accounting and Advanced Accounting are also available.