linkedin

Home - Courses - Accounting and Finance Courses - postTitle –

 

International Financial Reporting Standards (IFRS) Training Course in Dubai

Financial reporting has become an important driving force for accounting, economic and political reform in many parts of the world. Convergence of financial reporting standards has considerable benefits to prepares of accounts, for listed companies, investors, multinational business and the global economy.

  • About the Course
  • Certification Body
  • Download Brochure

Overview of the IFRS Training Course

IFRS Training Course offers a comprehensive introduction and updates 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 distills 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 covered issues; case studies are based on real-life examples.

Exercises, multiple-choice questions, and sample answers are available to test your knowledge. They will guide you as you progress through the course and help you achieve the IFRS Certification.

Primary course objectives:

  • To help you understand how International Financial Reporting Standards (IFRS) are used around the world
  • To explain the workings of the IFRSF/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 explain the fundamentals of IFRS qualification

    We provide guidance on how to achieve IFRS Certification

On completion of the IFRS Course, candidates should be able to:

  • Understand and explain the structure of the framework of international accounting
  • Apply relevant financial reporting standards to key elements of financial reports
  • Identify and apply disclosure requirements for companies in financial reports and notes
  • Prepare group financial statements (excluding group cash-flow statements) including subsidiaries, associates and joint ventures.
ifrs course

Who needs the IFRS Training Program?

The target audience is professional accountants and auditors, qualified by 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. Those who want a better IFRS Qualification/ IFRS Certification can also apply for this certificate.

Learning Outcome of IFRS Training

  • IFRS Course will help you to understand and explain the structure of the framework of international accounting
  • Apply relevant financial reporting standards to key elements of financial reports
  • Identify and apply disclosure requirements for companies in financial reports and notes
  • Prepare group financial statements (excluding group cash-flow statements) including subsidiaries, associates and joint ventures

Detailed Course Content:

CertIFRS - Certificate in International Financial Reporting

1. The nature and operations of the IASB

  • The origins of the International Accounting Standards Board (IASB®, 'the Board')
  • The structure of the IFRS Foundation
  • International Accounting Standards (IAS® Standards), and International Financial Reporting Standards (IFRS® Standards) that are currently in issue
  • The purpose of financial statements – The Conceptual Framework for Financial Reporting.

2. The status and use of IFRS standards around the world

  • A brief summary of the adoption of International Financial Reporting Standards (IFRS® Standards) in different jurisdictions
  • The growth of the International Accounting Standards Board (IASB®, 'the Board') and IFRS Standards
  • IFRS Standards and small and medium-sized entities.

3. Revenue, presentation and profit

  • IAS 1 Presentation of Financial Statements
  • IFRS 15 Revenue from Contracts with Customers
  • IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.

4. Accounting for non-current assets

  • IAS 16 Property, Plant and Equipment
  • IAS 40 Investment Property
  • IAS 23 Borrowing Costs
  • IFRS 5 Non-current Assets Held for Sale and Discontinued Operations

5. Accounting for assets, impairments and grants

  • IAS 38 Intangible Assets
  • IAS 36 Impairment of Assets
  • IAS 20 Accounting for Government Grants and Disclosure of Government Assistance
  • IAS 2 Inventories

6. Accounting for leases and specialized assets

  • IFRS 16 Leases
  • IAS 41 Agriculture
  • IFRS 6 Exploration and Evaluation of Mineral Resources

7. Accounting for financial instruments

  • IAS 32 Financial Instruments: Presentation
  • IFRS 9 Financial Instruments
  • IFRS 7 Financial Instruments: Disclosures
  • IFRS 13 Fair Value Measurement
  • IFRS 4 and IFRS 17 Insurance Contracts

8. Accounting for liabilities

  • IAS 37 Provisions, Contingent Liabilities and Contingent Assets
  • IAS 19 Employee Benefits
  • IAS 12 Income Taxes
  • IFRS 2 Share-based Payment

9. Group accounting – part 1

  • IFRS 10 Consolidated Financial Statements
  • IAS 27 Separate Financial Statements
  • IFRS 3 Business Combinations

10. Group accounting – part 2

  • IFRS 11 Joint Arrangements
  • IAS 28 Investments in Associates and Joint Ventures
  • IFRS 12 Disclosure of Interests in Other Entities
  • IAS 21 The Effects of Changes in Foreign Exchange Rates
  • IAS 29 Financial Reporting in Hyperinflationary Economies

11. Disclosure and other Standards

  • IAS 7 Statement of Cash Flows
  • IFRS 8 Operating Segments
  • IAS 24 Related Party Disclosures
  • IAS 33 Earnings Per Share
  • IAS 34 Interim Financial Reporting
  • IAS 10 Events after the Reporting Period
  • IFRS 1 First-time Adoption of IFRS

12. Principal differences between IFRS Standards and UK GAAP

13. Current issues in IFRS Standards

  • Convergence of IFRS Standards with US GAAP
  • Convergence of IFRS Standards with UK GAAP
  • The work plan of the International Accounting Standards Board

Principal differences between key national GAAP and IFRS Proposals for change

DiplIFRS - Diploma in International Financial Reporting-IFRS Qualification

A. International sources of authority

  • The International Accounting Standards Board (IASB) and the regulatory framework
  • Fundamental ethical and professional principles

B. Elements of financial statements

  • Revenue recognition
  • Property, plant and equipment
  • Impairment of assets
  • Leases
  • Intangible assets and goodwill
  • Inventories
  • Financial instruments
  • Provisions, contingent assets and liabilities
  • Employee benefits
  • Tax in financial statements
  • The effects of changes in foreign currency exchange rates
  • Agriculture
  • Share-based payment
  • Exploration and evaluation expenditures
  • Fair value measurement

C. Presentation of financial statements and additional disclosures

  • Presentation of the statement of financial position, the statement of profit or loss and other comprehensive.
  • Income and the statement of changes in equity
  • Earnings per share
  • Events after the reporting period
  • Accounting policies, changes in accounting estimates and errors
  • Related party disclosures
  • Operating segments
  • Reporting requirements of small and medium-sized entities (SMEs)

D. Preparation of external financial reports for combined entities, associates and joint arrangements

  • Preparation of group consolidated external reports
  • Business combinations – intra-group adjustments
  • Business combinations – fair value adjustments
  • Business combinations – associates and joint arrangements
  • Complete disposal of shares in subsidiaries

Excluded topics

The following topics are specifically excluded from the syllabus:

  • Complex group structures, including sub- subsidiaries or mixed groups and foreign subsidiaries
  • Step acquisitions, partial disposal of subsidiaries and group re-constructions
  • Financial statements of banks and similar financial institutions
  • Preparation of statements of cash flow (single company and consolidated)
  • Preparation of interim financial statements
  • Accounting for insurance entities
  • International financial reporting exposure drafts and discussion papers
  • The international public sector perspective
  • Multi-employer benefit schemes
  • Information reflecting the effects of changing prices and financial reporting in hyperinflationary economies

Key areas of the syllabus

  • The key topic area headings are as follows:
  • International sources of authority
  • Elements of financial statements
  • Presentation of accounts and additional disclosures
  • Preparation of external reports for combined entities, associates and joint arrangements.

To know more about International Finance Reporting Standard IFRS Certification body click here

Zabeel offer professional Training for IFRS Qualification and other Fianance and accounting courses

About certification and Awarding Body – Option 1

Certification Title: 

  1. CertIFRS – Certificate in International Financial Reporting
  2. DiplIFRS – Diploma in International Financial Reporting

About Awarding Body:

Since the formation of the International Accounting Standards Board (IASB) in 2001, the harmonization of financial reporting has become an important driving force for accounting, economic and political reform in many parts of the world.
Convergence of financial reporting standards has considerable benefits to preparers of accounts, for listed companies, investors, multinational business and the global economy.
Reducing the barriers to multinational investing and promoting a more efficient and transparent capital market requires the adoption of a robust set of principles based financial reporting standards, broadly accepted and supported by the wider international accounting and investing community.
Since 2005 all listed companies in the European Union (EU) have been required to prepare consolidated company accounts in compliance with international financial reporting standards (IFRS). In many other parts of the world there is an increased acceleration towards adoption of IFRS or for the harmonization of national accounting standards with IFRS. Furthermore IFRS is the basis for the accounting treatments prescribed within the IFRS for Small, Medium Entities.
The Certificate in International Financial Reporting (CertIFRS) is an ideal qualification to help you develop an understanding of IFRS or gain formal recognition for and update your existing IFRS skills and knowledge. The material is updated each year and therefore includes:

  • The latest accounting standards updates and releases
  • An outline of the work programmes and hence plans for development of accounting regulation

The course and assessment are a cost effective and flexible, CertIFRS provides a comprehensive introduction and update to the principles of IFRS and is delivered entirely online.
Studying for a further qualification can count towards your continuing professional development (CPD) as long as the qualification is relevant to your learning and development needs. This qualification can provide ACCA members with almost a whole year of verifiable CPD if the course and assessment is completed and passed, which is a cost effective way to meet your annual CPD requirements.

Eligibility:

Cert IFRS – You do not need to have any experience or formal qualifications in accounting and auditing
to apply for this certificate.

DiplIFRS – 3 yr experience or Degree + 2yr experience or CertIFRS + 2 yr experience.

Examination Pattern:

Cert IFRS:

You must pass the one-hour multiple-choice assessment which is online. The pass mark is 50 per cent. If you fail, you are allowed two attempts to re-sit this assessment. All attempts at the assessment must be within three months of access to the online course. If you fail after three attempts at the assessment, you  will need to pay a further registration fee and will be offered another three attempts to pass the assessment.

DiplIFRS

The Diploma in International Financial Reporting (DipIFRS) is assessed by a single three-hour written exam. You will need to achieve a 50 per cent mark or above to complete the paper.

Examination Dates:

The exam is held twice a year – in June and December at ACCA’s exam centres.

Membership Fee: 236 GBP for a year

Examination Fee:

The course materials and assessment for the Certificate in International Financial Reporting are available together for £210 or can be purchased separately at a cost of £115 each.

ACCA members receive a discount for the Certificate. The course materials and assessment are available together for £168 or can be purchased separately at a cost of £92 each. The discount will be applied automatically when members register online with a valid credit or debit card and enter their ACCA membership number.

About certification and Awarding Body – Option 2

KHDA Certificate :

Course completion certificate attested by KHDA(Knowledge and Human Development Authority, UAE)

The Knowledge and Human Development Authority (KHDA) is responsible for the growth and quality of private education in Dubai. We support schools, universities, parents, students, educators, investors and government partners to create a high quality education sector focused on happiness and wellbeing.

Title : PREPARATION FOR INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)

For application process, please contact us.

Kindly fill the below details to download the Brochure

    whatsaapnow
    Quick Enquiry