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IFRS Certification Course in Madurai: “Opportunities don’t happen. You create them” – Chris Grosse. Success is not by chance but is a result of the correct decision coupled with disciplined efforts. Apart from grit, expertise, and a focused approach, professional success also depends on setting up a benchmark.
Are you an accounting or finance professional? Have you made up your mind to register for the IFRS certification course? Bingo, if you have because you are halfway there.
IFRS certification is the most reputed skill that can yield maximum job opportunities and pay hikes. Due to globalization, many companies are implementing the list of IFRS standards. Therefore, the demand for IFRS certified executives are certainly on the rise.
What Is The List of IFRS Standards?
International Financial Reporting Standards or the IFRS standards are accounting rules that are approved by the International Accounting Standards Boards (ISAB).
A non-profit organization conceptualized the list of IFRS standards to bring a set framework for accounting.
The goal of implementing IFRS standards
- The sole purpose is to make sure financial statements follow identical principles across the world while reporting the performance of a firm.
- List of IFRS standards brings transparency, accountability, and efficiency within the financial market by providing accurate information.
- Helps to understand financial performance and risks
Advantages Of Implementing The List Of IFRS Standards
As different countries follow different accounting standards, sometimes this creates confusion among stakeholders. The list of IFRS standards allows companies to divulge their financial data in a standardized manner to confirm consistency and accuracy.
- By putting these standards into practice, countries can attract foreign investments and thus increase the capital flow.
- It will be easier to grasp investment opportunities when financial statements are prepared by employing a common accounting principle.
- Stakeholders can take pragmatic decisions because they are well cognizant of the opportunities against the risks.
What Is The IFRS Certification Course?
IFRS Certification Course
A curriculum that is designed to build knowledge in international financial reporting standards (IFRS). Upon the completion of this course, students will get a thorough understanding of the list of IFRS standards and their practical application.
Benefits Of The IFRS Certification Course
The IFRS certification course will help you to develop an understanding of the list of IFRS standards. Hence, It will be of great advantage if you are in the field of finance or accounting. The list of IFRS standards has been adopted in 120 countries all over the world to ensure uniformity and reliability. As a result, there is a dearth of skilled professionals in this field. A thorough understanding of the IFRS standards will open doors to global work opportunities. In brief, it will be a value add to your resume and give your career a big boost.
Learning Outcome Of IFRS Certification Course
- Understand the international reporting standards
- Comprehend financial statements
- Understand how assets and liabilities are identified
- Understand measurement and declaration of a different list of IFRS standards
IFRS Applicability In India
India is an emerging economy and shortly to join the league of adopting the list of IFRS standards. The Government of India, Ministry of Corporate Affairs (MCA) issued a note on 2nd January 2015 defining the phases of the proposed implementation of Indian accounting standards(IAS) together with the list of IFRS standards. Many companies in India are keen to follow these principles to grow their business within the global market. Businesses are inclined to follow a globally accepted uniform reporting system which can help them to make informed financial decisions. Since the implementation has already begun in India, there will be significant demand for certified professionals with lucrative salary packages.
Benefits Of Adopting IFRS For Indian Companies
Many benefits that the list of IFRS standards can provide to Indian investors are
- Transparent report
- Open to the global market
- Does not have the restrictions of the current reporting system
- Sound financial decision making
- More inflow of foreign fund in the market
- Reduction of compliance cost
As the awareness grows about the list of IFRS standards and companies adopting the framework to serve international clients, there is a growing need to train accounting professionals. Therefore, the demand for IFRS certification courses is clearly on the rise in the Indian market.
Career Prospects For The IFRS Certified Workers In India
There is a massive demand for IFRS certified workers in India. Guidelines in the list of IFRS standards are updated continuously. Therefore, there will always be a demand for IFRS-certified experts. Besides this, knowledge of international standards is always a plus. The government is taking various measures to improve the economy. So, it is necessary to have a solid understanding of finance and keep yourself updated.
Top 10 IFRS Certification Courses In Madurai
After doing my research on a few parameters, I am listing below the list of the top 10 IFRS Certification courses available in Madurai you can join
- IFRS certification by Henry Harvin Finance Academy
- Ernst and Young (EY) IFRS course
- PwC India – DipIFR
- KPMG – Diploma in IFRS by ACCA
- Grant Thornton – ACCA Diploma in IFRS
- Manipal Prolearn – EY and MAHE Advanced certificate in IFRS
- IMS Proschool – IFRS with NSE Certification
- Certificate course on IFRS convergence by ICWAI
- Fin pro consulting- Diploma in ACCA IFRS
- Takshila Learning – ACCA Diploma In IFRS
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