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How Do I Choose the Best IFRS Classes?

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  • Written By: Jennifer Leigh
  • Edited By: Lauren Fritsky
  • Last Modified Date: 22 November 2016
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There are a number of ways to learn about the International Financial Reporting Standards (IFRS), including topical classes and general knowledge classes. IFRS classes should be accredited by the IFRS Foundation, and you should choose classes that are recommended by this not-for-profit organization. Your current level of knowledge, in both general accounting and IFRS, can also help you determine the IFRS classes that are best-suited for you. For example, if you are interested in learning about implementing IFRS into your current business, you can choose a class specifically made for this purpose.

IFRS classes are offered in the form of workshops, which typically last from one to three days. The IFRS Foundation makes an effort to offer workshops and classes in many major cities throughout the world, so that you can choose the closest location to you to attend a class. Online classes are also offered if you are unable to attend classes due to your location or schedule, and should be chosen because the instructor is knowledgeable in IFRS. Many large financial companies offer IFRS classes that can help you learn and receive a certification in the subject

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Classes are offered in both topical and broad-category formats, depending on your interests. If you are relatively unfamiliar with IFRS, you should try to find a beginner's level course on the subject, as the accounting principles are complicated. The IFRS Foundation offers a beginner's level course that lasts for approximately two days and teaches you about accounting policies, assets, and liabilities. Once you have mastered the basics, you can move into the more difficult and detailed areas of IFRS that include information on contracts and advanced financial reporting. There are also many specific courses offered on subjects such as developments in technology, implementation of IFRS, and fair-value reporting.

You can also take IFRS classes to become an IFRS trainer, if this is an area that interests you. Choose classes that are being taught by instructors or trainers who are approved by the IFRS Foundation for the highest standards of education on the subject. Once you have taken IFRS classes to become a trainer, you can effectively teach the information to others. Certificates are also offered in different areas of IFRS, so choose a program that leads to certification if this is important to you or needed to qualify for a particular job.

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