Course detailsInternational Financial Reporting Standards (IFRS) is a set of accounting standards, developed by the International Accounting Standards Board (IASB) that is becoming the global standard for the preparation of public company financial statements.
India is one of the over 100 countries that have or are moving towards IFRS (International Financial Reporting standards) convergence with a view to bringing about uniformity in reporting systems globally, enabling businesses, finances and funds to access more opportunities.
ICAI has decided to implement IFRS in India. The Ministry of Corporate Affairs has also announced its commitment to
convergence to IFRS.
Why should one take this certification?
This Course is intended for professionals and graduates wanting to excel in their chosen areas. It is also well suited for those who are already working and would like to take certification for further career progression.
Earning Vskills IFRS Professional Certification can help candidate differentiate in today's competitive job market, broaden their employment opportunities by displaying their advanced skills, and result in higher earning potential.
Who will benefit from taking this certification?
Job seekers looking to find employment in finance or accounting departments of various companies, students generally wanting to improve their skill set and make their CV stronger and existing employees looking for a better role can prove their employers the value of their skills through this certification.
Companies that hire Vskills Certified IFRS Reporting Professional
IFRS Professionals are in great demand. Companies specializing in consulting or finance are constantly hiring skilled IFRS Reporting Professionals. Various public and private companies also need IFRS Professionals for their finance or accounts departments.
Table of contents
- IAS 1 — Presentation of Financial Statements
- IAS 2 — Inventories
- IAS 7 — Statement of Cash Flows
- IAS 8 — Accounting Policies, Changes in Accounting Estimates and Errors
- IAS 10 — Events After the Reporting Period
- IAS 11 — Construction Contracts
- IAS 12 — Income Taxes
- IAS 14 — Segment Reporting (Superseded)
- IAS 15 — Information Reflecting the Effects of Changing Prices (Withdrawn)
- IAS 16 — Property, Plant and Equipment
- IAS 17 — Leases
- IAS 18 — Revenue
- IAS 19 — Employee Benefits (2011)
- IAS 19 — Employee Benefits (1998) (superseded)
- IAS 20 — Accounting for Government Grants and Disclosure of Government Assistance
- IAS 21 — The Effects of Changes in Foreign Exchange Rates
- IAS 22 — Business Combinations (Superseded)
- IAS 23 — Borrowing Costs
- IAS 24 — Related Party Disclosures
- IAS 26 — Accounting and Reporting by Retirement Benefit Plans
- IAS 27 — Separate Financial Statements (2011)
- IAS 27 — Consolidated and Separate Financial Statements (2008)
- IAS 28 — Investments in Associates and Joint Ventures (2011)
- IAS 28 — Investments in Associates (2003)
- IAS 29 — Financial Reporting in Hyperinflationary Economies
- IAS 30 — Disclosures in the Financial Statements of Banks and Similar Financial Institutions
- IAS 31 — Interests In Joint Ventures
- IAS 32 — Financial Instruments: Presentation
- IAS 33 — Earnings Per Share
- IAS 34 — Interim Financial Reporting
- IAS 35 — Discontinuing Operations (Superseded)
- IAS 36 — Impairment of Assets
- IAS 37 — Provisions, Contingent Liabilities and Contingent Assets
- IAS 38 — Intangible Assets
- IAS 39 — Financial Instruments: Recognition and Measurement
- IAS 40 — Investment Property
- IAS 41 — Agriculture
- IFRS 1 — First-time Adoption of International Financial Reporting Standards
- IFRS 2 — Share-based Payment
- IFRS 3 — Business Combinations
- IFRS 4 — Insurance Contracts
- IFRS 5 — Non-current Assets Held for Sale and Discontinued Operations
- IFRS 6 — Exploration for and Evaluation of Mineral Resources
- IFRS 7 — Financial Instruments: Disclosures
- IFRS 8 — Operating Segments
- IFRS 9 — Financial Instruments
- IFRS 10 — Consolidated Financial Statements
- IFRS 11 — Joint Arrangements
- IFRS 12 — Disclosure of Interests in Other Entities
- IFRS 13 — Fair Value Measurement
- IFRS 14 — Regulatory Deferral Accounts
- IFRS 15 — Revenue from Contracts with Customers
- Issues in IFRS
- Difference between IFRS and US GAAP
Vskills is the largest certification body of India. It conducts skills testing and certification exam to improve employability. Candidates use Vskills Certifications, which are well recognized in the Industry, as certification of skills and knowledge.
Companies have benefitted by hiring pre-certified candidates from Vskills and also use the certifications for their in house employee appraisals. The certification body is affiliated to various organizations and is managed professionally by IIM Alumni.
Tests are conducted in a secure and unbiased manner, and certificates are awarded based on merit of the candidates who qualify tests.
Vskills certifications are for relevant qualifications that help students/employees quantify and prove those skills that are valued by the employer and are in great demand.