IFRS Training Program | RT Community College Group

Why IFRS Matters in Today's Global Economy

International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB) that are becoming the global standard for the preparation of public company financial statements. IFRS is used in over 144 countries, including the European Union, and is rapidly replacing local accounting standards worldwide.

Understanding IFRS is no longer optional – it's essential for finance professionals working in multinational corporations, international auditing firms, investment banking, financial analysis, and any organization with cross-border operations.

The Global Language of Financial Reporting

IFRS provides a common accounting language that increases comparability and transparency across international borders. Major economies including the UK, Australia, Canada, and China have adopted IFRS, while the US GAAP is increasingly converging with IFRS principles.

IFRS vs. U.S. GAAP: Key Differences

IFRS (International)

Principles-Based: Provides broad guidelines and general principles
Fair Value Focus: Emphasizes fair value measurements
LIFO Prohibited: Does not allow LIFO inventory valuation
Component Depreciation: Requires depreciation by significant components
Development Costs: Can be capitalized under certain conditions
Used in 144+ Countries: Global standard

U.S. GAAP

Rules-Based: Detailed, specific accounting rules and guidance
Historical Cost: Greater emphasis on historical cost
LIFO Allowed: Permits LIFO inventory method
Composite Depreciation: Allows group/composite depreciation
Development Costs: Generally expensed as incurred
U.S. Focused: Primary standard in the United States

Important: RT Community College Group's IFRS program is ACCA-aligned and prepares you for both IFRS application and the transition from U.S. GAAP to IFRS.

Comprehensive IFRS Curriculum

ACCA-aligned training covering all major IFRS standards and practical applications

Module 1

IFRS Framework & Conceptual Foundations

IFRS Conceptual Framework
Qualitative characteristics of financial information
Financial statement elements and recognition criteria
Measurement bases (historical cost, fair value, etc.)
IAS 1: Presentation of Financial Statements

Module 2

Revenue Recognition & Performance

IFRS 15: Revenue from Contracts with Customers
Five-step revenue recognition model
Contract modifications and variable consideration
Performance obligations identification
Disclosure requirements

Module 3

Financial Instruments

IFRS 9: Financial Instruments
Classification and measurement
Impairment (expected credit loss model)
Hedge accounting
IFRS 7: Financial Instruments Disclosures

Module 4

Leases

IFRS 16: Leases
Lessee accounting (right-of-use assets)
Lessor accounting (operating vs. finance leases)
Lease modifications
Practical expedients and exceptions

Module 5

Property, Plant & Equipment and Intangibles

IAS 16: Property, Plant and Equipment
IAS 38: Intangible Assets
Recognition, measurement, and depreciation
Revaluation model vs. cost model
Impairment testing (IAS 36)

Module 6

Consolidations & Business Combinations

IFRS 10: Consolidated Financial Statements
IFRS 3: Business Combinations
Control assessment and acquisition accounting
Goodwill and non-controlling interests
IFRS 11: Joint Arrangements

Module 7

Income Taxes & Employee Benefits

IAS 12: Income Taxes
Deferred tax assets and liabilities
IAS 19: Employee Benefits
Defined benefit vs. defined contribution plans
IFRS 2: Share-based Payment

Module 8

Cash Flow, Foreign Currency & First-Time Adoption

IAS 7: Statement of Cash Flows
IAS 21: Foreign Currency Transactions
IFRS 1: First-time Adoption of IFRS
Transition considerations and exemptions
Practical implementation challenges

Why Choose RT Community College for IFRS Training?

ACCA-aligned curriculum with original materials and expert instruction

ACCA-Aligned Materials

We use original ACCA training materials and test banks, ensuring you learn from the globally recognized authority on IFRS education.

Expert Instruction by Roberto Kamel

Learn from Roberto Kamel, MBA, CFM, CIA, CMA, IFRS, FMVA – a CFO and Financial Controller with 25+ years of international experience applying IFRS in real-world scenarios.

GAAP-to-IFRS Conversion Expertise

Understand the critical differences between U.S. GAAP and IFRS, with practical guidance on transitioning between the two frameworks.

Real-World Application

Move beyond theory with case studies, practical examples, and real financial statements prepared under IFRS from multinational corporations.

Online E-Learning Platform

Access our specialized e-learning platform 24/7 with recorded sessions, practice exercises, IFRS updates, and supplementary materials.

Stay Current with Updates

IFRS standards evolve constantly. We provide ongoing updates on new standards, amendments, and interpretations as they're issued.

Our IFRS Training Approach

1. Standard-by-Standard Mastery

We methodically cover each major IFRS standard, ensuring you understand:

The objective and scope of each standard
Recognition and measurement requirements
Disclosure and presentation requirements
Practical application and common challenges

2. Comparative Analysis

For each major topic, we compare IFRS with U.S. GAAP, helping you:

Identify key differences in principles and application
Understand conversion adjustments
Navigate dual reporting requirements

3. Practical Case Studies

Apply your knowledge through comprehensive case studies including:

Financial statement preparation under IFRS
Complex transaction analysis
First-time IFRS adoption scenarios
Industry-specific applications

4. AI-Enhanced Learning

Leverage AI implementation tools to:

Automate IFRS compliance checks
Generate disclosure notes efficiently
Analyze complex calculations

Roberto Kamel, MBA, CFM, CIA, CMA, IFRS, FMVA

CFO and Financial Controller | 25+ Years Experience

International IFRS Implementation Expert

Career Benefits of IFRS Expertise

Global Career Mobility

Work anywhere in the world with expertise in the international accounting language used in 144+ countries.

Multinational Opportunities

Qualify for positions in multinational corporations, international audit firms, and global financial institutions.

Enhanced Earning Potential

IFRS expertise commands premium salaries, especially in regions transitioning from local GAAP to IFRS.

ACCA Pathway

Our ACCA-aligned training prepares you for ACCA qualification and other international certifications.

M&A and IPO Expertise

Essential knowledge for companies going public internationally or involved in cross-border mergers and acquisitions.

Consulting Opportunities

Provide high-value consulting services for IFRS conversion, implementation, and ongoing compliance.

Who Should Enroll in Our IFRS Program?

Finance Professionals

CPAs, financial controllers, and accounting managers working in multinational environments

Auditors

Internal and external auditors auditing IFRS financial statements

Financial Analysts

Analysts evaluating international companies and comparing financial results across borders

Accounting Students

Graduates seeking to enhance their qualifications with globally recognized IFRS expertise

Transition Professionals

Those managing or implementing GAAP-to-IFRS conversions in their organizations

Corporate Teams

Finance departments transitioning to IFRS reporting or expanding internationally

Master International Financial Reporting Standards

Join RT Community College Group's ACCA-aligned IFRS training program and gain expertise in the global language of financial reporting.

ACCA-Aligned Curriculum Original ACCA Materials 25+ Years Expert Instruction GAAP-to-IFRS Expertise

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IFRS – International Financial Reporting Standards