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IFRS Certificate Program

IFRS Certificate Program

IFRS Certificate Program are provided by many Organisations We are giving you a list and a the things that are required to know about those organisation before you Enrol into them.

IFRS Certificate Program

IFRS Certificate Program

We will start with IFRS- International Financial Reporting Standards 

International Financial Reporting Standards (IFRS) are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries. They are a consequence of growing international shareholding and trade and are particularly important for companies that have dealings in several countries. They are progressively replacing the many different national accounting standards. They are the rules to be followed by accountants to maintain books of accounts which are comparable, understandable, reliable and relevant as per the users internal or external. |San Francisco IFRS, with the exception of IAS 29 Financial Reporting in Hyper inflationary Economies and IFRIC 7 Applying the Restatement Approach under IAS 29, are authorised in terms of the historical cost paradigm. IAS 29 and IFRIC 7 are authorised in terms of the units of constant purchasing power paradigm.[1][2]

IFRS began as an attempt to harmonise accounting across the European Union but the value of harmonisation quickly made the concept attractive around the world. However, it has been debated whether or not de facto harmonisation has occurred. Standards that were issued by IASC (the predecessor of IASB) are still within use today and go by the name International Accounting Standards (IAS), while standards issued by IASB are called IFRS. IAS were issued between 1973 and 2001 by the Board of the International Accounting Standards Committee (IASC). On 1 April 2001, the new International Accounting Standards Board (IASB) took over from the IASC the responsibility for setting International Accounting Standards. During its first meeting the new Board adopted existing IAS and Standing Interpretations Committee standards (SICs). The IASB has continued to develop standards calling the new standards “International Financial Reporting Standards”.

In the absence of a Standard or an Interpretation that specifically applies to a transaction, management must use its judgement in developing and applying an accounting policy that results in information that is relevant and reliable. In making that judgement, IAS 8.11 requires management to consider the definitions, recognition criteria, and measurement concepts for assets, liabilities, income, and expenses in the Framework.

So lets stats with the list of Organisation who provides this certification or who prepare us for the main certification program in this list we include:

IFRS Certificate Program

First we will look at ->

IFRS Certificate Program By EY : 

Our international financial reporting standards (IFRS) course is designed around the syllabus of the The Association of Chartered Certified Accountants (ACCA) Diploma in IFRS. We will take participants through all the topics covered in the syllabus and help them prepare for the diploma In IFRS examination conducted by the ACCA.

ACCA’s Diploma in IFRS is one of the most respectable and appreciated qualification in IFRS across the globe. The course is designed to develop your knowledge and understanding of IFRS. You will learn how to apply them, as well as the concepts and principles which underpin them, and their application in India and the international marketplace.

India has decided to converge with IFRS, and has issued its own IFRS equivalent accounting standards, referred to as Ind-AS. It has, thus, become critical for finance professionals to understand accounting standards in the Ind-AS framework and the related practical application issues. Accordingly, while covering different IFRS for preparing you to sit for ACCA’s Diploma in IFRS program, we will also cover important differences between IFRS and corresponding IND-AS in every module.

Objective of the course

On completion of the course, candidates should be able to:

  • Understand and explain the structure of the framework of international accounting and Ind-AS
  • Apply relevant financial reporting standards to key elements of financial reports
  • Identify and apply disclosure requirements for companies in financial reports and notes
  • Prepare group financial statements (excluding group cash-flow statements), including subsidiaries, associates and JVs

Course deliverables

  • Interactive training of 75 hours by experienced professionals.
  • Comprehensive study material from BECKER Professional Education – Gold Approved Learning Partners – Content
  • Comprehensive question bank with solutions from BECKER Professional Education – Gold Approved Learning Partners
  • EY presentations
  • Monitoring tests
  • Mock test
  • Access to EY Learning Management System (LMS)
  • IFRS certificate: EY will award “Certificate of Participation” to participants who have at least 80% attendance in the sessions

Course fee

INR 30,000/- plus applicable taxes. Participants who wish to appear for Diploma in IFRS examination conducted by ACCA will be required to pay GBP 185 directly to ACCA.

Fee once paid is non-refundable. You can adjust the fee with our next batch subject to the availability of the seats.

All courses/programs are subject to a minimum number of participants. If a course/program has less than the required number of participants then EY FAAS learning solutions entitled to cancel any of the courses/programs at its absolute discretion, without liability. In such instances, the EY FAAS learning solution team can offer the participants with alternative options that are same level or standard.

Certification

Yes, participant will receive a Certificate of participation from EY if attendance is 80% and above.

Participants appearing in Diploma in IFRS examination will receive separate Diploma from ACCA on clearing the examinations.

IFRS Certificate Program KMPG:

To offer a credible and globally recognized qualification on IFRS, the Association of Chartered Certified Accountants (ACCA) has launched “Diploma in International Financial Reporting (DipIFR)”. ACCA has accredited KPMG in India as a gold learning provider for this program.

DipIFR course is useful for qualified professional accountants and other professionals experienced in Indian GAAP and addresses international financial reporting and first time application of IFRS. DipIFR is designed to develop an individual’s knowledge of IFRS – providing an understanding of the concepts and principles which underpin them, and their application in the international marketplace, thereby preparing him/ her for working in the IFRS environment.

About Association of Chartered Certified Accountants (ACCA):

The ACCA is a global body for professional accountants based in the UK. It has 140,000 members and approximately 400,000(Year 2011-12) students and supports them throughout their careers, providing services through a network of 83 offices and active centres. A large number of ACCA members and students are based outside the UK.

Program highlights

  • The program is conducted by experienced professionals from KPMG in India
  • Learning Management System (LMS) access will be provided to all participants for one full year from the date of batch commencement, having features like:
    • Session videos and presentations
    • Synopsis of IFRS accounting standards
    • Extracts of annual reports of IFRS-compliant companies
    • Features like Ask KPMG in India specialist, mock exams, practice questions included
    • KPMG in India publications available for download
    • Modules on difference between IFRS / Ind AS / Indian GAAP
  • Study material for DipIFR is sourced from ATC International (UK), a Gold approved publisher of learning material by ACCA (U.K)
  • Each session will cover the theoretical aspects of each topic as well as the practical application issues along with a review of past examinations
  • Access to KPMG in India’s IFRS Institute

Course details

  • Program covers eighty (80) hours of intensive and interactive classroom training, in which 70 hours will cover the entire syllabus of Diploma in IFRS awarded by the ACCA of UK and the rest will focus on Ind AS
  • The sessions will be held during weekends
  • Classes will be held at various locations – Mumbai, Delhi, Chennai, Hyderabad, Pune, Bangalore and other cities based on the number of participants. There is also a facility to attend LIVE online sessions
  • Mock exams and self assessments tests will be conducted to help students prepare well for examinations
  • Hotline facility shall be provided to participants, where they can directly call faculty members and resolve their queries relating to the DipIFR curriculum.

Eligibility

  • Chartered accountants and other accounting professionals are eligible to take the exam (require relevant documentation – eg: degree certificate, etc)
  • Individuals with the following background are also eligible:
    • A relevant degree plus two years’ work experience*
    • General three years work experience*
    • ACCA affiliate status
    • ACCA certificate in International Financial Reporting plus two years’ work experience.

* Experience letter to be attached along with registration form

Assessment

The DipIFR exam will be assessed by a single three-hour closed book written exam, held twice a year in June and December at the ACCA’s exam centres in India as well. The pass mark is 50%. The exam contains two sections and has a mix of computational and discursive elements. Some questions adopt a scenario/case study approach.

Certification

KPMG in India’s certificate of participation shall be awarded to all students enrolling and recording a 90% attendance in the sessions.

KPMG in India’s Accounting Advisory Service’s Learning Solutions is pleased to announce its batch 23 for DIP IFR training. The course is designed to prepare participants with latest International accounting practices.

About the Program

International Financial Reporting Objective Standards (IFRS), issued by the International Accounting Standards Board (IASB), is rapidly becoming a benchmark for the accounting world.

With the growing number of countries opting for IFRS, the numbers of finance professionals with qualification in IFRS is increasing globally.

The recently (2014) notified Indian Accounting Standards (IND AS) have been converged with International Financial Reporting Standards (IFRS).

This mark a paradigm shift in the regulatory and reporting landscape for companies in India.

DipIFR from the Association of Certified Chartered Accountants is one such qualification which can provide a detailed conceptual insight into IFRS. Diploma from ACCA (UK) is widely recognized in India and around the world.

DipIFR is useful for accounts and finance professionals working or intended to work in environment requiring accounting and reporting using IFRS. DipIFR is designed to develop an individual’s knowledge of IFRS – providing an understanding of the concepts and principles which underpin them, and their application in the international marketplace, thereby preparing him / her for working in the IFRS environment.

IFRS Certificate Program

IFRS Certificate Program By KPMG with ACCA

Objective: 

On completion of the DipIFR course, individuals should be able to:

  • Understand and explain the structure of the framework of international accounting
  • Apply relevant financial reporting standards to key elements of financial reports
  • Identify and apply disclosure requirements for companies in financial reports and notes
  • Prepare group financial statements (excluding group cash- flow statements) including subsidiaries, associates and joint ventures.

Programme highlights

  • The programme is based on the ‘Diploma in IFRS’ from ACCA syllabus.
  • The programme aims to prepare participants for the ‘Diploma in IFRS’ examination conducted by ACCA
  • The programme covers seventy five (75) hours of intensive and interactive classroom training
  • The sessions will be held at weekends
  • Each session will not only cover the topic but also important difference between IFRS and Ind AS
  • Mock examination and self-assessment tests shall be conducted to help students prepare well for the examination.

KPMG advantage

  • Association of Chartered Certified Accountants (ACCA) accredited gold approved learning provider.
  • Participants will be provided access to the Learning Management System (LMS) for a year from the date of batch commencement, which includes:
    • Session presentations
    • Summary of standards
    • Extracts of annual reports of IFRS compliant companies
    • Features like ‘Ask a KPMG in India Specialist’.
    • KPMG in India publications will be available for download.
    • Modules on difference between IFRS/IndAS/IGAAP.
  • The programme is conducted by experienced professionals from KPMG in India.
  • Study material and question bank for DipIFR (ACCA) sourced from Becker professional education- ATC International, a gold approved publisher of learning material by ACCA (U.K.)
  • KPMG in India will award a certificate of participation to participants who have minimum 90 per cent attendance in the sessions and have appeared in all monitoring and mock tests conducted during the training

IFRS Certificate Program: ACCA DipIFR Registration:

For ACCA DipIFR exam:

Online registration request and copies of all your supporting
documentation should reach ACCA 10 days before the following closing
date:

  • 16 October 2017 for the December exam session

Eligibility:

If you are a professional accountant or auditor who works in practice or business, and are qualified according to national accounting standards, then you are eligible to take this ACCA financial reporting qualification.

If you are a working professional, but not yet qualified, then you may still be eligible. You will need to prove that you have one of the following:

  • three years’ relevant accounting experience (by submitting a letter from your employer)
  • a relevant degree plus two years’ work experience
  • an ACCA Certificate in International Financial Reporting plus two years’ work experience

Who should attend?

  • Chief Financial Officers (CFOs), finance directors and strategic planners
  • Accountants, analysts and auditors
  • Investment bankers and corporate bankers
  • Private equity and merger & acquisition specialists
  • Consultants practicing CA, CS, CWA
  • Professionals from Indian companies with a global presence
  • Graduate who is a part of finance/ accounting team

Schedule

Weekend batches starting from July 2017 at respective KPMG office locations.

Assessment

DipIFR will be assessed by a single three-hour written exam, which is
held twice a year in June and December at the ACCA’s exam centres, including in India. The pass mark is 50%. The exam contains two sections and has a mix of calculations and written answers. Some questions adopt a scenario / case study approach. The assessment will be held in various centres within India.

Completion

Successful candidates are awarded the “DipIFR” qualification by the ACCA.

Course Fee

The programme fee (exclusive of service tax) is INR 32,608 which includes necessary study material but excludes the exam registration fees payable to the ACCA for the DipIFR exam.

IFRS Certificate Program

IFRS Certificate Program By ICAI

The International Financial Reporting Standards (IFRS) issued by International Accounting Standards Board (IASB) are gaining recognition as Global Reporting Standards. The Council of the Institute of Chartered Accountants of India, while appreciating the emerging diversities and complexities in the world of accounting and the need for knowledge of IFRS in relation to the convergence of the Indian Accounting Standards with IFRS, has decided to launch a Certificate Course on International Financial Reporting Standards for its members. The objective of this Course is to enhance the knowledge as well as to provide benefit to the members in the global service market.

IFRS Certificate Program

The Course aims at providing:

  • Introduction of the concepts of IFRS
  • Dissemination of knowledge on IFRS;
  • Comparison of IFRS with existing Indian Accounting Standards;
  • Issues in relation to IFRS;
  • Conversion of Financial Statements prepared on the basis of Indian GAAP to IFRS based financial statements.

Duration of the Course: 60 hours Class room study

Days of Class Room:12 days Course Saturday & Sunday (9:30 AM to 5:30 PM)

Examination Form: IFRS Certificate Course Examination Form is uploaded 30 days before the examination date and also email alongwith Examination Form is sent to all the eligible candidates.

Evaluation Test: IFRS Certificate Course Examination is conducted in every quarter i.e. March, June, September and December.

Certificate on completion of the Course
A certificate will be awarded to the participants after attending and satisfactorily completing the course and passing the certification exam

IFRS Certificate Program

IFRS Certificate Program: ICWAI

The Ministry of Corporate Affairs (MCA) has given a Road Map for convergence of Indian Accounting Standards with International Financial Reporting Standards (IFRS). The new converged standards have been published and the convergence date is awaited. ICWAI-MARF feels the need to train its members in IFRSs. For this purpose ICWAI-MARF offers a 100 + hours e learning course on IFRS with a view to reach out to all members across India.

The objective of this course is to equip the Members and students of the Institute and others with the essential knowledge in the International Financial Reporting Standards. It is also intended to educate the members about the practical application of the IFRS standards

On successful completion of this course, the learner will acquire a basic understanding of the various IFRS/IAS standards.

IFRS Certificate Program: Course Content 

1IFRS 1First Time Adoption
2IFRS 2Share Based Payment
3IFRS 3Business Combinations
4IFRS 4Insurance Contracts
5IFRS 5Noncurrent assets held for sale
6IFRS 6Exploration for and Evaluation of Mineral Resources
7IFRS 8Operating Segments
8IAS 1Presentation of financial statements
9IAS 2Inventories
10IAS 7Statement of cash flows
11IAS 8Accounting policies
12IAS 10Events after reporting period
13IAS 11Construction contracts
14IAS 12Income Tax
15IAS 16PPE
16IAS 17Leases
17IAS 18Revenue Recognition
18IAS 19Employee Benefits
19IAS 20Government Grants
20IAS 21Effects of foreign exchange rates
21IAS 23Borrowing costs
22IAS 24Related Property disclosures
23IAS 26Accounting and reporting by retirement plans
24IAS 27Consolidated and separate financial statements
25IAS 28Investments in Associates
26IAS 29Financial reporting in Hyperinflationary economies
27IAS 31Interest in Joint Ventures
28IAS 33Earnings per share
29IAS 34Interim Financial reporting
30IAS 36Impairment of assets
31IAS 37Provisions, Contingent Liabilities and Contingent Assets
32IAS 38Intangible assets
33IAS 40Investment Properties
34IAS 41Agriculture

IFRS Certificate Program: Award of Certificate:
A certificate will be awarded by ICWAI-MARF to those learners who take up on-line pro-metric test and pass it.

These are the top organisation providing IFRS certification or preparing you for the Main certification.

IFRS Certificate Program

For other information please go though the links below:

Cakart.in provides India’s top IFRS faculty video classes – online & in Pen Drive/ DVD – at very cost effective rates. Get IFRS Video classes from www.cakart.in  to do a great preparation for primary Student.

Watch IFRS sample video lectures visit www.cakart.in
Watch  IFRS  sample lecture books   visit www.cakart.in
Watch IFRS free downloads   visit www.cakart.in

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