International Certification CertIFR SOEL – ACCA
In April 2019, an MoU was signed in London between SOEL and ACCA for the provision of the Certificate in IFRSs (CertIFR), for the first time in the Greek language.
What is CertIFR
Modern economies are based on cross-border transactions and the free flow of international capital. Today, more than one-third of all financial transactions are conducted cross-border, and this number is expected to increase. The G20 and other major international organizations, as well as many governments, business associations, investors, and members of the global accounting profession, support the goal of a single set of high-quality global accounting standards, such as IFRS, which form the core content of the CertIFR.
The CertIFR EL offers a broad introduction to the field of International Financial Reporting and the International Financial Reporting Standards (IFRS®).
Therefore, IFRS are a set of accounting rules for the financial statements of companies, aiming to make them consistent, transparent, and easily comparable worldwide.
The Program provides
- Understanding and applying the accounting principles governing IFRS
- Preparation of financial statements based on IFRS
- Ability to evaluate financial statements based on IFRS
Content:
Introduction: International Accounting Standards Board – The International Accounting Standards Board – Framework for the Preparation of Financial Statements
Financial Statements & Revenues: Presentation of Financial Statements – Accounting Policies, Changes in Accounting Estimates and Errors – Revenue from Contracts with Customers
Asset Elements: Property, Plant and Equipment – Intangible Assets – Investment Property – Impairment of Assets – Borrowing Costs – Accounting for Government Grants and Disclosure of Government Assistance – Inventories – Leases – Non-current Assets Held for Sale and Discontinued Operations – Agriculture – Exploration for and Evaluation of Mineral Resources
Liabilities & Financial Instruments:
Provisions, Contingent Liabilities and Contingent Assets – Events After the Reporting Period – Income Taxes – Employee Benefits – Financial Instruments – Share-based Payment – Fair Value Measurement – The Effects of Changes in Foreign Exchange Rates – Financial Reporting in Hyperinflationary Economies
Consolidated Financial Statements: Separate Financial Statements – Investments in Associates and Joint Ventures – Business Combinations -Consolidated Financial Statements
Disclosures: Statement of Cash Flows – Related Party Disclosures – Earnings Per Share – Interim Financial Reporting – Insurance Contracts – First-time Adoption of IFRS – Operating Segments
Current Developments: Convergence of IFRS with UK GAAP & US GAAP
The instructors of the SOEL/ACCA CertIFR program are recognized, certified professionals with extensive educational and professional experience, ensuring the delivery of high-quality education and the connection of the theoretical content of IFRS to real-world situations.
The CertIFR, delivered for the first time in Greek by IESOEΛ, comes to further reinforce the collaborative efforts of SOEL and ACCA in promoting and developing the financial and audit-accounting profession in Greece.
What are the benefits
- International Recognition: International Financial Reporting Standards are the global standards for the preparation and presentation of financial statements. The Certification is recognized worldwide by regulatory bodies, employers and financial institutions. Therefore, it is an important addition to the resume of a professional in the fields of accountancy and finance.
- Plenty of Career Opportunities: Persons with Certification in IFRSs have competitive advantage in the labor market.
- Upgrading and deepening professional skills: The knowledge acquired by holders of the Certification allows them to make informed decisions about financial management.
Kleio Skoularikou: cpa.education@soel.gr
CertIFR is addressed to:
- Certified Public Accountants and Auditors
- Financial Managers
- Accounting Managers and Executives
- Executives involved in the preparation of financial statements
- Financial Analysts
- Freelancers, economists and accountants
- Graduates of economics schools
The CertIFR in the Greek language includes online and in-house course programs. The examinations are conducted in the Greek language and take place online at a time when chosen by the candidates with multiple-choice questions.
Training Program
The preparation seminars are held at least twice a year, offering 48 hours of classroom instruction and an additional 20–30 hours through an online platform.
Examinations
The exams for the S.O.E.L./ACCA CertIFR certification are conducted in Greek and take place via computer-based testing. The exam lasts one hour and consists of 25 multiple-choice questions. A minimum passing score of 50% is required to obtain the Certificate.
Cost
The exam participation fee is £150 (approximately €180) for members and £180 (approximately €210) for non-members. This fee covers three (3) attempts within six (6) months.
The training cost is €660 for members and €750 for non-members and includes:
A training manual in Greek along with practice exercises for each standard
Access to an online platform with educational material in Greek
A revision course focused on exam preparation
