Description
Course Details:
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Compete effectively in today’s global business environment.
- Progress toward a set of global accounting standards is no longer a goal of the International Accounting Standards Board (IASB)—it is a reality, as many of the world’s largest capital markets require or permit the use of International Financial Reporting Standards (IFRS). Over 125 countries require publicly traded companies to apply IFRS, while many other jurisdictions permit the use of IFRS in some circumstances.
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Why is IFRS relevant in the U.S., and to your work?
- Many multinationals corporations are headquartered across the U.S., so you could easily find yourself with a client subject to IFRS requirements, either for itself or a non-U.S. subsidiary. You might increasingly find yourself structuring deals and transactions with IFRS counterparties, including vendors and customers. Understanding the implications of structuring these transactions and reporting on them using IFRS will require you to have more than a passing knowledge of these standards. As both FASB and IASB continue their standard-setting agendas, you’ll need to assess proposals and be concerned about divergence that could affect your financial reporting or audit responsibilities going forward.
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Program Completion
- You have twelve (12) months from the date of purchase to complete the entire program.
- As of January 1, 2018, those who successfully complete this program will receive a digital badge to showcase their new skills on their online professional social networks. Given the regular issuance of new accounting standards by the International Accounting Standards Board (IASB), this badge expires 2 years from the date of issuance. If you complete the IFRS Certificate: Digital Badge Update Course before your badge expires, or within 3 months of your badge expiring, your badge will remain active for another 2 years.
Course include:
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This certificate course has below parts/ domains:
- IFRS: The Conceptual Framework for Financial Reporting and Fair Value Measurement (IFRS 13)
- Presentation of Financial Statements (IAS 1) and Events After the Reporting Period (IAS 10)
- Accounting Policies, Changes in Accounting Estimates and Errors (IAS 8)
- Inventory (IAS 2)
- Property, Plant and Equipment (IAS 16) and Borrowing Costs (IAS 23)
- Investment Property (IAS 40)
- Intangible Assets (IAS 38)
- Impairments (IAS 36)
- Non-Current Assets Held-for-Sale and Discontinued Operations (IFRS 5)
- Government Grants (IAS 20)
- Leases (IFRS 16)
- Financial Instruments (IAS 32, IFRS 9, IFRS 7)
- Provisions, Contingent Liabilities, and Contingent Assets (IAS 37)
- Income Taxes (IAS 12)
- Employee Benefits (IAS 19)
- Share-Based Payment (IFRS 2)
- Revenue from Contracts with Customers (IFRS 15)
- Related Party Disclosures (IAS 24)
- Consolidated Financial Statements (IFRS 10) and Separate Financial Statements (IAS 27)
- Business Combinations (IFRS 3)
- Investment in Associates and Joint Ventures (IAS 28) and Joint Arrangements (IFRS 11)
- Foreign Exchange Rates (IAS 21)
- First-Time Adoption of IFRS (IFRS 1)
- Statements of Cash Flows (IAS 7) and Interim Reporting (IAS 34)
- Earnings per Share (IAS 33)
Learning Outcomes:
- Recognize the underlying concepts and principles of IFRS.
- Identify the required format and content of a complete set of financial statements, including required footnote disclosures
- Identify the presentation and disclosure requirements of a statement of cash flows, including the proper classification of operating, financing, and investing activities.
- Indicate and apply the requirements of new standards on revenue recognition (IFRS 15) and leases (IFRS 16).
- Identify the classification, recognition, measurement, and disclosure of common financial statement assets and liabilities.
- Identify and account for an impairment loss with respect to a nonfinancial asset.
- Recall required disclosures for related parties and events after the reporting period.
- Recognize the accounting treatment applied to share-based payments and employee benefits.
- Recall accounting requirements for business combinations, joint arrangements, and investments in associates.
- Identify and calculate tax amounts to be recognized in the financial statements.
- Recall the accounting requirements applicable to entities that transact in or keep accounting records in foreign currency.
- Indicate how to measure fair value when required by IFRS standards.
International Financial Reporting Standards (IFRS) Certificate Program is designed to help individuals build the knowledge and skills needed to apply IFRS successfully in their careers. The certificate program consists of twenty-five modules with an assessment at the end of each module. On successful completion of all the modules and related assessments, learner will earn the Certification.
AICPA is a globally recognised professional accounting body. This Certificate Program is designed for finance and accounting professionals seeking to grow in their careers in the shortest period of time. The focus is to develop international financial accounting and reporting skills required to compete effectively in today's global business environment. The program offers a comprehensive overview of all the accounting standards, providing learners with the knowledge to understand and apply these standards in practice.
There are 25 online course modules followed by an MCQ assessment at the end of each of the module. Learner needs to score 70% in the assessment to clear each module.
Learner can retake the assessments as many times as desired.
Once all 25 online course modules are completed and cleared, you will earn.
- Your IFRS certification and
- A digital badge to be proudly displayed anywhere on the internet.
- Both CA's & Non-CA's
- CA's in public practice who need to showcase an IFRS certification to their clients
- Accountants seeking a job career switch in IFRS
- Commerce graduates looking for good opportunities in the accounting world
- Get a promotion or salary jump within your current company.
- Gain knowledge of a globally-recognized financial reporting standard.
- Be better prepared for interviews and career switches.
- Achieve your professional goals.
- Feel more confident in your abilities.
- Recognize the underlying concepts and principles of International Financial Reporting Standards (IFRS).
- Identify the required format and content of a complete set of financial statements, including required footnote disclosures
- Identify the presentation and disclosure requirements of a statement of cash flows, including the proper disclosure of operating, financing, and investing activities.
- Indicate and apply the requirements of new standards on revenue recognition (IFRS 15) and leases (IFRS 16).
- Identify the disclosure, recognition, measurement, and disclosure of common financial statement assets and liabilities.
- Identify and account for an impairment loss with respect to a nonfinancial asset.
- Recall required disclosures for related parties and events after the reporting period.
- Recognize the accounting treatment applied to share-based payments and employee benefits.
- Recall accounting requirements for business combinations, joint arrangements, and investments in associates.
- Identify and calculate tax amounts to be recognized in the financial statements.
- Recall the accounting requirements applicable to entities that transact in or keep accounting records in foreign currency.
- Indicate how to measure fair value when required by IFRS standards.
The course is self-paced and comprises 25 modules.
You have one (1) year to complete all the modules We estimate that a commitment of approximately 40 to 60 hours will be required for most individuals to successfully complete the program.
Get an AICPA Digital Badge. Upon clearing all assessments, you will be awarded an IFRS digital badge. A digital badge helps you
You have one (1) year to complete all the modules We estimate that a commitment of approximately 40 to 60 hours will be required for most individuals to successfully complete the program.
Get an AICPA Digital Badge. Upon clearing all assessments, you will be awarded an IFRS digital badge. A digital badge helps you
- Gain recognition by allowing you to easily display and share your achievement.
- Prospective clients and employers will be able to quickly verify your competencies and skills.
- Provides greater credibility and;
- Visually declares your commitment to study.
Both the bodies are globally recognized, and both offer the same syllabus.
Our broad recommendation for choosing AICPA over ACCA
Our broad recommendation for choosing AICPA over ACCA
- Time - If you are a busy working professional and do not have enough time to spare to study and prepare of exams
- Non-CA's - If you don't have a background in INDAS/AS, you will find the ACCA Diploma very tough to clear. AICPA gives you unlimited attempts to study each module thoroughly and give the exam till you pass.
- More than 5-6 years of work experience - As you are away from an exam and have moved up in your career, you may find writing a 3-hour ACCA exam particularly challenging; AICPA will solve your purpose
Digital badges are quickly becoming popular for recognizing and publicizing professional development. They help to create an identity in the network.
Sharing your digital badge with your social and professional networks (see “How do I share my badge?” below) helps you gain recognition for your achievement from clients, colleagues, and potential employers.
Sharing your digital badge with your social and professional networks (see “How do I share my badge?” below) helps you gain recognition for your achievement from clients, colleagues, and potential employers.
Once a digital badge’s specific criteria are met, you will be issued a digital badge approximately 15 business days or less.
Many multinationals corporations are headquartered across the U.S., so you could easily find yourself with a client subject to IFRS requirements, either for itself or a non-U.S. subsidiary. You might increasingly find yourself structuring deals and transactions with IFRS counterparties, including vendors and customers. Understanding the implications of structuring these transactions and reporting on them using IFRS will require you to have more than a passing knowledge of these standards. As both FASB and IASB continue their standard-setting agendas, you'll need to assess proposals and be concerned about divergence that could affect your financial reporting or audit responsibilities going forward.
You have twelve (12) months from the date of purchase to complete the entire program. As of January 1, 2018, those who successfully complete this program will receive a digital badge to showcase their new skills on their online professional social networks. Given the regular issuance of new accounting standards by the International Accounting Standards Board (IASB), this badge expires 2 years from the date of issuance. If you complete the [IFRS Certificate: Digital Badge Update Course] before your badge expires, or within 3 months of your badge expiring, your badge will remain active for another 2 years.
- IFRS: The Conceptual Framework for Financial Reporting and Fair Value Measurement (IFRS 13)
- Presentation of Financial Statements (IAS 1) & Events After the Reporting Period (IAS 10)
- Accounting Policies, Changes in Accounting Estimates and Errors (IAS 8)
- Inventory (IAS 2)
- Property, Plant and Equipment (IAS 16) and Borrowing Costs (IAS 23)
- Investment Property (IAS 40)
- Intangible Assets (IAS 38)
- Impairments (IAS 36)
- Non-Current Assets Held-for-Sale and Discontinued Operations (IFRS 5)
- Government Grants (IAS 20)
- Leases (IFRS 16)
- Financial Instruments (IAS 32, IFRS 9, IFRS 7)
- Provisions, Contingent Liabilities, and Contingent Assets (IAS 37)
- Income Taxes (IAS 12)
- Employee Benefits (IAS 19)
- Share-Based Payment (IFRS 2)
- Revenue from Contracts with Customers (IFRS 15)
- Related Party Disclosures (IAS 24)
- Consolidated Financial Statements (IFRS 10) & Separate Financial Statements (IAS27)
- Business Combinations (IFRS 3)
- Investment in Associates and Joint Ventures (IAS 28) & Joint Arrangements (IFRS 11)
- Foreign Exchange Rates (IAS 21)
- First-Time Adoption of IFRS (IFRS 1)
- Statements of Cash Flows (IAS 7) and Interim Reporting (IAS 34)
- Earnings per Share (IAS 33)
