Cert. IFR

Description

Course Overview: ACCA Certificate in International Financial Reporting (CertIFR)

The ACCA CertIFR is a globally recognized short course designed to equip finance professionals with a solid understanding of International Financial Reporting Standards (IFRS). This program offers a practical and comprehensive introduction to IFRS, enabling participants to confidently apply key reporting principles in their roles.

What You’ll Learn:

Fundamental principles and structure of IFRS
Key standards such as IFRS 15 (Revenue), IFRS 16 (Leases), IFRS 9 (Financial Instruments), and more
Preparation and presentation of financial statements under IFRS
How to transition from local GAAP to IFRS

Sorry! No classroom available for this course.

Course Curriculum

ACCA Certificate in International Financial Reporting (CertIFR)

Module 1: Introduction to IFRS

History and development of IFRS
The role of the International Accounting Standards Board (IASB)
Benefits and challenges of adopting IFRS
The conceptual framework for financial reporting

Module 2: Presentation of Financial Statements (IAS 1)

Components of financial statements
Fair presentation and compliance with IFRS
Accounting policies, estimates, and errors
Structure and content of financial statements

Module 3: Revenue Recognition (IFRS 15)

The five-step revenue recognition model
Contract identification and performance obligations
Transaction price determination
Revenue recognition over time vs at a point in time

Module 4: Financial Instruments (IFRS 9 & IFRS 7)

Classification and measurement of financial assets and liabilities
Impairment model and expected credit losses
Hedge accounting
Disclosures related to financial instruments

Module 5: Leases (IFRS 16)

Identifying a lease
Accounting for leases by lessees and lessors
Initial and subsequent measurement
Presentation and disclosure requirements

Module 6: Property, Plant, and Equipment (IAS 16) & Intangible Assets (IAS 38)

Initial recognition and measurement
Depreciation and impairment
Revaluation model and cost model
Recognition of internally generated intangible assets

Module 7: Provisions, Contingent Liabilities and Assets (IAS 37)

Definition and recognition criteria
Measurement of provisions
Contingent liabilities and contingent assets
Disclosure requirements

Module 8: Income Taxes (IAS 12)

Current and deferred tax
Recognition of tax liabilities and assets
Temporary differences and tax bases
Tax disclosure requirements

Module 9: Consolidated Financial Statements (IFRS 10, IFRS 3, IAS 28)

Control and consolidation procedures
Non-controlling interests
Business combinations and goodwill
Equity method of accounting

Module 10: First-Time Adoption of IFRS (IFRS 1)

Transition to IFRS from local GAAP
Exemptions and exceptions on first-time adoption
Reconciliations and disclosures

Shopping Cart