International Accounting Standards And IFRS Certificate (Level 4)

Looking for a qualification that will give you the edge in the competitive job market of today? The Level 4 Certificate in International Accounting Standards and IFRS qualification has been designed to appeal to learners:

• who already hold the IAB Levels 2 and 3 Bookkeeping and Accounting qualification, or other bookkeeping/accounting equivalent accredited qualifications recognised by the IAB, and want to further their studies at an advanced level
• who already have some experience of bookkeeping and accounting as senior bookkeepers, accounting technicians or in allied roles, but wish to enhance their knowledge and skills so that they can perform some of the more advanced routine and non-routine tasks associated with accounting for limited companies
• who may wish to continue to a higher level of study in accounting and related subjects by ultimately progressing to chartered level.

This course aims to provide a sound knowledge of the regulatory and conceptual frameworks that are fundamental to the preparation of financial statements for limited companies.

On successful completion of the qualification you will have the knowledge and skills to:

• Understand the legal status of a limited company
• Understand the legal status of a limited company
• Account for the capital structure of a limited company
• Prepare a statement of Profit or Loss and a Statement of Financial Position for internal use
• Understand the need for a regulatory framework
• Understand the purpose of the Conceptual Framework for Financial Reporting
• Apply International Accounting Standards
• Prepare a Statement of Profit or Loss and a Statement of Financial Position in published format
• Prepare a Statement of Cash Flows
• Prepare consolidated Financial Statements
• Calculate and interpret accounting ratios and appraise financial performance