The International Association of Accounting Professionals (IAAP) has been established to provide international recognition for the level of qualification achievement of accounting professionals and, through that recognition, to enhance their status in the financial and business communities. Holders of a current IAAP membership certificate can enjoy the benefits of this international recognition in their careers. The IAAP 'Accounting Professional' also enjoys the prestige and status that is conferred by this title.
The IAAP awards its own IAAP membership and qualification certificates and also promotes, as a route to IAAP membership, the qualifications of the IAB, a recognized Awarding Body and regulated in England by Ofqual - the Office of the Qualifications and Examinations Regulator. IAAP also recognizes and grants exemption to those applicants for membership that hold comparable qualifications of other recognized UK and international professional and awarding bodies. The administration and direction of IAAP is provided on its behalf by the IAB from its head office in the UK and also is supported by the IAB's network of international representatives, agents and other collaborative partners.
Foundations in IFRS- Code: FIFRS
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 and boundaries. They are a consequence of growing international shareholding and trade and are particularly important for companies that have dealings in several countries. Also it supports the companies for international merger and acquisitions. They are progressively replacing the many different national accounting standards. IFRS began as an attempt to harmonize accounting across the European Union but the value of harmonization quickly made the concept attractive around the world. They are sometimes still called by the original name of International Accounting Standards (IAS). IAS was 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 the students who completed 'O' level or equivalent. The learners are advised to have basic understanding of accounting and strong passion towards finance vertical.
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 Hide
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Certificate in IFRS- Code: CIFRS
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 and boundaries. They are a consequence of growing international shareholding and trade and are particularly important for companies that have dealings in several countries. Also it supports the companies for international merger and acquisitions. They are progressively replacing the many different national accounting standards. IFRS began as an attempt to harmonize accounting across the European Union but the value of harmonization quickly made the concept attractive around the world. They are sometimes still called by the original name of International Accounting Standards (IAS). IAS was 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 the students who completed 'A' level or equivalent. The learners are advised to have basic understanding of accounting and strong passion towards finance vertical.
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
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Diploma in IFRS- Code: DIFRS
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 and boundaries. They are a consequence of growing international shareholding and trade and are particularly important for companies that have dealings in several countries. Also it supports the companies for international merger and acquisitions. They are progressively replacing the many different national accounting standards. IFRS began as an attempt to harmonize accounting across the European Union but the value of harmonization quickly made the concept attractive around the world. They are sometimes still called by the original name of International Accounting Standards (IAS). IAS was 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 the students who completed under graduation or equivalent. The learners are advised to have strong understanding of accounting and strong passion towards finance vertical.
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
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Advanced Diploma in IFRS- Code: ADIFRS
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 and boundaries. They are a consequence of growing international shareholding and trade and are particularly important for companies that have dealings in several countries. Also it supports the companies for international merger and acquisitions. They are progressively replacing the many different national accounting standards. IFRS began as an attempt to harmonize accounting across the European Union but the value of harmonization quickly made the concept attractive around the world. They are sometimes still called by the original name of International Accounting Standards (IAS). IAS was 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 the students who completed professional qualifications at post graduate level or Post Graduates or Undergraduates with minimum two years of experience. The learners are advised to have strong understanding of accounting and strong passion towards finance vertical.
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
Unit 13- Accounting for associates and joint ventures
Unit 14- Specialized standard for share based payment and employee benefits
Unit 15- Foreign currency translation
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Professional module - International GAAP
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