Recognize the underlying concepts and principles of IFRS.;Identify the required format and content of a complete set of financial statements, including required footnote disclosures;Identify the presentation and disclosure requirements of a statement of cash flows, including the proper classification of operating, financing, and investing activities.;Indicate and apply the requirements of new standards on revenue recognition (IFRS 15) and leases (IFRS 16).;Identify the classification, recognition, measurement, and disclosure of common financial statement assets and liabilities.;Identify and account for an impairment loss with respect to a nonfinancial asset.;Recall required disclosures for related parties and events after the reporting period.;Recognize the accounting treatment applied to share-based payments and employee benefits.;Recall accounting requirements for business combinations, joint arrangements, and investments in associates.;Identify and calculate tax amounts to be recognized in the financial statements.;Recall the accounting requirements applicable to entities that transact in or keep accounting records in foreign currency.;Indicate how to measure fair value when required by IFRS standards.