If you are a finance professional who is not already knowledgeable about the details of International Financial Reporting Standards (IFRS), this qualification has a fast and efficient solution to meet your needs. If you need to develop a wor
DurationIf you are a finance professional who is not already knowledgeable about the details of International Financial Reporting Standards (IFRS), this qualification has a fast and efficient solution to meet your needs. If you need to develop a working knowledge of the area, the DipIFR can help prepare you.
International Financial Reporting Standards (IFRS) are mandated in more than 100 countries worldwide. All listed companies in the European Union (EU) have to prepare consolidated company accounts that comply with IFRS. It also affects associates and subsidiaries of EU-listed companies.
Other countries such as Australia, Hong Kong and South Africa have already adopted IFRS or equivalents as their local Generally Accepted Accounting Principles (GAAP). And many other countries around the world, including India, are moving towards applying IFRS, which is having a significant impact on financial reporting.
Objectives:
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.
On completion of the Diploma candidates should be able to:
- 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
- Prepare group financial statements (excluding group cash-flow statements) including subsidiaries, associates and joint arrangements.
AAA, The Accountants & Auditors Association (AAA) is the national accountancy body of the United Arab Emirates. It is a not-for-profit organization which has taken keen strategic steps to develop and helped in growing the finance and accountancy profession across UAE. It follows the best global practices and works actively with several authorities to propose accounting and auditing standards in the country.
Accountants And Auditors Association was established in 1997 with an ambition to build the capacity of the national accountancy and finance profession across UAE.
In this comprehensive program, we offer a blend of theoretical knowledge and practical application to ensure you grasp the core concepts of financial accounting and reporting.
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