Certificate in International Financial Reporting Standards (CertIFR): Preparation Course

Course Methodology

This preparation course uses a mix of interactive techniques such as brief presentations by the consultant, application of theories, group exercises, case studies and multiple choice questions to exchange experience and get familiar with how questions are administered during the certificate exam.

Course Objectives

By the end of the course, participants will be able to:

• Describe how IFRS are used around the world
• Explain how the IASB works and how standards are developed
• Examine the fundamental requirements of IFRS on a standard-by-standard basis
• Appraise and properly account for transactions affecting current assets and liabilities, non current assets and liabilities, revenues and expenses in accordance with IFRS
• Apply professional judgment in applying IFRS for matters relating to non recurrent business transactions
• Guide their staff and department on how to use IFRS in practice

Target Audience

If you are a professional accountant or auditor seeking to enhance your international accounting knowledge then this is the qualification for you. You do not need to have any experience or formal qualifications in accounting and auditing to apply for this certificate.

Target Competencies

• Understanding financial statement accounts
• Financial reporting for account balances and transactions
• Applying IFRS
• Describing updates and amendments
• Accounting for assets
• Accounting for liabilities

Note

The fees cover two attempts to re-sit the assessment if you do not pass on the first attempt. However, all attempts must be taken within six months of accessing the online course. If you do not pass after three attempts, you will need to pay another registration fee of £130 to attempt the assessment again. This gives you a further three attempts to pass.