Course overview

CertIFR offers a comprehensive introduction and updates to the field of International Financial Reporting and International Financial Reporting Standards, tracing the history of the International Accounting Standards Board (IASB) from its early roots through to the recent changes and future developments. Structured in a readable and user-friendly format, the course distils key information into easy-to-digest bullet points, provides useful summaries and examines, topic-by-topic, specific standards. Frequently asked questions and answers expand on the points covered, while case studies are based on real-life examples. In addition a large number of exercises, multiple-choice questions and sample answers enable you to confidently test your knowledge and guide you as you progress through the course.

Primary course objectives

To help you understand how International Financial Reporting Standards (IFRS) are used around the world
To explain the workings of the IFRSF/IASB and how these are being changed
To examine the fundamental requirements of IFRS on a standard-by-standard basis for the benefit of preparers, auditors and users of financial statements
To provide guidance on how to use IFRS in practice with the aid of questions, cases and exercises

DURATION: 12 Weeks

ENTRY REQUIREMENTS

The target audience is professional accountants and auditors, qualified in accordance with their national accounting standards. However, it is possible for those with experience, but no formal qualifications in accounting and auditing to register for this Certificate.

PROCEDURE FOR ENROLLMENT

Complete an online application form at www.accaglobal.com or contact us for ACCA registration form.
Complete a separate Spectrium registration form

WHO SHOULD ENROL FOR THE PROGRAMME

Accounts Clerks, bookkeepers
Cost and Management Accountants
Financial Managers
Portfolio Managers
Financial Planners
Accountants
Auditors
Anyone interested in pursuing a career in Financial Accounting

SYLLABUS

The nature and operations of the IASB

Structure of the IFRSF/IASB
Extant standards of the IASB
The framework

The status and use of IFRSs around the world

The use of IFRS around the world
The IASB roadmap
The annual IASB bound volume and its use

Presentation and profit

IAS 1, Presentation of financial statements
IAS 18, Revenue
IAS 8, Accounting policies, changes in accounting estimates and errors

Asset recognition and measurement

IAS 16, Property, plant and equipment
IAS 38, Intangible assets
IAS 40, Investment Property
IAS 36, Impairment of assets
IAS 23, Borrowing costs
IAS 20, Accounting for government grants and disclosure of government assistance
IAS 2, Inventories
IAS 11, Construction contracts
IAS 17, Leases
IAS 32, Financial instruments - presentation
IAS 39, Financial instruments - recognition and measurement
IFRS 9 Financial instruments
IAS 41, Agriculture
IFRS 7, Financial instruments: disclosures
IFRS 6, Exploration for and evaluation of mineral resources
IFRS 5, Non-current assets held for sale and discontinued operations

Accounting for liabilities

IFRS 2, Share-based payment
IAS 37, Provisions, contingent liabilities and contingent assets
IAS 10, Events after the reporting period
IAS 19, Employee benefits
IAS 12, Income taxes

Group accounting

IAS 27, Consolidated financial statements and accounting for investment in subsidiaries
IFRS 3 Business Combinations
IAS 28, Accounting for investments in associates
IAS 31, Joint ventures
IAS 21, The effects of changes in foreign exchange rates
IAS 29, Financial reporting in hyperinflationary economies

Disclosure standards

IAS 7, Statement of cash flows
IAS 24, Related party disclosures
IAS 33, Earnings per share
IAS 34, Interim financial reporting
IFRS 4, Insurance contracts
IFRS 1, First time adoption of IFRS
IFRS 8, Operating segments

Principal differences between key national GAAP and IFRS
Proposals for change

SYLLABUS AND MATERIAL ASSESSMENT UPDATES

INFORMATION ON SYLLABUS AND MATERIALS UPDATES AND ASSESSMENT

ACCA reserves the right to examine anything contained within the syllabus of the Certificate. This includes knowledge, techniques, principles, theories, and concepts as specified in the syllabus and in the examinable documents contained within the syllabuses
For the Certificates in International Financial Reporting and International Auditing Standards ACCA updates the materials and the syallabus, including the examinable documents once a year to indicate exactly what regulations and legislation could potentially be assessed. The updated syllabuses, examinable documents, materials and assessments are uploaded on the ACCA website in or around January 1st each year.
Regulation issued or legislation passed on or before 30th September annually, will be assessed within the certificates from early in January until December 31st of the following year.
Regulation issued or legislation passed in accordance with the above dates may be examinable even if the effective date is in the future. The term issued or passed relates to when regulation or legislation has been formally approved.
The term effective relates to when regulation or legislation must be applied to entity transactions and business practices.
The syllabus and materials offer more detailed guidance on the depth and level at which examinable documents will be assessed. The study guide should therefore be read in conjunction with the syllabus and the examinable documents listed within the relevant syllabus.
CERTIFICATION/AWARDING BODY
Learners are required to write an ACCA Examinations . The Certification body for the qualification is the Association Certified Chattered Accountants (ACCA)-UK.
EXAMINATION DATE: To book your exam contact us on (011) 339 1746
THE TUITION/STUDENT SUPPORT CENTRE
Spectrium is the leader in preparing accounting professionals in South Africa for CertIFRS exams. Support lectures are run by Spectrium’s Faculty of Finance and accounting, located in Braamfontein, Johannesburg. Spectrium is a recognized and listed ACCA Student Support Centre.

BENEFITS TO YOU

Immediate employment
Professional recognition
National and International recognition
Well sought after qualification across all industries.
Hands on Experience in business accounting
Qualification Recognized by nationally and globally
NQF Aligned

BENEFITS TO THE ORGANISATION

Effective KPA management by employees
Excellent Job performance
Better and quality service delivery
Better understanding of job descriptions
Clarity of Roles and Responsibilities

STUDY OPTIONS

Full Time – Monday - Friday
Part Time – Mondays - Saturdays - (8:00 – 14:30). Evenings: 17:30 – 20:00.
In-house: All CAT Certificate modules and ACCA master course can be delivered in-house. SAVE money by using this option
Distant Learning
Learnership Options also available!
Revision Package

CAREER PROGRESSION

Upon successful completion of this programme learners can move on to do the ACCA DipIFR.

OUR UNIQUE TEACHING MODEL

Career-centered and solutions-driven learning, small classes, very qualified and experienced lecturers, individual attention, affordable prices/payment terms, access to study facilities, safe parking, free booster sessions to registered students just to name a few.
PROGRAMME STARTING DATES
All Full and Part Time Certificate courses start first week of the following months:
February; May; August; November
Distant Learning can start at anytime
Learnership can start at any time
Revision Courses: See Timetable
Call us to enroll today on: Tel: 011 339 1746
CertIFR is endorsed by the Association of Chartered Certified Accountants.