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Certificate in International Financial Reporting Course

International Financial Reporting

Clear the IFRS exam successfully with our Certificate in International Financial Reporting

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Prerequisites for CERTIFR Course

Prerequisites and Eligibility

For more details on the exam and the certification, please refer to the FAQs.

Prerequisites and Eligibility
  • 450K+
    Career Transformations
  • 250+
    Workshops Every Month
  • 100+
    Countries

CERTIFR Course Highlights

Master the Fundamentals of IFRS

Essential Tips to Clear the IFRS Exam

55 Hours of Live Instructor-Led Online Training

Experiential Learning with Case Studies

Get Downloadable Copy of Courseware

Hands-On Learning with Group Exercises

Post-Workshop Support and Assistance

With globalization has come the internationalization of economic trade and multinational corporations. These types of corporations require a more universal, multidimensional and seamless financial reporting framework that will help them develop accounting standards to deal with the economic, social, and political impact of their presence.

MNCs, therefore, require qualified professionals who can implement International Financial Reporting Standards (IFRS) and disclose information relevant for gaining stakeholder and government support. The CERTIFR from ACCA is one such qualification that introduces you to the need and practical implementation of IFRS. KnowledgeHut’s course will help you prepare for this certification, giving you insights into the history, relevance, and future developments of IFRS from the context of applying them to MNCs.

You will learn how the standards are being adopted around the world, their fundamental requirements and how to implement them to suit the needs of your organization through practicals and workshops. Our experienced trainers will help you earn the degree and gain the competence to apply the standards at your workplace.

Why KnowledgeHut For CERTIFR Training

Get The KnowledgeHut Advantage

Hands-on Learning

Learn through numerous activities, group exercises, practical case studies, and hands-on learning

Learn from Industry Experts

Engage and interact with certified instructors who are also industry experts

Advanced Curriculum

Enhance your skills and concepts with the latest and the most updated curriculum

Practical Training

Learn with the help of practical case studies, hands-on exercises, and guided practice

Strong Fundamentals

Master concepts by learning practically with step-by-step guidance and detailed feedback

Post-Training Guidance

Get access to unlimited webinars, e-books, tutorials, articles, and interview questions

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CERTIFR Course Curriculum

Curriculum

1. The Nature and Operations of the IASB

Learning Objective:

  • Structure of the IFRSF/IASB
  • Extant Standards of the IASB
  • The Framework

2. The Status and Use of IFRS Around the World

Learning Objective:

  • The Use of IFRS Around the World
  • The IASB Roadmap
  • The Annual IASB Bound Volume and its Use

3. Presentation and Profit

Learning Objective:

  • IAS 1, Presentation of Financial Statements
  • IFRS 15, Revenue from Contracts with Customers
  • IAS 8, Accounting Policies, Changes in Accounting Estimates and Errors

4. Accounting For Assets and Liabilities - Part 1

Learning Objective:

  • 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 17, Leases
  • IFRS 5, Non-Current Assets Held for Sale and Discontinued Operations

5. Accounting For Assets And Liabilities - Part 2

Learning Objective:

  • IFRS 13, Fair Value Measurement
  • IFRS 32, Financial Instruments - Presentation
  • IFRS 9, Financial Instruments
  • IFRS 7, Financial Instruments: Disclosures
  • IFRS 2, Share-Based Payment
  • IAS 37, Provisions, Contingent Liabilities and Contingent Assets
  • IAS 10, Events After the Reporting Period
  • IAS 19, Employee Benefits
  • IAS 12, Income Taxes
  • IAS 41, Agriculture
  • IFRS 6, Exploration for and Evaluation of Mineral Resources

6. Group Accounting

Learning Objective:

  • IFRS 10, Consolidated Financial Statements
  • IAS 27 (revised 2011), Separate Financial Statements
  • IFRS 3, Business Combinations
  • IAS 28 (revised 2011), Investments in Associates and Joint Ventures
  • IFRS 11, Joint Arrangements
  • IFRS 12, Disclosure of Interests in Other Entities
  • IAS 21, The Effects of Changes in Foreign Exchange Rates
  • IAS 29, Financial Reporting in Hyperinflationary Economies.

7. Disclosure Standards

Learning Objective:

  • IAS 7, Statement of Cash Flows
  • 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

8. Principal differences between UK/US GAAP and IFRS

Learning Objective:

  • Principal Differences Between UK/US GAAP and IFRS

What You'll Learn in the CERTIFR Course

Learning Objectives
Understand the IFRS

Become proficient in the International Financial Reporting Standards which is a globally recognized standard

Functions of the IFRS

Understand the use of IFR Standards around the world for multinational corporations

Prepare Financial Statements

Learn to prepare financial statements for large MNCs that cater to the IFR Standards

Support Your Organization

Craft concise statements to secure political, social, and economic support for your organization.

Clear Judicial Boundaries

Help your organization clear jurisdictional boundaries by complying with the IFR Standards

Understand the Standards of Finance

Become an expert in large enterprise financial disclosure and understand how the standards are being changed

Who can attend the CERTIFR Course

Who This Course Is For?
  • Professional Accountants
  • Auditors
  • Financial Experts
Who Should Attend

CERTIFR Courses FAQs

Frequently Asked Questions
CERTIFR Training

1. What are the eligibility criteria for this course?

Prerequisites: There are no prerequisites for taking the exam and one need not have any experience or formal qualifications in accounting and auditing to apply for this certificate.

For more information and sample question papers, visit https://www.accaglobal.com/in/en/qualifications/glance/certifr/who.html

Certification: Participants can apply online for the IFRS exam offered by ACCA and pay via credit card, which will also give them access to the online course.

The fees allow you to appear twice, if you fail at the first attempt. The re-examination must be taken within six months of accessing the online course.

If you fail to clear after three attempts, you will be required to pay another registration fee, following which you will get three more chances to appear for the examination

The Exam: The IFRS exam offered by ACCA is a one-hour, multiple choice question paper, with a pass mark of 50%.

2. Who is the target audience for this course?

This course is ideal for professional accountants or auditors who want to update their skills to meet the challenges involved in adopting and implementing IFRS in their workplace.

3. What are the practical skills I can acquire with this Course?

Through this course, you will learn:

  • Become proficient in the IFRS which is a globally recognized standard
  • Understand how IFRS is used around the world for multinational corporations
  • Learn to prepare financial statements for large MNCs
  • Help your organization by preparing concise statements that will help gain political, social and economic support
  • Help your organization clear jurisdictional boundaries
  • Become an expert in large enterprise financial disclosure
  • Understand how the standards are being changed from before
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