ACCA (Association of Chartered Certified Accountants) has a worldwide reputation for excellence and their rigorous qualifications are recognized and respected across the globe. If you join, you become part of a diverse body of more than 208,000 members and 503,000 students in 179 countries.
Diploma in IFRS by the ACCA (The Association of Chartered Certified Accountants) is one of the most respectable and appreciated qualification in IFRS across the globe. More than 113 countries now require or permit the use of IFRS holders. Over 7,000 public companies in the European Union have complied with IFRS since 2005. The course is designed to develop your knowledge and understanding of International Financial Reporting Standards. You will also learn how to apply them, as well as the concepts and principles which underpin them It can also provide eligible Continuing Professional Development units for ACCA members, as required under their CPD scheme.
Understand, explain and apply the IASB's Conceptual Framework for Financial Reporting
Apply relevant financial reporting standards to key elements of financial reports
Identify and apply disclosure requirements for companies in financial reports and notes
Understand the complex financial reporting standards like financial instruments, consolidation, share based payments, etc.
Prepare group financial statements (excluding group cash-flow statements) including subsidiaries, associates and joint arrangements.
IAS 1 sets out overall requirements for the presentation of financial statements, guidelines for their structure and minimum requirements for their content. It requires an entity to present a complete set of financial statements at least annually, with comparative amounts for the preceding year (including comparative amounts in the notes).
IAS 2 provides guidance for determining the cost of inventories and the subsequent recognition of the cost as an expense, including any write-down to net realisable value. It also provides guidance on the cost formulas that are used to assign costs to inventories.
IAS 8 prescribes the criteria for selecting and changing accounting policies, together with the accounting treatment and disclosure of changes in accounting policies, changes in accounting estimates and corrections of errors.
IAS 10 prescribes:
IAS 12 prescribes the accounting treatment for income taxes. Income taxes include all domestic and foreign taxes that are based on taxable profits.
| Date | Tenure | Modality | Venue | CHr |
|---|---|---|---|---|
| 22 Jun | 4 Months | Virtual | Zoom | 60 |
| 15 Jun | 4 Months | Blended | Business Valley - Riyadh | 60 |
Chartered Accountants , Management AccountantsFinance Managers , Chief AccountantsOther finance professionals ,
It is not necessary to have a detailed knowledge of the body of IFRS literature upon initiation of the program, but you should possess a familiarity with financial reporting and accounting principles under IFRS.
International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB) that is becoming the global standard for the preparation of public company financial statements.
The IASB is an independent accounting standard-setting body, based in London. It consists of 15 members from multiple countries, including the United States. The IASB began operations in 2001 when it succeeded the International Accounting Standards Committee. It is funded by contributions from major accounting firms, private financial institutions and industrial companies, central and development banks, national funding regimes, and other international and professional organizations throughout the world. While the AICPA was a founding member of the International Accounting Standards Committee, the IASB's predecessor organization, it is not affiliated with the IASB. The IASB neither sponsors nor endorses the AICPA's IFRS resources website
