IFRS – International Financial Reporting Standards Expert Diploma
About this course
This program has the following structure/outline –
| Qualification Name/Title | International Financial Reporting Standards Expert Diploma | |
| Qualification Acronym | IFRS Expert Diploma | |
| Body Overseeing the Award/Qualification | International Accounting Standards Board (IASB) – with the ACCA sourcing the examination
Learning Outcomes are 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
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| Course details | A. International Sources of Authority
· The international accounting standards board (IASB) and the regulatory framework B. Elements of financial statements · Revenue recognition (IAS 18) · Property, plant and equipment (IAS 16) · Impairment of assets (IAS 36) · Leases (IAS 17) · Intangible assets and goodwill (IAS 38) · Inventories (IAS 2) · Financial instruments (IAS 39, IAS 32, IFRS 9, IFRS 7) · Liabilities – provisions, contingent assets and liabilities (IAS 37) · Accounting for employment and post- employment benefits (IAS 19) · Taxation in financial statements (IAS 12) · The effects of changes in foreign currency exchange rates (IAS 21) · Agriculture (IAS 41) · Share-based payment (IFRS 2) · Exploration and evaluation expenditures (IFRS 6) |
1st Segment |
| C. Presentation and additional disclosures
· Presentation of the financial statements (IAS 1) · Earnings per share (IAS 33) · Events after the reporting period (IAS 10) · Accounting policies, changes in accounting estimates and errors (IAS 8) · Fair value measurements (IFRS 13) · Related party disclosures (IAS 24) · Operating segments (IFRS 8) · Reporting requirements of small and medium-sized entities (SMEs) |
2nd
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| D. Preparation of consolidated financial statements, associates and joint ventures (IAS 27, IAS 28, IAS 31, IFRS 3, IFRS 10, IFRS 11)
· Preparation of group consolidated financial statements · Business combinations – intra-group adjustments · Business combinations – fair value adjustments · Business combinations – associates and joint ventures |
3rd
Segment |
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| Other Information about the Qualification |
Useful Facts and Requirements for the Qualification · Candidates are expected to have three years’ relevant accounting experience or 2 years of accounting experience with an ACCA Certificate in International Financial Reporting · The examination is assessed by a single three-hour, 15 minutes written exam. Candidates need to achieve 50% or above to successfully pass the paper. The exam is held twice a year – in June and December at ACCA’s exam centres. The exam is split into 4 x 25 marks questions.
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| Qualification Levels Scheduling & Price Information | ||
| Qualification Level Run Dates | The courses for each qualification segment or part (A -D) are offered within each semester. The semesters start at the months of September, January, May and July each year. Please contact the EMBT Admissions Office (admissions@embt-college.org) for specific start dates.
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| Course Duration | Each IFRS course segment runs for approximately 4 – 6 weeks of the semester.
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Qualification Delivery Approach
The Qualifications are delivered via instructor-led sessions, held in one of three modes – online, on-site or blended. Emphasis is placed on the use of topical case studies and relevant simulations to impart practical knowledge and team-building expertise. Sessions will involve a mix of instructor presentations and case study work, with supporting classroom discussions.