How Do I Choose the Best IFRS Training?

Kristie Lorette
Kristie Lorette
Woman with hand on her hip
Woman with hand on her hip

International financial reporting standards (IFRS) are standards that Certified Public Accountants, CPAs, and financial professionals must conduct their business in accordance with. These professionals learn how to implement these standards set by the International Accounting Standards Board (IASB), these professionals with IFRS training. To choose the best IFRS training, you first have to consider the type of learner you are, the location for the training, the price and the reputation of the training provider.

Start with evaluating the manner in which you learn the best. Typically, these fall into auditory or visual learning. You can narrow down your IFRS training options to those that match your learning style. For example, if you can hear someone talk about the standards and learn them this way, then a seminar, webinar, teleseminar or classroom instruction may all be options for you because all of these options have an audio component associated with learning.

Location may also play a role in your decision. If you are able to travel and be away from the office, then you can research programs that are out of town. If you cannot afford to be away from home or work for a period of time, then you should consider alternative options. You can identify local IFRS training courses or those offered online.

Price, or the cost, of the training is always a factor in choosing the best IFRS training. Determine the budget or amount of money you have available for the program. Consider travel expenses in addition to the actual cost of the course or training modules. You can further narrow down your options to those that fit your learning style location and budget.

You also need to consider the source for the information. For example, a professional accountant organization that has been running the IFRS training program it offers for the last decade has the quality reputation you are looking for in a training course. Try to read the reviews of other students that have taken the training course prior to settling on any one particular IFRS training option.

One of the reputable organizations that many professional CPAs turn to for training options is the American Institute of CPAs (AICPA). The organization offers special training courses as well as shares information on the accounting standards in its various publications throughout the year. Organizations such as AICPA offer different forms of the training so that you can still meet your other needs, such as style of learning, location and price.

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