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IFRS

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International Financial Reporting Standards, commonly called IFRS, are accounting standards that are issued by the IFRS Foundation. The IFRS course offered by the Association of Chartered Certified Accountants (ACCA) is one of the most appreciated and respectable qualifications across the globe.  The diploma course by ACCA is designed mainly to develop one’s knowledge and understanding of IFRS.  The other main objectives of this course are: To apply relevant financial reporting standards for the key elements…

The profession of finance is emerging as a growing industry all over the world. The General Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) are gaining momentum across many countries. Apart from normal specialization in accounting and finance, companies prefer to recruit those who have expertise in IFRS. There’s a huge demand for IFRS professionals.  Accounting standards are a common set of principles and procedures that define the basis of financial accounting policies…

I always hear that all the time! Many of my readers and subscribers have written to me about their frustration with IFRS because they find it boring, boring and difficult. There are 3 biggest myths about IFRS that people believe. And they hold them back and sometimes they make them fail. Do you believe them too? And if you are, don’t worry. It is Easy to hit once you know what it is. Myth 1:…

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