icb-financial-reporting-and-regulatory-frameworks

ICB Short Course: Financial Reporting and Regulatory Frameworks

College: The Learning Group
Course: Certified Financial Accountant: Financial Reporting and Regulatory Frameworks
School: Bookkeeping and Accounting Studies
Programme Type: ICB – The Learning Group Short Course
Partner Institute: ICB – The Institute of Certified Bookkeepers
Award Type:
    • • Short Course Certificate from The Learning Group
    • • A Statement of Competence from the ICB showing the Unit Standards that you have completed (If you submit your POE to the ICB and if you successfully pass your exams that you must write with the ICB)
  • • A Unit Standard Certificate from FASSET for any Unit Standards that you have completed (If you submit your POE to the ICB and if you successfully pass your exams that you must write with the ICB)
Award Issued by:
    • • The Learning Group
    • • The ICB (If you submit your POE to the ICB and if you successfully pass your exams that you must write with the ICB)
  • • FASSET (If you submit your POE to the ICB and if you successfully pass your exams that you must write with the ICB)
Accredited by: Your Unit Standard Certificates will be accredited by FASSET
SAQA ID: This short course is based on part of the SAQA Qualification “National Diploma: Financial Accounting”, SAQA ID 20366
NQF Level: This short course is based on part of a SAQA Qualifications that has an NQF Level of 06
Course Duration: 7 – 9 months
Entrance Criteria: Successful completion of ‘Management Accounting Control Systems’

 

What is ICB Short Course: Financial Reporting and Regulatory Frameworks

This course will give you a good knowledge and understanding of Financial Reporting, especially with International Financial Reporting Standards (IFRS).

Entrance Requirements

Successful completion of ‘Management Accounting Control Systems’

Programme Duration

Recommended 7 – 9 months of study

Programme Outcomes

In order to complete the ICB Short Course: Financial Reporting and Regulatory Frameworks course, students will have to complete the following subjects:

Introduction to IFRSM

The framework of accounting
Presentation of financial statements
Property, plant and equipment
Investment property
Impairment of assets
Intangible assets
Inventories
Financial instruments
Leases
Provisions, contingent liabilities and contingent assets
Events after the reporting period
Revenue
Employee benefits
The effects of changes in foreign exchange rates
Accounting policies, changes in accounting estimates, and errors
Earnings per share
Income taxes
Statement of cash flows
Companies Act

Group Statements Volume 1

A group of entities and its financial statements: theory and background
IFRS 3 (AC 140) Business combinations
Consolidation at acquisition date
Consolidation after acquisition date
Intragroup transactions
Adjustments and sundry aspects of group statements
Consolidation of complex group
Interim acquisition of an interest in a subsidiary

Group Statements Volume 2

Sample questions 3, 10 and 11
AND/OR
Consolidated statement of cash flows

Assessment and Award

For this particular course, you will have to successfully complete and submit assignments prescribed by The Learning Group. Once you have successfully completed the necessary assignments prescribed by The Learning Group, you will be awarded with a Short Course Certificate from The Learning Group.

Also, once you have successfully completed the necessary assignments prescribed by The Learning Group you will have to successfully pass exams with the ICB.

In order to write exams with the ICB you will have to: 

• Apply to the ICB and register with them to write their exams
• Submit a Portfolio of Evidence to the ICB on the day of your exams

The Learning Group will help you every step of the way with this.

Upon successful completion of your exams, the ICB will certify you with a Statement of Competence showing the respective Unit Standards which you have completed and FASSET will award you with a Unit Standard Certificate for any Unit Standards that you successfully complete.

Accreditation

Please note that this programme is accredited by FASSET.

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