Due to globalisation in the business environment, common platform in accounting and financial reporting across countries was required. Considering this need, International Accounting Standards Board introduced a set of reporting standards viz. International Financial Reporting Standards which are mandated / permitted to be implemented in more than 140 countries across the globe.
The Ministry of Corporate Affairs (MCA) has mandated certain Indian companies to implement Indian Accounting Standards (Ind AS) which are converged with International Financial Reporting Standards in a phased manner from 1 April 2016 onwards while preparing the financial statements. Further, Indian GAAP is also gradually getting aligned to Ind AS.
Thus, knowledge of Ind AS and International Financial Reporting Standards will create several local and global employment opportunities for a financial professional.
Diploma in IFRS (DipIFR) accredited by ACCA, UK offers a credible and globally recognized qualification in International Financial Reporting Standards.