We offer a range of ACCA courses on International Financial Reporting, including the Certificate in International Financial Reporting.
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.
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, and many exercises, multiple-choice questions and sample answers for you to test your knowledge as you progress through the course.
- 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.
The online course includes all the study materials you will need, although students will benefit from having a copy of the International Accounting Standards Board’s (IASB) International Accounting Standards book, which you can order from the IASB website in the Related links list on the left-hand side of the page.
If you are already applying International Financial Reporting Standards (IFRS) at work and want formal recognition of your skills, you can apply to only take the online CertIFR assessment. If you do not need certification, but want extra knowledge in the field, you can choose the course only.
You can apply online at any time. When you have paid by credit card, you will get access to the online course and assessments for six months. 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 multiple-choice questions.
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.
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. 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 assets and liabilities – part 1
- IAS 16, Property, plant and equipment
- IAS 38, Intangible assets
- IAS 40, Investment property
- IAS 36, Impairment of assets
- IAS 23, Borrowing costs
- IAS 20, Accounting for government grants and disclosure of government assistance
- IAS 2, Inventories
- IFRS 16, Leases
- IFRS 5, Non-current assets held for sale and discontinued operations.
5. Accounting for assets and liabilities – part 2
- IFRS 13, Fair value measurement
- IAS 32, Financial instruments: presentation
- IFRS 9, Financial instruments: recognition and measurement
- IFRS 7, Financial instruments: disclosures
- IAS 37, Provisions, contingent liabilities and contingent assets
- IAS 10, Events after the reporting period
- IAS 19, Employee benefits
- IAS 12, Income taxes
- IFRS 2, Share-based payment
- IAS 41, Agriculture
- IFRS 6, Exploration for and evaluation of mineral resources.
6. Group accounting
- IFRS 10, Consolidated financial statements
- IAS 27 (revised 2011), Separate financial statements
- IFRS 3, Business combinations
- IAS 28 (revised 2011), Investments in associates and joint ventures
- IFRS 11, Joint arrangements
- 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.
7. Disclosure standards
- IAS 7, Statement of cash flows
- IAS 24, Related party disclosures
- IAS 33, Earnings per share
- IAS 34, Interim financial reporting
- IFRS 4, Insurance contracts
- IFRS 1, First time adoption of IFRS
- IFRS 8, Operating segments.
8. Principal differences between UK/US GAAP and IFRS
9. 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 (IASB®, ‘the Board’).
You can apply to do the Certificate in International Financial Reporting online at any time by clicking on the register now link in the related links list on the left-hand side of the page.
The course materials and assessment for the Certificate in IFRS are available together for £235 or separately at a cost of £130 each.
ACCA members receive a discount for the Certificate. The course materials and assessment are available together for £175 or separately at a cost of £95 each. The discount is applied automatically when members register online with a valid credit or debit card and enter their ACCA membership number.
Employers or tuition providers who wish to offer CertIFR to multiple users may qualify for contract pricing which makes CertIFR particularly cost effective. The best rates are reserved for Approved Employers and Approved Learning Partners. These rates are not automatically applied. To make an order or enquire about discount pricing please email firstname.lastname@example.org.