Syllabus Overview

  • The nature and operations of the IASB
  • The status and use of IFRS standards around the world
  • Revenue, presentation and profit
  • Accounting for non-current assets
  • Accounting for assets, impairments and grants
  • Accounting for leases and specialised assets
  • Accounting for financial instruments
  • Accounting for liabilities
  • Group accounting – part 1
  • Group accounting – part 2
  • Disclosure and other Standards
  • Principal differences between IFRS Standards and UK GAAP
  • Current issues in IFRS Standards

General Details

Duration: 8 Sessions Total hours: 24 Hrs

Step 1 – Create your account with Bradford Learning using the Register tab in Main Menu of our website.

Step 2 – Pay the tuition fees through our website.

Step 3 – Pay the Study material fees (Course) directly to ACCA

Step 4 – Receive username and password to access the Cert.IFR e-study material.

Step 5 – Receive invitation to join online live interactive class as per schedule.

Step 6-Receive invitation to our virtual classroom

Degree

 

No specific degree is required, but an educational or vocational background in financial reporting is recommended before starting the Cert IFR.

Work Experience

 

None involved in qualifying, but the qualification is designed to accompany relevant work.

The certificate is assessed by a one-hour exam with 25 multiple-choice questions.

 

The syllabus

1. The nature and operations of the IASB

The origins of the International Accounting Standards Board (IASB®, ‘the Board’)

The structure of the IFRS Foundation

International Accounting Standards (IAS® Standards), and International Financial Reporting Standards (IFRS® Standards) that are currently in issue

The purpose of financial statements – The Conceptual Framework for Financial Reporting.

 

2. The status and use of IFRS standards around the world

A brief summary of the adoption of International Financial Reporting Standards (IFRS® Standards) in different jurisdictions

The growth of the International Accounting Standards Board (IASB®, ‘the Board’) and IFRS Standards

IFRS Standards and small and medium-sized entities.

 

3. Revenue, 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 non-current assets

IAS 16 Property, Plant and Equipment

IAS 40 Investment Property

IAS 23 Borrowing Costs

IFRS 5 Non-current Assets Held for Sale and Discontinued Operations

 

5. Accounting for assets, impairments and grants

IAS 38 Intangible Assets

IAS 36 Impairment of Assets

IAS 20 Accounting for Government Grants and Disclosure of Government Assistance

IAS 2 Inventories

 

6. Accounting for leases and specialised assets

IFRS 16 Leases

IAS 41 Agriculture

IFRS 5 Exploration and Evaluation of Mineral Resources

 

7. Accounting for financial instruments

IAS 32 Financial Instruments: Presentation

IFRS 9 Financial Instruments

IFRS 7 Financial Instruments: Disclosures

IFRS 13 Fair Value Measurement

IFRS 4 and IFRS 17 Insurance Contracts

 

8. Accounting for liabilities

IAS 37 Provisions, Contingent Liabilities and Contingent Assets

IAS 19 Employee Benefits

IAS 12 Income Taxes

IFRS 2 Share-based Payment

 

9. Group accounting – part 1

IFRS 10 Consolidated Financial Statements

IAS 27 Separate Financial Statements

IFRS 3 Business Combinations

 

10. Group accounting – part 2

IFRS 11 Joint Arrangements

IAS 28 Investments in Associates and Joint Ventures

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

 

11. Disclosure and other Standards

IAS 7 Statement of Cash Flows

IFRS 8 Operating Segments

IAS 24 Related Party Disclosures

IAS 33 Earnings Per Share

IAS 34 Interim Financial Reporting

IAS 10 Events after the Reporting Period

IFRS 1 First-time Adoption of IFRS

 

12. Principal differences between IFRS Standards and UK GAAP

 

13. Current issues in IFRS Standards

Convergence of IFRS Standards with US GAAP

Convergence of IFRS Standards with UK GAAP

The work plan of the International Accounting Standards Board

Silver Learning Partner of ACCA

 

Expert  teaching faculty

 

Weekend classes making it flexible for working professionals in the Middle East

 

Assistance will be provided in planning a study schedule.

 

Our tutors shall send weekly assignments to help the student maintain a firm grip over the subject.

 

We will encourage the students to appear for all the mock exams.

 

Short notes prepared by the teacher will be shared after each session.

 

Video recordings of every live session will be shared with the students

 

We strictly monitor the attendance of students and ensure reaching out to the absentees.

 

Bradford offers complete guidance through registration with ACCA for exams and obtaining the certification.

Comprehensive study material developed by our expert tutor.

Fees to ACCA

Standard Course or Assessment Price : £140

 

ACCA Member Course or Assessment Price : £105

You can apply for assessment online at any time during the year

 

Exam registration:

You can apply to do the Certificate in International Financial Reporting online at any time by clicking on the links to registration shown below.

 

You can apply for the Certificate in International Financial Reporting course and assessment together, or apply for the course or assessment only.

Links to Registration:

For the assessment only 

 

When you have paid by credit card, you will get access to the online course and assessments for six months.

We recommend you pay only the course fees to ACCA while starting your studies with us. Later on, once you are fully prepared and ready to take the exam, pay the assessment fees.

You may re-attempt the exam twice with one payment, which are valid over 6 months of accessing the course.

If you do not pass after three attempts, you will need to pay another registration fee to attempt the assessment again, giving you a further three attempts to pass.

 

Exam result:

Cert. IFR is a computer based online exam and you can attempt it anywhere according to your choice.  Results are published immediately once the assessment is completed and you will get the certificate issued by ACCA in your email as soon you pass.

A score of 50 is considered passing out of 100

What are the Certificates in International Financial Reporting and International Auditing?

The Certificate in International Financial Reporting (Cert IFR) offers a broad introduction to the field of International Financial Reporting and International Financial Reporting Standards. It traces the history of the International Accounting Standards Board (IASB) from its early roots through to recent changes and future developments.

 

The Certificate in International Auditing (Cert IA) covers the principles of International Standards on Auditing through online tuition and objective assessment.

 

The qualification is structured in an accessible and user-friendly way that underlines key information and provides useful summaries. It examines and breaks down specific standards topic-by-topic.

 

There are case studies which are based on real-life examples, many exercises, multiple-choice questions and sample answers for students to test their knowledge with as they progress through the course

About the instructor

  • 100+ Students

Bradford Learning Global has a group of competent ACCA instructors that are both subject matter experts and industry veterans. We work with tutors who have created both National and Global rank holders.

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