Mercury Institute offers ACCA certificate and diploma in IFRS

Tuesday, 21 January 2014 00:07 -     - {{hitsCtrl.values.hits}}

As Sri Lanka gets ready for compliance with the International Financial Reporting Standards, finance professionals may wish to update and certify their knowledge through ACCA Certificate and Diploma in International Financial Reporting Standards. ACCA and their only platinum status tuition provider in Sri Lanka, Mercury Institute of Management have collaborated to make this qualification available in Sri Lanka to enable finance professionals to update their knowledge and also to certify the competency gained in this specialised field. The IFRS certificate and diploma addresses international financial reporting and first time application of international financial reporting standards and is designed to develop one’s knowledge of IFRS – providing an understanding of the concepts and principles which underpin them, and their application in the international marketplace. Not only students, but also professional accountants and auditors, working in the practice and industry who are qualified in accordance with national accounting standards, are eligible for this qualification. Outlining the value of the qualification, Mercury Business Development Manager Thilina Ukwatta stated: “The course covers key topic area such as International sources of authority, Elements of financial statements, presentation and additional disclosures and preparation of external financial reports for combined entities and joint ventures.” Emphasising on its curriculum, Wazeer Ahmed, a Chartered Accountant by profession and a renowned IFRS guru and the lecturer for ACCA financial and corporate reporting papers stated:  “On completion of the IFRS certificate and diploma candidates will be able to understand and explain the structure of the international professional and conceptual framework of accounting, apply relevant financial reporting standards to key elements of financial reports, identify and apply disclosure requirements for companies relating to the presentation of financial reports and notes; prepare financial statements of single entities and account for their key elements complying with specified International Financial Reporting Standards and other related pronouncements and prepare group financial statements, including subsidiaries, associates and joint ventures. Wazeer added: “Cert & Dip IFRS is a qualification which is flexible to your timetable, enabling you to fit your studies around your work and social commitments and can be completed in six to nine months.” Ukwatta pointed out the benefits that a student will gain by studying for this qualification at Mercury by saying: “The program will successfully be launched in early February as both full time (targeting students in finance and accounting) and part time (focusing on employed professionals in the accounting and finance industry linked to IFRS) batches. Further details of the program can be obtained from the Mercury ACCA Campus, www.mercury@edu.lk and via thilina@mercury.edu.lk.

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