IFRS course by EY
IFRS course 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.
IFRS course by EY:
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.
IFRS course by EY: OBJECTIVE
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
IFRS course by EY: Course deliverable
- 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
On completion of the program, each participant will be provided a One-Year access to EY LMS, including videos, presentations, illustrative disclosures, illustrative financial statements, difference between GAAPs such as IND-AS and AS, IFRS and AS, IFRS and USGAAP, query management through “Ask EY” and MCQs.
IFRS course by EY: 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.
IFRS course by EY: Schedules and training centres:
|City||Mode and schedule|
|Delhi||Face to Face classroom sessions starting from May 2017|
|Mumbai||Face to Face classroom sessions starting from June 2017|
|Bangalore||Face to Face classroom sessions starting from June 2017|
|Online Live||Online live sessions starting from July 2017|
IFRS course by EY: Detailed description about the course
AIMS of the course- To provide qualified accountants or graduates, possessing relevant country specific qualifications or work experience with an up to date and relevant conversion course, providing a practical and detailed knowledge of the key international financial reporting standards and how they are interpreted and applied.
OBJECTIVES On completion of this syllabus, candidates should be able to:
• Understand and explain the structure of the international professional and conceptual framework of accounting
• Apply relevant international financial reporting standards to key elements of financial reports
• Identify and apply disclosure requirements for entities relating to the presentation of financial reports and notes
• Prepare group financial statements (excluding group cash flow statements) including subsidiaries, associates, and joint arrangements.
POSITION OF THE COURSE WITHIN THE OVERALL PORTFOLIO OF ACCA’S QUALIFICATION FRAMEWORK – The Diploma in International Financial Reporting (DipIFR) builds on the technical and/or practical knowledge acquired from recognised country specific accountancy qualifications or relevant work experience.
The syllabus introduces the candidate to the wider international framework of accounting and the system of standard setting. This conversion course concentrates on the application of conceptual and technical financial reporting knowledge that candidates have already obtained to the specific requirements of financial reporting under international financial reporting standards.
The DipIFR also provides essential international financial reporting knowledge and principles that will prepare candidates for the increasingly global market place and keep them abreast of international developments and how they might apply to companies and businesses.
The prerequisite knowledge for DipIFR can either come from a country specific professional qualification, from possessing a relevant degree and two years’ accounting experience, or by having three years’ full-time relevant accounting experience, supported by an employer’s covering letter.
EXAMINING THE SYLLABUS -The examination is a three-hour paper. Most questions will contain a mix of computational and discursive elements. Some questions will adopt a scenario/case study approach.
All questions are compulsory. The first question will attract 40 marks. It will involve preparation of one or more of the consolidated financial statements that are explainable within the syllabus. This question will include several issues that will need to be addressed prior to performing the consolidation procedures.
Generally these issues will relate to the financial statements of the parent prior to their consolidation. The other three questions will attract 20 marks each. These will often be related to a scenario in which questions arise regarding the appropriate accounting treatment and or disclosure of a range of issues.
In such questions candidates may be expected to comment on management’s chosen accounting treatment and determine a more appropriate one, based on circumstances described in the question. Often one of the questions will focus more specifically on the requirements of one specific International Financial Reporting Standard.
IFRS course by EY:
Some International Financial Reporting Standards are very detailed and complex. In the DipIFR exam candidates need to be aware of the principles and key elements of these Standards. Candidates will also be expected to have an appreciation of the background and need for international financial reporting standards and issues related to harmonisation of accounting in a global context. The overall pass mark for the Diploma in International Financial Reporting is 50%.
For More information about IFRS check the link below:
IFRS course by EY:
To know about the modules of IFRS follow this link
IFRS course by EY:
To know about the projects by IFRS follow this link
IFRS course by EY:
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.