International Financial Reporting Standard (IFRS)

For professional accountants and students to gain knowledge of financial reporting based on International Standards

International Financial Reporting Standards (IFRS) is becoming the global standard for the accounting. The Ministry of Corporate Affairs, Government of India has also announced its commitment to convergence to IFRS. IFRS certification can open career opportunities beyond India as 117 countries have already adopted it. India, as a step closer to convergence with IFRS, has adopted Ind-AS. The advantage of establishing global accounting standards is that a single format would be used for financial statements across all companies internationally. This would make it easier for companies to compete abroad, raise capital and to win global contracts by providing consistent and comparable financial details.

  1. Various IFRS profiles are being offered in several sectors of the industry that include ITES, software, pharmaceutical, advisory firms, auditing firms, banking & insurance industry, KPOs, etc. 
  2. Practical knowledge of these universal standards will open doors across the globe as more than 100 countries have given green signal in their accounting boundaries.
  3. Application of these standards is complex and time consuming which underlines the significance of IFRS professionals

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

  1. Understand and explain the structure of the framework of international accounting and Ind-AS
  2.  Apply relevant financial reporting standards to key elements of financial reports
  3. Identify and apply disclosure requirements for companies in financial reports and notes
  4. Prepare group financial statements (excluding group cash-flow statements), including subsidiaries, associates and JVs
  1. ValuedPro along with Vstudy has trained more than 15000 candidates for different academic exams and professional courses such as CS, CA, CMA, CIMA, CPA etc
  2. We have trained more than 2,000 employees of different finance organizations on Financial Analysis, Wealth Management, Financial Planning, Equity Research, Management Accounting etc.
  3. ValuedPro is the official training partner of global professional bodies like CIMA, ACCA, CS etc.

1. Who should opt for IFRS Course?
 
1. Candidates pursuing graduation, post-graduation in commerce, or qualified professionals like MBAs, CAs, CMAs, CSs, CFAs, CFPs or any other relevant course in the field of finance can opt for this certification in IFRS.
 
2. Accounting professional who wants to supplement his / her skill sets by learning the new accounting standards to perhaps make a job-shift or simply to be updated.
 
3. A student who wants to begin a career in financial reporting.
 
2. Which college/ university is this course affiliated with?
 
Only degree programs are affiliated from universities whereas IFRS is an additional short term program to specialize in financial standard and accounting, with an intent to enhance industry required skill sets. It has been designed by industry experts has wide recognition and acceptance among the recruiters and industry participants.
 
3. Are there any pre-requisites/prior knowledge/skills that are required for this course?
 
Students should have hands-on experience on Indian Accounting Standard and idea about Finance, Balance Sheets and Cash Flow
 
4. Do chances of being employed by an MNC increase by completing IFRS?
 
Apart from India, 100+ countries have received permission to implement IFRS standards. Therefore, by being IFRS qualified, you are eligible to apply and work in these 100+ countries. The candidate would definitely have an edge over a non-IFRS candidate while being placed.
 

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