Best IFRS Coaching Classes| Institute | Centre in Coimbatore Tamilnadu
Certificate in International Financial Reporting (Cert IFR)
This financial reporting course offers a broad introduction to the field of International Financial Reporting and International Financial Reporting Standards (IFRS). It traces the history of the International Accounting Standards Board (IASB) from its early roots through to recent changes and updates and future developments.
The qualification is structured in an accessible and user-friendly way that underlines key information and provides useful summaries. It examines and breaks down specific standards topic-by-topic. There are case studies, which are based on real-life examples, and many exercises, multiple-choice questions and sample answers for you to test your knowledge as you progress through the course.
Course objectives to help you understand how International Financial Reporting Standards (IFRS) are used around the world to explain how the International Financial Reporting Standards Foundation (IFRSF) | International Accounting Standards Board (IASB) work and how these are being changed to examine the fundamental requirements of IFRS on a standard-by-standard basisto provide guidance on how to use IFRS in practice.
Who is it for?
THIS course is an introduction to International Financial Reporting Standards (IFRS). Nationally qualified accountants and auditors can now update their skills to meet the challenges involved in adopting and implementing IFRS in their workplace. An educational or vocational background in financial reporting is recommended before starting the Cert IFRS. This course also benefits ACCA members who gained their qualification prior to the introduction of IFRS. For ACCA members whose qualifications are already based on IFRS, the Cert IFR is an opportunity to update their IFRS knowledge for recent IASB publications.
The CertIFRS course covers the following topics:
The ACCA Diploma in IFRS has been developed by The Association of Chartered Certified Accountants (ACCA).
Diploma in International Financial Reporting (Dip.IFR) is for finance professionals who need to acquire more detailed understanding of IFRS. Dip.IFR is a fast and efficient solution that will develop the current knowledge of this field.
ACCA Diploma in IFRS (Dip.IFR) builds on the technical and/or practical knowledge acquired from recognized country specific accountancy qualifications or relevant work experience. The syllabus introduces the candidate to the wider international framework of accounting and the system of standard setting. This course concentrates on the application of conceptual and technical financial reporting knowledge that candidates have already obtained to the specific requirements of financial reporting under international financial reporting standards.
Over 113 countries require or permit the use of International Financial Reporting Standards (IFRS) for publicly-traded companies. All listed companies in the European Union (EU) have to prepare consolidated company accounts that comply with IFRS. It also affects associates and subsidiaries of EU-listed companies.
Other countries such as Australia, Hong Kong and South Africa have already adopted IFRS or equivalents as their local Generally Accepted Accounting Principles (GAAP). And many other countries around the world, including India, are moving towards applying IFRS, which is having a significant impact on financial reporting The Dip.IFR provides essential international financial reporting knowledge and principles that will prepare candidates for the increasingly global market place and keep them abreast of international developments and how they might apply to companies and businesses.
Ifrs - Official Website link
After completing your Diploma you can easily get a job in one of the following industries or you can start your own advisory and consultancy company:
The Diploma in International Financial Reporting (Dip.IFR) is assessed by a single three-hour written exam of 100 marks. You will have to achieve a 50 percent score or above to complete the paper. The exam is held twice a year - in June and December at ACCA's exam centers.
The main objective of this Diploma is to learn how to apply the International Financial Reporting Standards and the concepts and principles that underpin these standards. On successful completion of this Diploma, candidates will be able to :
Your initial registration fee includes one exam attempt. A further fee is charged for any re-sit.