ICAEW IFRSs Learning and Assessment Programme
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ICAEW (The Institute of Chartered Accountants in England and Wales) is a world leading professional membership organisation that promotes, develops and supports over 140,000 chartered accountants worldwide. They provide qualifications and professional development, share their knowledge, insight and technical expertise, and protect the quality and integrity of the accountancy and finance profession. Their IFRSs learning and assessment program is a Certificate level, self-study online learning program covering International Financial Reporting Standards for use in the private sector.
The ICAEW IFRSs learning and assessment programme helps to develop and demonstrate:
- Proficiency in accounting based on International Financial Reporting Standards
- Ability to understand and apply IFRS principles in standard business situations
- Competence in the production of IFRS-compliant financial statements
- Knowledge of the impact on your organization of transitioning to IFRS
- Capability in understanding and interpreting published financial statements
- Competence when making business decisions based on financial information
- Attainment of a professional credential from a prestigious international institute
- Enhanced credibility when offering professional services (e.g. audit) on financial reporting issues
For those individuals looking to enhance their career prospects in international accounting, the ICAEW Certificate in IFRS provides independent and prestigious proof of the holder’s IFRS knowledge and understanding. View client feedback below on the IFRSs learning and assessment programme.
For more information about any of the above or to register, please contact us.
For information about the ICAEW IFRS for SMEs learning and assessment programme please visit our ICAEW Certification page.
Details about the ICAEW IFRSs learning and assessment programme
Assessment: The ICAEW IFRSs learning and assessment programme is self-taught, and is assessed online in an ‘open book’ environment where the official IASB standards and other suitable publications can be used. Candidates will have a time limit of 2 hours to complete the online assessment, and must achieve a score of 60% in order to pass. The assessment comprises 60 multiple-choice test questions drawn from a bank of many hundred such questions.
Candidates can take the assessment at any time - and as often as they wish - during their 12 month registration period.
The assessment is available through any internet connection, and is accessed using a unique login code that is provided to each candidate when they register. Upon successful completion of the online assessment, candidates will be able to immediately download and print off a personalized ICAEW certificate which demonstrates their professional achievement in IFRS knowledge.
Preparation and Study: The exact time required to prepare for and pass the ICAEW Certificate in IFRS is dependent on the candidate’s prior knowledge and experience of IFRS, but is estimated to be the equivalent of 70 hours of full time study on average.
Exam preparation can be done using the official ICAEW self-study materials that are provided upon registration, and / or by attending an IASeminars IFRS training course, which we offer in several formats, including e-learning. Candidates are also free to prepare for the ICAEW Certificate in IFRS in any other manner that they choose.
Learning Options and Prices:
Self-study Materials + Official Assessment: GBP 450 / USD 730
Prices exclude postage, packing and UK VAT (where applicable).
All candidates will receive the official ICAEW Certificate in IFRS Handbook, together with a 12-month access to the online learning environment.
The interactive online learning environment includes:
- the online assessment
- an overview of IFRS
- examples and illustrations
- self-test questions and answers
Following registration and payment, full instructions and a unique login code will be emailed to candidates, who will then have 12 months of online access for learning and assessment purposes.
Please contact us for further information and to register.
IASeminars IFRS training courses
Sold separately from the ICAEW IFRSs learning and assessment programme, our instructor-led IFRS seminars represent an effective supplement to self-study for the ICAEW Certificate in IFRS, and are offered around the world in a variety of formats. Candidates should select an IFRS training course that is appropriate for their learning needs and prior background.
Feedback from candidates for the ICAEW IFRSs learning and assessment programme:
I am very happy with the course. It was difficult, but very comprehensive. The learning modules broke the information down in logical chunks, which enhanced understanding of the material. I spent more than double the recommended time on the course and crammed it into 6 months. The exam was very hard, but that’s good. I did receive the Certificate and I am using the information daily. The ICAEW course was excellent. Since the UK has been reporting under IFRS since 2005, their experience in its application allows for first-rate instruction. I am very pleased with the programme.
The examples and questions given in the module are effective in enforcing the concepts.
(Bernadette Villareal, The Argus Group, Bermuda).
I have completed the online modules. Overall the modules are a good tool to reinforce the text.
I have been really happy with the materials and thought that the exam was thorough. I like the flexibility of self study and the on-line exam format. The overall study materials were great - they covered the standards well and prepared you to pass the exam. One concern I had when I purchased the program was that it perhaps was written in a way that was hard to understand coming from a US perspective – I was uncertain if there would be slightly different terminology and perhaps comparisons to British GAAP – this concern turned out to be unfounded. The materials are not comparative to any other standards, the focus is on IFRS and the terminology is not a problem.
I have found the online ICAEW program material even better because of the user friendly format and high quality simple and lucid content. And I am relying completely on this, while preparing to take the certificate exam in the next 2 weeks.
Based on my experience on studying the IFRS certificate materials so far, I found this program helpful for understanding the basis of IFRS. I think the materials in the program outline the overall IFRS by taking a simplistic approach of reinforcing the basic concepts of IFRS and the elements used in the financial reporting, and the applications of IFRS. The materials (both, online and the textbook) are easy to follow and are not complex. The contents of the online materials and textbook are the same, but since the online materials have additional features such as interactive functions, practice questions and module tests, which are not in the textbook, I could just study and follow the online materials and use the textbook as a reference.
My firm works with a lot of international companies that are on IFRS, and we see that as a growth area with opportunities for consulting engagements. We had a group that were interested and all took the exam at around the same time. I personally wanted to solidify my IFRS knowledge and also wanted a certification from a reputable organization which demonstrated that I had mastered the material. I was not interested in any of the programs where you just have to show up and sit through the lessons.