www.IFRS.com : Training : IFRS Certifcate Program (2024)

FAQs

Where can I learn IFRS for free? ›

Deloitte has developed a series of IFRS training modules which are offered free (upon registration) as a public service.

Constant practice is vital for understanding How to pass Diploma in IFRS Exams and exam format. Lots of time should be spent solving practice questions, past papers, and mock exams, to evaluate your understanding and pinpoint weak areas. Instead of rote learning, strive to understand the principle behind each question.

The IFRS courses listed prepare you for a career in international financial reporting. They cover standards, application techniques, and compliance to help enhance your understanding and skills in global accounting practices.

Deloitte's e-learning on IFRS has been a leading educational and training resource on IFRS since it was initially released in 2004, with a range of corporate, educational and professional organisations using the content as their primary tool for IFRS education.

Read the Framework

For any beginner in IFRS, the Framework is the basic concept of IFRS and therefore it is a MUST READ document. Anyway, it's not so time consuming, as the Framework itself has only about 30 pages and as an experienced accounting professional you would be familiar with many concepts in it.

Diploma IFRS will be assessed by a single three-hour fifteen minutes computer based exam, which is held twice a year, once in June and again in December at ACCA's exam centres- in India. The passing mark is 50 per cent.

Diploma in IFRS by the Association of Chartered Certified Accountants (ACCA) is one of the most recommended and respectable qualifications in International Financial Reporting Standards across the globe.

In a nutshell, it will take around 4-5 months to prepare yourself well for the Diploma IFRS examination. Diploma IFRS is a widely accepted qualification and thus, should not be considered as a cake walk. It is thus important not to take it casually as well as not to be nervous at the same time.

IFRS Courses are available at certificate and diploma course levels. Certificate course fees in IFRS range from INR 20,000 to INR 1,00,000 whereas diploma courses in IFRS may have fees ranging from INR 10,000 to INR 50,000. Online IFRS Courses are offered on various platforms such as Udemy, Edx, Coursera, etc.

Is IFRS part of CPA? ›

The AICPA IFRS program is offered by the American Institute of Certified Public Accountants, which is a well-respected organization in the accounting profession. The program covers a wide range of topics related to IFRS, including financial statement presentation, revenue recognition, and financial instruments.

The standard requires a complete set of financial statements to comprise a statement of financial position, a statement of profit or loss and other comprehensive income, a statement of changes in equity and a statement of cash flows.

IFRS certification provides flexibility and a solid foundation in IFRS principles, while an IFRS diploma offers a more comprehensive understanding of complex accounting scenarios. Consider your goals and preferences before making a decision.

The Canadian Accounting Standards Board (AcSB) requires publicly accountable enterprises to use IFRS in the preparation of all interim and annual financial statements. Most private companies also have the option to adopt IFRS for financial statement preparation.

The International Financial Reporting Standards (IFRS) are a set of accounting rules for public companies with the goal of making company financial statements consistent, transparent, and easily comparable around the world. This helps for auditing, tax purposes, and investing.

The IFRS Foundation provides free digital access to the current year's Issued Standards, which include all amendments issued up to and including the 1 January of that year. Registration is required to access the free version of the IFRS Standards Navigator.

IFRS Courses are available at certificate and diploma course levels. Certificate course fees in IFRS range from INR 20,000 to INR 1,00,000 whereas diploma courses in IFRS may have fees ranging from INR 10,000 to INR 50,000. Online IFRS Courses are offered on various platforms such as Udemy, Edx, Coursera, etc.