Certificate in IFRS-ACCA​

International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB). They constitute a standardized way of describing the company’s financial performance and position so that company financial statements are understandable and comparable across international boundaries. They are particularly relevant for companies with shares or securities publicly listed.

IFRS Standards are required or permitted in 132 jurisdictions across the world, including major countries and territories such as Australia, Brazil, Canada, Chile, the European Union, GCC countries, Hong Kong, India, Israel, Malaysia, Pakistan, Philippines, Russia, Singapore, South Africa, South Korea, Taiwan, and Turkey.

To assess progress towards the goal of a single set of global accounting standards, the IFRS Foundation has developed and posted profiles about the use of IFRS Standards in individual jurisdictions. These are based on information from various sources. The starting point was the responses provided by standard-setting and other relevant bodies to a survey that the IFRS Foundation conducted. As of August 2019, profiles are completed for 166 jurisdictions, with 166 jurisdictions requiring the use of IFRS Standards.

This financial reporting course offers a broad introduction to the field of International Financial Reporting and International Financial Reporting Standards (IFRS). It traces the history of the International Accounting Standards Board (IASB) from its early roots through to recent changes and updates and future developments.

Course objectives

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.

How It Works

The online course includes all the study materials and learning resources you will need. You can apply CertIFR at any time. Students need to make payment and provide necessary documents in order to get access to the online course and assessments. This course has a validity of six months, so students who joined for the course will have to complete the course with in the time period for the certification. Typically, a student should take 20 hours to work through the course. Studying for another qualification as an ACCA member, can count towards your continuing professional development (CPD). The certificate is assessed by a one-hour exam with 25 multiple-choice questions with no negative marking.

The pass mark is 50%

The fees cover two attempts to re-sit the assessment if you fail but must be taken within six months of accessing the online 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.