What is an IFRS Certification?
The international financial reporting standards or IFRS Certification is a course that has been crafted, keeping in mind the syllabus of the ACCA or the Association of Chartered Certified Accountants. This course provides a detailed introduction in the area of International Financial Reporting and its Standards. It sheds light on the history of this accounting standard through the timeline details on the International Accounting Standards Board (IASB) from its time of inception to its present status and its role in the future developments.
Qualification required pursuing an IFRS Certification?
Anyone who seeks to join a graduate course or a post graduate degree in commerce, or is a CA, MBA, CMA, CFP, CFA or from a relevant course in the field of finance can enroll in the IFRS Certification course.
The Relevance of IFRS in the US
This certification has huge respect in the US market as there is substantial demand for the preparation and audit of financial statements of the subsidiaries of U.S. multinationals out of the US. Those multinationals that are headquartered in the US too require auditors and accountants for their IFRS requirements. The Financial Accounting Standards Board and the IASB that are authorized with the responsibility of setting agendas for financial professionals are both based in the US.
What are the Learning Objectives?
An IFRS Certification introduces students to complex financial instruments and business combinations. Through an IFRS Certification, a student can gain a wider view of the important IFRS concepts. The understanding of the latest standards and amendments brought in by the IASB in the realm of finance and its impact on the accounting world can be acquired through an IFRS Certification. The IFRS Certification further educates students on the application of the fundamental principles of the IFRS on various accounting areas.
Who Benefits from an IFRS Certification?
Finance and accounting professionals that are working for either a public or a private multinational company having subsidiaries or patent entities under the IFRS, stand to benefit from this Certification. Even accountants, who practice assurance and audit work for private and public companies under the IFRS add value to their professional qualification.
Why pursue an IFRS Certification?
More than 120 countries either comply with the IFRS or are required to do so. Having a strong foundation in this area through an IFRS Certification will help to not only expand the career options in the domestic market but globally as well.
Times & Trends Academy is one of the best academies for IFRS training. Many students have qualified for IFRS after TTA’s apt guidance. Contact now for more information!