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International Financial Reporting

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International Financial Reporting

International Financial Reporting is the activity of preparing financial statements for global businesses by using globally accepted accounting principles, standards, and procedure. It validates that financial statements are consistent, comparable, and transparent across countries and industries. The International Financial Reporting Standards (IFRS) are the guidelines accepted globally. It brings uniformity to financial reporting practices for companies, investors, and regulators.

Certification in International Financial Reporting validates your skills and knowledge  in IFRS standards and principles. The certification assess your knowledge on how to prepare, interpret, and audit financial statements as per international guidelines.
Why is International Financial Reporting Certification important?

  • Boosts your career prospects in global accounting, finance, and auditing roles.
  • Shows your skills in using IFRS.
  • Provides you a competitive advantage amongst finance professionals.
  • Increases your credibility on international financial reporting.
  • Validates your understanding of cross-border financial reporting, tax implications, and compliance.
  • Expands your job opportunities in multinational companies.

Who should take the International Financial Reporting Exam?

  • Accountants
  • Auditors
  • Financial Analysts
  • Financial Controllers
  • Chief Financial Officers (CFOs)
  • Tax Advisors
  • Compliance Managers
  • Financial Reporting Managers
  • International Finance Managers
  • Corporate Treasurers
  • Finance Directors
  • Risk Management Professionals
  • External and Internal Auditors
  • Forensic Accountants
  • Investment Analysts
  • Financial Consultants
  • Public Accountants
  • Chartered Accountants
  • International Business Consultants
  • Management Accountants

International Financial Reporting Certification Course Outline
The course outline for International Financial Reporting certification is as below -

 

  • Introduction to International Financial Reporting Standards (IFRS)
  • Framework for Financial Reporting
  • IFRS Financial Statements
  • Revenue Recognition
  • Financial Instruments
  • Leases
  • Consolidation and Group Accounts
  • Income Taxes
  • Foreign Currency Transactions and Translations
  • Employee Benefits and Post-employment Benefits
  • Provisions, Contingent Liabilities, and Contingent Assets
  • Financial Statement Disclosures
  • Changes in Accounting Policies and Estimates

    • International Financial Reporting FAQs

    You have to score 25/50 to pass the International Business Strategy certification exam.

    There will be 50 questions of 1 mark each in the International Business Strategy certification exam.

    You will be required to re-register and appear for the International Business Strategy certification exam. There is no limit on exam retake.

    No there is no negative marking in the International Business Strategy certification exam.

    Yes, this certification is globally recognized and respected by organizations that follow IFRS standards in financial reporting.

    Accountants, auditors, financial analysts, CFOs, tax advisors, and anyone involved in preparing or analyzing financial statements should consider this certification.

    You can directly go to the International Business Strategy certification exam page, click- Add to Cart, make payment and register for the exam.

    International Financial Reporting refers to the use of global accounting standards, mainly IFRS, to prepare financial statements that are consistent, transparent, and comparable across countries.

    This certification helps professionals gain expertise in IFRS, which is crucial for multinational corporations and ensures compliance with international financial reporting standards.