How is the course assessed?

International Financial Reporting

Since the formation of the International Accounting Standards Board (IASB) in 2001, the harmonization of financial reporting has become an important driving force for accounting, economic and political reform in many parts of the world. Convergence of financial reporting standards has considerable benefits to preparers of accounts, for listed companies, investors, multinational business and the global economy. Reducing the barriers to multinational investing and promoting a more efficient and transparent capital market requires the adoption of a robust set of principles based financial reporting standards, broadly accepted and supported by the wider international accounting and investing community. Since 2005 all listed companies in the European Union (EU) have been required to prepare consolidated company accounts in compliance with international financial reporting standards (IFRS). In many other parts of the world there is an increased acceleration towards adoption of IFRS or for the harmonization of national accounting standards with IFRS. Furthermore IFRS is the basis for the accounting treatments prescribed within the IFRS for Small, Medium Entities. The Certificate in International Financial Reporting (CertIFR) is an ideal qualification to help you develop an understanding of IFRS or gain formal recognition for and update your existing IFRS skills and knowledge. The material is updated each year and therefore includes: • The latest accounting standards updates and releases • An outline of the work programmes and hence plans for development of accounting regulation The course and assessment are a cost effective and flexible, CertIFR provides a comprehensive introduction and update to the principles of IFRS and is delivered entirely online. Studying for a further qualification can count towards your continuing professional development (CPD) as long as the qualification is relevant to your learning and development needs. This qualification can provide ACCA members with almost a whole year of verifiable CPD if the course and assessment is completed and passed, which is a cost effective way to meet your annual CPD requirements. The course materials and assessment for the Certificate in International Financial Reporting are available together for £210 or can be purchased separately at a cost of £115 each.

ACCA members receive a discount for the Certificate. The course materials and assessment are available together for £168 or can be purchased separately at a cost of £92 each. The discount will be applied automatically when members register online with a valid credit or debit card and enter their ACCA membership number.

Eligibility for Certification:

IFRS Training ( Ministry Certificate) Cert IFR

Applicable to anybody You do not need to have any experience or formal qualifications in accounting and auditing to apply for this certificate.

DiplIFR

3 yr experience or Degree + 2yr experience or CertIFR + 2 yr experience