Modes of Delivery
Team/Corporate Training
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Description
Trade is no longer localized. With globalization has come the internationalization of economic trade and multinational corporations that work across financial markets and geographies can no longer depend on national accounting systems. Such corporations require a more universal, multi-dimensional financial reporting framework that will help them develop accounting standards to deal with the economic, social and political impact of their presence.
MNCs therefor 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 practical and scenario-based workshops. Our experienced trainers will help you earn the degree and gain the competence to apply the standards at your workplace.
What 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
You will also get:
- Intensive coaching from industry experts
- Downloadable courseware
- Intensive exam prep
Key Features
Certification
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 allows 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%.
Curriculum
- The use of IFRS around the world
- The IASB roadmap
- The annual IASB bound volume and its use.
- IAS 1, Presentation of financial statements
- IFRS 15, Revenue from contracts with customers
- IAS 8, Accounting policies, changes in accounting estimates and errors.
- 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
- 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.
- 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.
- 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.
Principal differences between UK/US GAAP and IFRS
Proposals for change
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Attended Agile and Scrum workshop in May 2018Knowledgehut is among the best training providers in the market with highly qualified and experienced trainers. The course covered all the topics with live examples. Overall the training session was a great experience.
Attended Agile and Scrum workshop in May 2018I was impressed by the way the trainer explained advanced concepts so well with examples. Everything was well organized. The customer support was very interactive.
Attended Agile and Scrum workshop in May 2018I would like to extend my appreciation for the support given throughout the training. My trainer was very knowledgeable and I liked his practical way of teaching. The hands-on sessions helped us understand the concepts thoroughly. Thanks to Knowledgehut.
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Prinicipal ConsultantFrequently Asked Questions
ACCA, stands for Association of Chartered Certified Accountants and is a globally recognized centre for financial studies and trainings. Its offers plenty of accountancy certifications and a credential from ACCA is a reflection of the holder’s expertise in the given area.
IFRS are a set of accounting standards developed by the International Accounting Standards Board (IASB), an independent organization. Its goal is to standardize the way public companies maintain and disclose their financial statements, especially those companies that have a presence in several countries and geographies.
Financial reporting professionals need to be well-versed with all the accounting standards and their implications in different geographies. They should be detail oriented and have excellent financial reporting knowledge. Given that there is a shortage of skilled staff and a huge demand for well-qualified professionals, a certificate in IFRS will set you apart and give your career the push it requires. Also, this course will teach you all about the accounting standards and how to use it to benefit your company.
There are no requisite qualifications to attend the course or take the certification but certified accountants and auditors who want to update their skills to meet the challenges involved in adopting and implementing IFRS in their workplace will benefit most.
No, there is no online class for this course. KnowledgeHut holds CERTIFR training as a classroom training workshop throughout the year in various centres. Our faculty are dedicated professionals with years of corporate experience and a passion for igniting minds.
The certificate is assessed by a one-hour exam with multiple-choice questions. The pass mark is 50%.
The fees for the online course allows 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 trainers are highly qualified and certified instructors with 20+ years of experience to deliver classroom training.
It is easy to enroll for classroom training online. There are several options to pay either through your debit/credit card that includes Visa Card, MasterCard; American Express or - via PayPal. Payment receipt will be issued to the candidate automatically by email.
Any registration cancelled within 48 hours of the initial registration will be refunded in FULL (please note that all cancellations will incur a 5% deduction in the refunded amount due to transactional costs applicable while refunding). Refunds will be processed within 30 days of receipt of written request for refund. Kindly go through our Refund Policy for more details: https://www.knowledgehut.com/refund-policy
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.