Introduction As financial training has changed its methodologies, IFRS online classes are now crucial for those professionals who are looking to upskill. Among the most popular learning formats are live and self-paced IFRS online classes. Choosing the right format depends on your goals, schedule, and learning style. You can read on and decide how to learn IFRS online: through live or self-paced classes. IFRS Classes: Live and Online Live IFRS classes are conducted virtually but in real-time in which participants can interact directly with both their instructors and peers online. These interactive sessions in virtual classrooms run with preset schedules and structured guidance. Features: The best features of IFRS courses for professionals include: ·         Live instructor-led courses ·         Live Q&A sessions for instant doubt clarification ·         Varied oppor...

  What is and why IFRS? International Financial Reporting Standards (IFRS) : IFRS is a financial reporting framework that is reliable, transparent, and can be comparable across the other companies around the globe. Prior to IFRS, every country had different Generally Accepted Accounting Principles (GAAP) i.e., financial reporting framework for businesses in their own country. With globalization, it was becoming difficult to undertake cross border transactions, investments, raise funds etc. because it was difficult to understand financial statements prepared in different GAAP. To bring harmony in the accounting language and bring ease in doing business internationally, the International Accounting Standards Committee (IASC) was established in the year 1973 and started developing the International Accounting Standards (IAS). They formulated IAS 1 to 41 and SICs. However, their work was not spread and was not used by the companies across globe. The structure of IASC was required to be...

  Thousands of accounting, audit and finance professionals apply for diploma in IFRS every year, and the biggest intimidation that a majority of them face is the preparation of June 2024  DipIFR examination  to crack it in the very first attempt. While lack of time for preparation and inability to focus on studies at a stretch are generally behind this pre-examination stress, the right guidance may help them determine their course of preparation and experience a surprising outcome. DipIFR students typically come up with questions like how much time does it take to complete DipIFR syllabus before the examination, is it possible for non-CA professionals to get well versed with IFRS (International Financial Reporting Standards) within such a short time span and how many hours should be dedicated to  DipIFR study on a daily basis . Aspirants are often concerned about the magnitude and complexity of syllabus. Despite being professionals in the field of accounting, finance...