CertIFR offers a broad introduction to the field of International Financial Reporting and International Financial Reporting
Standards. This qualification is ideal for professional accountants or auditors. If you have employees with experience,
but no formal qualifications in accounting, they may still be able to apply for this certificate. The qualification is structured in an accessible and user-friendly way that underlines key information and provides useful summaries. It examines and breaks down specific standards topic-by-topic. There are case studies, which are based on real-life examples, and many exercises, multiple-choice questions and sample answers for trainees to test their knowledge as they progress through the course.
The course includes all the study materials you will need. If you are already applying International Financial Reporting
Standards (IFRS) at work and want formal recognition of your skills, this is the course for you. This course can be
delivered in two versions:
- Training Only: VIF will facilitate all the requirements of the CertIFR during the training course. Delegates then can separately register and sit for the exam individually and as there time permits.
- Training & Examination: VIF will facilitate all the requirements of the CertIFR and arrange for all delegates to sit for the exam in the last day of training.
By completely attending this course, participants will be able to:
- Help you understand how International Financial Reporting Standards (IFRS) are used around the world.
- Explain how the International Financial Reporting Standards Foundation (IFRSF) / International Accounting
- Standards Board (IASB) work and how these are being changed.
- Examine the fundamental requirements of IFRS on a standard-by-standard basis.
- Provide guidance on how to use IFRS in practice.
Accountants, senior accountants, financial controller, accounting managers, internal auditors, business analysts, and financial analysts. Also, professionals seeking to enhance international accounting knowledge.
- Financial Statements
- Financial Reporting
- Revenues and Expenses
The Nature and Operations of the IASB
- The origins of the International Accounting Standards Board (IASB®, 'the Board')
- The structure of the IFRS Foundation
- International Accounting Standards (IAS® Standards),and International Financial Reporting Standards (IFRS® Standards) that are currently in issue
- The purpose of financial statements – The Conceptual Framework for Financial Reporting
The Status and use of IFRs Around the World
- A brief summary of the adoption of International Financial Reporting Standards (IFRS® Standards) in different jurisdictions
- The growth of the International Accounting Standards Board (IASB®, 'the Board') and IFRS Standards
- IFRS Standards and small and medium-sized entities
Presentation and Profit
- IAS 1, Presentation of financial statements
- IFRS 15, Revenue from contracts with customers
- IAS 8, Accounting policies, changes in accounting estimates and errors
Accounting for Assets and Liabilities - Part 1
- IAS 16, Property, plant and equipment
- IAS 38, Intangible assets
- IAS 40, Investment property
- IAS 36, Impairment of assets
- IAS 23, Borrowing costs
- IAS 20, Accounting for government grants and disclosure of government assistance
- IAS 2, Inventories
- IFRS 16, Leases
- IFRS 5, Non-current assets held for sale and discontinued operations
Accounting for Assets and Liabilities - Part 2
- IFRS 13, Fair value measurement
- IAS 32, Financial instruments: presentation
- IFRS 9, Financial instruments: recognition and measurement
- IFRS 7, Financial instruments: disclosures
- IAS 37, Provisions, contingent liabilities and contingent assets
- IAS 10, Events after the reporting period
- IAS 19, Employee benefits
- IAS 12, Income taxes
- IFRS 2, Share-based payment
- IAS 41, Agriculture
- IFRS 6, Exploration for and evaluation of mineral resources
- IFRS 10, Consolidated financial statements
- IAS 27 (revised 2011), Separate financial statements
- IFRS 3, Business combinations
- IAS 28 (revised 2011), Investments in associates and joint ventures
- IFRS 11, Joint arrangements
- IFRS 12, Disclosure of interests in other entities
- IAS 21, The effects of changes in foreign exchange rates
- IAS 29, Financial reporting in hyperinflationary economies.
- IAS 7, Statement of cash flows
- IAS 24, Related party disclosures
- IAS 33, Earnings per share
- IAS 34, Interim financial reporting
- IFRS 4, Insurance contracts
- IFRS 1, First time adoption of IFRS
- IFRS 8, Operating segments
Principal Differences Between UK/US GAAP and IFRS
- Convergence of IFRS Standards with US GAAP
- Convergence of IFRS Standards with UK GAAP
- The work plan of the International Accounting
- Standards Board (IASB®, 'the Board')
Important Certification Notes
- Six months online access to course materials andassessment.
- The fees cover two attempts to re-sit for the assessment
- One-hour exam with multiple-choice questions
- Delegates will sit for the exam at the end of the course
Location & Dates