IFRS – International Financial Reporting Standards came into existence when the Financial world felt the need to have a common accounting language. IFRS came into existence in the EU with the purpose of also making business affairs transparent. It is been accepted and brought into practice by more than 100 countries globally.
The Scope of IFRS Reporting in India
The demand for IFRS prompted Indian companies to follow suit and adopt Ind-AS, It is a step closer to converging with IFRS. IFRS and Ind AS joined hands in 2014. India transitioned from GAAP to Ind AS in phases in order to converge with IFRS. This has brought India at Par with the world.
Future of IFRS in India
The evolution of IFRS created another learning stream for accounting and finance professionals to improve their career prospects. Undoubtedly it has become inevitable for finance & accounting professionals to upskill themselves in these International Financial Reporting Standards.
The IFRS, issued by the International Accounting Standards Board (IASB) has set a benchmark in the accounting world. India with the implementation of IND-AS and IFRS has created a huge market for IFRS professionals. Thus it has become necessary for every Finance professional to have knowledge of IFRS. It goes without saying, companies in India prefer to hire candidates with experience and knowledge in IFRS. Such professionals are in huge demand in India. The demand is higher because there is less supply. There is a huge shortage of IFRS professionals in India.
In order to fill this gap, various institutes offer IFRS courses in India to train aspiring candidates. It gets hard to choose. Enlisted below are TOP10 IFRS courses in India.
1. Henry Harvin Finance Academy .
Henry Harvin is a 400-year-old prestigious EdTech Institute based out of the US and India. It is ranked amongst the top 500 Edtech Companies. It is known for its unique and Quality Education. Henry Harvin is considered an Online University with various Academic streams like
Analytics Academy
Management Academy
Finance Academy
Accounts Academy
ERP Academy
HR Academy
Writing Academy
Language academy
There are around 200 plus courses offered by Henry Harvin. As Per Higher Education Digest Henry Harvin is a “One-stop solution for successful upskilling and career development”
Course Details
Henry Harvin has very carefully designed the IFRS Training Course by incorporating the Curriculum of the ACCA- Diploma. The IFRS course also prepares students for the exams. This course also highlights the important differences between IND-AS and IFRS in each module.
Trainers at Henry Harvin are industry experts with vast domain knowledge and experience.
Henry Harvin Diploma is ideal for
- CA, CS, ICMA, and other finance professionals
- Semi-qualified Finance professional, CA, CS
- Accountants and Finance Managers
- MBA in Finance Professionals
- Professionals in Private entities and M&A
Contact No. +91 9015266266
Course Duration: 60-Hours Online Training
Course Fee: INR 17500/-
Other Henry Harvin Courses:
Business Accounting and Taxation
2. Zell
Zell is India’s leading training center. It transforms careers by making skill up-gradation effective, affordable & accessible for everyone. They deliver high-quality education combining classroom theory with practicals.
Course Details
Zell offers a Diploma in IFRS by ACCA which is among the TOP 10 IFRS courses.. India adopting Ind-AS and IFRS has changed a lot for CA’s and Finance professionals. They must have knowledge of IFRS to make their mark in the Financial world.
After developing your knowledge and understanding of International Financial Reporting Standards you also learn to implement them.
You should be able to apply relevant financial reporting standards to key elements of financial reports. You will be able to prepare group and single entity financial statements
Zell has rigorous placement training and corporate tie-ups which helps in placement after completion of the course.
They have minimum eligibility criteria for the program
It requires Candidates to have 2 two years of relevant accounting experience
Address: Suman House, Morvi Cross Ln, Charni Road, Chowpatty, station (West, Mumbai, Maharashtra 400007
Phone: 090049 35888
Course Duration : 3 Months
Course Fee: INR 24500/- plusTaxes
3. IMS Proschool
IMS offers IFRS courses in many parts of India thus making it No 3rd in our list of Top 10 IFRS courses. It has its branches in Mumbai, Pune, Bangalore, Delhi, Thane, Hyderabad, Chennai, Kolkata, Ahmedabad, Kochi, Gurgaon.
Course Details
IMS Proschool in collaboration with NSE academy offers an IFRS course. The industry-relevant curriculum is designed after extensive research. It also provides Online virtual classes with exam certification from NSE Academy Limited.
The faculty comprises industry experts with vast knowledge and Experience.
The main aim of the IFRS Certificate Program is to create an understanding of International Financial Reporting Standards. It is the fundamental step for success in the contemporary global business world. All aspects of the training program are taught with practical examples. •
On completion of this certificate program, candidates should be able to apply relevant financial reporting standards to key elements of financial reports and Prepare group financial statements.
The certificate given out after completion of the course is a Joint certificate by NSE Academy, NSDC, and IMS Proschool
IMS Proschool provides 3 modes of learning
Classroom: 3-month training program on IFRS available on weekends. Fee INR 32,000/-
Online: “Live & Interactive” sessions(55 hrs) Fee INR 25,000/-
SelfStudy : 1 Year access of LMS. Fee INR 25,000/-
4. Grant Thornton Bharat
Great Thornton Bharat has over 15 branches across the country. Great Thornton has set up Learning & Development Academy. This academy offers an upskilling service in India, providing result-oriented training programs to professionals and students.
Course Details
Grant Thornton has designed an IFRS course covering the syllabus of ACCA in the shape of DipIFRS.
The training program is framed on ACCA guidelines. A diploma in IFRS is a globally recognized qualification.
Along with preparing for the IFRS exam, they also cover the differences in Indian Accounting Standards (Ind AS) and Indian Generally Accepted Accounting Principles (IGAAP). By studying these differences it gets easier for Accountants to report as per the location and smoothly manage Ind AS implementation in India. Sharing their practical insights helps you to understand and learn complex concepts.
After successful completion of this program, participants should be able to prepare financial reports as per requirements under Ind AS and IFRS. Along with that, they should be able to understand complex financial reporting standards like financial instruments, consolidation, share-based payments, etc.
Contact : Mob: +91 989 139 5363
Couse Duration: 95 hours of learning plus 20 hours of recorded videos
Course Fee: Rs 24,500/-
5. Contetra
Contetra is a new-age consulting startup committed to training. Training with Contetra helps you grow by capitalizing finance and innovative strategies
Course Details
Contetra offers a Diploma in IFRS by ACCA. Contetra ensures that you learn IFRS practically and academically to ensure better IFRS implementation and support. A diploma at Contetra makes you industry-ready. You can be the Leader in Your Finance Team for Audit Closure, Strategic Advisory, Compliances, O Value Creation (for clients & company), & Revenue Generation
Highlights of Contetra Diploma program
- 60 Hours of Interactive Live session
- Practical Insights from veterans
- Role Play and Case study based discussions
- CBE mode mock exams
- IFRS Interview Prep
- Comprehensive Physical notes & questions bank
Address: Corporate Park,Swastik Disa, LBS Road, Ghatkopar West, Mumbai 400086
Contact : [email protected],
Call at : +91 8291862829
Course Fee: INR 15000/-
Course Duration: 10 Weekends
6. PwC
PwC Academy is a learning and education service wing of PwC India. This academy has an added advantage due to its global network of companies which provide the backbone for training practices. Trained faculty makes learning more effective and practical.
PwC Academy boasts of training finance professionals to achieve reliability and excellence.
Course Details
The course is designed by incorporating core finance topics supported with modern-day technology The curriculum is designed by subject matters experts across PwC’s global network. These experts have vast experience in accounting and financial reporting.
PwC Academy’s program is designed who wish to acquire skills in reporting under IFRS and become certified ACCA professionals.
PwC training program for finance and accounting professionals comes with added features. :
- ACCA DipIFR Certificate which is globally accepted
- You get an in-depth understanding of the principles and rules of IFRS
- You develop skills to prepare financial statements under IFRS.
- Form independent professional judgment on the practical application of IFRS
- Understand differences between IFRS and Ind AS
PwC provides following
- Comprehensive study material
- Comprehensive question bank with solutions
- Access to the session recordings
- Mock tests
- Interactive sessions with the instructor
- Exam Registration support
Please see www. pwc.com for further info
7. Udemy
Udemy platform provides an ideal and simple way of upskilling. Whether it is an individual or an organization, Udemy offers fresh courses on emerging topics that keep you ahead of the curve. l.
IFRS is a must to know if you plan to expand your business to foreign shores, or you represent companies who work with dealers abroad IFRS is essential to maintain your transactional records. Udemy has a customizable course for you as per your needs like.
Course Details
- IFRS ( Conceptual)
- IFRS- A complete Course on IFRS
- IFRS 9- Basics To experts
- Accounting 101
- IFRS 17
- IFRS 19
The IFRS course develops your skills to understand and apply accounting standards. On completion of any of these courses, you will have a broader and in-depth understanding of accounting and Financial Reporting. You will be equipped to face the challenges you may face within the world of finance.
What you’ll learn
- IFRS standards backed by practical examples.
- Understand how the consolidation of financial statements works with the application of IFRS.
- New revenue standard s
- How to prepare financial statements of entities, groups and how to analyze and interpret those financial statements.
Course Duration: 67 hours on-demand video.
8. EY learning Solutions
EY Learning Solution has a solution for everyone who wants to upskill themselves. Be it a working professional, newbie, or student.
EY Virtual Academy has a vast range of courses which include IFRS courses as well. It offers both IFRS and Ind AS certification courses. Ind AS is developed to enlighten Indian finance professionals. Its aim is to increase their awareness about Ind AS. Apply IFRS methodology to key elements of financial reports.
IFRS covers the syllabus of ACCA’s Diploma in IFRS eLearning.
EY understands that it is critical for finance professionals to understand the accounting standards in the Ind-AS framework and the related practical application issues. EY’s focus is on comparative analysis of IFRS and corresponding IND-AS in every module. EY course makes you understand and explain the structure of the framework of IFRS.
Contact : 91 9811638456
Course Duration: 55 hours of Learning Videos
Course Fee: INR 10,000/- plus taxes
9. TISHADZ
Tishadz ranks at No 9 in our list of Top 10 IFRS courses in India. They believe in providing Advanced but Affordable IFRS learning. Tishadz has built a broad online platform for students and other individuals. This E-learning platform serves those who seek education and training for IFRS. It has been in training for the last 21 years
Highlights of Tishadz Online IFRS program
- Flexible Learning Management system
- Structured Course with AI-backed learning system
- Regular assessment and mock tests
- 24×7 Query Resolution System.
- Portal access for one year
Before enrolling in the course you can enroll yourself for the demo session.
10. Delloite
Have you heard about some free lunches in this world? Deloitte’s series of IFRS training modules are offered free as a public service.
Delloite programs are led by leaders who share world-class experiences with professionals at all levels. The combination of in-classroom and online learning programs offers a wide range of learning opportunities and experiences. It covers covering coaching, informal learning, leadership mentoring, gaming, simulation-based learning, theatre-based learning, and immersive learning.
Deloitte has developed an educational and training resource on IFRS. This content has been used by many corporates and Institutions as the main tool for IFRS education.
Users develop their knowledge and learn to apply the basic principles and concepts of the IFRS and IAS’s. The IFRS e-learning modules are provided free of cost which can be used, without altering the original content.
Each module provides:
- Real-life examples to demonstrate the application of the standards
- Sections to explain the principles and theory
- Real examples to show aspects of the standards in action
- Reference materials to support learning
Conclusion.
Post-Covid, we realized how important it is to be multiskilled to survive in any organization. IFRS is a high-value skill, one ought to have to face challenges in the Financial world. Accounting professionals are information specialists who collect, process, and report economic information, which takes place during a specified time period. Accountants are answerable to clients and concerned third parties. Therefore, they need to follow the principles and practices which are universal and recognized. IFRS comes into the picture here.
Go for it, if you dream to lead a Finance team. Add IFRS credentials to your portfolio and add value to your company and clients. Consequently, witness your growth.
Hope our list of TOP 10 IFRS courses helps you in achieving this.
Recommended Reads :
GUIDE TO THE OBJECTIVES OF IFRS
IFRS COURSES: DURATION, CERTIFICATIONS, FEE, AFTER 12TH, JOB PROSPECTS, SALARY2022
LIST OF INTERNATIONAL FINANCIAL REPORTING STANDARDS IN 2022 [UPDATED]
TOP 10 IFRS CERTIFICATIONS IN INDIA: 2022
FAQs
IFRS was formed to set the common financial language which could be understood globally. That way financial statements can be understood and be comparable around the world.
Job Profile of IFRS professional is to closely follow IFRS developments and ensure correct adaptation of IFRS changes. Develop work plans and control instructions. Drive improvements in the reporting process.
It also includes supporting the Head of Financial Control and being responsible for preparing consolidated financial statements in accordance with IFRS.
Almost all Financial companies have requirements for IFRS professionals. Other than that ITES, software, pharmaceutical, auditing firms, banking industry, the Insurance industry, KPOs, employ IFRS professionals
Skilled and experienced IFRS experts can offer consultancy services to companies that migrate to IFRS. Practical knowledge of IFRS will come in handy as more than 100 countries have adopted IFRS or converged to IFRS. IFRS professionals can apply complex and tedious standards with ease.
A : Association
C : Chartered
C : Certified
A : Accountants
It is the International Association of professional accountants.
Anyone aspiring to upskill themselves like Chartered Accountants, Company Secretaries, ICMA, and other finance professionals
Even Semi Qualified CA, CS, ICMA working in the accounting domain can opt for this course.
Finance Managers, Financial Controllers, Accountants
Private Equity and M&A professionals
MBA finance working in the accounting domain
GAAP means Generally accepted accounting principles. The rules governing financial reporting and accounting differ from country to country. US follows GAAP setup by FASB.
IFRS is set up by IASB which specifies exactly how accountants must maintain and report their accounts. Since the advent of globalization, IFRS was established in order to have a common accounting language across the countries, so business and accounts can be understood from company to company and country to country.
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