Top 10 IFRS Courses In Ahmedabad

International Financial Reporting Standards, commonly referred to as IFRS, are accounting standards declared by IFRS Foundation and the International Accounting Standards Board (IASB).

These are the standard format for presenting the financial statements of a company to study the performance and its position. A similar structure of financial statements makes it easy to understand and compare the data of different companies across international boundaries.

IFRS Course By Henry Harvin Finance Academy

Understand Global Reporting Standards | Become eligible to work anywhere across the globe | Get an edge over the peers | Boost your career.

View Course

These are relevant for the companies associated with the shares and the securities and listed on the public stock exchange.

IFRS Certification Course

IFRS is a certification course that is for the bearer’s knowledge in the field of accounting reports according to international standards. More than 113 countries accepted this financial accounting standard and more and more countries are coming under the same umbrella.

Both diploma and certificate courses are going on in various institutes across India. A person can choose a course that suits one’s needs.

The IFRS certification recognizes your formal expertise in the field. .

IFRS Certification Course In Ahmedabad 

1. IFRS Course By Henry Harvin Finance Academy

The IFRS course aims at exploring and understanding the world of finance and accounting. All those who are Chartered Accountants, Chief accountants, finance managers, people working in finance and accounting domains must undoubtedly do this course. Henry Harvin has introduced the IFRS Course in Ahmedabad by Henry Harvin Finance Academy to upgrade your comprehension and to gain innovative ideas for auditing, budgeting and many more. The following are the key features that will help you with inclined learning:

  • Online sessions: This course consists of 60 hrs of live Virtual Training.
  • Trainers: You are trained under experienced mentors who have ample teaching experience.
  • Internships provided by Henry Harvin will help you gain practical occurrence.
  • You will experience industry projects during the training.

The IFRS Course Certification will make you fit to work in various nations. The IFRS Course is designed to advance and develop your skills in International Financial Reporting Standards. The IFRS Certification by Henry Harvin ensures that the participants will gain plenty of updated study regarding finance and global accounting standards.

You will get exposure to be well informed about the principles of accrual-based accounting, capital & capital maintenance, as well as the principle of objectives, measurement bases, and disclosures of IFRS and IAS standards.

The teaching methodology includes a mix of techniques aligned to our unique G.C.A.O. pedagogy. This enables participants to derive engrossed-action-oriented outcome from the training.

The talented aspirants will get practical as well as hands-on experience. The training is very good and the mentors are friendly which helps in doubt solving as well as profit you with steady learning experiences.To know more about the IFRS Course, visit the below link:

2. Ahmedabad Branch Of Western India Regional Council Of The Institute Of CAs Of India.

An extensive IFRS certification course is conducted by the committee.Sufficient classroom training is given to each applicant.

The objective of the IFRS certification is,

  • Introduction of the concepts of IFRS standards
  • Dissemination of knowledge of IFRS standards
  •  Comparison of IFRS standards with the existing Indian Accounting Standards
  • conversion of Indian Financial statements to IFRS standards

Duration of the course: 60 hours, 5 hours of coaching for 12 days, on Saturday and Sunday.

Registration Fees: 30000 per candidate.

3. EY IFRS Training Course

EY refers to the Ernst & Young global organization. Their objective for IFRS training is to teach all the topics covered under the syllabus and help them prepare for the IFRS examinations conducted by ACCA.

India has converged to IFRS standard and issued its own IFRS standard, which is referred to as Ind AS.

Objectives:

  • Understand the structure of the framework of IFRS standards.
  • Apply relevant financial standards key elements in the financial accounts reporting.
  • Prepare group financial statements including subsidiaries and joint ventures.

 Eligibility: 

If you are working as an accountant or auditor who is in practice or doing business, then you are eligible for the course.

If you are a working professional but not yet qualified, then also you are eligible. You have to submit one of the followings:

  •         Three years of accounting experience
  •         A relevant degree with two years of working experience
  •         An ACCA certificate in financial reporting, with two years of experience.

  Course Deliverables: 

  •         10 live online sessions of 6 hours
  •         15 hours recorded videos
  •         Comprehensive study materials
  •         EY presentations, publications, and question banks
  •         One year access to EY LMS

4. ConTeTra Universal

ConTeTra universal is a result of technology, training, and consulting all coming together to bridge the gap of learning IFRS standards with trained faculty through online as well as consulting the team for better understanding. They want to bring real-world experience to the classroom for the better understanding of the business side of IFRS and to apply to a job with accuracy.

Course Deliverables:

  •         80 hours of live sessions.
  •         20 hours of basics of IFRS
  •         30 hours of recorded videos
  •         Comprehensive Physical notes
  •         Datasheets for a customised learning
  •         Ready to use Excel templates for effective implementation
  •         Role-play and case studies based discussions
  •         90 days of access to an online learning tool
  •         25 hours in pen-drive with 4 books will be delivered to your home.
  •         Access to E-books, projects, and mock tests.
  •         Doubt solving sessions

Programme Fee: INR 18000 plus GST

5. AKPIS

Mr Sammi Saluja is known for his brand AKPIS as he trained more than 3000 students to get IFRS course certification. He has been giving training for the last 7 years so he is well aware of all the knowledge that students or working professionals need to work with IFRS standards.

He claims that he knows how his students can pass exams in the first attempt.

Eligibility: 

Working as an accountant or auditor who is in practice or doing business.

If you are a working professional but not yet qualified, then also you are eligible. You have to submit one of the followings:

  •         Three years of accounting experience
  •         A relevant degree with two years of working experience
  •         An ACCA certificate in financial reporting, with two years of experience.

Duration: 10 weeks

Lectures: 8 lessons

They are serving in cities other than Ahmedabad, like Agra, Amritsar, Chennai, Bangalore and more.

6. PwC Academy

PwC is a network of firms in 155 countries, committed to giving quality assurance, advisory, and tax services. PwC refers to the PwC network of one and/or more firms and they each are a legal entity.

PwC Academy is a learning and education service offering of PwC in India. The ACCA DipIFR is an IFRS qualification by Association of Certified Chartered Accountants (ACCA), one of the leading global accounting bodies involved in the development of IFRS, which are issued by International Accounting Standard Board (IASB).

The course helps the participants how to apply the list of IFRS standards with the understanding of underpinning concepts and principals. 

The programme is designed for Chartered Accountants and finance and accounting professionals who wish to acquire skills for reporting in IFRS and become certified ACCA professionals.

What participants will receive:

  • Internationally recognized ACCA DipIFR certificate (IFRS course certification)
  • An in-depth understanding of IFRS rules and principles.
  • Knowledge of requirements IFRS for the presentation, measurement, and      disclosure of elements in financial statements.
  • Skills in the preparation of financial statements as per the IFRS reporting standards.
  • Experience in forming a professional judgement on the practical application of IFRS
  • An overview of the difference between IFRS and Ind AS.

Participants will be provided with:

  • Comprehensive study material
  • Interactive support of the trainer during the session
  • Comprehensive question bank with the solution
  • Mock test
  • Administrative support in collecting documents for exam registration

Course details – Live online session is given by PwC professionals using WebEx.

Course Fee – 24500 INR

7. KPMG

KPMG in India is one of the leading finance and business advisory, tax and regulatory services, internal audit, and corporate governance.

Key differentiators:

  • Participants will be provided an access to LMS for one year from the date of batch commencement. This includes,
  • Session presentations
  • Summary of standards
  • Session videos
  • Explanation of the difference between IFRS, Ind AS and Indian GAAP
  • The programme is conducted by an experienced professional of KPMG India.

Who should attend?

  • Chief Financial Officers (CFO), Finance Directors and strategic planners.
  • Accountants and analysts
  • Consultants, practising Chartered Accountants, Cost and Management Accountants (CMO)
  • Finance and accounting professionals
  • Graduates/Post Graduates who are part of the finance/accounting team

Eligibility:

Working as an accountant or auditor who is in practice or doing business.

If you are a working professional but not yet qualified, then also you are eligible. You have to submit one of the followings:

  • Three years of accounting experience
  • A relevant degree with two years of working experience
  • An ACCA certificate in financial reporting, with two years of experience.

Course Fee: The programme fee (Excluding GST) is INR 32608, which includes necessary study material but not Exam registration fees.

8. FinPro Consulting

FinPro Consulting is an Indian consulting firm that offers their client broad range of advisory solutions related to Generally Accepted Accounting Principles – conversion and training, financial reporting, mergers & acquisition accounting, management consulting, and IPO reporting solutions.

Deliverables:

  •         Live online weekend batches
  •         75 hours of live sessions
  •         30 hours pre-recorded videos
  •         Virtual classroom
  •         Interim tests
  •         Mock test
  •         Live problem solving
  •         Study materials: 4 Books

Course Fee: 19000 INR plus GST

9. Simandhar Education

Simandhar Education is a leading education provider for US CPA, US CMA, Diploma IFRS, Enrolled Agent. A Channel Partner of AICPA, official partners of Becker Professional Education, approved partner of the fast forward academy for Enrolled Agents in India.

Eligibility

Working as an accountant or auditor who is in practice or doing business.

If you are a working professional but not yet qualified, then also you are eligible. You have to submit one of the followings:

  • Three years of accounting experience
  • A relevant degree with two years of working experience
  • An ACCA certificate in financial reporting, with two years of experience.

Key takeaways:

  • 75 hours of intensive and interactive live classes, all sessions will be on weekends
  • Recorded videos of the sessions
  • Sessions cover not only the topics but also covers the topic of differences between IFRS, Ind AS, US GAAP wherever it’s applicable
  • Placement assistance to their students in top Finance and Accounting companies
  • Helps participant in handling criticalities of exam registration
  • Comprehensive study material
  • Monitoring test and the mock test is conducted to help their students to prepare well for the real exams

Course Fee: The programme fee is INR 29500 (excludes GST) includes all the necessary study materials but not the registration of exam fees payable to ACCA for the DipIFR exam.

10. Informa Connect Middle-East

Informa Connect Middle East is a part of Informa. It is a multinational publicly listed publishing and events company.

Informa Middle East has grown to be the largest event organizer in the middle-east and is having more than 300 staff members. They run over 450 training courses and over 40 conferences regionally on an annual basis.

Apart from the public training courses, conferences and exhibitions, Informa Middle East also provides in-house training to companies as well as manages events on behalf of corporate clients. Some of the past clients include NBAD, Microsoft, and ADNOC. 

Course details

The learning modules are structured in an accessible and user-friendly way that underlines key information and a useful summary for each module. It analyses and divides specific standards into smaller topics. Here, you will work on case studies and exercises based on real-life examples. Testing what you learned through multiple-choice questions and sample answers to test your knowledge as you progress through the course.

Instructors led live online classes – may be individual or in a group. Delegates are allowed to access the online resources and course materials for six months.

Duration: 5 Days

Course fees: $3500 – $5500

Advantages Of A List Of IFRS Standards

List of IFRS standards is a unitary set of rules that help to solve many issues in the accounting world – mainly for organizations. There are still countries like the United States that have not yet adopted this system. Because of the non-acceptance of these standards in many countries, it becomes challenging for two companies to conduct business – based in two separate countries – one that accepts the list of IFRS standards and another with non-acceptance of a list of IFRS standards.

These companies have to make two financial reports, one according to their national standards and another using the Generally Accepted Accounting Standards that others can use.

List of Advantages for adopting the list of IFRS standards,

1. Focus On Investors

The prime factor is that IFRS standards give a more accurate, timely, and comprehensive financial statement which is more understandable for investors to know the performance of the company, without studying any other sources, so it keeps the investors more informed.  

Report standards are so simple and easily understood that it helps small and new investors to see the picture with clarity the same as the professional investors. This will also take care of small and new investors from being cheated by professional investors due to the advantage of a simple understanding of the financial reports.

Harmonisation and standardization of financial reporting support investors by no need for paying for adjusting and understanding the data or paying for analysis before investing the money. Therefore, a list of IFRS standards saves investor money.

By reducing discrepancy of financial statements by applying a list of IFRS standards, it eliminates cross border takeover and acquisition by investors.

The simplicity in the understanding of financial statements reduces the risk of new investors buying or owning shares with a lack of information or taking wrong decisions due to lack of knowledge.

2. Recognizing Loss In Time

Recognising immediate loss by the company with the IFRS standards benefits the investors as well as the stakeholders of the company to take immediate action to save further loss of their money.

The transparency of statements with IFRS standards accelerates the efficiency of contracting between the management and the company, which in turn improves corporate governance.

It also assures the lenders of being informed by a timely loss to withdraw before it gets too late.

3. Simplicity Of Comparison

Simplicity to compare

The convergence to IFRS standards has made it easy to compare reports of different organizations in the EU. This is one of the reasons for the collectively growing EU markets.

Uniformity of accounting reports made it easy to compare reports of any number of organizations, which is easy for investors and stakeholders to make the right decisions.

Another reason is the transition of more than 8000 EU companies transformed from a traditional method to IFRS standard. Numerous companies changed simultaneously their accounting statements to IFRS standards. It was a big shift and inclined more and more companies to follow the same to stand in the competitive market.

4. Standardization Of Accounting And Financial Reports

When all the companies are following the same list of standards while creating their accounting and financial reports, it removes trade barriers between the nations and the companies.

5. Improvement In Transparency And Consistency

This is the crucial advantage of adopting the list of IFRS standards, as the improved transparency results in a better relationship between a company and its stakeholders. The consistency of working together with the investors and the other companies who belong to other countries develops long term relations which results in major growth.

6. Better Access To Foreign Capital Markets And Investments

As the companies started adopting the list of IFRS standards, it allows other companies and investors to see their data. This attracts foreign investors. As in IFRS standards, financial reports are easily comparable; it allows a company to play in the international capital market.

7. Comparison Is Easy With Competitors In The International Market

The comparison is easy if all the accounting reports are in the same format and so is the comparison between the competitors. When companies within the same countries are reporting their financial reports in two different formats, the comparison gets worse, so is with the two different companies – one following the national standard and the other IFRS standards.

When IFRS standards are applied to the financial reports, the local market is massively affected due to the big gap between the market and the book value of the companies. Differences in the accounting statements are easily revealed and so the companies excelling in the international market will stand out without much analysis.

There is no significant achievement in the short term of adopting the IFRS standards but as the awareness and its importance is growing in the international markets, the companies started realizing the benefits of IFRS standards. The benefits of adopting IFRS standards will be realised in the medium-long term. Eventually, the companies adopting IFRS standards are growing all around the world and that will generate usefulness and increased comparability of financial statements.

8. Relevance

The relevance of the IFRS standards can be described as a substantial advantage over time.

IFRS reflects on economic substance rather than legal substance. This helps stakeholders and investors to get a fair look at the company’s transactional view.

IFRS reflects gain and losses promptly. Thanks to IFRS standards for its reliability and credibility.

A balance sheet prepared under IFRS is more useful in its layouts and the consistency and more details.

Manipulation in the accounts by managers of creating hidden reserves is not possible in IFRS so, it’s less manipulative and more shareholders oriented.

IFRS standards of generating accounting statements are a cost-savings method, though companies have to spend a considerably good amount as investments for implementing IFRS standards.

Why We Work With Academics

IFRS foundation believes that academics are important for the implementation of the standards and required for consistent execution and development of the standards. This is for the benefits of both parties.

1. High-quality Teaching Of IFRS Standards

  •  Makes better and improved understanding of accounting in future leaders of commerce and industry.
  •  It leads to trained and skilled accountants for consistent application of IFRS standards.
  •  Supports transition to IFRS standards in the country yet to adopt the new standards.

 2. High-quality Research Of IFRS Standards

  • Increase in-depth knowledge and understanding of the IFRS standards in the local and international markets.
  • Influence the development of new standards by providing useful pieces of evidence.
  •  Academics and researchers are benefited in several ways, from the engagement with the IFRS.
  •  Availability of the IFRS standards materials in all international accounting board projects.
  • Access to high-quality webcasts and podcasts by the international accounting standard board.

How We Work With Academics

The IFRS Foundation has a range of specific activities crafted to work with academics.

1. IFRS Teaching Sessions

Regional half-day sessions are arranged in the coordination of the regional academic accounting associations for the teachers to help them to implement IFRS framework based teachings. The session primarily focuses on teachings that develop the ability of a student to make a better judgement, based on the standard principals.

2. IFRS Training For SMEs

Regional ‘train the trainer’ workshop is conducted in coordination with the regional professional associations. This workshop is a part of the programme for implementing IFRS for SMEs standards, in developing and emerging economies.

3. IASB Research Forum

The Board holds an annual research journal in connection with the academic journals.

4. Post-implementation Reviews 

The board carries out post-implementation reviews of each IFRS standards after 30-36 months of its first implementation. As part of their review, the board requests the academic literature review.

Summary

  • IFRS certification is the future of tomorrow for financial and accounting reports.
  • Looking at the benefits of a list of IFRS standards, nations all around the world are shifting to the new international standards.
  • With the demand for the new IFRS standards, companies are looking forward to hiring people with the talent of converting and generating financial reports with IFRS standards.
  • Understanding the demand of the IFRS standards, people connected with accounting and finance are searching for the course that provides them knowledge with the training to work efficiently in the real work environment.

Recommended Reads:

What is full form of IFRS

International Financial Reporting Standards (IFRS) are reporting standards that are created by International Accounting Standards Board (IASB) with the objective of common world wide accounting language for presentation of financial statements.

What is the difference between GAAP and IFRS?

The primary difference is that GAAP is rule-based and IFRS is principle-based.

How can I learn IFRS?

You can learn IFRS in a step-by-step process.
1. Learn the basic structure of IFRS.
2. Study the framework.
3. Acquire in-depth knowledge about each standard.
4. Develop your knowledge and keep practising.

Spread the love
Author

Join the Discussion

 

Interested in Henry Harvin Blog?
Get Course Membership Worth Rs 6000/-
For Free

Our Career Advisor will give you a call shortly

Someone from India

Just purchased a course

1 minutes ago

Ahmedabad Address:

4th Floor, Agrawal Complex Near Municipal Market, Chimanlal Girdharlal Rd, Ahmedabad, Gujarat 380009

FREE 15min Course Guidance Session: