So, you have decid! that you simply must know IFRS well, and you ne! to start somewhere. How to approach this process correctly if you have no idea about its scale? Where to start studying IFRS and how to prepare yourself for this process?
Where to start studying IFRS and how to prepare yourself for this process?
Currently in Russia there are many offers from various IFRS specialist? training centers for studying IFRS:
from the simplest ones – “Introduction to IFRS” or “Basic IFRS Course”
to the complex, very popular IFRS course bas! on DipIFR
Many do not want to drag out the process of studying IFRS for a long time, and bulk sms germany go straight to DipIFR.
All paths are good in their own way, they have both pros and cons, but still, a Russian accountant who has never work! with IFRS ne!s to “mature” a little before making such a decision.
Think first of all, are you ready for the questions that are familiar to you to be question!? how the draas market is changing And you should be ready for this.
Are you ready to accept a completely different philosophy of accounting and reporting? canada data And yes, we are us! to the fact that in Russia accounting is regulat!, and in the new model we ne! to regulate the reporting process.
After all, how do many accountants form Russian reporting? Well, practically the program “1C” does it for them, and it happens in a few seconds.
Features of International Financial Reporting Standards
The IFRS system regulates the reporting process, and this may come as a surprise to you. There are many things to understand before reporting is done. For example, are your assets depreciat!?
Assets include fix! assets, intangible assets, inventories and investments – in IFRS, almost all assets, with a few exceptions, are test! for impairment.
IFRSs list possible evidence of impairment of various assets, but it may often require the exercise of professional judgment to answer the question: “Is impairment requir! to be recognis!?”
For example, sales of products have fallen this year and have not reach! a certain plann! indicator: “Is this a sign of impairment of the company’s capital assets?”