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IFRS
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Finance
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Description
International Financial Reporting Standards (IFRS) are accounting standards and principles are set by the International Accounting Standard Board (IASB). They are becoming global standards for preparation of financial statements.

Enable uniform reporting

Most countries are converging or adopting their standards towards IFRS

India, as a step closer to convergence with IFRS, has adopted Ind-AS

The IFRSs has become the global accounting icon and almost all career avenues related to finance & accounting are affected by these accounting reforms. The accounting standards are the principle and practices which lay down a framework on which financial statements of an enterprise are prepared. These international standards have become obligatory for the corporate who want to exploit global financial markets by making a listing of their company on international stock exchanges, by way of joint ventures or by any other mode.

Curriculum

  • IAS 1, Presentation of financial statements;
  • IAS 2 Inventories;
  • IAS 8, Accounting policies, changes in accounting estimates and errors ;
  • IAS 16, Property, plant and equipment;
  • IFRS 1 First-time Adoption of International Financial Reporting Standards;
  • IFRS 8 Operating Segments;
  • IFRS 13 Fair Value Measurement;
  • IFRS 15, Revenue from contracts with customers.

Learning Outcomes

  • The candidates should be able to analyse Financial Statements in an Effective manner to the concerned IFRS.
  • IFRS knowledge helps candidate clear B.Com or other similar Degree, CIMA and ACCA examinations.
  • Fair Idea on implementation of IFRS Practically.
  • Who Should Attend?
  • Bachelor of Business Administration
  • Bachelor of Commerce

Job Prospects

  • International Financial Coordinator
  • Associate Accountant, Financial Reporting
  • Financial Reporting Senior Associate

Certification

After completing this course and successfully passing the certification examination, the student will be awarded the “International Financial Reporting Standards (IFRS)” Certification.

If a learner chooses not to take up the examination, they will still get a 'Participation Certificate'.


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