The Certificate in International Financial Reporting Standards (CertIFR) is a certification provided by the Association of Certified Chartered Accountants (ACCA) in the UK. This course offers a broad introduction to International Financial Reporting Standards (IFRS) and provides an opportunity to focus on the preparation for the certificate with the help of the proper tools and material. The course begins by tracing the history of the International Accounting Standards Board (IASB) from its early roots to the most recent changes and provides updates on future developments. In addition, this preparation course underlines key information, provides useful summaries, and examines specific standards topic-by-topic. It includes case studies which are based on real-life examples, exercises, multiple-choice questions, and sample answers for you to test your knowledge as you progress through the course. You will get ready during this intensive course to sit for the certification exam which can be taken at the end of the course or anytime in the future, based on your study schedule.
You do not need to have any experience or formal qualifications in accounting and auditing to apply for this certificate. During the course, you will be given hard copy material, and once you subscribe online, you will have access to online material and assessments for six months. The certificate is assessed through a one-hour exam with multiple-choice questions and a pass mark of 50%.