IFRS OVERVIEW

International Financial Reporting Standards (IFRS) is becoming the global language of business with over 40% of the world having moved to IFRS in the past few years. By 2018, it is expected that all companies in major markets will be using IFRS. The globalization creates an increased need for communication in the terms of language, awareness of culture differences and domestic customs. Moreover the financial communication such as accounting and financial results is just as important for business leaders and employees to master.

What are the course objectives?

Financial statements are a structured representation of the financial positions and financial performance of an entity. The objective of financial statements is to provide information about the financial position, financial performance and cash flows of an entity that is useful to a wide range of users in making economic decisions. Financial statements also show the results of the management’s stewardship of the resources entrusted to it.

To meet this objective, financial statements provide information about an entity’s:

  1. Assets;
  2. liabilities;
  3. Equity;
  4. Income and expenses, including gains and losses;
  5. Contributions by and distributions to owners in their capacity as owners; and
  6. Cash flows.
IFRS Test Details

Duration: 120 minutes

No. of questions: 60

Maximum marks: 100, Passing marks: 60 (60%); There is negative marking for incorrect answers.

Certificate validity: For successful candidates, certificates are valid for 5 years from the test date.

Module Fees GST @ 18% Total Fees
1700 306 2006

 Total Fees : Rs.2006/- (Rupees Two Thousand and Six Only). inclusive of GST.

Who Should Pursue IFRS Module Certification?
  • 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.
  • 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.
  • 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.

About IFRS Syllabus

CHAPTER 1 :IFRS Certification Course
  •  IFRS Certificate Program creates an understanding of International Financial Reporting Standards, necessary for success in contemporary global business world.
  • Our program teaches IFRS with practical approach and examples.
  • This program also prepares the candidates for certifications in Ind – AS and Diploma / Cert IFRS
CHAPTER : 2 About IFRS
  • International Financial Reporting Standards (IFRS):
  • Are accounting standards and principles
  • Are set by the International Accounting Standard Board (IASB)
  • Are becoming global standards for preparation of financial statements.
  • Enable uniform reporting
  • Most countries are converging or adopting their standards towards IFRS
  • India, as a step closer to convergence with IFRS, has adopted Ind-AS
CHAPTER 3 : Benefits of studying IFRS
  • ITES,
  • Software,
  • Pharmaceutical,
  • Auto spare part,
  • Professional advisory companies,
  • Auditing firms,
  • Banking industry,
  • Insurance industry,
  • KPOs, etc.
CHAPTER 4 : Why NSE Academy certification?
  • NSE Academy is the certifying body for financial modules
  • The only IFRS program in India certified by NSE Academy
  • On completing this certification candidate will learn to:
  • Apply relevant financial reporting standards to key elements of financial reports
  • Identify and apply disclosure requirements for companies in financial reports and notes to accounts
  • Prepare group financial statements (excluding group cash-flow statements) including subsidiaries, associates and joint arrangements Attempt Cert IFRS examinations (ACCA) without any further coaching
CHAPTER 5 : Who should pursue this certification?
  • 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.
CHAPTER 6: On completion of this certification
  • Get an additional certification of IndAS and 10-15 hours of training for Dip IFRS (ACCA) from IMS Proschool with no additional cost.
  • *Attempt Cert IFRS examinations (ACCA) without any further coaching
  • *Apply relevant financial reporting standards to key elements of financial reports.
  • *Identify and apply disclosure requirements for companies in financial reports and notes to accounts.
  • *Statements (excluding group cash-flow statements) including subsidiaries, associates and
CHAPTER 7: Syllabus at glance
  • The nature and operations of the IASB
  • The status and use of IFRSs around the world
  • Presentation and profit
  • Accounting for assets and liabilities – part 1
  • Accounting for assets and liabilities – part 2
  • Group accounting
  • Disclosure standards
CHAPTER 8: Certification process
  • Enroll with IMS Proschool for IFRS course
  • Complete classroom training in 3-months
  • Clear the internal examination with minimum 70%
  • Fill the exam form on the Proschool website with NCFM ID. If you don’t have an NCFM ID, you can visit www.nseindia.com
  • Take the exam at NSE India or NSEIT Centers
  • Clear the NSE India Certification on IFRS and get certification
  • Get an additional 10-15 hrs. Classroom training (LVC) for Dip IFRS/ Ind As 

 

Experienced Trainers

Hands on Training

Flexible Timings

Affordable Fees

Learn from the Best

Learn from the Best

Learn from the Best

All courses are delivered only by top trainers, training institutes and professionals with decades of teaching experience, helping thousands of learners advance their career.

As passionate educators and renowned experts, they know what it takes to upskill you.

Certified Learning

Variety of Courses

Trusted Partner

Accessibility

Students Reviews

I This course will be giving me all the required knowledge in accounts domain and will be helping me to make my career in the accounting profile.

TARUN

I found this course very interesting, it is giving me practical exposure to the accounting concepts. This course would surely give me edge in accounting domain and would be very beneficial for future perspective.

RAJESH

I am doing this course to enhance my accounting skills and to have a better career in this domain. it is providing me with the course which will help me to have all the necessary knowledge with the well-qualified faculties.

Kiran