Diploma IFRS

The International Accounting Standards Committee (IASC) was established in June 1973 by accountancy bodies representing ten countries. It devised and published International Accounting Standards (IAS), interpretations and a conceptual framework. These were looked to by many national accounting standard-setters in developing national standards.

The Conceptual Framework serves as a tool for the IASB to develop standards. It does not override the requirements of individual IFRS. Some companies may use the Framework as a reference for selecting their accounting policies in the absence of specific IFRS requirements.

Diploma IFRS is designed to develop an individual’s knowledge of IFRS, providing an understanding of the concepts and principles which underpin them and their application in the international marketplace, thereby helping professionals prepare for work in the IFRS environment.

Professionals who have already done or are doing courses like Chartered Financial Analyst (CFA), Cost and Works Accountant, Chartered Accountancy (CA), Company Secretary (CS), Certified Financial Planner (CFP) and MBA in Finance or Accounting should opt for IFRS certification to become at par with global finance professionals.

There is a huge scope of growth for IFRS professionals, especially for those who are beginning their career in finance than those with mid-level or senior-level accounting experience.

The IFRSs has become the global accounting icon and almost all career avenues related to finance & accounting are affected by these accounting reforms. The accounting standards are the principle and practices which lay down a framework on which financial statements of an enterprise are prepared.

These international standards have become obligatory for the corporate who want to exploit global financial markets by making a listing of their company on international stock exchanges, by way of joint ventures or by any other mode.

The implementation of IFRS as an essential norm for doing business in global markets has turned it into a mandatory requirement for the companies. The companies are seeking this expertise as eligibility for the accounting professionals. Moreover, the companies are also facilitating the existing employees in this area to learn these standards.

The proficiency in these international standards is highly recommended for Chief Accountant, Chief Financial Officer, Finance Managers, Bank Managers, Financial Controllers, Accountants, Financial Analyst, Auditors and Portfolio Managers.