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Certified Financial Reporting Accountant

The IFRS Certificate Program is a comprehensive, integrated curriculum of online self-study courses. A scenario-based series of modules, the program uses multimedia elements, such as audio, video and interactive exercises and case studies, to guide you through concepts under each area of IFRS.

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.

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.

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.

WHAT IS THE ELIGIBILITY?

It is not necessary to have a detailed knowledge of the body of IFRS literature upon initiation of the program, but you should possess a familiarity with financial reporting and accounting principles under IFRS.

WHO CAN DO?

This Diploma is a key qualification for CFOs and all those involved in financial reporting who want to broaden the knowledge of both the technical and practical aspects of IFRS and hold and internationally recognised certificate.

WHAT ARE THE 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.

WHAT IS THE COURSE STRUCTURE?

WHAT IS THE EXAM FORMAT?

• Modules are offered individually, so you will earn CPE credit when you successfully complete the exam within each module. You are not required to complete the entire program to earn CPE credit. However, you must successfully complete the exam for all modules within the entire program to receive a digital badge.
• You have twelve (12) months from the date of purchase to complete the entire program.
• You will receive an email within 15 business days of completing the program with instructions to accept and share your digital badge with your professional network.

DO YOU GET A CERTIFICATE?

You will get a certificate of completion, which is highly reputed and accepted by employers.

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