Certified Financial Reporting Specialist (CFRS) -3rd Batch

• Provide a comprehensive understanding of fundamental accounting principles and IAS 1.
• Explore the preparation and interpretation of cash flow statements under IAS 7.
• Analyze inventory management and valuation under IAS 2 and accounting for property, plant, and equipment under IAS 16.
• Understand borrowing costs (IAS 23), government grants (IAS 20), and investment properties (IAS 40).
• Examine asset impairments (IAS 36), assets held for sale (IFRS 5), and intangible assets (IAS 38).
• Understand revenue recognition (IFRS 15) and accounting for leases (IFRS 16).
• Analyze accounting policies, changes in estimates (IAS 8), and provisions, contingent liabilities, and contingent assets (IAS 37).
• Explore income tax accounting (IAS 12) and earnings per share (IAS 33).
• Gain in-depth knowledge of financial instruments under IFRS 9.
• Learn consolidation techniques under IFRS 3 and IFRS 10.

Modules: 

Module 1: Fundamental concepts of Accounting and IAS 1
Module 2: Cash flow statement  (IAS 7)
Module 3: Inventory (IAS 2) & Property, Plant and Equipment (IAS 16)
Module 4: Borrowing costs (IAS 23), Government grant (IAS 20) and Investment properties (IAS 40)
Module 5: Impairment of assets (IAS 36), Assets held for sale and discontinued operation (IFRS 5) & Intangible assets (IAS 38)
Module 6: Revenue (IFRS 15) & Leases (IFRS 16)
Module 7: Accounting Policies, Changes in Accounting estimates and error (IAS 8), Events after the reporting period (IAS 10) & Provisions, Contingent assets and Contingent liabilities (IAS 37)
Module 8: Income Taxes (IAS 12) & EPS (IAS 33)
Module 9: Financial Instruments (IFRS 9)
Module 10: Consolidation (IFRS 3, IFRS 10)

• Master the preparation and presentation of financial statements in accordance with IFRS and IAS.
• Develop the ability to interpret and analyze cash flow statements.
• Demonstrate proficiency in accounting for inventories and fixed assets.
• Understand the complexities of accounting for borrowing costs, grants, and investment properties.
• Apply principles for impairment testing and manage intangible assets effectively.
• Implement revenue recognition policies and lease accounting standards.
• Evaluate accounting policies, handle changes in estimates, and address contingent liabilities.
• Interpret income tax implications and calculate earnings per share.
• Analyze and apply financial instrument standards.
• Consolidate financial statements for group entities with confidence.

This program is Validated and Quality Assured by Cambridge Academy of Professionals (CAP) UK. [www.cambridgeacademy.uk/]

Features:
Duration: 04 Months
Class: 10 Sessions
Class schedule: Friday (02:00 PM - 04:00 PM GMT
Short Video Material: Will Provided
Mode of Learning: Virtual Class (Via Zoom)

Post Completion:
Electronic Certificate
Digital Badge via Credly.com
Printed Certificate available

Exam Method:

• Online Written Exam 
  • MCQ Questions: 50 Questions
  • Exam Duration: 60 Minutes
  • Total Marks: 100
  • Pass Mark: 70%

Assignment: 

• Total Assignments: 05
• 01 Pre-Course Assignment (Learning Purpose)
• 03 Class Based Assignment
  • Total Marks: 100
  • Pass Mark: 70%
• 01 Capstone Projects
  • Total Marks: 300
  • Pass Mark: 70%

Financial Statement Preparation

Gain expertise in preparing financial statements in compliance with global standards, ensuring accuracy and transparency.

Cash Flow Analysis

Develop skills to prepare, interpret, and analyze cash flow statements, providing insights into organizational liquidity and performance.

Asset Management

Learn advanced techniques for managing inventories, fixed assets, and intangible assets, ensuring accurate valuation and reporting.

Compliance and Reporting

Master the application of borrowing costs, grants, and financial instrument standards to ensure compliance with IFRS and IAS.

Revenue and Lease Accounting

Understand the intricacies of revenue recognition and lease accounting to support consistent and accurate financial reporting.

Consolidation Expertise

Develop proficiency in consolidating group financial statements, addressing complexities in mergers and acquisitions.

Analytical and Interpretive Skills

Enhance the ability to interpret financial data, assess tax implications, and address contingent liabilities effectively.

Global Standards Adaptability

Build the capability to adapt to evolving financial reporting standards, ensuring relevance and accuracy in diverse contexts.