IFRS - IACT Global

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1. www.iactglobal.in International Financial Reporting Standard IFRS 2. www.iactglobal.in Meaning International Financial Reporting Standards (IFRS) is a set of…
  • 1. www.iactglobal.in International Financial Reporting Standard IFRS
  • 2. www.iactglobal.in Meaning International Financial Reporting Standards (IFRS) is a set of accounting standards developed by an independent, not-for-profit organization called the International Accounting Standards Board (IASB). IFRS are used by the business entities so that company accounts are understandable , reliable , relevant and comparable across the International boundaries.
  • 3. www.iactglobal.in History of IFRS IFRS Standards that were issued by IASC (the predecessor of IASB) are still in use today & are used as International Accounting Standards (IAS), while standards issued by IASB are called IFRS. IAS were issued between 1973 and 2001 by the Board of the International Accounting Standards Committee (IASC).
  • 4. www.iactglobal.in Features of IFRS  Represent the Fair presentation of an organization through the assets, liabilies, Income & Expenses.  Its is based on the going concern concept unless the organization intends to liquidate.  IFRS Requires financial statement on annual basis to understand the current position of an organization.  IFRS Requires that the presentation & classification of items in the Financial statement to be retained from one year to next year (For Example – 1st March 2015 to 31st March 2016).
  • 5. www.iactglobal.in Countries Using IFRS  South Korea  Hong Kong  Malaysia  GCC Countries  Philippines  Singapore European Union India Australia Pakistan Russia South Africa Turkey
  • 6. www.iactglobal.in Salary for IFRS
  • 7. www.iactglobal.in Companies using IFRS IFRS is in use virtually by all industries around the world. Some of the are listed below:
  • 8. www.iactglobal.in Benefit of doing IFRS from IACT Global  Training for IFRS  Books & study Materials for IFRS  Practice & Revision kit (BPP Learning Media, UK)  Home Study Text (BPP Learning Media, UK) As per our Research 95% Candidates take the benefit of Salary hike, Promotions by doing certification from IACT Global
  • 9. www.iactglobal.in • Graduation in Commerce with 3 years work Experience • Post Graduation with 2 years work Experience • For Certified professional like CA, ICWA, CS etc. no work Experience is required Eligibility Criteria for IFRS Certification
  • 10. www.iactglobal.in TRAINING & CERTIFICATION If you want to make yourself more valuable and attractive to your employer then avail IFRS Certification from iACT Global
  • 11. www.iactglobal.in Clients Informative session, Good study Material -Manoj Arvind Bhusari Course is amazing & Helpful - Mukesh Kumar Continuous Assistance, Timely Provision , - Yeshi Dorji Recommendable Course, Fantastic Platform, Cooperative Staff - Sreeraj Sampath
  • 12. www.iactglobal.in
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