To help you understand how International Financial Reporting Standards (IFRS) are used around the world.
The International Financial Reporting Standards, i.e. IFRS are the accounting standards and the principles that are set by the International Accounting Standard Board or IASB and are becoming the international standards for the preparation of the financial statements.
Most of the countries are converting their standards towards the IFRS or are adopting IFRS to be eligible for uniform reporting. India is a step closer to the convergence with the IFRS and has adopted Ind-AS.
The perks of establishing international accounting standards are that a sole format will be easier to use for the financial statements across the organizations globally. This will make it simpler for the organizations to compete abroad and raise capital as well as win international contracts by offering consistent as well as comparable financial information.
Perks of studying IFRS
Multiple IFRS profiles are being provided in numerous sectors of industry that include software, ITES, pharmaceuticals, professional advisory enterprises, auto spare part, banking industry, auditing firms, KPOs, insurance industry, etc.
Qualified and experienced IFRS professionals can establish their personal consultancies to assist organizations migrate to IFRS.
Practical knowledge of the global standards will open the doors internationally as 100+ countries have given green signals in their own accounting boundaries.
Application of the global standards is complicated and time-taking which underlines the importance of IFRS experts.
Constant modifications in the mentioned standards by the regulators is creating requirement for IFRS experts with complete comprehension of the mentioned standards.
Who should pursue this particular course?
The students who pursue graduation, masters in the field of commerce or are qualified experts such as CAs, MBAs, CSs, CFPs, or any other pertinent course in the sector of finance can select for this certification in IFRS.
Accounting experts who want to supplement his or her capability sets by learning the fresh accounting standards to shift the job or simply to get updated with the current norms.
A candidate who wishes to commence a career in the field of financial reporting.
After the completion of this certificate or the program, the candidate will be able to:
Receive additional certifications in the Ind-AS as well as 10 hours of training for the Dip IFRS or ACCA from the BRICS Academy that too at no extra charges.
Attempt for the Cert IFRS examination or CCA without any additional coaching.
Apply for pertinent financial reporting standards to essential elements of financial reports.
Identify as well as apply for the disclosure necessities for enterprises in financial reports and notes to the accounts.
Structure group financial statements that exclude the group cash-flow statements but include the subsidiaries, joint arrangements and associates.
Certificate in IFRS
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 basis.
To provide guidance on how to use IFRS in practice.
Eligibility – An educational or vocational background in financial reporting is recommended before starting the Cert IFR.
Vision
To be globally recognized as a Centre of Excellence for Research, Innovation, Entrepreneurship and spreading knowledge by delivering thought-provoking learning to create professional leaders for serving the society.
Mission
Engaging students as learners and training them to become a professional leader in an intellectually challenging and contemporarily varied environment. Providing world-class infrastructure, famous academicians, and a supreme environment for Research, Innovation, Consultancy, and Entrepreneurship. Creating prospectus to match international standards along with complete training and inculcation of Human and moral values to meet the requirements of industry and civil society at Jesse college.
IFRS course is offered by Institute of Professional & Computerized Accountancy. IPCA is an exclusive training institute in Hyderabad offering job oriented training for those who really wanted to become a professionals in IT and non IT sectors.
Practising professionals who yet to be qualified will need to prove that they meet one of the following criteria –
IFRS course is offered by IBS School of Commerce. IFRS provide a global framework of how public companies prepare and disclose their financial statements .It provides general guidance for the preparation of financial statements, rather than settings rules for industry specific reporting.
This IFRS (International Financial Reporting Standards) training course will empower you in understanding IFRS by providing practical and detailed knowledge of the key international financial reporting standards (IFRS) and how they are interpreted and applied.
Diploma in International Financial Reporting Standards By the ACCA – Association of Chartered Certified Accountants, UK
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