Five interesting facts about IFRS certification
IFRS or International Financial Reporting Standards is like a universal language for accountancy. All the finance aspirants reading this article must be aware of the cross-border trades. There is no compulsion that your brand's billing or accounting procedure must be similar to another business from another country. Therefore any accountancy dispute can take a lot of time because of different layouts; hence IFRS is a universal accounting language.
DipIFRS or (Diploma in International Financial Reporting Standards) IFRS certification course will help all the aspirants to understand the IFRS system. Here are the five exciting facts which all the candidates would love to know about the IFRS certification course.
1. Objective of the IFRS course
A certified IFRS graduate will prepare financial documents for cross-border trade exchanges that follow the IFRS standards. They are also responsible for financial reporting and following essential accounting standards. They should help companies in efficiently managing financial reports and records. The main objective of the course is to understand and encourage international accounting and economic reporting methods.
2. IFRS Course duration, Details, and Eligibility
You can join the course with a minimum of two years of relevant accounting experience and a bachelor’s degree, which equals the standard of ACCA. There is no need to disappoint if you don’t have ACCA qualification as you can still apply for IFRS if you have a minimum of three years of experience in accounts. IFRS is not a long-term course, but you have to be smart enough to clear it swiftly.
Every year a single exam is governed by the IFRS council, which is a three-hour fifteen-minute test. You have to learn time management to use your time wisely during the exam.
3. Can I Clear DipIFRS without specialist coaching?
No, you can prepare for the course yourself if you have a keen interest in financial reporting and accountancy. There is no doubt that a diploma in International Financial Reporting Standards can help aspirants get their dream job in top MNC’s or Multinational companies on earth. If you already have a CA or Chartered Accountant certificate, then doing this course can be proved beneficial for your company if they deal with international clients.
Moreover, DipIFRS is also considered equal to Ind-AS; hence you can get some of the best job opportunities by completing the DipIFRS in India. You can also get good jobs at KPO’s, BPO’s and various other finance companies.
4. Salary Trends of DipIFRS in India
The good news for all the IFRS aspirants the average salary of IFRS professionals working in the country is 9 Lakhs per annum, and it depends on the experience and expertise. Some experienced accounting professionals with IFRS certificates also earn 15-20 Lakhs per annum in India. If you can find a job in the big 4, you can expect 25 Lakhs.
5. What Is the Total of Diploma in IFRS?
The examination cost is around 15-25 K, and the price may even rise if you join any additional coaching. If you are looking for IFRS coaching in Mumbai, join Zell education as they are the leading finance educators in the city.