Mercury to commence much sought after IFRS diploma in January 2015
Thursday, 1 January 2015 00:00
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International Financial Reporting Standards (IFRS) is quickly increasing in importance globally. Over 90% of the world’s leading economies either requires IFRS or is converging with it. Very few companies can afford to ignore the need to understand IFRS and its implications for their business and financial reporting. Consequently, demand for professionals with IFRS skills is increasing at an accelerating rate. Therefore, financial professionals not already familiar with the principles of International Financial Reporting Standards (IFRS) will be faced with the challenge of developing a working knowledge of IFRS as quickly as possible.
Now, Mercury Institute of Management, the only platinum accredited institute for ACCA in Sri Lanka brings to you the ACCA Diploma in International Financial Reporting (DipIFR) which is an international qualification in IFRS developed by the leading professional accounting organisation, Association of Chartered Certified Accountants (ACCA). By obtaining this qualification, you will be raising your professional knowledge of IFRS to the next level.
This program is aimed not for only students, but also professional accountants and auditors, working in the practice and industry who are qualified in accordance with national accounting standards, as well as for reporting specialists, accountants and auditors who have skills of preparing, analysing or auditing statutory or IFRS-based financial statements and wish to gain or improve their knowledge of IFRS reporting.
The Diploma in International Financial Reporting (DipIFR) is designed to develop knowledge of IFRS – providing an understanding of the concepts and principles, which underpin them, and their application in the international marketplace. On completion of the Diploma candidates will be able to have an in-depth understanding of key IFRS principles and rules; skills necessary for preparing financial statements under IFRS, including consolidated financial statements; experience in developing professional judgment on practical application of IFRS, understand and explain the structure of the framework of international accounting, apply relevant financial reporting standards to key elements of financial reports, identify and apply disclosure requirements for companies in financial reports and notes, and prepare group financial statements (excluding group cash-flow statements) including subsidiaries, associates and joint ventures.
Mercury is well known for their vast experience of conducting successful trainings in IFRS in Sri Lanka. Their instructors are experts in practical application of IFRS and IFRS training with all instructors having obtained the ACCA qualification and also practical experience in the field.
Outlining the value of the qualification, Mercury Business Development Manager Thilina Ukwatta stated: “The course covers key topic area such as international sources of authority, elements of financial statements, presentation and additional disclosures and preparation of external financial reports for combined entities and joint ventures. Cert and Dip IFRS is a qualification, which is flexible to your timetable, enabling you to fit your studies around your work and social commitments and can be completed in six to nine months.”
Ukwatta added that the program covers 80 hours of intensive and interactive classroom training, in which 70 hours will cover the entire syllabus of Diploma in IFRS and each session will cover the theoretical aspects of each topic as well as the practical application issues along with a review of past examinations. Mock exams and self assessments tests will be conducted to help students prepare well for examinations.
The program will commence in late January as part time focusing on employed professionals in the accounting and finance industry linked to IFRS batches. Further details of the program can be obtained from the Mercury ACCA Campus via [email protected].
