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
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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.
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.
CertIFRS – Certificate in International Financial Reporting
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.
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)
