IACAFM - IFRS International Financial Reporting Standards: Study Guide and Preparatory Material

Study Guide for Preparatory Material for the IACAFM Certificates and Diplomas: IAFC - International Accounting and Finance Certificates : - IAFC First Degree / - IAFC Specialist Certificates / - IAFC Advanced / DipIAF - Diploma in International Accounting and Finance. This comprehensive guide published by Watson provides excellent guidance and clarity for practical applications and understanding of IFRS. This book offers practical application to complex concepts in and IFRS in a variety of situations that may arise in practice. As a result, it simplifies the application of IFRS standards and interpretations specific to real-world situations. Following the market trends, the IACAFM - International Association of CertifiedAccountants and Financial Managers (based in the UK), carefully prepared this study guide that is used as preparatory material for the Certificates issued by IACAFM on IFRS : "IAFC- International Accounting and Finance Certificates ". Additionally, this book is also used to obtain the DipIAF (International Diploma in Accounting and Finance). Certifications issued by IACAFM can be made at any time and by all professionals and academics interested. Certainly, professionals which have an international certification will have a competitive advantage in the market to prove their knowledge on the subject - The book is divided by large areas of accounting; - Practical approach to illustrate the main differences that you need to know to make your IFRS conversion project easier; - You save time by going straight to the point to understand the main differences in an objective and concise way; - Includes requirements for measurement / disclosure for IFRS preparers; - Can be used as a quick reference guide to IFRS, which will enhance your understanding to all situations that may arise in practice; - Has a simple guideline on interpretation and application of massive IFRS standards and interpretations; - Relevant work in the academic and professional fields; - It includes several critical comments about disclosures required under IFRS; - You will find many relevant aspects or accounting treatments that you need to know to apply the rules of IFRS. The introduction of IFRS in more than 120 countries around the world brought a great challenge for accountants, internal and external auditors, tax authorities and users of financial statements of listed entities, financial institutions and insurance companies in the world. The challenge is to precisely understand the key differences in accounting treatment of the various elements of financial statements compared with the local accounting standards, the exemptions and accounting policy choices that entities that adopt IFRS can enjoy. Additionally, IFRS brought a lot of prospective financial information, financial risk disclosures and other significant elements that were not considered in accounting practices prior to their adoption. IFRS certainly brought more transparency about these important elements of risk. Consequently, all accounting professionals who are directly involved in the analysis of balance sheets of companies adopting IFRS should be updated and prove that they have knowledge about the basic elements of these standards. The large number of professionals, academics, accountants and financial analysts indicates that professionals must keep up with this new market trend and evolution of IFRS. Updated with the new IFRS developments and includes measurement and disclosure requirements for all IFRS preparers and First-Time Adopters (FTAs) of IFRS.