Certified Financial Reporting Specialist (CFRS)-Self Paced

The Certified Financial Reporting Specialist program is a comprehensive certification designed to equip professionals with advanced knowledge and practical skills in financial reporting. The course delves into International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS), providing participants with the expertise to prepare, analyze, and interpret complex financial statements. By exploring real-world applications, participants will develop the competencies necessary to ensure compliance, enhance transparency, and support informed decision-making within organizations.

This program is ideal for accountants, financial analysts, auditors, and other finance professionals seeking to deepen their understanding of financial reporting and gain a competitive edge in the global market. The course includes detailed exploration of critical standards and practices, ensuring participants are well-prepared to navigate the evolving landscape of financial reporting.

- Provide a comprehensive understanding of fundamental accounting principles and IAS 1.
- Explore the preparation and interpretation of cash flow statements under IAS 7.
- Analyze inventory management and valuation under IAS 2 and accounting for property, plant, and equipment under IAS 16.
- Understand borrowing costs (IAS 23), government grants (IAS 20), and investment properties (IAS 40).
- Examine asset impairments (IAS 36), assets held for sale (IFRS 5), and intangible assets (IAS 38).
- Understand revenue recognition (IFRS 15) and accounting for leases (IFRS 16).
- Analyze accounting policies, changes in estimates (IAS 8), and provisions, contingent liabilities, and contingent assets (IAS 37).
- Explore income tax accounting (IAS 12) and earnings per share (IAS 33).
- Gain in-depth knowledge of financial instruments under IFRS 9.
- Learn consolidation techniques under IFRS 3 and IFRS 10.

M-1: Fundamental concepts of Accounting and IAS 1

M-2: Cash flow statement (IAS 7)

M-3: Inventory (IAS 2) & Property, Plant and Equipment (IAS 16)

M-4: Borrowing costs (IAS 23), Government grant (IAS 20) and Investment properties (IAS 40)

M-5: Impairment of assets (IAS 36), Assets held for sale and discontinued operation (IFRS 5) & Intangible assets (IAS 38)

M-6: Revenue (IFRS 15) & Leases (IFRS 16)

M-7: Accounting Policies, Changes in Accounting estimates and error (IAS 8), Events after the reporting period (IAS 10) & Provisions, Contingent assets and Contingent liabilities (IAS 37)

M-8: Income Taxes (IAS 12) & EPS (IAS 33)

M-9: Financial Instruments (IFRS 9)

M-10: Consolidation (IFRS 3, IFRS 10)

Pre Course Assignment

10 Practical Focus Module
6 Reference Book
Post Completion:
- Electronic Certificate
- Digital Badge via Credly.com
- Printed Certificate available

Financial Statement Preparation

Gain expertise in preparing financial statements in compliance with global standards, ensuring accuracy and transparency.

Cash Flow Analysis

Develop skills to prepare, interpret, and analyze cash flow statements, providing insights into organizational liquidity and performance.

Asset Management

Learn advanced techniques for managing inventories, fixed assets, and intangible assets, ensuring accurate valuation and reporting.

Compliance and Reporting

Master the application of borrowing costs, grants, and financial instrument standards to ensure compliance with IFRS and IAS.

Revenue and Lease Accounting

Understand the intricacies of revenue recognition and lease accounting to support consistent and accurate financial reporting.

Consolidation Expertise

Develop proficiency in consolidating group financial statements, addressing complexities in mergers and acquisitions.

Analytical and Interpretive Skills

Enhance the ability to interpret financial data, assess tax implications, and address contingent liabilities effectively.

Global Standards Adaptability

Build the capability to adapt to evolving financial reporting standards, ensuring relevance and accuracy in diverse contexts.

Master the preparation and presentation of financial statements in accordance with IFRS and IAS.
Develop the ability to interpret and analyze cash flow statements.
Demonstrate proficiency in accounting for inventories and fixed assets.
Understand the complexities of accounting for borrowing costs, grants, and investment properties.
Apply principles for impairment testing and manage intangible assets effectively.
Implement revenue recognition policies and lease accounting standards.
Evaluate accounting policies, handle changes in estimates, and address contingent liabilities.
Interpret income tax implications and calculate earnings per share.
Analyze and apply financial instrument standards.
Consolidate financial statements for group entities with confidence.

Features:

Features:
Duration: 4 Months
Short Video Materials: Yes
Mode of Learning: Self-Paced

Post Completion:

Electronic Certificate
Digital Badge via Credly.com
Printed Certificate available

Exam Method:

Number of Exams: 01
Number of Questions: 50 MCQ Questions
Duration: 60 Minutes
Total Marks: 100
Pass Mark: 70%

Assignment:

Total Assignments: 05
01 Pre-Course Assignment (Learning Purpose)
03 Class Based Assignment
- Total Marks: 100
- Pass Mark: 70%
01 Capstone Projects
- Total Marks: 300
- Pass Mark: 70%

Name: Joseph Otieno
Designation: Financial Analyst
Country: Kenya
"The Certified Financial Reporting Specialist course was incredibly insightful. It provided me with a deeper understanding of financial reporting standards and compliance requirements. The modules on IFRS and financial statement analysis were particularly useful for my role."

Name: Thandiwe Dlamini
Designation: Accounting Manager
Country: South Africa
"This course was exactly what I needed to enhance my financial reporting skills. The emphasis on preparing accurate financial statements and interpreting complex financial data was particularly valuable. I feel more confident handling audits and financial reports."

Name: Kwame Mensah
Designation: Auditor
Country: Ghana
"The CFRS course exceeded my expectations. It offered detailed guidance on consolidating financial statements and ensuring compliance with international reporting standards. The real-life case studies helped me apply the concepts directly to my work."

Name: Amina Bello
Designation: Finance Officer
Country: Nigeria
"This course gave me a solid understanding of financial reporting frameworks. The modules on cash flow statements, profit and loss analysis, and reporting accuracy were particularly beneficial. It’s a must-have certification for finance professionals!"

Name: Tinashe Moyo
Designation: Financial Controller
Country: Zimbabwe
"The Certified Financial Reporting Specialist course provided me with practical tools to improve the quality and accuracy of our financial reports. The focus on compliance, financial disclosures, and performance analysis was highly relevant to my role."

Certified Financial Reporting Specialist (CFRS)-Self Paced