IFRS Coaching

This financial reporting course offers a broad introduction to the field of International Financial Reporting and International Financial Reporting Standards (IFRS). It traces the history of the International Accounting Standards Board (IASB) from its early roots through to recent changes and updates and future developments.

The qualification is structured in an accessible and user-friendly way that underlines key information and provides useful summaries. It examines and breaks down specific standards topic-by-topic. There are case studies, which are based on real-life examples, and many exercises, multiple-choice questions and sample answers for you to test your knowledge as you progress through the course.

Course objectives to help you understand how International Financial Reporting Standards (IFRS) are used around the world to explain how the International Financial Reporting Standards Foundation (IFRSF) | International Accounting Standards Board (IASB) work and how these are being changed to examine the fundamental requirements of IFRS on a standard-by-standard basisto provide guidance on how to use IFRS in practice.

Who is it for?

THIS course is an introduction to International Financial Reporting Standards (IFRS). Nationally qualified accountants and auditors can now update their skills to meet the challenges involved in adopting and implementing IFRS in their workplace. An educational or vocational background in financial reporting is recommended before starting the Cert IFRS. This course also benefits ACCA members who gained their qualification prior to the introduction of IFRS. For ACCA members whose qualifications are already based on IFRS, the Cert IFR is an opportunity to update their IFRS knowledge for recent IASB publications.

The CertIFRS course covers the following topics:

• The nature and operations of the IASB

• The status and use of IFRSs around the world

• Presentation and profit

• Accounting for assets and liabilities – part 1

• Accounting for assets and liabilities – part 2

• Group accounting

• Disclosure standards

• Principal differences between UK/US GAAP and IFRS.

Objectives:

The main objective of this Diploma is to learn how to apply the International Financial Reporting Standards and the concepts and principles that underpin these standards. On successful completion of this Diploma, candidates will be able to :

• Understand and explain the structure of the framework of international accounting.

• Apply relevant financial reporting standards to key elements of financial reports.

• Identify and apply disclosure requirements for companies in financial reports and notes.

• Identify and apply disclosure requirements for companies in financial reports and notes.