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IFRS for SMEs
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IFRS for SMEs

Use the IFRS for maximum efficiency and profitability in your organization!

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Description

The International Financial Reporting Standards (IFRS) for SMEs was issued in 2009 to protect the interests of small and medium enterprises (SMEs) and their investors. Adoption of this globally recognized standard ensures that the company accounts are understandable and comparable, across boundaries and sectors. The need for such a standard stems from the fact that businesses today are not confined to a single geography and also to ensure continued investor support by offering information depicting the financial health of the enterprise.

SMEs therefore require professionals who understand these standards and are able to apply them for clarity, consistent implementation and prepare statements intended for lenders, creditors, investors, employees, governments and others outside of the company.

KnowledgeHut’s course on IFRS for SMEs, is a step-by-step guide to using the standard effectively. Our faculty who are industry veterans, will teach you how to adopt and mould the standard to suit the needs of your organization. This is a must-do course for accountants and financial auditors who can help their organizations grow and realize their vision.

What you will learn:
  • Become proficient in the IFRS which is a globally recognized standard
  • Understand how IFRS is used around the world
  • Learn to prepare general purpose financial statements
  • Help your organization by preparing concise statements that will help gain investor support
  • Help your organization clear jurisdictional boundaries
  • Become an expert in small and medium enterprise financial disclosure

You will also get:

  • Downloadable courseware
  • KnowledgeHut participation certificate

Key Features

Become an expert on financial standards for small and medium enterprises
Expert guidance from experienced faculty
Learn to implement and follow the IFRS
Theoretical knowledge supplemented by practical exercises
Post workshop support and assistance
Downloadable e-book

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.

Certification:

The IFRS exam is conducted by the ACCA. Participants can apply online for the exam 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 three 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

  1. Scope of the IFRS for SMEs
  2. Concepts and pervasive principles
  3. Financial statement presentation
  4. Group accounting
  5. Associates and joint ventures
  6. Property plant and equipment
  7. Intangible assets
  8. Impairments
  9. Inventories
  10. Provisions, contingencies and events after the end of the reporting period
  11. Leases
  12. Financial instruments
  13. Share-based payment
  14. Employee benefits
  15. Income tax
  16. Revenue
  17. Foreign currency and hyperinflation
  18. Disclosures
  19. Specialised activities
  20. Transition to the International Financial Reporting Standards for SMEs

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The tutor was engaging and presented the topics and lessons in an easily digestible manner, while still managing to convey all the necessary information.

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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.

This is a flagship credential offered by ACCA. It is aimed at providing candidates with the knowledge of International Financial Reporting Standards for Small and medium enterprises (SMEs). This knowledge is necessary for professionals who are responsible for applying and understanding these standards on a global scale and benefitting their organisations.

This is a one-hour, multiple choice question paper.

The pass mark for this qualification examination is 50%.


Your fees covers two attempts for the examination. If you fail at the first attempt, you must appear the second time within three 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 plenty of industry 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: http://www.knowledgehut.com/refund


Please send in an email to support@knowledgehut.com, and we will answer any queries you may have!

This course is ideal for professional accountants or those involved in auditing and finances in their enterprise.

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