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The license is built on competence, ethics, and professional engagement standards and provides powerful support to accountants in practice.
Become licensed in IFRS, attract more clients, get referrals from non-specialist accountants and diversify your income stream.
The Companies Act (the Act) provides for a new classification of companies as either Profit Companies or Non-Profit Companies. With regard to profit companies, the Act distinguishes between four different types of companies, namely:
Companies Regulations, 2010 require that every company calculate its ‘public interest score’ for each financial year. In terms of this requirement every company must calculate its ‘public interest score’ for each financial year.
The company’s public interest score will be used to determine whether or not certain companies will require audited financial statements, which financial reporting standards should apply, and who may conduct an independent review for those companies that are not subject to the audit requirement.
The following companies require IFRS:
Our License for IFRS Specialist aims to showcase your ability to prepare financial statements of high quality and reliability.
This license is accredited by SAIBA and authorises the member to perform a specialist service within the standards of engagements as set by SAIBA.
The license is not the equivalent of a designation nor a qualification.
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.
Obtain professional recognition for your knowledge of International Financial Reporting Standards (IFRS).
Fundamental principles of IFRS
Overview of IFRS definitions and concepts
Latest standards and amendments issued by the IASB
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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.
The License for IFRS Specialists (LIFRS) is a professional license that is awarded to: