myCPE
myCPE

Certified IFRS Professionals (IFRS)

Gain a competitive edge with in-depth skill focused program

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Last Updated

October, 2024

CPA in Canada, CPA/CFF, CIA
22 Hours 
On Demand
Included with Subscription

Why Professionals Trust Our Advance Certification Programs

  • Access to cutting-edge industry knowledge and practices.
  • Comprehensive training designed to meet professional needs.
  • Fulfill compliance requirements while acquiring valuable skills.
  • Ongoing updates to course content for relevant industry trends.
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certificate
certificate

What You’ll learn

The world of finance is organizing itself for a global revolution with IFRS. Ensure you are a part of the global workforce with key knowledge and skills to apply theoretical framework to the financial statements and their interpretation. Broaden your horizon with the 25 years of experience and rich IFRS practice from Michael Morley, and distinguish yourself as a professional who is proficient in a complex area.

Get Deeper Understanding of:

  • An overview of key IFRS definitions and concepts
  • Fundamental principles of IFRS across a range of accounting topics
  • Accounting impact of the latest standards and amendments
  • Apply fair valuation principles to financial statements
  • Understand different types of leases and their classification

Recommended For:

  • CPAs, CVAs, CMAs, IAP, QIAL, CIA, and CFEs who desire to help their clients in remaining compliant with IFRS.
  • CPAs in Canada who are interested in learning about fundamentals of IFRS.
  • Any current or aspiring Accounting Professionals who want to have a long and promising career in IFRS and compliance to IFRS.

Why become a Certified IFRS Professional with myCPE?

Resources included

  • Handout PDFs for every Module
  • Glossary/Key Terms for every Module
  • Q&A directly with instructors.

Career Opportunities

  • Business Finance Manager
  • Financial Controller
  • Financial Reporting Manager
  • Tax Consultant
  • Manager: Business Valuation
  • IFRS Specialist

Value Addition to your skills

  • Analytical Thinking
  • Decision making skills
  • Valuation Skills
  • Business Acumen
  • Risk management
  • Financial reporting

Courses

Course Title Time
2 Hours
  • To be acquainted with the latest information regarding the First-Time adoption of IFRS
  • To build the initial IFRS Balance Sheet
  • To prepare the GAAP-IFRS transitional statement
2 Hours
  • To underline the recognition and fair value measurement rules for share based payments
  • To discuss the disclosure requirements related to share based payments
  • To identify the impact on Financial statement reporting and presentation
2 Hours
  • To analyze concepts and rules for mergers and acquisitions.
  • To identify what information to disclose to enable users of the financial statements
  • To recognize the exceptions to recognition and measurement principles in business combinations
2 Hours
  • To recognize how to first record the acquisition of long-lived assets
  • To identify how to work out the allocation of the cost of fixed assets over future reporting periods
  • To recognize the unique disclosure and presentation requirements of IFRS for Fixed Assets
2 Hours
  • To review the financial reporting requirements as per IFRS Standard #6
  • To identify the valuation methods for assets and liabilities
  • To identify the amount to be recognized for income and expense
2 Hours
  • To be able to initially measure financial instruments and the subsequent measurement of financial assets and liabilities
  • To explore how to apply the fair value option
  • To implement the derecognition of financial assets, liabilities, derivatives, and embedded derivatives
2 Hours
  • To discover how IFRS 13 simplifies Fair value Measurement
  • To explore commonly used valuation techniques
  • To explore examples of how IFRS 13 affects financial instruments, intangibles, non-financial assets, and liabilities
2 Hours
  • To recognize the objective of IFRS for Construction Contracts
  • To discuss about the nature, amount, timing and uncertainty of revenue and cash flows arising from a contract with a customer
  • To explain how assets are recognized with a contract with a customer
2 Hours
  • To identify the circumstances in which these recognition criteria will be met
  • To assess the amount at which revenue is recognized.
  • To discuss the unique disclosure and presentation requirements of IFRS 15
2 Hours
  • To recognize the differences in leases
  • To be able to classify leases.
  • To discuss the required disclosures of IFRS 16
2 Hours
  • To identify the different types of leases
  • To review the differences for lessees and lessors
  • To know the required disclosures of IFRS 17
Disclaimer : Before attending any course, please verify that the credit details align with your qualification requirements. This certificate is designed to help you acquire new skills and knowledge, which may or may not fulfill specific compliance criteria. While we have made every effort to ensure our courses adhere to compliance standards, we recommend reviewing the details to confirm applicability for your needs.

Instructors

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Frequently Asked Questions

This course will cover IFRS 1, 2, 3, 5, 6, 9, 13, 15, 16, and 17 with their scope and applicability, exceptions, disclosure requirements, financial statement presentation, and practical examples to help develop and understanding of the process and requirements of switching over to IFRS from GAAP.

With the 25 years of rich experience from the learned speaker Mike Morley, guidance from the speaker offers basic to expert level understanding for the professionals in accounts, finance, and tax. You can use the learnings from reporting mandates, and compliance to find a new horizon for your clients.

Certificate course is created by a qualified and experienced instructor(s). myCPE Certificate Courses includes Self-study Courses. Most of the courses are in the form of On-demand Videos. The Self-study Video courses in Certificate courses may be Live recorded presentations converted into Self Study (On-Demand Videos).

You can take your time and attend the course at your own pace. You can take exam unlimited time. So, don’t worry, if you are not able to pass an exam. You will be getting a chance to attend the exam again.

After completion of each course of this Certification Programs, you will be able to download a certificate with the course title and number of hours. Certificates, as well as your study records, are stored for life and you can access them anytime. Certificates are valid proof for your continuing education credits and you can also add it as an additional designation.

Once you register you will have complete access to all the courses of this Certification Programs. The self-study format allows you to access the material online 24x7 and study at your own pace.

As per NASBA guidelines, you have one year from date of purchase of your certificate to complete each program. After completion of each course, you can attend final exam any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.

Course have minimum passing score of 70% in the final exam and you can take multiple attempts of the said exam.

Our video player tracks & stores the watch time and will show you in the progress bar. But you make sure that you don’t fast forward or manually try to move the progress bar. If you have fast forwarded the video or tried to manually move the progress bar of the video. System wouldn’t capture your watch time. So please, let the video go on its own. However, being on-demand video you can pause and play and whenever you want and you can watch it in pieces. It will pick up from where you left off. So, for a self study courses you will have to
1. Complete the entire video 100%.
2. Answer all the review questions correctly. The review questions are at the bottom of the same page where you are viewing the course video.
3. Once you have watched the whole video and answered all the review questions, the Final Quiz will open up. You need to score more than 70% in the Final Quiz to avail your CPE credit. Multiple attempts are allowed for submitting Review and Final Quiz questions.
4. Once you have completed the Review and Final quiz questions, you shall be able to download the credit certificate from the ‘My Certificates’ section. Kindly ensure you have allowed Multiple File download from your web browser to download all certificates.
5. You can download individual certificate from your "Account" as well as from this page once you complete a particular courses. Also, you can download "Consolidated Certificate" from the package page or from your account.

A Self-study course is a recorded video (If it’s a recording of a live course you may see polling questions appearing on the screen. You do not need to answer the polling questions and just let the video play). Do not fast forward. If you fast forward, we may not be able to capture your watch time and you may be required to watch it multiple times. In order to avail your credits for the self-study course, you need to answer the review questions correctly and complete the entire video. Once you have done that, the Final Quiz will open up in which you need to score a minimum 70% to qualify for the credit. You can attempt multiple times for answering the review questions and Final quiz questions. Once you have completed the Review and Final quiz questions, you shall be able to download the credit certificate from ‘My Certificates’ section.
If neither of the above cases works, please drop an email to support@my-cpe.com or contact our support team through live chat support.

The evaluation form will be sent to attendees in the next 24 hours after passing the final quiz with at least 70% marks. Kindly note that the evaluation form will only be available to attendees who remained logged in till the end of the course and answered all the polling questions.

MY-CPE LLC is PCI Compliant - Approved. myCPE uses a secure payment gateway (Stripe.com) to process your payment details. This payment gateway is in accordance with the PCI-DSS Compliance. Therefore, your payment details are secure through SSL encryption. CLICK HERE to view our PCI compliance certificate. Once you have register for the package and paid for it you shall not be granted any refund unless you are not able to access courses for any reason etc.
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