IFRS Training

TRAINING PROGRAMS OFFERED

ACCA Certificate Course on IFRS

The Certificate in International Financial Reporting (CertIFR) is an ideal qualification to help you develop an understanding of IFRS or gain formal recognition for your existing IFRS skills and knowledge. Cost effective and flexible, CertIFR provides a comprehensive introduction to the principles of IFRS and is delivered entirely online.

Course overview

CertIFR offers a comprehensive introduction to the field of International Financial Reporting and International Financial Reporting Standards, tracing the history of the International Accounting Standards Board (IASB) from its early roots through to the recent changes and future developments. Structured in a readable and user-friendly format, the course distils key information into easy-to-digest bullet points, provides useful summaries and examines, topic-by-topic, specific standards. Frequently asked questions and answers expand on the points covered, while case studies are based on real-life examples. In addition a large number of exercises, multiple-choice questions and sample answers enable you to confidently test your knowledge and guide you as you progress through the course.

Primary course objectives

To help you understand how International Financial Reporting Standards (IFRS) are used around the world.

To explain the workings of the IASC/IASB and how these are being changed To examine the fundamental requirements of IFRS Training on a standard-by-standard basis for the benefit of preparers, auditors and users of financial statements To provide guidance on how to use IFRS in practice with the aid of questions, cases and exercises

To outline the main differences between IFRS and UK rules

 It is for you..

If you are a professional accountant or auditor, qualified in accordance with your national accounting standards, then this is the qualification for you. You do not need to have any experience or formal qualifications in accounting and auditing to apply for this certificate.

Syllabus

The nature and operations of the IASB

Structure of the IASC/IASB

Extant standards of the IASB

The framework

The status and use of IFRSs around the world

The use of IFRS around the world

The IASB roadmap

The annual IASB bound volume and its use

 Presentation and profit

IAS 1, Presentation of financial statements

IAS 18, Revenue

IAS 8, Accounting policies, changes in accounting estimates and errors

 Asset recognition and measurement

IAS 16, Property, plant and equipment

IAS 38, Intangible assets

IAS 40, Investment Property

IAS 36, Impairment of assets

IAS 23, Borrowing costs

IAS 20, Accounting for government grants and disclosure of government assistance

IAS 2, Inventories

IAS 11, Construction contracts

IAS 17, Leases

IAS 32, Financial instruments – presentation

IAS 39, Financial instruments – recognition and measurement

IAS 41, Agriculture

IFRS 7, Disclosure

IFRS 6, Exploration for and evaluation of mineral resources

IFRS 5, Non-current assets held for sale and discontinued operations

Accounting for liabilities

IFRS 2, Share-based payment

IAS 37, Provisions, contingent liabilities and contingent assets

IAS 10, Events after the balance sheet date

IAS 19, Employee benefits

IAS 12, Income taxes

Group accounting

IAS 27, Consolidated financial statements and accounting for investment in subsidiaries

IAS 28, Accounting for investments in associates

IAS 31, Joint ventures

IAS 21, The effects of changes in foreign exchange rates

IAS 29, Financial reporting in hyperinflationary economies

Disclosure standards

IAS 7, Cash flow statements

IAS 14, Segment reporting

IAS 24, Related party disclosures

IAS 33, Earnings per share

IAS 34, Interim financial reporting

IFRS 4, Insurance contracts

IFRS 1, First time adoption of IFRS

IFRS 8, Operating segments

IAS 30, Disclosures in the statements of banks and similar financial institutions

Principal differences between UK/US GAAP and IFRS

Proposals for change

Eligibility

The target audience is professional accountants and auditors, qualified in accordance with their national accounting standards. However, it is possible for those with experience, but no formal qualifications in accounting and auditing to register for this Certificate.