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ACCA Certificate Course on IFRS

 

The Certificate in International Financial Reporting (CertIFR) is an ideal qualification to help you develop an understanding of IFRS or gain formal recognition for your existing IFRS skills and knowledge. Cost effective and flexible, CertIFR provides a comprehensive introduction to the principles of IFRS and is delivered entirely online.

 

Course overview

 

CertIFR offers a comprehensive introduction to the field of International Financial Reporting and International Financial Reporting Standards, tracing the history of the International Accounting Standards Board (IASB) from its early roots through to the recent changes and future developments. Structured in a readable and user-friendly format, the course distils key information into easy-to-digest bullet points, provides useful summaries and examines, topic-by-topic, specific standards. Frequently asked questions and answers expand on the points covered, while case studies are based on real-life examples. In addition a large number of exercises, multiple-choice questions and sample answers enable you to confidently test your knowledge and guide you as you progress through the course.

Primary course objectives

 

To help you understand how International Financial Reporting Standards (IFRS) are used around the world. To explain the workings of the IASC/IASB and how these are being changed To examine the fundamental requirements of IFRS on a standard-by-standard basis for the benefit of preparers, auditors and users of financial statements To provide guidance on how to use IFRS in practice with the aid of questions, cases and exercises. To outline the main differences between IFRS and UK rules

 

It is for You

If you are a professional accountant or auditor, qualified in accordance with your national accounting standards, then this is the qualification for you. You do not need to have any experience or formal qualifications in accounting and auditing to apply for this certificate.

 

  • The nature and operations of the IASB
  • Structure of the IASC/IASB
  • Extant standards of the IASB
  • The framework
  • The status and use of IFRSs around the world
  • The use of IFRS around the world
  • The IASB roadmap
  • The annual IASB bound volume and its use
  • IAS 1, Presentation of financial statements
  • IAS 18, Revenue
  • IAS 8, Accounting policies, changes in accounting estimates and errors
  • IAS 16, Property, plant and equipment
  • IAS 38, Intangible assets
  • IAS 40, Investment Property
  • IAS 36, Impairment of assets
  • IAS 23, Borrowing costs
  • IAS 20, Accounting for government grants and disclosure of government assistance
  • IAS 2, Inventories
  • IAS 11, Construction contracts
  • IAS 17, Leases
  • IAS 32, Financial instruments – presentation
  • IAS 39, Financial instruments – recognition and measurement
  • IAS 41, Agriculture
  • IFRS 7, Disclosure
  • IFRS 6, Exploration for and evaluation of mineral resources
  • IFRS 5, Non-current assets held for sale and discontinued operations

 

  • IFRS 2, Share-based payment
  • IAS 37, Provisions, contingent liabilities and contingent assets
  • IAS 10, Events after the balance sheet date
  • IAS 19, Employee benefits
  • IAS 12, Income taxes

 

  • IAS 27, Consolidated financial statements and accounting for investment in subsidiaries
  • IAS 28, Accounting for investments in associates
  • IAS 31, Joint ventures
  • IAS 21, The effects of changes in foreign exchange rates
  • IAS 29, Financial reporting in hyperinflationary economies

 

  • IAS 7, Cash flow statements
  • IAS 14, Segment reporting
  • IAS 24, Related party disclosures
  • IAS 33, Earnings per share
  • IAS 34, Interim financial reporting
  • IFRS 4, Insurance contracts
  • IFRS 1, First time adoption of IFRS
  • IFRS 8, Operating segments
  • IAS 30, Disclosures in the statements of banks and similar financial institutions

 

Principal differences between UK/US GAAP and IFRS

 

Proposals for change

 

Eligibility

The target audience is professional accountants and auditors, qualified in accordance with their national accounting standards. However, it is possible for those with experience, but no formal qualifications in accounting and auditing to register for this Certificate.

 

Preparation

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