Advanced Diploma in International Financial Reporting Standards
Accreditation Review Date
Mar 31, 2015
Guided Learning Hours (GLH)
75
Accreditation Number
ADIFRS
Level
Level 7
Overview
International Financial Reporting Standards (IFRS) are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries. They are a consequence of growing international shareholding and trade and are particularly important for companies that have dealings in several countries. It also facilitates companies involved in international mergers and acquisitions. International Financial Reporting Standards are progressively replacing the many different national accounting standards. IFRS began as an attempt to harmonise accounting across the European Union but the value of harmonisation quickly made the concept attractive around the world. They are sometimes still called by the original name of International Accounting Standards (IAS). IAS were issued between 1973 and 2001 by the Board of the International Accounting Standards Committee (IASC) took over by International Accounting Standards Board (IASB)
Who is this qualification for?
The qualification is open for students who completed a professional qualification at post graduate level or post graduates and undergraduates with a minimum of two years’ experience. The learners are advised to have a very thorough understanding of accounting and a strong passion for finance.
This qualification has been developed for learners in India but may also be of considerable benefit to those in other countries. Those training institutions outside India that may be interested to be accredited to provide courses leading to this qualification should in first instance email their enquiry to india@intaap.org
Specifications
Unit 1- IASB and regulatory framework
Unit 2- Adoption of IFRS
Unit 3- Conceptual framework for financial reporting
Unit 4- Presentation of published financial statements
Unit 5- IFRS in the global and regional scenario
Unit 6- Accounting for tangible and intangible assets
Unit 7- Reporting financial performance
Unit 8- Revenue recognition, provisions and contingencies
Unit 9- Accounting for leases and taxations
Unit 10- Financial instruments and Earnings per share
Unit 11- Statement of cash flows and segment reporting
Unit 12- Consolidated statement of financial position and comprehensive income
Unit 13- Accounting for associates and joint ventures
Unit 14- Specialized standard for share based payment and employee benefits
Unit 15- Foreign currency translation
