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IFRS Certification Training
This instructor-led online IFRS Certification (International Financial Reporting Standards) Training in Nigeria equips you with the practical skills needed to implement global standard accounting with confidence. Acquire knowledge of the conceptual framework of IFRS and financial reporting princi
IFRS Certification Training in Nigeria
Expert ACCA Certified Trainers
Personalized Doubt Clearing Support
Comprehensive Study Materials
Focused Exam Preparation Guidance
COURSE OVERVIEW
This IFRS (International Financial Reporting Standards) Certification Training is designed meticulously to help you master international accounting practices with practical skills. Learn about conceptual framework of IFRS, purpose, and qualitative characteristics of financial reporting. The course enables you to understand how to make financial statements as per IAS 1 and develop well-structured and compliant reports.
You will obtain an idea about revenue recognition as per IFRS 15 and ensure that you are aware of how to recognize revenues in different contract scenarios. Find out about lease accounting in IFRS 16, manage right-of-use assets and lease liabilities easily. Your learning also covers the classification and measurement of financial instruments under IFRS 9, which includes equity, debt instruments, and derivatives, to facilitate transparent reporting. Study impairment of assets in IAS 36 to estimate and report the recoverability of assets.
The course also includes business combinations under IFRS 3 so that you can record mergers and acquisitions. Gain some experience in the preparation of consolidated financial statements in accordance with IFRS 10, the group accounts, and non-controlling interests without difficulties. You can work with the accounting of employee benefits, IAS 19, to record short-term, post-employment, and other long-term employee benefits.
Furthermore, the reporting of taxation by the IAS 12 enhances your understanding of the computation of current and deferred tax. The module on IAS 37 covers provisions, contingent liabilities, and assets, enabling you to report on the company's obligations in a transparent manner. The training also dives into IFRS 2 share-based payments, training you to account for employee remuneration plans.
Additionally, to prepare for the examination, you can access organized study programs, interactive practice questions, case studies of real-life situations, and exclusive doubt-resolving sessions.
By the end of the course, you will be able to interpret, apply and report financial statements under international IFRS standards and improve your knowledge in accounting and reporting with regards to international compliance requirements.
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COURSE OBJECTIVES
- Understand the conceptual framework of IFRS in developing a robust set of international financial reporting standards.
- Learn about the presentation requirements of financial statements as outlined in IAS 1 to report correctly and comply with the requirements.
- Become a professional in the revenue recognition concepts of IFRS 15 to capture income under different contracts without fear.
- Learn about the lease accounting under the IFRS 16 to recognise and measure leases.
- Gain proficiency in the classification and measurement of financial instruments under IFRS 9 to have a transparent reporting of investments and derivatives.
- Study the accounting impairment of assets, IAS 36, to determine and report impairment of assets.
- Learn business combinations reporting under IFRS 3 to record mergers and acquisitions without any trouble.
- Discover how to prepare consolidated financial statements under IFRS 10 to have more clarity on group reporting.
- Study accounting employee benefits using IAS 19 to report the short and long-term obligation benefits.
- Learn how to report taxes as per IAS 12 to get the correct amount of current & deferred taxes and disclose them.
TARGET AUDIENCE
- Finance managers
- Accountants
- Tax professionals
- Auditors
- Accounting students
ELIGIBILITY CRITERIA
- Fundamental knowledge of accounting principles.
- Understanding of the fundamentals of financial reporting.
- A degree in finance, accounting, or a similar field.
- Expertise in financial statement preparation or auditing.
- Knowledge of general accounting principles.
Course Outline
COURSE MODULES
Presentation Standards
- Disclosure requirements basics
- IAS 1 reporting rules
- Financial statement formats
IFRS Framework Basics
- Key principles understanding
- IFRS objectives overview
- Standards structure review
Lease Accounting
- Measurement techniques
- IFRS 16 lease basics
- Presentation requirements
Revenue Recognition
- Contract revenue treatment
- IFRS 15 core concepts
- Practical application cases
Business Combinations
- Goodwill calculation steps
- IFRS 3 acquisition method
- Consolidation basics
Financial Instruments
- Measurement and impairment
- IFRS 9 classification
- Hedging overview basics
Employee Benefits
- Measurement approaches
- IAS 19 benefit types
- Disclosure requirements
Provisions And Liabilities
- Contingent liabilities overview
- IAS 37 recognition rules
- Practical examples review
Taxation Standards
- Deferred tax treatment
- IAS 12 tax basics
- Reporting tax disclosures
ABOUT THE CERTIFICATION & EXAMINATION
About the Certification
The IFRS Certification, specifically the Diploma in IFRS (DipIFR), is offered by ACCA in accordance with the standards set by the IFRS Foundation. It is a globally accepted certification that qualifies you to know the application of the IFRS standards in the proper manner to carry out transparent and consistent financial reporting for international organisations. It is perfect for professionals who want to improve their global accounting reputation and work in organizations that apply IFRS.
The certification adds value to your career since it offers you a chance to work as a financial reporting specialist, IFRS accountant, audit manager, compliance officer, or finance controller in global firms. It also forms a good basis for undertaking higher credentials like membership of ACCA, CPA or Chartered Financial Analyst (CFA) to gain more knowledge in accounting and finance.
Moreover, the banking, insurance, consulting, manufacturing, and financial services industries are actively hiring IFRS-certified professionals to facilitate compliance with their regulations and uniform reporting requirements.
About Examination:
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Choose Your Preferred Mode
ONLINE TRAINING
- Instructor-led Online Training
- Experienced Subject Matter Experts
- Approved and Quality Ensured Training Material
- 24*7 learner assistance and support
CORPORATE TRAINING
- Customized Training Across Various Domains
- Instructor-Led Skill Development Program
- Ensure Maximum ROI for Corporates
- 24*7 Learner Assistance and Support
FAQ’s
How does IFRS Certification Training help professionals?
The IFRS Certification Training course provides in-depth knowledge of the International Financial Reporting Standards (IFRS) and their principles, application, and disclosure requirements, aiming to make financial reporting globally consistent and transparent.
What are the pre-requirements of the IFRS Certification Training?
In general, learners are expected to have some background in accounting or finance, such as a degree in B.Com, be a member or affiliate of the CA, ACCA, or have prior work experience in financial reporting, to follow the course content.
What are the key topics of the IFRS Certification Training course?
The course provides an overview of IFRS, including the presentation of financial statements, revenue recognition, leases, financial instruments, business combinations, consolidated financial statements, employee benefits, income taxes, and disclosure standards.
How can learners get IFRS certified?
To be certified, learners are required to undergo in-depth training, prepare thoroughly, and then take the ACCA Diploma in IFRS (DipIFR) exam, which is held twice a year. A score of 50 percent or above is required to obtain certification.
What does the exam preparation for this certification involve?
The preparation for the exam consists of instructor-led training, studying the IFRS standards, practice questions in the form of MCQs, scenario-based questions, and working on old exam papers to gain confidence in application-based questions.
How is the Diploma in IFRS certification exam structured?
The DipIFR is a three-hour, fifteen-minute, multiple-choice, computer-based test that covers the analysis of real-world situations and numerical calculations. Additionally, it assesses the knowledge of concepts and the practical application of IFRS standards.
What is the level of the IFRS certification, and is it beginner-friendly?
The IFRS certification is not an entry-level course, but rather an intermediate or advanced-level course that requires the candidate to have some prior knowledge of accounting. Absolute beginners in finance or accounting might face challenges understanding the content effectively.
Is the IFRS certification accepted worldwide?
Yes, the IFRS qualification, particularly the ACCA Diploma in IFRS, is recognized and highly valued by employers in multinational companies, auditing firms, and financial institutions worldwide.
What are the job opportunities available upon acquiring this certification?
Work positions include IFRS reporting specialist, financial reporting analyst, audit manager, compliance officer, finance manager, financial controller, and statutory reporting positions in multinational organizations.
What are the ways through which Vinsys helps learners in the IFRS Certification Training?
Vinsys provides expert-led assistance, study schedules, case study-based discussions, and current study materials aligned with the DipIFR syllabus, as well as exclusive exam preparation support, to ensure learners are well-prepared to pass the certification exam.
Why Vinsys
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Reviews
I have always been uncertain about how IFRS standards are applied in actual reporting, but this course has effectively clarified all my confusion. The instructor at Vinsys illustrated every standard using real-life examples, and the manner in which they associated ideas to real financial statements made it so simple to comprehend. I also appreciated the frequent practice tests and case studies, which helped me feel confident while studying for the DipIFR exam.
Abubakar ChineduFinance managers
I must admit that I was expecting a difficult time learning IFRS, but Vinsys made it so easy following its systematic method. These were participatory sessions, and the faculty was highly skilled. I am an employee of an audit firm, and I am now more knowledgeable about discussing IFRS adjustments with my team after this course. Their preparation for the exams was also quite intense, with mock tests and revision classes, which helped me revise quickly.
Muhammed AdemolaAccountants
I enrolled in an IFRS certification course with Vinsys to improve my knowledge of global accounting, and it was worth it. The trainer explained each standard and provided some guidance on how questions are formulated in tests. Their doubt-solving sessions, one after another, were my favorite, though, because I could ask questions about the particular concepts I couldn't grasp during self-study. I am now confident in using these standards in my current reporting activities.
Joseph BelloTax professionals
What I liked most about the IFRS course of Vinsys was their practical approach to teaching. We not only worked with theory but with real-life financial statements to understand how IFRS is used in companies. The learning materials were current and could be revised easily in preparation for the examination. I strongly recommend this course to all individuals interested in passing the DipIFR exam and enhancing their accounting career prospects worldwide.
Umar MichealAccounting students
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