Introduction: Accounting is the backbone of the business financial world. The aim of financial reporting is to understand the business through the numbers and facts. Worldwide accounting practice was highly diverse and meaningfully comparing financial statements of entities located in different countries was very difficult. Considering the increasing trend of globalisation across the world, harmonisation in the accounting was necessary. International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board. In simple words IFRS are a set of accounting rules for how information should be gathered and presented in financial reports. They constitute a standardised way of describing the company's financial performance and position so that company  financial statements  are understandable and comparable across international boundaries. They are particularly relevant f...

  Are you looking to advance your accounting skills? If the mastering global language of accounting is your goal, IFRS is your gateway into the realm of International Financial Reporting Standards. Its comprehensive syllabus prepares you for knowledge and expertise in international accounting practices, whether you aim to enhance your career or want to grab international work opportunities. ACCA, UK offers certification of diploma in IFRS, this qualification is designed to meet varying levels of expertise and career goals in the field of accounting. IFRS Exam Pattern  The IFRS exam is a challenging assessment designed to aim to evaluate your expertise in International Financial Reporting standards. (IFRS) Conducted as a computer test, duration is 3 hours and 15 minutes. The exam features 4 subjective format questions that challenge your ability to apply IFRS principles to real-world scenarios.   This comprehensive approach ensures candidates are well-prepared ...