IFRS Certificate Program

Financial accounting & reporting

Course

IFRS Certificate Program

Instructor: AICPA

  • Format

    Course - Online

  • Duration

    27h

This certificate program will teach you how to understand, apply, and explain fundamental concepts and principles of IFRS across a broad range of accounting standards.

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; and 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.

£399.00 (CIMA members only)

£499.00

VAT calculated on checkout

Product information

Overview

The International Financial Reporting Standards (IFRS), issued by the International Accounting Standard Board (IASB), are becoming the global accounting standard for how companies prepare financial statements.

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.

The IFRS Certificate Programme gives participants the skills to compete effectively in today’s global business environment. A grounding in IFRS will distinguish participants from other accounting and finance professionals and expand their global career opportunities.

Topics discussed:

  • Fundamental principles of IFRS
  • Overview of IFRS definitions and concepts
  • Latest standards and amendments issued by the IASB

Modules include:

  • First-Time Adoption of IFRS (IFRS 1)
  • 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)
  • Statements of Cash Flows (IAS 7) and Interim Reporting (IAS 34)
  • 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)
  • The Effects of Changes in Foreign Exchange Rates (IAS 21)
  • Related Party Disclosures (IAS 24)
  • Earnings Per Share (IAS 33)

This CPD program is eligible for a digital badge. Find out more about Digital Badges from the CGMA Store.

Group Learning

We offer group discounts and tailored learning plans for your team. Get started at CIMAglobal.com/learning.

Who should take this course?

  • Accounting and finance professionals who perform audits or prepare financial reports and work in the following areas: Public or private multinational organisations; US-based subsidiaries of foreign parent corporations that have adopted IFRS; US-based parent companies with international subsidiaries that have adopted IFRS; Public practice who serve private, public or international companies with audit, preparation, or advisory service

Professional development

This Course - Online offers 27 hours of CPE credit.
Note on CPE Requirements and Credits
All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Field of study: Accounting
Prerequisites:Familiarity with financial reporting and accounting principles under IFRS
Duration:27h
Format:Course - Online
Access:This is a digital product. You will have access to the content for a year after purchase date.

Return and refund policy

£399.00 (CIMA members only)

£499.00

VAT calculated on checkout

Instructor

  • AICPA