About Course

The IFRS Certification program is designed to equip finance professionals, accountants, auditors, and business leaders with comprehensive knowledge and practical skills in International Financial Reporting Standards (IFRS). Participants will gain expertise in understanding and applying IFRS principles, ensuring accurate and globally compliant financial reporting.

Course Outline:

Module 1: Introduction to IFRS

• History and evolution of IFRS
• Importance of global accounting standards
• Key concepts and principles

Module 2: Framework and Structure of IFRS

• Structure of IFRS Foundation and IASB
• IFRS conceptual framework
• Adoption and convergence around the world

Module 3: Presentation of Financial Statements

• IFRS requirements for balance sheets, income statements, and cash flow statements
• Disclosures and notes to financial statements
• Consolidated and separate financial statements

Module 4: Revenue Recognition (IFRS 15)

• Principles of revenue recognition
• Contract identification and measurement
• Disclosure requirements

Module 5: Financial Instruments (IFRS 9)

• Classification and measurement of financial instruments
• Impairment of financial assets
• Hedge accounting

Module 6: Leases (IFRS 16)

• Lessee and lessor accounting
• Lease term and discount rate
• Transition and practical considerations

Module 7: Consolidation and Business Combinations

• Principles of consolidation
• Acquisition method and goodwill
• Equity accounting

Module 8: Accounting for Income Taxes

• Current and deferred income taxes
• Recognition and measurement
• Tax disclosures

Module 9: IFRS for Specific Industries

• IFRS for banks and financial institutions
• IFRS for insurance companies
• Industry-specific challenges and standards

Module 10: IFRS Implementation and Practical Application

• Transition to IFRS from local GAAP
• Practical challenges and solutions
• Case studies and real-world examples

Module 11: IFRS Certification Exam

• Comprehensive examination to test understanding and application of IFRS principles

Module 12: Certification and Continuing Education

• Awarding of the IFRS Certification
• Options for ongoing professional development and updates in IFRS

Upon successful completion of the IFRS Certification program, participants will have a deep understanding of International Financial Reporting Standards and will be well-prepared to navigate complex financial reporting requirements, ensure compliance with global accounting standards, and make informed financial decisions in a multinational business environment.