International Financial Reporting Standards (IFRS) Association for Financial Professionals, MEA
Price: USD 1,000
Instructor led live virtual classroom online. Classes may be individual or in group.
  • Duration: 3 - 4 Months

Course details

Course Overview

Diploma in IFRS by the ACCA (The Association of Chartered Certified Accountants) is one of the most respectable and appreciated qualifications in IFRS across the globe. More than 113 countries now require or permit the use of IFRS holders. Over 7,000 public companies in the European Union have complied with IFRS since 2005. The course is designed to develop your knowledge and understanding of International Financial Reporting Standards. You will also learn how to apply them, as well as the concepts and principles which underpin them It can also provide eligible Continuing Professional Development units for ACCA members, as required under their CPD scheme.

Learning Outcome

  • Understand, explain and apply the IASB's Conceptual Framework for Financial Reporting
  • Apply relevant financial reporting standards to key elements of financial reports
  • Identify and apply disclosure requirements for companies in financial reports and notes
  • Understand the complex financial reporting standards like financial instruments, consolidation, share-based payments, etc.
  • Prepare group financial statements (excluding group cash-flow statements) including subsidiaries, associates, and joint arrangements.
Course Outline

IAS 1: Presentation of Financial Statement

  • IAS 1 sets out overall requirements for the presentation of financial statements, guidelines for their structure, and minimum requirements for their content. It requires an entity to present a complete set of financial statements at least annually, with comparative amounts for the preceding year (including comparative amounts in the notes).

IAS 2: Inventories

  • IAS 2 provides guidance for determining the cost of inventories and the subsequent recognition of the cost as an expense, including any write-down to net realizable value. It also provides guidance on the cost formulas that are used to assign costs to inventories.

IAS 8: Accounting Policies, Changes in Accounting Estimates and Errors

  • IAS 8 prescribes the criteria for selecting and changing accounting policies, together with the accounting treatment and disclosure of changes in accounting policies, changes in accounting estimates, and corrections of errors.

IAS 10: Events after the Reporting Period

  • IAS 10 prescribes when an entity should adjust its financial statements for events after the reporting period; and the disclosures that an entity should give about the date when the financial statements were authorized for issue and about events after the reporting period.

IAS 12: Income Taxes

  • IAS 12 prescribes the accounting treatment for income taxes. Income taxes include all domestic and foreign taxes that are based on taxable profits.
Who Should Attend?

Chartered Accountants, Management AccountantsFinance Managers, Chief AccountantsOther finance professionals.

Updated on 12 August, 2022

About Association for Financial Professionals, MEA

Beacon FinTrain is the Execlusive MEA Partner for Asspociatoion for Financial Professionals, U.S. 

As the certifying body in treasury and finance, the Association for Financial Professionals (AFP) established and administers the Certified Treasury Professional (CTP) and Certified Corporate Financial Planning and Analysis Professional (FPAC) credentials, setting the standard of excellence in the profession globally. AFP’s mission is to drive the future of finance and treasury and develop the leaders of tomorrow through certification, training, and the premier event for corporate treasury and finance.  

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