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Certified IFRS Professionals

Explore basic understanding, fundamental concepts, and principles of IFRS to the implementation complexities from the rich experience of Michel Morley, CPA and recognized authority in the field of finance with 25 years of experience in IFRS implementation

Certified Course Overview

  • Explore the underlying concepts and principles of IFRS.
  • Recognize the accounting treatment applied to share-based payments and employee benefits.
  • Identify required disclosures for related parties and events after the reporting period.
  • Identify the classification, recognition, measurement, and disclosure of common financial statement assets and liabilities.
  • Recognize the accounting treatment applied to share-based payments and employee benefits.
  • Measuring fair value when required by IFRS standards.

Why this certification course

Progress towards a set of global accounting standards is a reality as many of the world’s largest capital markets require or approve the use of International Financial Reporting Standards (IFRS). Over 125 countries require publicly traded companies to apply IFRS, with many other jurisdictions approving the use of IFRS in some situations, the application of IFRS is one of the ways for the Global accounting, tax, and finance professionals.  

In this Certification course, you will get in-depth knowledge about key IFRS standards. This course will not only provide you with the basic knowledge about the principles, but it will also provide you with a peep into the practical complexities of application that you are likely going to face. With the step-by-step procedure for implementation, factors that companies need to carefully consider, and easy-to-follow guidelines you can ensure that you will be able to comply with the standards and apply them confidently. The integrated curriculum of the course will provide you with aspects of the conceptual framework, foundational knowledge, training, and practical guidance in IFRS necessary in today’s global business environment. 

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.

Modules

Course Title Educational Credits
  • To be acquainted with the latest information regarding the First-Time adoption of IFRS
  • To familiarize with the procedures for transitioning to IFRS and establishing initial policies
  • To build the initial IFRS Balance Sheet
  • To add and remove assets and liabilities as per Standard requirements
  • To reevaluate assets and liabilities to conform to IFRS
  • To prepare the GAAP-IFRS transitional statement
  • To write the appropriate Notes
  • To identify the unique disclosure and presentation requirements of IFRS #1
  • To underline the recognition and fair value measurement rules for share based payments
  • To identify the effect of vesting on accounting, classifying and reporting
  • To discuss the disclosure requirements related to share based payments
  • To identify the impact on Financial statement reporting and presentation
  • To examine concepts and rules for mergers and acquisitions
  • To explore business combination accounting criteria
  • To identify what information to disclose to enable users of the financial statements to evaluate the
  • To recognize the exceptions to recognition and measurement principles in business combinations
  • To recognize how to first record the acquisition of long-lived assets
  • To assess the value at which long-lived assets are presented on future financial statements
  • To identify how to work out the allocation of the cost of fixed assets over future reporting periods.
  • To write the appropriate Notes
  • To recognize the unique disclosure and presentation requirements of IFRS for Fixed Assets
  • To review the financial reporting requirements as per IFRS Standard #6
  • To explore the various disclosure requirements
  • To identify the valuation methods for assets and liabilities
  • To identify the amount to be recognized for income and expense.
  • To be able to initially measure financial instruments and the subsequent measurement of financial assets and liabilities
  • To record correctly debt instruments as well as equity instruments
  • To know how to apply the fair value option
  • To discuss when and how to apply the other comprehensive income option
  • To implement the de-recognition of financial assets, liabilities, derivatives, and embedded derivatives
  • To discover how IFRS 13 simplifies Fair value Measurement
  • To identify what parts of FASB’s Topic 820 (formerly SFAS 157) are aligned with IFRS 13
  • To explore commonly used valuation techniques
  • To recognize common oversights in applying these valuation techniques
  • To explore examples of how IFRS 13 affects financial instruments, intangibles, non-financial assets, and liabilities
  • To recognize the objective of IFRS for Construction Contracts.
  • To establish the principles that an entity must apply to report useful information to users of financial statements.
  • To discuss about the nature, amount, timing and uncertainty of revenue and cash flows arising from a contract with a customer.
  • To know how to account for contract costs.
  • To explain how assets are recognized with a contract with a customer.
  • To identify when revenue is recognized because it is probable that future economic benefits that will flow to the entity can be measured reliably.
  • To identify the circumstances in which these recognition criteria will be met and, therefore, revenue will be recognized.
  • To decide on which recognition strategy to implement
  • To assess the value at which revenue is recognized
  • To review the categories of revenue and how strategies for revenue recognition can differ.
  • To recognize the differences in leases.
  • To identify how to account for leases.
  • To be able to classify leases.
  • To grasp the differences for lessees and lessors.
  • To discuss the required disclosures of IFRS 16.
  • To identify the different types of leases.
  • To discuss how to account for leases.
  • To be able to classify leases.
  • To review the differences for lessees and lessors.
  • To know the required disclosures of IFRS 16.

Continuing Education Credits

This Certificate Course Qualifies for following Credits

  • 22 CPE credit for all Certified Internal Auditors (CIA)
  • 22 CPE credit for all Certified Management Accountants (CMA)
  • 22 CPE credit of Accounting for all Certified Public Accountants (CPA-US)
  • 22 CPE credit for all Certified Valuation Analyst (CVA)
  • 22 CPD credit for all Chartered Professional Accountant (CPA Canada)
  • 22 CPE credit for all Internal Audit Practitioner (IAP)
  • 22 CPE credit for all Qualification in Internal Audit Leadership (QIAL)

Our Certificate

Certificate Course in International Financial Reporting Standards provides a jump-start for accountants and finance executives who want to quickly and easily get up-to-date on IFRS. It will outline the step-by-step procedure for implementation and examine the many factors that companies need to carefully consider when implementing International Financial Reporting Standards. Accountants need to know the rules for integrating the acquired company's assets, liabilities, and equity, and how to assign fair values to them, advise management on the choice of options offered by this standard, including all of the required disclosures, and meet all financial statement presentation requirements. This 22-hour CPE course will also provide you with easy-to-follow guidelines that will ensure that you can comply with this standard. It will provide what you need to know to confidently apply these standards.

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Frequently Asked Questions

Know more about our processes and how we work, with the helo of the following FAQs.

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 certificate course, 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.
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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.
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