International Financial Reporting Standards (IFRS)

Financial reporting has become an integral part of accounting, economics, and politics for listed companies, investors, multinational companies, and the global economy. The International Financial Reporting Standard IFRS training in Dubai develops professionals’ knowledge on international financial reporting and accounting. This IFRS course offers a comprehensive review of the key concepts and guiding principles of financial reporting and their application in the global market. Throughout this IFRS course, professionals build their technical and practical knowledge on the workings, requirements, and benefits of IFRS.

ELIGIBILITY: The IFRS course in Dubai is ideal for professionals looking to develop and enhance their knowledge in financial reporting. Anyone interested in enrolling in this IFRS training course should have:

• 2 years of accounting experience and a relevant degree (attracting at least ACCA qualification exemptions for the Applied Knowledge and Corporate and Business Law (LW) exams)
• 2 years of accounting experience and an ACCA Certificate in International Financial Reporting
• 3 years of accounting experience

CAREER OPPORTUNITIES:

Market Trends: Financial services have become an integral part of almost every company, making financial service professions one of the most lucrative careers. Financial management jobs rank third among the best business jobs in the world. According to a McKinsey report, improving data for more effective financial reports and better decision - making can boost marketing productivity by 15 to 20%. The benefits of financial reporting have widened the career prospects for professionals with IFRS certification in Dubai.

Salary Trends: Controlling and managing finances is one of the most important functions of organizations, encouraging recruiters to seek professionals with experience in financial accounting and reporting. This high level of demand for financial expertise has resulted in a significant increase in their remuneration. In the UAE, the average salary of a financial manager with IFRS certification in Dubai varies from AED 125,383 p.a. and can reach AED 245,952 p.a. depending on experience and industry.

Demand and Opportunities: The organizations have to deal with large finances every day, hence employers are motivated to hire experts in financial reporting to coordinate accounting and produce financial reports, and profit projections. Occupational growth in financial management is anticipated at 15.5% between 2019 and 2029, by the Bureau of Labor Statistics. It was also estimated that over this period, 108,100 new jobs will also be created. As one of the most demanding professions in the market, experts in financial reporting have experienced employment growth as fast as any occupation.

COURSE OUTLINE:

CertIFRS - Certificate in International Financial Reporting

• The nature and operations of the IASB
  • Structure of the IFRSF/IASB
  • Extant standards of the IASB
  • The framework
• 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
  • IAS 18, Revenue
  • IAS 8, Accounting policies, changes in accounting estimates and errors
• Asset recognition and measurement
  • 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 11, Construction contracts
  • IAS 17, Leases
  • IAS 32, Financial instruments - presentation
  • IAS 39, Financial instruments - recognition and measurement
  • IFRS 9 Financial instruments
  • IAS 41, Agriculture
  • IFRS 7, Financial instruments: disclosures
  • IFRS 6, Exploration for and evaluation of mineral resources
  • IFRS 5, Non - current assets held for sale and discontinued operations
• Accounting for liabilities
  • IFRS 2, Share - based payment
  • IAS 37, Provisions, contingent liabilities and contingent assets
  • IAS 10, Events after the reporting period
  • IAS 19, Employee benefits
  • IAS 12, Income taxes
• Group accounting
  • IAS 27, Consolidated financial statements and accounting for investment in subsidiaries
  • IFRS 3 Business Combinations
  • IAS 28, Accounting for Investments in associates
  • IAS 31, Joint ventures
  • IAS 21, The effects of changes in foreign exchange rates
  • IAS 29, Financial 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 key national GAAP and IFRS Proposals for change

• International sources of authority
  • The International Accounting Standards Board (IASB) and the regulatory framework
• Elements of financial statements
  • Revenue recognition
  • Property, plant, and equipment
  • Impairment of assets
  • Leases
  • Intangible assets and goodwill
  • Inventories and construction contracts
  • Financial instruments
  • Liabilities - provisions, contingent assets, and liabilities
  • Accounting for employment and post - employment benefits
  • Taxation in financial statements
  • The effects of changes in foreign currency exchange rates
  • Agriculture
  • Share - based payment
  • Exploration and evaluation expenditures
• Presentation and additional disclosures
  • Presentation of the statement of financial position, income statement, and statement of comprehensive income
  • Earnings per share
  • Events after the reporting date
  • Accounting policies, changes in accounting estimates, and errors
  • Related party disclosures
  • Operating segments
  • Reporting requirements of small and medium - sized entities (SMEs)
• Preparation of external financial reports for combined entities, associates, and joint ventures
  • Preparation of group consolidated external reports
  • Business combinations - intra - group adjustments
  • Business combinations - fair value adjustments
  • Business combinations - associates and joint ventures

KEY TAKEAWAYS:

Upon completion of our IFRS training in Dubai, the candidate will be able to:

• Explain and understand the framework of international accounting
• Ensure that key elements of financial statements are consistent with relevant financial reporting standards
• Apply financial reporting and note disclosure requirements for companies
• Produce consolidated financial statements (including subsidiaries, associates, and joint ventures) for the group
• Analyze the fundamental requirements of IFRS and financial statements

ACCREDITATION:

Our IFRS course in Dubai is accredited by ISO 9001: 2015 and the Knowledge and Human Development Authority (KHDA).

ALUMNI: Our academy graduates of IFRS training courses are successfully placed in some of the top - notch companies in Dubai like Jumeirah, Aramex, Airarabia, Damac, Emaar, etc. They are entrepreneurs, career changers, and lifelong learners.

WHY LEARNER’S POINT:

Being the foremost providers of IFRS training courses in Dubai, we have substantial experience in teaching relevant skills and knowledge.

Our IFRS certification course offers the following advantages:

• Our IFRS training in Dubai is designed based on real - world scenarios, formulating and evaluating practical requirements
• Our IFRS certification course strives to provide a reality check and insight into the requirements of a challenging role and how to fulfill it
• We also provide live interactive sessions and hands - on experience through assignments associated with the actual work environment
• To enhance the learning experience of our students we provide organized group sessions and integrated training modules
• Our discrete approach to career guidance enables our students to get successfully placed in renowned organizations