The International Association of Accounting Professionals
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  • Overview

    International Financial Reporting Standards (IFRS) are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries. They are a consequence of growing international shareholding and trade and are particularly important for companies that have dealings in several countries. It also facilitates companies involved in international mergers and acquisitions. International Financial Reporting Standards are progressively replacing the many different national accounting standards. IFRS began as an attempt to harmonise accounting across the European Union but the value of harmonisation quickly made the concept attractive around the world. They are sometimes still called by the original name of International Accounting Standards (IAS). IAS were issued between 1973 and 2001 by the Board of the International Accounting Standards Committee (IASC) took over by International Accounting Standards Board (IASB)

  • Who is this qualification for?

    The qualification is open for students who completed under graduation or equivalent. The learners are advised to have a thorough understanding of accounting and a strong passion for finance.

    This qualification has been developed for learners in India but may also be of considerable benefit to those in other countries. Those training institutions outside India that may be interested to be accredited to provide courses leading to this qualification should in first instance email their enquiry to india@intaap.org

  • Specifications

    Unit 1- IASB and regulatory framework 

    Unit 2- Adoption of IFRS

    Unit 3- Conceptual framework for financial reporting

    Unit 4- Presentation of published financial statements

    Unit 5- IFRS in the global and regional scenario

    Unit 6- Accounting for tangible and intangible assets

    Unit 7- Reporting financial performance

    Unit 8- Revenue recognition, provisions and contingencies

    Unit 9- Accounting for leases and taxations

    Unit 10- Financial instruments and Earnings per share

    Unit 11- Statement of cash flows and segment reporting

    Unit 12- Consolidated statement of financial position and comprehensive income

“Something to aspire to”