Are you still confused about the IFRS and can’t seem to
figure why it is important for you as a chartered Accountant?
The in-depth knowledge of the International Financial Reporting Standard (IFRS) is very important for every Accountant.
I know you doubt me but here are few questions I have for you:
Are you an Accountant?
Are you planning to seat for the IFRS (ACCA Certificate or Diploma) exams?
Do you analyze financial statements?
Do you give investment advice to clients?
Or manage investment portfolios for local or foreign client?
Do you dream of working for a multinational company? Or an International NGO?
Are you willing to add value to your company by implementing the
International Financial Reporting Standards (IFRS)?
Do you work with an SME and you want it to go global?
Do you desire to give your Accounting career an endless possibility,which means, you can compete with anyone at any time in any part of the world?
Do you think knowledge is power?
Did you answer ‘YES’ to at least two of these questions?
Then the indepth knowledge of the IFRS is important for you .It will make you a better Accountant and guide on how to make your financial statements more transparent, more credible and make your statements very consistent anywhere in the world.
It will give you a better judgment on investment plans and Strategies, and also equip you on how to better manage your clients’ investment portfolios
It will open your Accounting Career to a world of endless possibilities. As an Accountant, you won’t be limited by local experience when you are updated with the international standards.
Interestingly, over 100 countries are currently adopting the IFRS, So get yourself updated and not outdated
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
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