“Earn the license that distinguish you as an IFRS specialist”

Licensed IFRS Specialist

Stand-alone license

This license is accredited by CIBA and authorises the member to perform a specialist service within the standards of engagements as set by CIBA.

The license is not the equivalent of a designation nor a qualification.

Purpose of the license

This program will teach you how to understand, apply, and explain fundamental concepts and principles of IFRS across a broad range of accounting standards.

Whether you are an accountant in commerce or in practice the course will provide guidance, the knowledge and the reassurance to support your employer and its clients.

Licensed IFRS Specialist

Obtain professional recognition for your knowledge of International Financial Reporting Standards (IFRS).

After completing this license the designated member will be:

Fundamental principles of IFRS

Overview of IFRS definitions and concepts

Latest standards and amendments issued by the IASB

The following topics are covered in the license

Study unit 1:

• First-Time Adoption of IFRS (IFRS 1)

Study unit 2:

• The Conceptual Framework for Financial Reporting and Fair Value Measurement (IFRS 13)

Study unit 3:

• Presentation of Financial Statements (IAS 1) and Events After the Reporting Period (IAS 10)

Study unit 4:

• Accounting Policies, Changes in Accounting Estimates and Errors (IAS 8)

Study unit 5:

• Inventory (IAS 2)

Study unit 6:

• Property, Plant and Equipment (IAS16) and Borrowing Costs (IAS 23)

Study unit 7:

• Investment Property (IAS 40)

Study unit 8:

• Intangible Assets (IAS 38)

Study unit 9:

• Impairments (IAS 36)

Study unit 10:

• Non-Current Assets Held-for-Sale and Discontinued Operations (IFRS 5)

Study Unit 11:

• Government Grants (IAS 20)

Study Unit 12:

• Leases (IFRS 16)

Study Unit 13:

• Financial Instruments (IAS 32, IFRS 9, IFRS 7)

Study Unit 14:

• Provisions, Contingent Liabilities, and Contingent Assets (IAS 37)

Study Unit 15:

• Income Taxes (IAS 12)

Study Unit 16:

• Employee Benefits (IAS 19)

Study Unit 17:

• Share-Based Payment (IFRS 2)

Study Unit 18:

• Revenue From Contracts With Customers (IFRS 15)

Study Unit 19:

• Statements of Cash Flows (IAS 7) and Interim Reporting (IAS 34)

Study Unit 20:

• Consolidated Financial Statements (IFRS 10) and Separate Financial Statements (IAS 27)

Study Unit 21:

• Business Combinations (IFRS 3)

Study Unit 22:

• Investment in Associates and Joint Ventures (IAS 28) and Joint Arrangements (IFRS 11)

Study Unit 23:

• The Effects of Changes in Foreign Exchange Rates (IAS 21)

Study Unit 24:

• Related Party Disclosures (IAS 24)

Study Unit 25:

• Earnings Per Share (IAS 33)

Why a license for IFRS for SME

The International Financial Reporting Standards (IFRS), issued by the International Accounting Standard Board (IASB), are becoming the global accounting standard for how companies prepare financial statements.

Progress toward a set of global accounting standards is no longer a goal of the International Accounting Standards Board (IASB), it is a reality, as many of the world’s largest capital markets require or permit the use of International Financial Reporting Standards (IFRS).

Over 125 countries require publicly traded companies to apply IFRS, while many other jurisdictions permit the use of IFRS in some circumstances.

The IFRS course and license gives participants the skills to compete effectively in today’s global business environment. A grounding in IFRS will distinguish participants from other accounting and finance professionals and expand their global career opportunities.

The programme is certificate-level and available worldwide. Accessible online, it is a flexible and self-taught programme, so you can learn at a time convenient for you.

The programme is a unique resource to help you develop a comprehensive understanding of the IFRS standard.

The programme is available as a course, including online learning materials and online assessment.

Whichever element you purchase, you will receive 12 months access.

To complete the full learning and assessment programme we recommend on average 30 hours' study time, which may vary depending on your level of prior knowledge.

If you want to prepare quality financial statements you have to be licensed

The License for IFRS Specialists (LIFRS) is a professional license that is awarded to:

• members of CIBA, that have
• obtained any of our designations, and who
• want to prepare high quality IFRS based financial statements, and
• have a minimum of 2 years of relevant post-designation experience, and
• who assist with performing audits, and who has exposure or work for public or private multinational organisations; Companies that have adopted IFRS; Public practice who serve private, public or international companies with audit, preparation, or advisory service.

Branded, secure, and verifiable digital certificates

• Obtain branded, secure, and verifiable digital certificates and badges.
• Your certificates can't be duplicated or faked.
• With a single click, you and potential clients/employers can verify the achievement is legitimate.
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