HOW TO GET CERTIFIED IN INTERNATIONAL FINANCIAL REPORTING STANDARDS(IFRS)?
International Financial Reporting Standards, commonly called IFRS, are accounting standards that are issued by the IFRS Foundation. The IFRS course offered by the Association of Chartered Certified Accountants (ACCA) is one of the most appreciated and respectable qualifications across the globe. The diploma course by ACCA is designed mainly to develop one’s knowledge and understanding of IFRS. The other main objectives of this course are: • • • •
To apply relevant financial reporting standards for the key elements of financial reports. To prepare financial statements which include subsidiaries, associates and joint arrangements but this excludes group cash flow statements. To Identify assets and liabilities recognition criteria. To understand the role of financial reporting.
What is the eligibility criteria for DipIFR course? •
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Suppose you are qualified according to national accounting standards and are a professional auditor or accountant who works in practice or business. In that case, you are eligible to take this ACCA IFRS course. Although, if you are working in practice, but not yet qualified, then you may still be eligible. You will have to prove that you have any one of the following requirements: Two years’ relevant accounting experience and an ACCA Certificate in International Financial Reporting Three years’ relevant accounting experience ACCA affiliate status