Where should I take an IFRS course

IFRS Accountant

IFRS Accountant - What is it?

As an IFRS accountant, you are an expert in international accounting. IFRS stands for International Financial Reporting Standards. Since 2001, these have been the internationally recognized uniform guidelines for the combination of economic activities of companies. They also facilitate the evaluation of company annual financial statements. IFRS accountants take on responsible tasks in external accounting, such as the annual financial statements. With further training to become an IFRS Accountant, you recommend yourself for your further rise on the career ladder and you can count on an above-average salary.

Where can I do further training to become an IFRS Accountant?

As a sub-area of ​​external accounting, further training to become an IFRS accountant is possible in face-to-face and distance learning courses. The following overview shows you where you can complete further training to become an IFRS Accountant:

You can also deepen your knowledge in the field of IFRS as part of the training to become an international accountant. International accounting forms part of this training.

requirements

In contrast to training as a tax advisor, there are no uniform requirements for further training as an IFRS accountant. Vocational training or equivalent work experience is recommended, but not compulsory.

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In some cases, however, the institutes require a university degree and 1 year of relevant professional experience. In addition, good English and IT skills are of great importance for all courses as well as for your professional activity.

Procedure and content

The range of further training to become an IFRS accountant is rather limited. Only a few providers have a corresponding course in their program. The courses last between 5 days and 12 months and cost between € 480 and € 2,080. Since IFRS Accountant is not a protected professional title, there is no prescribed further training path.

Content

The further training to become an IFRS accountant imparts extensive and practical knowledge of international accounting in accordance with IFRS. These basic principles are indispensable for the preparation of annual financial statements for international companies.

The further training to become an IFRS Accountant usually deals with the following topics:

  • Goals of international accounting
  • Structure of the IFRS framework
  • Property, plant and equipment
  • Intangible assets
  • Financial assets
  • Stocks
  • liabilities
  • accruals
  • Equity

graduation

As a rule, you complete the further training to become an IFRS accountant with an in-house certificate of participation. Some courses also prepare for the Certified IFRS Accountant exam at the German Institute for Certification in Accounting (DIZR). In addition, there is the possibility of taking a preparatory course for the examination in international accounting before the Chamber of Commerce and Industry (IHK).

The profession of IFRS accountant

Growing international competition requires large companies to compare their annual financial statements. It is important to observe the rules of the International Financial Reporting Standards (IFRS). IFRS accountants specialize in this area and are characterized by extensive knowledge of accounting and data preparation. You are responsible for preparing annual reports taking into account international standards.

Places of work

The following selection will give you an insight into possible workplaces for IFRS accountants:

  • Accounting, IT and legal departments of service, industrial or commercial companies
  • Tax authorities
  • Accounting firms

activities

IFRS accountants are specialists in international accounting and mainly prepare annual or monthly financial statements for companies or companies. Other possible activities are:

  • Accompany and review capital processes from the transaction to the annual financial statements
  • Compile and present balance sheets
  • Advising companies on trade laws
  • Check investments of intangible assets, such as work or time, in companies for profitability

Career prospects

IFRS accountants currently enjoy excellent career prospects. Whether in the service sector, industry or trade, every company that operates internationally benefits from the work of IFRS accountants. The specialist knowledge of the rules of international accounting ensures the economic comparability of the companies. In all industries, IFRS accountants are an important interface between accounting tasks and the documentation and presentation of annual balance sheets.

salary

If you have specialized in the field of international accounting, you can look forward to a high income as a specialist. The exact amount of your salary as an IFRS Accountant depends primarily on the size of the company and the industry in which you work. As an expert in the field of IFRS and with 3 to 5 years of professional experience, you can expect a gross salary of € 3,500 per month. If you make it to the management level, top salaries of over € 4,600 are possible.