Take out 2.5 hours daily, thrice a week (on weekdays) and 7.5 hours collectively (on weekends), which makes up to nearly 15 hours a week to meticulously attend video lectures. This way, you will possibly complete training videos in a span of about two months.
How do I start learning IFRS?
So let’s start with the first one.
- Learn the basic structure of IFRS. Familiarize yourself with the basic structure and concept of IFRS.
- Read the Framework.
- Get some knowledge about individual standards.
- 13 Comments.
How long does it take to learn IFRS?
IFRS Course Details
|IFRS Course Duration||6 months|
|Top Platforms Offering IFRS Course||ICAI, Global FTI, ACCA, AICPA, Manipal ProLearn, etc.|
|Top Job Profiles||Chartered Financial Analyst, Chartered Financial Planner, Cost Accountant, etc.|
|Average Initial Salary||INR 4,00,000 to INR 8,00,000 per annum in India|
Which is the best course for IFRS?
Top 10 IFRS Certifications in India: 2022
- Henry Harvin Finance Academy. The IFRS Certification Course by Henry Harvin Finance Academy is regarded as the best IFRS certification in India.
- EY IFRS course.
- PwC’s ACCA DipIFR Preparation Course.
- Synthesis Learning.
- FinPro Consulting.
- Zell Education.
- Global FTI.
- Grant Thornton.
How many hours are ACCA exams?
ACCA Applied Skills
Corporate and Business Law can be sat at any time, whereas the remaining 5 modules are usually examined in one of four sittings a year: March, June, September and December. Each module will take between 45-60 hours of study.
How long does it take to study ACCA?
In total, it takes around five years to become ACCA qualified. If you have two A Levels and three GCSEs, in five separate subjects including English and Maths, you can start studying ACCA.
What I need to know about IFRS?
IFRS covers an array of points, from inventories to revenue recognition, all the way to the presentation of statements, income taxes, foreign exchange rates, fixed assets and more. There exist several standards that qualify as IFRS, providing comprehensive rules for a number of areas.
How do you memorize accounting standards?
Here I am going share with you HOW WE CAN EASILY REMEMBER ACCOUNTING STANDARD NAMES….EASY WAY TO REMEMBER AS
- Alphabet A = A for Accounting = AS 1 – Disclosure of Accounting Policies.
- Alphabet B = B for Ball ( Ball is an item) = AS 2- Valuation of Inventories.
- Alphabet C = C for Cash = AS 3 – Cash Flow Statement.
What is IFRS training?
The IFRS Certificate Program is a comprehensive program developed to provide a grounding in IFRS and help you to distinguish yourself as a professional who is proficient in such a complex area. The program covers: A broad overview of key IFRS definitions and concepts.
What is the salary of IFRS in India?
As you gain experience and spend around 6-8 years in the industry after your specialization in the IFRS, you can expect a salary in the range of Rs 20 lacs to Rs 25 lacs per annum.
Should I study IFRS?
So why should you learn IFRS? Large and/or Multinational companies will prefer, if not insist on hiring people who are already skilled on IFRS. Over the next few years, IFRS knowledge will be mandatory even for the smaller companies. People who do not update themselves would stagnate.
Can I do IFRS after ACCA?
Diploma in IFRS (Diploma IFRS) from the Association of Certified Chartered Accountants is one such qualification which can provide a detailed conceptual insight into IFRS. A diploma from ACCA (U.K.) is widely recognised in India and around the world.
What is ACCA full form?
Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA).
What standards are used to prepare financial statements by most of the countries and companies?
Answer: International Financial Reporting Standards (IFRS) set common rules so that financial statements can be consistent, transparent, and comparable around the world. IFRS are issued by the International Accounting Standards Board (IASB).
What is the hardest ACCA exam?
For most students, Audit Assurance is generally considered to be the toughest paper, especially at this level. For the Applied Skills exams, along with Performance Management, this is the subject that I get the most queries about. (You’ll find plenty of videos on these on my channel.
Can I self study ACCA?
No reason you can’t self study too. I used Kaplan text books and exam kits. Although you can use the OpenTuition notes and lectures instead of the text book, you will still need to purchase an exam kit for each exam to give yourself the best chance of passing. The key to success with ACCA is lots of question practice.
Can an average student pass ACCA?
Now answering your question, yes you will be able to do it if you put your full efforts. Your 12th grades/marks cannot stop you from doing anything further in life. ACCA salary is equivalent to that of a Chartered accountant. The average salary is around 7-8 lakh p.a.
Is ACCA better than MBA?
Both have their pros and cons, but it is up to you to decide which career you want to pursue – ACCA will provide you more of a specialized skill set, whereas MBA will give you a broader skill set to handle the overall business.
What is the salary of ACCA?
In India, the salary for ACCA is equivalent to the CA professional. The average salary for ACCA professionals is up to 8 lakh per annum. The pay scale is always between 4 to 15 lakh per annum—some of the big companies like PwC, KPMG, Deloitte, and EY.
Can I finish ACCA in 2 years?
How quickly can I complete the ACCA qualification? We run four exam sessions per year. Students can sit a maximum of four exams at each session, and a maximum of eight distinct exams each calendar year. You could therefore complete all of the exams in two years.
What are the 4 principles of IFRS?
IFRS requires that financial statements be prepared using four basic principles: clarity, relevance, reliability, and comparability.
Which countries use IFRS?
IFRS Standards are required in more than 140 jurisdictions and permitted in many parts of the world, including South Korea, Brazil, the European Union, India, Hong Kong, Australia, Malaysia, Pakistan, GCC countries, Russia, Chile, Philippines, Kenya, South Africa, Singapore and Turkey.
How many IFRS and IAS are there?
The following is the list of IFRS and IAS issued by the International Accounting Standard Board (IASB) in 2019. In 2019, there are 16 IFRS and 29 IAS. IAS will replace IFRS once it is finalized and issued by IASB.
What are the 32 accounting standards?
STATUS OF ACCOUNTING STANDARDS ISSUED BY ICAI FOR NON-CORPORATES
|Accounting Standard (AS)||Title of the AS||Mandatory for periods commencing on or after|
|AS 30||Financial Instruments: Recognition and Measurement||1-Apr-12|
|AS 31||Financial Instruments: Presentation||1-Apr-12|
|AS 32||Financial Instruments: Disclosures||1-Apr-12|
What are the accounting concepts?
Accounting concepts are the generally accepted rules and assumptions that assist accountants in preparing financial statements. In layman’s terms, they are the fundamental building blocks of the transactions of the business.
Which are accounting standards?
Accounting standards are authoritative standards for financial reporting and are the primary source of generally accepted accounting principles (GAAP). Accounting standards specify how transactions and other events are to be recognized, measured, presented and disclosed in financial statements.
Who can apply for IFRS course?
Who can apply for this course
- Qualified Chartered Accountants or those with 2 years of relevant experience in the field of finance and accounting.
- A professional accountant or an auditor who works in practice or business and are qualified according to national accounting standards.
What is the difference between IFRS diploma and certificate?
A diploma in IFRS is rather hardcore compared to a certification program. It requires a greater level of dedication and is best for those who are seeking a radical shift in their career or those who are starting their career in accounts and finance from scratch.
What is an ACCA certificate in accounting?
ACCA stands for Association of Chartered Certified Accountants and is a leading international accounting institution. ACCA qualifications are also recognized in other countries and are considered equivalent to those qualifications.