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What You Really Need to Know About

ACCA and IFRS

The most recognized certification for the accountant worldwide is that of ACCA (Association of Chartered Certified Accountants), a British entity. And one of the most adopted standards for international accounting standards is IFRS (International Financial Reporting Standards).

In ACCA certification, students study IFRS for 3 exams: Financial Accounting, Financial Reporting and Strategic Business Reporting.

Conclusion: when you become ACCA certified, you already achieve two important goals with global recognition. That is, an effort and two awards: ACCA and IFRS.

We’ll talk more about them below:

ACCA

ACCA was founded in 1904. It is the fastest growing global body of professional accountants in the world, helping people across the globe to become successful finance professionals. ACCA is one of the most recognized international certifiers of finance and controllership professionals, with more than 200,000 members.

The ACCA international postgraduate program (taught in English) is equivalent to a UK Masters degree and is well recognized internationally. Students can also obtain a Masters degree from the University of London by meeting some additional requirements in addition to the ACCA certification.

With the qualifications that ACCA certifies you will have job opportunities globally, having access to the network of ACCA professionals.

The qualifications you will need to have to qualify for the ACCA certification are:

  • Complete a maximum of 13 exams depending on your previous study
  • Complete the Ethics and Professional Skills module
  • Prove at least 3 years of experience in relevant accounting and controllership activities
    The student can complete certification in approximately 3 to 4 years.

IFRS

IFRS (International Financial Reporting Standards) is financial reporting to a worldwide standard. IFRS is the hottest thing in the corporate world.

They are the standards issued by the International Accounting Standards Board (IASB). Among the main advantages of IFRS are:

  • Offer a unique language to express the financial and economic language of corporations
  • Facilitate the demonstration and reading of companies’ balance sheets
  • Used in over 110 countries, including Brazil.

Anyone studying IFRS will be able to:

  • Explain how the International Financial Reporting Standards work and how they are being maintained
  • Examine all fundamental IFRS requirements in a standardized way and provide guidance on how to use it in practice
  • Prepare financial statements in accordance with IFRS.

CONCLUSION

Planning your career and creating limitless opportunities is fundamental to developing your future. Get started now.

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