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Certificate in International Financial Reporting Training in Newark, NJ, United States
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Certificate in International Financial Reporting Training in Newark, NJ, United States

Earn your certificate in International Financial Reporting Standards

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Modes of Delivery

Online Classroom

Collaborative, enriching virtual sessions, led by world class instructors at time slots to suit your convenience.

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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

Training to aim for expertise in the International Financial Reporting Standards
Prepare and aim for a first time pass of the IFRS exam
Practical knowledge of applying IFRS standards through hands on exercises
Extensive Q & A sessions for thorough exam preparation
Post workshop assistance and support
Real world examples and case studies

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

Structure of the IFRSF/IASB
Extant standards of the IASB
The framework
  • 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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Everything from the course structure to the trainer and training venue was excellent. The curriculum was extensive and gave me a full understanding of the topic. This training has been a very good investment for me.

Attended Certified ScrumMaster (CSM)® workshop in May 2018

I am glad to have attended KnowledgeHut's training program. Really I should thank my friend for referring me here. I was impressed with the trainer who explained advanced concepts thoroughly and with relevant examples. Everything was well organized. I would definitely refer some of their courses to my peers as well.

Attended PMP® Certification workshop in May 2018

The instructor was very knowledgeable, the course was structured very well. I would like to sincerely thank the customer support team for extending their support at every step. They were always ready to help and smoothed out the whole process.

Attended Agile and Scrum workshop in May 2018

Knowledgehut is known for the best training. I came to know about Knowledgehut through one of my friends. I liked the way they have framed the entire course. During the course, I worked on many projects and learned many things which will help me to enhance my career. The hands-on sessions helped us understand the concepts thoroughly. Thanks to Knowledgehut.

Attended Agile and Scrum workshop in May 2018

The teaching methods followed by Knowledgehut is really unique. The best thing is that I missed a few of the topics, and even then the trainer took the pain of taking me through those topics in the next session. I really look forward to joining KnowledgeHut soon for another training session.

Attended Certified ScrumMaster (CSM)® workshop in May 2018

This is a great course to invest in. The trainers are experienced, conduct the sessions with enthusiasm and ensure that participants are well prepared for the industry. I would like to thank my trainer for his guidance.

Attended PMP® Certification workshop in May 2018

KnowldgeHut's training session included everything that had been promised. The trainer was very knowledgeable and the practical sessions covered every topic. World class training from a world class institue.

Attended Certified ScrumMaster (CSM)® workshop in May 2018

Knowledgehut is the best platform to gather new skills. Customer support here is very responsive. The trainer was very well experienced and helped me in clearing the doubts clearly with examples.

Attended Agile and Scrum workshop in May 2018
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Frequently 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.

Certificate in International Financial Reporting Course in Newark, NJ

Newark is a prominent city in the USA state of New Jersey. It is the largest city in the state and is a major air, shipping and retail hub of the country. Newark is the state’s largest employer and has ample job prospects such as insurance, health care, government, finance, imports and exports, etc. The city also has booming industries, while the service industry is also growing at a rapid rate.

About the Course

The certificate in International Financial Reporting in Newark is designed keeping in mind the need of proper adaptation and implementation of the IFRS structure for multinational corporations around the world. The certificate in International Financial Reporting in Newark is a course that focuses on creating professional that are skilled in implementing the IFRS standards for disclosing the information that is relevant for gaining support from the stakeholders and government. Certificate in International Financial Reporting training in Newark course introduces the candidates to the fundamentals of IFRS through practical and scenario-based workshops. Pursuing this certification with the training will help the participants become competent in applying the standards and skills learned at their own workplace. The certificate in International Financial Reporting training in Newark is inexpensive and the price is affordable for all candidates for advancement in their careers.

Benefits of the Course

The certificate in International Financial Reporting certification in Newark is very beneficial to the candidates as it not only gets them a certification, but also instills relevant skills such as understanding the use of IFRS for MNCs globally. Certificate in International Financial Reporting course uses learning programs and classes to understand how the standards are improving and changing from the past. 

About KnowledgeHut

We have successfully trained more than 30,000 candidates worldwide and met the requirements and expectations of more than 1500 organizations including popular names like Coca-Cola, Dell, TESCO, HP, etc. KnowledgeHut strives to provide top quality training to candidates via its classes and dedicated classroom training.

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