International Financial Reporting Standards (IFRS)

International Financial Reporting Standards (IFRS) are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries. IFRS are progressively replacing the many different national accounting standards. The rules to be followed by accountants to maintain books of accounts which is comparable, understandable, reliable and relevant as per the users internal or external.

International Financial Reporting Standards IFRS are very important. It represents the principals and rules followed in preparing the financial statements. It is important for all stakeholders dealing with the financial statements to be familiar and have knowledge about IFRS. The extent required for such knowledge varies from an individual to another based on his / her relationship in the financial statements.

For example , the accountants and auditors need to have a deep knowledge and understanding of the IFRS as the accountants have the responsibility to prepare the financial statements and the auditors have the responsibility to give opinion on the financial statements , in the same time , a credit analyst in banks needs to have only a moderate knowledge about IFRS and to be familiar of the different accounting policies selected by an entity and how those policies will affect recognitions of revenues, expenses , assets and liabilities.

In Synergy Professionals, our founders and instructors with more than 10 years of experience each in applying IFRS in different industries and in teaching IFRS, will help you to get the level of understanding and knowledge required for your own business.

We can tailor the required course for your based on your needs.