About This Course
International Financial Reporting Standards (IFRS) are accounting standards and principles set by the International Accounting Standard Board (IASB) and are becoming global standards for preparation of financial statements.
The advantage of establishing global accounting standards is that a single format would be used for financial statements across all companies internationally. This would make it easier for companies to compete abroad, raise capital and to win global contracts by providing consistent and comparable financial details.
Indian companies are facilitating the learning of IFRS standards for its existing employees and hiring new candidates with IFRS skills. It is mandatory for people who are Financial Controllers, Financial Analysts, Accountants, Chief Financial Officers, Account Manager, Chief Accountants, Finance Managers, Account Payable, Bank Managers, Auditors and Portfolio Managers to be IFRS proficient.
The training programme is based on the syllabus of the Association of Chartered Certified Accountants (ACCA) Diploma in IFRS, which is a well-recognised and regarded qualification globally.
Learning Objectives
Target Audience
- Qualified Chartered Accountants
- CA students
- Management accountants
- MBA (finance)
- Professionals working in finance and accounts
- Graduates
Curriculum
IFRS 1- First time adoption of IFRS
IAS 1- Presentation of Financial Statements
IAS 8- Accounting Policies, Changes in Accounting Estimates and Errors
IAS 16- Property, Plant and Equipment
IAS 38- Intangible Assets
IAS 23- Borrowing Costs
IAS 36- Impairment of Assets
IAS 40- Investment Property
IAS 41- Agriculture
IAS 2- Inventories
IFRS 5- Non-current Assets Held for Sale and Discontinued Operations
IAS 20- Accounting for Government Grants and Disclosure of Government Assistance
IFRS 16- Leases
IFRS 8- Operating Segments
IFRS 15- Revenue from Contracts with Customers
IAS 37- Provisions, Contingent Liabilities and Contingent Assets
IFRS 6- Exploration for and Evaluation of Mineral Resources
IAS 12- Income Taxes
IFRS 2- Shared Based payment
IAS 33- Earnings per share
Financial Instruments
IAS 21- The effects of changes in foreign exchange rates
IAS 19- Employee benefits
IFRS 13- Fair Value measurement
IAS 24- Related party disclosures
