ACPM: International financial reporting standards
The "ACPM: International financial reporting standards" certification allows one to master the fundamental theoretical and practical aspects of the application of international financial reporting standards and obtain the status of a certified specialist in this field.
It is designed for specialists in accounting, auditing, finance, and specialists who work with IFRS accounting in private or public organizations.
Requirements for candidates
There are no strict qualification requirements for candidates. Basic knowledge of accounting and financial accounting is sufficient for certification.
Training program
Topic
- Goals, content, conceptual and methodological basis of financial reporting with IFRS.
- Types of assessments. Discounted value.
- Formation of the accounting policy of the company.
Skills
- Understanding the structure, key definitions, and concepts of IFRS.
- Calculations of the present value (discounting) by IFRS.
Topic
- Long-term tangible assets.
- Intangible assets and impairment of assets.
Skills
- Orientation in the requirements of international standards regulating the accounting of assets and liabilities.
Topic
- Current assets.
- Non-current assets intended for sale and cessation of operations.
- Reserves, contingent liabilities, and assets.
Skills
- Orientation in the requirements of international standards regulating the accounting of assets and liabilities.
Topic
- Financial instruments.
- Rent.
Skills
- Possession of tools for recognition, classification and disclosure of information about financial instruments.
- Basic calculations for financial instruments accounting and displaying their results in financial statements
Topic
- Recognition of income and expenses. Statement of Cash Flows.
Skills
- Recognition of income and expenses according to IFRS.
Topic
- Forms of investments in other companies.
- Mergers and consolidated financial statements.
Skills
- Preparation of a consolidated statement of financial position for a simple group.
- Calculation of consolidation adjustments, goodwill and non-controlling interest.
- Drawing up a statement of cash flows.
Topic
- Special topics of financial reporting — (IAS) 21, (IAS) 23, (IAS) 24, (IAS) 24, (IFRS) 1.
Skills
- Display of individual transactions in accounting and reporting by IFRS.
Topic
- Other aspects of financial reporting and accounting.
- Industry standards of financial reporting.
Skills
- Calculations related to the assessment of recognizing the item and its subsequent accounting and reflection in the financial statements.
Skills after completing the program
As a result of preparation for the "ACPM: International financial reporting standards" diploma exam, the candidate has the following knowledge and skills:
- Understanding the structure, key definitions, and concepts of IFRS. Objectives, content, and components of financial reporting. Free use of IFRS terminology.
- Possession of theoretical data, which are used during the preparation of financial statements by international standards.
- Solving practical problems. Ability to make calculations by IFRS and show them in financial statements.
- Submission of financial statements and disclosure of additional information.
Exam and diploma
Knowledge control takes place on an online exam. The official "ACPM: International financial reporting standards" diploma exam is held monthly according to the schedule. Registration is required to participate in it.
The exam consists of a test and a practical part. The total duration of the exam is 3,5 hours. The passing score is 60 (maximum score - 100 points).
The exam is conducted by administrators, and the completed assignments are checked and graded by ACPM-accredited instructors.
The exam result is sent by email after 2-3 weeks. If a passing score is 60 or above, the ACPM International Diploma is sent electronically with the results.
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