CertIFR Training

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About the course

Why take CertIFR Training?

ACCA's Certificate in International Financial Reporting (CertIFR) introduces the fundamentals of IFRS, the accounting language used by listed groups and multinationals in much of the world. It suits accountants and finance staff who work with global parents, overseas listings or cross-border reporting and want a recognised grounding in IFRS.

This course covers the IASB's Conceptual Framework and the core standards that most affect financial statements: presentation, inventories, property, plant and equipment, intangible assets, impairment, leases, revenue, provisions and contingencies, income taxes, events after the reporting period, and the basics of financial instruments and consolidation. You will practise preparing and interpreting IFRS-based statements and understanding the disclosures that accompany them.

We also explain how IFRS differs from Indian Accounting Standards (Ind AS) and Indian GAAP in practice, which many Indian accountants find useful. Please note that IFRS 18, which replaces IAS 1 on presentation of financial statements, applies for annual periods beginning on or after 1 January 2027, and your trainer will indicate which treatment your assessment follows.

Who should attend

● Accountants and finance executives working with IFRS groups
● Commerce and finance graduates beginning a reporting career
● Audit associates who need IFRS fundamentals
● Shared-service centre staff handling group reporting
● ACCA and CA students looking for an IFRS foundation

Prerequisites

● No formal prerequisites from ACCA
● Basic accounting knowledge, such as double-entry bookkeeping and financial statements, is expected
● Comfort with numerical calculations

What this certification does for you

Globally used standards

IFRS is required or permitted in many jurisdictions, and useful for India-based multinationals.

Recognised ACCA brand

Provides a credential connected to a global professional body.

Stepping stone to DipIFR

The knowledge supports ACCA's more advanced Diploma in IFRS.

Improves employability

IFRS familiarity is requested in many finance job listings.

Curriculum

8 modules, step by step

MODULE 1

Conceptual Framework and the regulatory context

Understand why IFRS exists and its building blocks.

› IASB, IFRS Foundation and standard setting
› Conceptual Framework: objectives and qualitative characteristics
› Elements, recognition and measurement
› Fair presentation and going concern

MODULE 2

Presentation of financial statements

Prepare the primary statements.

› Statement of financial position
› Statement of profit or loss and other comprehensive income
› Statement of changes in equity
› IAS 1 and the move to IFRS 18

MODULE 3

Inventories and property, plant and equipment

Account for tangible assets.

› IAS 2 inventories and cost formulas
› IAS 16 recognition, depreciation and revaluation
› Disposals and derecognition
› Borrowing costs overview

MODULE 4

Intangibles and impairment

Account for non-physical assets.

› IAS 38 intangible assets and development costs
› Goodwill basics
› IAS 36 impairment of assets
› Cash-generating units

MODULE 5

Revenue and leases

Apply modern recognition models.

› IFRS 15 five-step model
› Contract modification and variable consideration
› IFRS 16 lessee accounting: right-of-use asset and lease liability
› Lessor classification overview

MODULE 6

Provisions, events and taxes

Handle liabilities and adjustments.

› IAS 37 provisions, contingent liabilities and assets
› IAS 10 events after the reporting period
› IAS 12 current and deferred tax
› Government grants overview

MODULE 7

Financial instruments and cash flows

Understand instruments and prepare cash flows.

› IFRS 9 classification and measurement basics
› Impairment expected credit loss overview
› IAS 7 cash flow statements, direct and indirect
› Earnings per share overview

MODULE 8

Groups and exam practice

Introduce consolidation and practise assessment questions.

› Control, subsidiaries and consolidation basics
› Differences between IFRS and Ind AS
› Assessment-style questions and revision
› Next step: DipIFR

Certification exam

ACCA Certificate in International Financial Reporting (CertIFR)

Awarded by	ACCA
Format	Online assessment, multiple choice (per ACCA's CertIFR page)
Questions	See the current figure on the official site (accaglobal.com)
Duration	1 hour (per ACCA's CertIFR page)
Passing score	See the current figure on the official site (accaglobal.com)
Exam fee	See the current figure on the official site (accaglobal.com)
Where	Online, through ACCA after registration
Validity	See the current figure on the official site (accaglobal.com)

Your path to certification

1
Enrol in a CertIFR batch and complete the live sessions
2
Register for the Certificate in IFRS on the ACCA website
3
Practise assessment-style questions until you are consistent
4
Take the online assessment as arranged by ACCA
5
Receive your certificate and consider the Diploma in IFRS (DipIFR) as a next step

Skills you will gain

Conceptual Framework

Explain the objectives of financial reporting, qualitative characteristics and recognition criteria.

Presenting financial statements

Prepare IFRS-compliant statements of financial position, profit or loss and cash flows.

Non-current assets

Account for property, plant and equipment, intangibles, leases and impairment.

Revenue and inventory

Apply the five-step revenue model and measure inventories correctly.

Provisions and contingencies

Recognise and measure provisions, contingent liabilities and assets.

Income taxes

Account for current and deferred tax at an introductory level.

What you get