IFRS for SMEs

Drive financial efficiency and profitability for your organization with IFRS

  • Understand how IFRS is used around the world 
  • Help your organization clear jurisdictional boundaries 
  • Become an expert in small and medium enterprise financial disclosure  
  • 400,000 + Professionals trained
  • 250 + Workshops every month
  • 100 + Countries and counting

Become an Expert in Auditing

The International Financial Reporting Standards (IFRS) for SMEs was issued in 2009 to protect the interests of small and medium enterprises (SMEs). This ensures that the company accounts are understandable and comparable, across sectors. The need for such a standard is required to maintain the same standard for businesses across different geographies.

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Highlights

  • Live instructor-led online training   

  • Experiential learning with case studies   

  • Real-world simulations, case studies     

  • Get downloadable copy of courseware   

  • Hands-on learning with group exercises 

  • Post-workshop support and assistance 

Accredited by

The KnowledgeHut Edge

Hands-on Training

Understand through numerous activities, team-based exercises, practical case studies, and hands-on learning 

Learn from Experts

Engage and interact directly with certified instructors who are also industry experts  

Updated Curriculum

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

Practical Exercises

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

Master Fundamentals

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

Post-Training Support

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

Prerequisites

IFRS for SMEs Prerequisites

There are no prerequisites for this course. 

Who should attend IFRS for SMEs

Professional accountants

Auditors

Financial Experts

IFRS for SMEs Schedules

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What you will learn

Fundamentals of the IFRS

Become proficient in the IFRS which is a globally recognized standard 

Understand the IFRS

Understand how IFRS is used around the world 

Prepare Financial Statements

Gain a complete understanding to prepare general purpose financial statements 

Gain Investor Support

Help your organization by preparing concise statements that will help gain investor support 

Set Jurisdictional Boundaries

Help your organization set clear jurisdictional boundaries and protect the business interests 

Understand the SME Finances

Become an expert in small and medium enterprise financial disclosure 

Transform Your Workforce

Master the IFRS

Strengthen your finance team’s audit and finance capabilities with the ACCA approved IFRS for SMEs course. Enable your teams in building effective auditing strategies and that ensure business success and adherence to stringent financial regulations set by the IFRS. 

  • Deliver on best practices with the most up-to-date tools.
  • Align skill development with your business objectives.
  • Leverage KnowledgeHut's Immersive Learning approach.
  • Get in touch for customized corporate training programs. 

500+ Clients

IFRS for SMEs Curriculum

  • Scope of the IFRS for SMEs
  • Concepts and pervasive principles
  • Financial statement presentation
  • Group accounting
  • Associates and joint ventures 
  • Property plant and equipment
  • Intangible assets
  • Impairments
  • Inventories
  • Provisions, contingencies and events after the end of the reporting period 
  • Leases
  • Financial instruments
  • Share-based payment
  • Employee benefits
  • Income tax 
  • Revenue
  • Foreign currency and hyperinflation
  • Disclosures
  • Specialized activities
  • Transition to the International Financial Reporting Standards for SMEs 

FAQs

Training

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%. 

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

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
  • 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 

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. 

Workshop Experience

The IFRS for SMEs workshop at KnowledgeHut is delivered through an immersive learning experience platform, via live and interactive instructor-led training sessions.

Listen, learn, ask questions, and get all your doubts clarified from your instructor, who is an experienced practitioner.  

The instructors of this course by KnowledgeHut are industry experts and certified trainers who are a part of organizations actively implementing IFRS.  

Our course focuses on engaging interaction. Most class time is dedicated to fun exercises, lively discussions, and team collaboration - all facilitated by the trainer. The focus is on practical solutions to real-world challenges drawn from decades of experience, and leaders in finance environments.  

Yes, your course material will be provided in advance. You will receive an email with a link to set your password a few days in advance of the scheduled course. You will have access to the study plan and all the course material.  

The course material comprises of the course schedule or study plan, workbooks and all relevant assignments, assessments, or case studies.  

The sessions would be auto recorded on our LMS, subject to permission by the instructor. Based on the permissions, you would have lifetime access to the video recordings of the sessions as well. 

No, you will not yet be able to join the training through phone or tab. Please be prepared to join the training on your laptop or desktop.  

If you miss a class, you can access the recordings of the sessions, provided that the instructor has permitted recordings. At the beginning of every session, there will also be a 10-12-minute recapitulation of the previous class.   

This is an instructor-led live training workshop. 

We currently use the Zoom platform for video conferencing and will soon be adding more integrations with Webex and Microsoft Teams. However, all the sessions and the recordings will be available right from within our learning platform. Learners will not need to wait for any notifications or links or install any additional software.  

Should you have any more questions, please email us on support@knowledgehut.com and we will be happy to get back to you.  

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