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Certification in IFRS from ACCA Global

Enhance your IFRS skills with Certification in IFRS from ACCA Global at Gentex Training Center for accurate, globally compliant financial reporting.

Date & Location

Introduction

Mastering International Financial Reporting Standards (IFRS) is crucial for finance professionals aiming for international recognition and credibility. The Certification in IFRS from ACCA Global offered by Gentex Training Center equips finance professionals with the critical knowledge and practical skills necessary to apply IFRS effectively. This comprehensive five-day course provides participants with clear insights into IFRS, enabling them to accurately prepare financial statements and ensure compliance with global financial reporting standards. Participants will also stay updated with the latest developments and best practices in international financial reporting.


Certification in IFRS from ACCA Global Course Objectives

  • Gain a deep understanding of IFRS principles and concepts.
  • Apply IFRS effectively to prepare accurate financial statements.
  • Understand the regulatory framework and requirements of IFRS globally.
  • Develop skills to analyze and interpret financial reports under IFRS.
  • Learn best practices in IFRS implementation and compliance.
  • Recognize and correct common mistakes and discrepancies in IFRS reporting.
  • Keep updated with recent changes and amendments to IFRS standards.


Course Methodology

This course uses a practical approach, combining interactive lectures, detailed case studies, hands-on exercises, and group discussions to ensure participants thoroughly grasp IFRS standards and their practical applications.


Who Should Take This Course

  • Finance Managers
  • Financial Controllers
  • Auditors
  • Accountants
  • Financial Analysts
  • Compliance Professionals


Certification in IFRS from ACCA Global Course Outlines


Day 1: Introduction and Framework of IFRS

  • Overview and introduction to IFRS
  • Conceptual framework and its application
  • IASB objectives and regulatory requirements
  • Presentation and disclosure in financial statements
  • Key differences between IFRS and national accounting standards


Day 2: Reporting Assets under IFRS

  • Tangible and intangible assets accounting
  • Depreciation, amortization, and impairment
  • Accounting for investment properties
  • Leases under IFRS 16
  • Practical examples and exercises


Day 3: Liabilities and Financial Instruments

  • Classification and measurement of financial instruments
  • Recognition and valuation of liabilities
  • Hedge accounting and financial derivatives
  • Provisions, contingent liabilities, and contingent assets
  • Case studies and group discussions


Day 4: Revenue Recognition and Consolidation

  • IFRS 15 revenue recognition principles
  • Contract accounting and performance obligations
  • Consolidated financial statements preparation
  • Business combinations and accounting treatments
  • Practical workshops and case analysis


Day 5: IFRS Reporting and Compliance

  • Preparing IFRS compliant financial reports
  • IFRS for SMEs
  • Recent updates and future developments in IFRS
  • Best practices in IFRS compliance and reporting
  • Final review session and interactive discussion


Conclusion

By successfully completing the Certification in IFRS from ACCA Global course with Gentex Training Center, participants will have comprehensive knowledge and practical expertise to confidently prepare IFRS-compliant financial reports. This knowledge enables professionals to significantly enhance the accuracy, transparency, and global credibility of financial statements within their organizations.