IFRS Certification Course by IMS Proschool: Fee, Duration, How to Apply

Quick Facts

particular	details
Medium of instructions English	Mode of learning Self study, Virtual Classroom +1 more	Mode of Delivery Video and Text Based	Frequency of Classes Weekends

Course overview

The International Financial Reporting Standards (IFRS) are accounting principles and standards set by the IASB (International Accounting Standard Board). There is a huge demand for skilled IFRS professionals due to ongoing amendments in these principles. The IFRS course by Proschool aims to prepare you for the Certificate in IFRS/Diploma in IFRS.

There will be three study options to join the course – classroom programme, self-study and live online training. You can study from the IFRS programme by choosing one of the options. In the offline mode, you will get three months of training, books, group learning provision, learning resources, etc.

In the case of self-study, you will get high-quality study material, one year of Learning Management System Access, and more facilities. By choosing the live online IFRS training, you will learn through recorded sessions, 55+ hours of live interactive classes, 15 hours of Dip IFRS tutorials, and face-to-face doubt clearing with experts. The course is developed in association with the NSE Academy.

Course and certificate fees

certificate availability

Yes

certificate providing authority

ACCA +1 more

Who it is for

Chartered accountant Company secretary

The IFRS Certification course is primarily intended for:

Graduates who want to enhance their accounting knowledge and stand out from the competitors
Qualified professionals and non-accounting professionals, including Company Secretaries (CS), Certified Financial Planners (CFPs), MBA and Chartered Financial Analysts (CFAs)
Accounting professionals and young IPCC (Integrated Professional Competence Course)/CA candidates

Eligibility criteria

The IFRS certification is jointly certified by the IMS Proschool, National Skill Development Corporation (NSDC), and the NSE Academy. You will only receive this credential after you complete the course and its internal assessments.

What you will learn

Financial management

By the time you complete the IFRS syllabus, you will be able to:

Prepare group financial statements (except group cash-flow statements) including joint arrangements, associates, and subsidiaries according to IFRS
Implement financial reporting standards to important components of financial reports

The syllabus

The nature and operations of the IASB

Structure of the IFRSF/IASB
Extant standards of the IASB
The frameworak.

The status and use of IFRSs around the world

The use of IFRS around the world
The IASB roadmap
The annual IASB bound volume and its use.

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.

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
IAS 17, Leases
IFRS 5, Non-current assets held for sale

Accounting for assets and liabilities - part 2

IFRS 13, Fair Value Measurement
IFRS 32, Financial instruments - presentation
IFRS 9, Financial instruments
IFRS 7, Financial instruments: disclosures
IFRS 2, Share-based payment
IAS 37, Provisions, contingent liabilities & assets
IAS 10, Events after the reporting period
IAS 19, Employee benefits
IAS 12, Income taxes
IAS 41, Agriculture
IFRS 6, Exploration for and evaluation of mineral resources

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 & 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, Reporting in hyperinflationary economies

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.

Principal differences between UK/US GAAP, IFRS & Ind-AS

Admission details

Step 1 – Go to the IFRS certification programme page on Proschool’s website by visiting the official site on the course page.

Step 2 – There will be an ‘Enroll’ button on the top. Click on it to register or sign in to the portal.

Step 3 – Hit the ‘Register’ button to reach the application form.

Step 4 – Fill out the complete details and tap the ‘Register’ button at the end of the webpage. You will now reach an enrollment page.

Step 5 – Opt for the IFRS Certification Course from the drop-down menu. Also, choose the variant, add a discount voucher (if any) and tap the declaration radio button. Then, proceed to the payments page by clicking the ‘Enroll Candidate’ button.

Step 6 – Enter the details and make the course fee payment to enrol in the IFRS training by Proschool.

Filling the form

IFRS programme application form requires you to enter your contact number, full name, father’s name, nationality, name on Aadhaar, gender, email address, and date of birth. You must also specify the preferred learning mode, current profile, and highest qualification.

Furthermore, you must provide your full address along with your city, district, state, country, and pin code. Finally, you can register for the IFRS Certification programme after creating a new login password.

How it helps

Studying IFRS from the IFRS course will open up several career paths in top sectors. These include software, auto spare parts, auditing, ITeS, pharmaceuticals, KPOs, banking, professional advisory, insurance, etc.

The knowledge, skills, and experience you gain from the IFRS Certification Course by Proschool can also help you establish your consultancy firm. You will be able to help companies migrate to IFRS. Moreover, you will receive a revered certificate after completing the course that will enhance your employability chances worldwide.