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How it works
The course is self-contained, although students will benefit from having a copy of the IASB's International Accounting Standards book, which can be ordered from the IASB website.
If you are already applying IFRS at work and would like formal recognition of your skills, you can apply to take only the online CertIFR assessment. Equally you may not require a formal qualification but would value extra knowledge in this field. In this instance, you can opt for the course only.
Individuals can register online at any time during the year. Following payment by credit card access to the online course and assessments will be provided for a period of three months.
It is anticipated that the average student will take 20 hours to work through the course, therefore, as a member you can claim up to 20 units of verifiable CPD, and a further five units for successfully completing the assessment, as long as IFRS is relevant to your training and development needs.
In the online assessment, individuals must pass the one-hour multiple-choice questions assessment. The pass mark is 50%. Those who fail are allowed two attempts to re-sit this assessment. All attempts at the assessment must be conducted within three months of access to the online course. Candidates may repeat their assessment immediately if they wish. However, they are strongly advised to leave sufficient time before a retest in order to review the course and to consolidate their learning.
If a candidate still fails after three attempts at the assessment, they will have to pay a further registration fee and will be offered another three attempts to pass the assessment.