Do you employ finance professionals who need to develop a knowledge of International Financial Reporting Standards? If so, we have a fast and efficient solution to meet your needs. Over 113 countries require or permit the use of International Financial Reporting Standards (IFRS) for publicly-traded companies. All listed companies in the European Union (EU) have to prepare consolidated company accounts that comply with IFRS. It also affects associates and subsidiaries of EU-listed companies.
Other countries such as Australia, Hong Kong and South Africa have already adopted IFRS or equivalents as their local Generally Accepted Accounting Principles (GAAP). And many other countries around the world are moving towards applying IFRS, which is having a significant impact on financial reporting.
The course is designed to develop trainees’ knowledge and understanding of International Financial Reporting Standards. They will also learn how to apply them, as well as the concepts and principles which underpin them.
This qualification is suitable for professional accountants or auditors who work in practice or business, and are qualified according to national accounting standards.
Trainees who are working in practice, but are not yet qualified, may still be eligible to take the qualification. They will need to prove that they have one of the following:
- three years' relevant accounting experience (you and/or their previous employers should write a letter confirming this)
- a relevant degree plus two years' work experience
- an ACCA Certificate in International Financial Reporting plus two years' work experience.