ACCA Cert.IFRS and Dip.IFRS TRAINING

WHY ACCA IFRS

In this course you will learn the fine arts of International Financial Reporting Standards (IFRS). Nationally qualified accountants and auditors can now update their skills to meet the challenges involved in adopting and implementing IFRS in their workplace.

International Financial Reporting Standards (IFRS) are mandated in more than 100 countries worldwide. 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 UAE, Australia, Singapore, 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, including India, are moving towards applying IFRS, which is having a significant impact on financial reporting.

ACCA IFRS online training

We have been conducting Distance Learning through online classes to different parts of UAE as well as GCC countries and some parts of Asia and had proven to generate great results. Our current situation made this online approach more convenient for many students as they save their time and money instead of attending the traditional classroom training.

WHY ACCA DipIFR

The ACCA diploma in IFRS has been developed by the Association of certified chartered Accountants (ACCAUK). A way to learn the fine art of international Financial Reporting, That gives a detailed insight of how Apply IFRS.
Diploma in IFRS is a fast and efficient solution that will develop the current knowledge of Financial Reporting at international standards.

Learning outcomes of DipIFR:

The Diploma in IFRS training in Dubai will enable you 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 including subsidiaries, associates and joint ventures.
  • understand, explain and apply the IASB’s Conceptual Framework for Financial Reporting.

Eligibility for Diploma in IFRS:

  • A professional accountant or auditor, qualified according to national accounting standards.
  • Working in practice but not yet qualified, (may still be eligible provided you have one of the following:
  • 3 years relevant accounting experience ( by submitting an experience letter from your employer)
  • A relevant degree along with 2 years of work experience.
  • An ACCA certificate in IFRS along with 2 years of work experience.

Exam Structure of DipIFR:

A single (3hours & 15 minutes) written exam that requires a candidate to achieve a 50 % score or above to pass the exam. The Exam is held twice in year This diploma in IFRS exam is held in Dubai twice a year. ACCA exam center in Dubai and Abu Dhabi conduct Diploma in IFRS exam in June and December.

Why to choose Bright Future Training Institute for DipIFR training in Dubai?

Our DipIFR trainers are ACCA qualified, having updated knowledge of IFRS and practical experience of how to apply IFRS in real environment. Our DipIFR training is designed around the syllabus of the ACCA Diploma in IFRS.
Our expert trainers give you the insight of the course and prepare you for IFRS exam conducted by the ACCA in Dubai.

Diploma in IFRS Course Highlights

Face to Face classroom training

Prepare rigorously before competitive exam

Online training for distance learners

Take the advantage of study at home while saving the time and cost of transportation

Study Materials

o Comprehensive text book by approved publisher
o Trainer’s designed PowerPoint Presentations
o Mock Exam Q & A

Awarding Certificates

Candidates will leave us with two awarding certificates:

  • Course completion certificate from Bright Future Training Institute
  • ACCA DipIFR certificate from ACCA-UK after passing exam

WHY ACCA Cert IFR

The ACCA certificate in International Financial Reporting Standards (Cert IFR) is designed to prove a comprehensive introduction to the nature and the application if Financial Reporting Standards while drafting financial reporting. Cert IFR benefits ACCA members who gained their qualification prior to the introduction of IFRS. For ACCA members whose qualifications are already based on IFRS, the Cert IFR is an opportunity to update their IFRS knowledge for recent IASB publications.
IFRS standards are now mandated for use by more than 100 countries, including European Union and by more than two – third of the G20 countries.

Learning outcomes of Certificate in IFRS

IFRS provides a set of rules to abide by when preparing an entity’s accounts, ensuring this standardization across the market. The objective of Cert IFR is to make you familiar with financial standards that make your financial reports globally accepted. Certificate in IFRS will help assist you:

  •  to help you understand how International Financial Reporting Standards (IFRS) are used around the
    world
  • to explain how the International Financial Reporting Standards Foundation (IFRSF) / International
    Accounting Standards Board (IASB) work and how these are being changed
  • to examine the fundamental requirements of IFRS on a standard-by-standard basis
  • to provide guidance on how to use IFRS in practice.

Eligibility of Certificate in IFRS:

Nationally qualified accountants and auditors. An educational or vocational background in financial reporting is recommended before starting the certificate in IFRS.

Exam Structure of Cert IFR:

The certificate in IFRS is assessed by a one-hour online exam with multiple choice questions. Online exam can be booked anytime from anywhere.

Why to choose Bright Future Training Institute for Cert IFR training in Dubai?

Our IFRS trainers are ACCA qualified, having updated knowledge of IFRS and practical experience of how to apply IFRS in real environment. Our Cert IFR training is designed around the syllabus of the ACCA Diploma in IFRS.
Our expert trainers give you the insight of the course and prepare you for online exam conducted by the ACCA.

Certificate in IFRS Course Highlights

  • Face to Face classroom training
    Prepare rigorously before competitive exam
  • Online training for distance learners
    Take the advantage of study at home while saving the time and cost of transportation
  • Study Materials
    Comprehensive text book by approved publisher
    Trainer’s designed Power Point Presentations
    Mock Exam Q & A

Awarding Certificates

Candidates will leave us with two awarding certificates:

  • Course completion certificate from Bright Future Training Institute
  • ACCA DipIFR certificate from ACCA-UK after passing exam

1. The nature and operations of the IASB

  • Structure of the IFRSF/IASB
  • Extant standards of the IASB
  • The framework.

2. The status and use of IFRSs around the world

  • The use of IFRS around the world
  • The IASB roadmap
  • The annual IASB bound volume and its use.

3. Presentation and profit

  •  IAS 1, Presentation of financial statements
  • IFRS 15, Revenue from contracts with customers
  • IAS 8, accounting policies, changes in accounting estimates and errors.

4. Accounting for assets and liabilities – part 1

  • IAS 16, Property, plant and equipment
  • IAS 38, Intangible assets
  • IAS 40, Investment Property
  • IAS 36, Impairment of assets
  • IAS 23, Borrowing costs
  • IAS 20, Accounting for government grants and disclosure of government assistance
  • IAS 2, Inventories
  • IAS 17, Leases
  • IFRS 5, Non-current assets held for sale and discontinued operations

5. Accounting for assets and liabilities – part 2

  • IFRS 13, Fair Value Measurement
  • IFRS 32, Financial instruments – presentation
  • IFRS 9, Financial instruments
  • IFRS 7, Financial instruments: disclosures
  • IFRS 2, Share-based payment
  • IAS 37, Provisions, contingent liabilities and contingent assets
  • IAS 10, Events after the reporting period
  • IAS 19, Employee benefits
  • IAS 12, Income taxes
  • IAS 41, Agriculture
  • IFRS 6, Exploration for and evaluation of mineral resources.

6. Group accounting

  • IFRS 10, Consolidated Financial Statements
  • IAS 27 (revised 2011), Separate financial statements
  • IFRS 3, Business Combinations
  • IAS 28 (revised 2011), Investments in associates and joint ventures
  • IFRS 11, Joint arrangements
  • IFRS 12, Disclosure of interests in other entities
  • IAS 21, The effects of changes in foreign exchange rates
  • IAS 29, Financial reporting in hyperinflationary economies.

7. Disclosure standards

  • IAS 7, Statement of cash flows
  • IAS 24, Related party disclosures
  • IAS 33, Earnings per share
  • IAS 34, Interim financial reporting
  • IFRS 4, Insurance contracts
  • IFRS 1, First time adoption of IFRS
  • IFRS 8, operating segments.

8. Principal differences between UK/US GAAP and IFRS

9. Proposals for change

Muhammad Shakeel

  • B. Com , DIPA , APFA, ACA , FCPA , IFRS qualified
  • Corporate experience 25 Years
  • Academic experience 5 years.