International Financial Reporting Standards (IFRS) Course
Why IFRS?
- Global Standardization: IFRS provides a universal framework for financial reporting, ensuring consistency and transparency across international financial statements. IFRS have been adopted by 169 countries / jurisdictions.
- Career Advancement: Proficiency in IFRS is highly valued by multinational corporations, audit firms and outsourcing companies, enhancing career prospects in global finance roles.
- Regulatory Compliance: Understanding IFRS is crucial for compliance with international financial regulations and reporting requirements.
- Migration Possibilities: IFRS qualification is in demand in countries like Australia, Canada, New Zealand, etc.
Course Highlights
- Comprehensive Curriculum: Covers all key IFRS standards, including revenue recognition, financial instruments, leases, impairment of assets, and more.
- Expert Instruction: Learn from experienced professionals with in-depth knowledge of IFRS and its application in real-world scenarios.
- Interactive Learning: Engage in case studies, practical exercises, and discussions to deepen understanding and application of IFRS principles.
- Flexible Learning Options: Choose between online and in-person classes to suit your schedule and learning preferences.
Who Should Apply?
- Finance Professionals: Accountants, auditors, and financial analysts seeking to enhance their knowledge of international accounting standards.
- Corporate Finance Teams: Managers, financial controllers and chief financial officers involved in financial reporting and compliance within multinational organizations.
- Students and Graduates: Aspiring finance professionals aiming to build a strong foundation in global accounting practices.
Exam Structure & Syllabus Snapshot
Module 1: Introduction to IFRS
- Overview of IFRS and its importance in global financial reporting.
- Structure and governance of the International Accounting Standards Board (IASB).
Module 2: Core IFRS Standards
- Detailed study of key IFRS standards, including IFRS 15 (Revenue from Contracts with Customers), IFRS 9 (Financial Instruments), and IFRS 16 (Leases).
- Analysis of the conceptual framework underlying IFRS.
Module 3: Application and Compliance
- Practical application of IFRS standards in financial statements.
- Understanding the implications of IFRS adoption for financial reporting and compliance.
Why Choose Emerge Management Academy?
- Proven record of delivering high-quality professional finance training.
- Small class sizes, interactive live sessions (in-person and online) and personal mentoring until you pass.
- Tailored for aspirants with global ambitions — in-person classes in Chennai & Mumbai, on-line classes for the rest of India and the world.
- Enrol with confidence and get dedicated support.
- Comprehensive LMS and extensive test-bank and mock exams tailored for CPA success
- Dedicated U.S. certified instructors with rich industry experience and teaching experience, continuous progress monitoring & homework
- Registration and scheduling assistance
- Several years of IFRS coaching experience
Next Steps
- Contact Us: Reach out to our admissions team at enq@emergeacademy.net or call +91 8939964000 for more information.
- Register: Complete the registration process and secure your spot in the upcoming batch.
- Begin Learning: Start your journey towards mastering IFRS with Emerge Management Academy.
COURSE SPECIFIC FAQ's
Overview
Why IFRS program is relevant?
IFRS has been adopted by more than 120+ countries across the globe. India has revised the law to enforce IFRS implementation. Accountants migrating to Canada, Australia, New Zealand, and Europe will have competitive edge via their advanced knowledge of IFRS.
IFRS Training in Dubai helps professionals understand International Financial Reporting Standards.
What is IFRS certification and who offers the same?
ACCA Diploma in IFRS (DipIFR) and AICPA IFRS Certificate both provide expertise in international accounting, but serve different career goals.
The ACCA DipIFR is an in-depth, globally recognized, 3-hour exam aimed at practitioners, while the AICPA certificate is a flexible, self-paced, 2-year valid program ideal for US-based professionals looking to understand IFRS policy
Who should do this course?
- Accounting and finance professionals who work for private or public multinational organizations that have adopted IFRS Standards.
- Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS Standards.
What is covered in the course?
- Recognize the underlying concepts and principles of IFRS Standards.
- Identify the required format and content of a complete set of financial statements, including required footnote disclosures
- Identify the presentation and disclosure requirements of a statement of cash flows, including the proper classification of operating, financing, and investing activities.
- Indicate and apply the requirements of new standards on revenue recognition (IFRS 15) and leases (IFRS 16).
- Identify the classification, recognition, measurement, and disclosure of common financial statement assets and liabilities.
- Identify and account for an impairment loss with respect to a nonfinancial asset.
- Recall required disclosures for related parties and events after the reporting period.
- Recognize the accounting treatment applied to share-based payments and employee benefits.
- Recall accounting requirements for business combinations, joint arrangements, and investments in associates.
- Identify and calculate tax amounts to be recognized in the financial statements.
- Recall the accounting requirements applicable to entities that transact in or keep accounting records in foreign currency.
- Indicate how to measure fair value when required by IFRS standards.
Taking the Exam
How do I enrol into the IFRS course?
You may reach out to our course co-ordinator to help enrol for the IFRS certification program.
How much does the IFRS program cost?
You may reach out to our course co-ordinator for further details and group discounts.
Do I get a concession to enrol in the program if I hold a CPA exam pass status?
The AICPA, grants a fee concession to AICPA members. The non- members however pay the full price of the program.
How do I take the exam?
- Online access to AICPA Certificate Program
- 25 modules – Each module has a test
- On completion of each module, Certificate with CPE hours can be printed
- On completion of all 25 modules, you can print a certificate and will be eligible for Digital Badge.
- Accessible for 2 years, anytime/anywhere
What do I get after successful completion of the program?
Those who successfully complete this program will receive a digital badge to showcase their new skills on their online professional social networks.
After the exam
Does the IFRS program avail CPE credits?
Yes. The IFRS program when successfully completed grants 27 CPE credits approved by NASBA.
Comparison between courses
| CPA | CMA | EA | IFRS |
Specialization | Financial Accounting | Management Accounting | US Taxation | Reporting standards |
Global Recognition | US GAAP reporting framework requiring entities across the globe | Globally recognized | Specific to US Tax (US citizens, NRIs, US based MNCs) | Internationally recognized |
Eligibility criteria | UG/PG (120 credits) | UG | 10+2 and 18 years of age | UG |
Time required | 12- 18 months | 6-8 months | 6-8 months | 3-6 months |
Number of parts/ subjects | 4 | 2 | 3 | 1 |
Job opportunities | Public Accounting, Financial Accounting & Reporting, Compliance and Tax consulting, etc. | Strategic planning, Budgeting & Forecasting, cost management, Performance Analysts, etc. | US Taxation:
| All international jurisdictions where financial reporting needs to comply with IFR standards |
Earning Potential * | $$$,$$$ | $$$,$$$ | $$$,$$$ | $$$,$$$ |
Content partner | U World | U World | Indigenous | Indigenous |
No. of hours | 200 hrs incl. Q&A (6 classes 4 hrs each per subject) | 100 hrs incl. Q & A for both parts | 110 hrs incl Q & A for all 3 parts (part 1-50 hrs Part 2- 40 hrs Part 3- 20 hrs) | 30 hrs |
*Subject to Industry, organization size, years of experience and individual’s application skills