Is In-Depth Knowledge Of IFRS A Must For Accountants?

Some of the question and arguments concerning IFRS are;

• “Are you saying that, as an Accountant, I must write an ACCA Diploma in IFRS Exams?”
• “IFRS knowledge is strictly for Accountant that works with multinational Accounting companies”
• “Don’t confuse us, we are Chartered Accountants already, we already know about IFRS”
• “I am still struggling to become a Chartered Accountant, I can’t kill myself abeg”
• “Only certified ACCA personnel needs the knowledge of IFRS”

Well, there is no basis for argument.

International Financial Reporting Standards (IFRS) has come to stay in Nigeria, it’s either you upgrade or be left behind.

The truth is that, if you belong to any of the categories below, then you need the knowledge and implementation of IFRS ;

• Those who analyze Financial Statements.
• Those who give Investment advice to clients.
• Those who manage Investment Portfolios

for Local and Foreign Clients.

• Those who just want to refresh their knowledge on IFRS.
• Those who want to upgrade their IFRS skill and competence.
• Those who plan to seat

for the IFRS (ACCA Certificate or Diploma) exams.

• Those who prepare and sign Financial Statements.
• Those who want to update their knowledge on IFRS.

P.S: Continuous learning is one of the keys to success in life.

Unless you try to do something beyond what you have already mastered, you will never grow. ― Ronald E. Osborn

An investment in knowledge always pays the best interest.― Benjamin Franklin

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