This online project has been created in order to train specialists confidently pass uneasy exam on ACCA DipIFR (ru) with aim to obtain a high passing score!
This project includes mini-questions designed to check the skills in providing definitions, exercises to work out with texts of the standards, simple exercises to make estimations of initial and subsequent measurements. Broad case tests which require appropriate disclosure to financial reporting.
The project combines theoretical statements and practical tests which enable to master training material and enhance skills in passing ACCA DipIFR (Rus) exam. This resource consists of timely limited test questions.
It is worth to review this project as addition to the basic training and assistant in strengthening basic skills and knowledge on IFRS.
The course includes a great deal of vocabularies.
Study of gramma.
Improvement of speaking skills through conversation with a trainer and other participants of the group.
During the course you will learn following topics:
- Introduction of yourself, your colleagues and your family, conversation at a party.
- Jobs and places of work, solving work problems
- Travelling, travelling details, booking a hotel, a restaurant, order a meal, native city.
- Buying something (goods and services), product presentation.
- Types of colleagues. A start of business.
- Marketing solutions, presentation of the company, description of services.
- Plans for development of the company. Corporate culture.
- The skills necessary for the job, interview.
- Basis of internal audit
- Attribute standards
- Performance standards
- Fraud risks and controls
- Separate aspects of internal audit
Two new standards:
IFRS 9 “Financial instruments”
IFRS 15 “Revenue from Contracts with Customers”
Standards issued but not effective:
IFRS 16 Leases
Important changes in IFRS – 2018:
IFRIC 22 “Foreign exchange operations and prepayment”.
IAS 40 “Investment Property” – transfers of investment property.
Annual improvements of IFRS for 2014-2016.
Some features of IFRS application in practice:
How to determine the significance of the asset use under the IAS 36 “Impairment of assets”.
How to reflect equity risks under the IFRS 12 “Disclosure of information about participation in other organizations”.
Requirements to the audit documentation. Identification and measure of risks in the audit.
Code of ethics for professional accountants of the International Accountants Federation
General provisions. Structure of the code of ethics and its purpose.
The fundamental principles of ethics and the conceptual approach to their observance.
Application of a conceptual approach to adherence of the basic principles of ethics by auditors
General requirements to the audit documentation (ISA 230 Audit Documentation)
Documentation at the acceptance stage of the client
Documentation at the planning stage of the audit
Identification and assess of the risks of material misstatement
Issue of the audit report
Threats of personal interest.
Threats of self-control.
Threats of blackmail.
Part 1. Management accounting for decision-making.
Part 2. Financial management.
Part 3. International Financial Reporting Standards (IFRS).
Part 4. Corporate finance.
The objective of the course is to provide a detailed practical knowledge on International Financial Reporting Standards (IFRS) to professionals who have relevant practical experience in financial accounting.
During the training program there will be reviewed issues on preparation of financial reporting under IFRS both by an individual enterprise and a group of companies as well as issues on analysis and interpretation of financial reporting.
All program lessons and the exam are conducted in online format.
Records of all the lessons and handouts will be provided by a lecturer to a student forever.
This program lays down an excellent base for training in ACCA DipIFR program.
Planning and making analysis of costs in order to strengthen competitiveness.
Monitoring and assessing of the effectiveness of responsible clusters.
Making long-term decisions. Management control and risks.