Relevance of international financial reporting
The world is truly becoming a global village. The boundaries between organizations and countries are shrinking like never before. One cannot deny the vitality of financial reporting in these times. To truly excel, one must be well versed not just with the standards of his country but global standards. To bridge the gap a certificate in international financial reporting plays a pivotal role.
The certificate paves the road for success in the global market. The momentum for the IRFS certification is constantly increasing. The career opportunities associated with it are also spreading at an equal pace. This course is aimed at CPAs and accounting professionals. It will enable them with the training, knowledge and practical guidance needed to use IFRS.The exam is set in English and administered by ACCA.
90% of the world’s leading economies either require IFRS or are converging with it.That is the reason why this course is very famous course in the world of finance online training. Any organization thus cannot afford to ignore the need to understand IFRS. The implications of the same are humungous for their business and financial reporting.
Financial reporting is a field that has never seen a dull moment. Be it global recession or annual dips; it is always sought after. Currently more and more organizations continue to demand it. As the demand for it increases, the popularity increases too. Consequently demand for professionals with IFRS skills is increasing. This is being observed at an accelerating rate.
Audience forinternational financial reporting certification
This course is aimed at those who have skills of preparing, analyzing or auditing statutory or IFRS-based financial statements. Reporting specialists, accountants and auditors thus serve as the perfect audience. This course enables them to gain or improve their knowledge of IFRS reporting. At the end of the course, they become specialists accredited by the Association of Chartered Certified Accountants.
In-depth understanding of key IFRS principles and rules is crucial to this course. It is one of the important pivots on which the course is built. It will also enable the holders with knowledge of IFRS requirements. These will be required for recognition, measurement, presentation and disclosure of financial statement components.
The course ensures that it covers skills necessary for preparing financial statements under IFRS. Consolidated financial statements are another aspect that is necessarily dealt with in detail. At the end of the course, the professional would have experience in developing professional judgment. Practical application of IFRS is something they would be well-versed with.
Eligibility for the Certification
The eligible candidates include professional accountants and auditors, working in practice and industry. They should be qualified in accordance with national accounting standards. Official documentation is required to prove eligibility. Practitioners who may not yet be qualified, but who can verify the following, are also eligible:
- A relevant degree plus two years’ work experience, or
- Three years’ work experience, or
ACCA Certificate in International Financial Reporting plus two years’ work experience.