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HOW TO GET CERTIFIED IN INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)

<br>International Financial Reporting Standards, commonly called IFRS, are accounting standards that are issued by the IFRS Foundation.<br>Simandhar Education is India's Most Trusted Training Institute In Platforms for Diploma International Financial Reporting Standards (IFRS) Certification.We are Channel Partner of AICPA and Official partners of Becker Professional Education.<br>visit: https://simandhareducation.com/course/ifrs<br>Contact:7780273388, Mail: info@simandhareducation.com<br>

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HOW TO GET CERTIFIED IN INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)

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  1. HOW TOGETCERTIFIEDININTERNATIONALFINANCIAL REPORTINGSTANDARDS(IFRS)? • InternationalFinancial ReportingStandards,commonlycalledIFRS,are accountingstandardsthatareissuedbytheIFRSFoundation. TheIFRS course offered bythe Association ofCharteredCertified Accountants(ACCA)isoneof the most appreciatedandrespectable qualificationsacrosstheglobe. • ThediplomacoursebyACCAisdesigned mainlyto developone’sknowledgeand understandingofIFRS.Theothermainobjectives ofthiscourseare: • Toapplyrelevantfinancial reportingstandardsforthekeyelementsof financialreports. • To preparefinancialstatements whichincludesubsidiaries,associatesand • joint arrangementsbutthisexcludesgroupcashflowstatements. • ToIdentifyassetsandliabilitiesrecognition criteria. • Tounderstandthe roleoffinancial reporting. • Whatis the eligibilitycriteriaforDipIFRcourse? • Suppose youarequalifiedaccordingtonational accountingstandardsand area professional auditororaccountantwho worksin practice or business. Inthatcase,youare eligible totake thisACCAIFRScourse. • Although, ifyouareworkinginpractice, but notyetqualified,then you may still be eligible. Youwill havetoprovethatyouhaveanyoneofthe • followingrequirements: • Twoyears’relevantaccountingexperienceandan ACCACertificatein InternationalFinancialReporting • Threeyears’relevant accountingexperience • ACCAaffiliatestatus

  2. IFRSCOURSEDETAILS: Athree-hourexam determinestheDiplomainInternationalFinancialReporting (DipIFR),15 minuteswrittenexamination.You needtoachieve50%oraboveto get throughthepapersuccessfully.Thisexamisheldtwice a yearwhichismostly inJune andDecemberat ACCA’sexamcentres. The exam requiresboth calculations andwrittenanswers. There aretwosections ofthepaperwhichare dividedandmarked as follows: SYLLABUS: The maintopicsthat wouldbetestedfortheDipIFRexamare asfollows: Internationalsources of authority Elementsof financialstatements Presentationof accountsandadditionaldisclosures Preparation ofexternalreportsforcombinedentities,associatesandjoint arrangements. TOTAL COSTOFTHE IFRS DIPLOMACOURSE: The total costoftheIFRScourse rangesmostlyfrom15Kto 20K.The additional cost ofthebookswouldbearound3000& the cost tositforthe examwill be around17Kwhichcan getreduced byACCA’soffers.

  3. SALARY: • IFRSprofessionalsworkinginsomeofthetop global auditing firmsearna starting annualpackageofRs8lacstoRs15lacsperannum.Otherreportsshowthat most of the accountingconsultantsspecializedin IFRS workinIndia have an average salaryofRs15lacstoRs16lacsperannum,anditcanshootupto19lacsalsoin afew cases. • AfteryourspecializationinIFRSfor6-8years,yougainmore experiencewithin thisperiod, and youcanexpect a salaryinthe rangeofRs20-25lacsperannum. • WHAT ARETHEADVANTAGESOF THEIFRS COURSE? • AstheimplementationofIFRShas already startedin India,thedemandfor peoplewhoareskilledinit isgoingtoincreaseinthenextfewyears. You canget attractive salarypackages ifyouhave a certificationinIFRS. • Gettingcertifiedandhavingtheskillswillplaceyouina greatpositionto getopportunities toworkwithsomeof the toporganizations. • Thereisa demandforIFRSprofessionalsacrossthefinancialand banking • industry. They need skilled professionals who can implement IFRS in their financial reporting. With a certification, you can improve your chances of a promotionorgettingabetter position. • As an IFRS expert, you can start a successful career in the financial educationindustry.Thisisa lucrativeindustry,and youcanalways joinas • an expert ininstitutionsofferingIFRS courses. • CONCLUSION: • Havinga certification alwayshasitsadvantages, andifyouarelookingtostart a career as afinancemanager,anIFRScertificationcanreallyhelpyou. • Large and/orMultinational companiesusuallypreferhiring peoplewhoare alreadyskilled inIFRS. • IFRSknowledgewill be mandatoryevenfor thesmallercompanies, sothis • coursewoulddefinitely be anadvantage. • Ifyouknow basic accounting,learningIFRSisnotverytough. Youcan learn onestandardat atimeand focusonthoserelevanttoyourbusiness. • Orathree-monthIFRScoursecan giveCAs,accountantsandotherfinancial professionals aperfectwaytoprepareforthefuture.

  4. SIMANDHAREDUCATION Simandharistheofficial partnerofBeckerandAICPA– LargestTrainingprovider forUSCPA, USCMA, IFRSandEA,HRCIcoursesinIndia. LearnhowtoclearyourIFRSexamswithextremelysatisfying resultsby getting properguidanceandknowledgethrough ouronline coursesandvideotutorials taughtbyindustryExperts.Wearejust acall awayforanyassistance.Simandhar Educationistheleadingtraining providerfortheIFRSOnlineTraining. Contactus@91 7780273388.

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