Pursuance of course

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 April 2016 Dear Sir/Ma'am,

Kindly advice me when to pursue the IFRS Course as certified by the Institute.
Should I go for the Course after its Confirmed Applicability or Anytime ??

Regards.

Sathish M

Sathish M (Expert)
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03 April 2016 The certification course on IFRS conducted by ICAI is allowed only to its members. A member can attend the program as and when a particular branch or chapter intends to conduct the course. Get in touch with your local branch of ICAI to find out more details regarding the commencement of the certification courses.

Querist : Anonymous

Querist : Anonymous (Querist)

27 April 2016 thank you sir. but, I wanted to just confirm whether the approach to do this course should be anytime or when the applicability of the same is finalized and confirmed. kindly assist and advice.

Asha Kanta Sharma

Asha Kanta Sharma (Expert)
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10 August 2024 Deciding when to pursue an IFRS (International Financial Reporting Standards) course depends on your current situation, career goals, and the applicability of IFRS in your professional environment. Here’s a structured approach to help you decide:

### **1. Understanding IFRS Applicability**

- **Current Applicability:** Assess whether IFRS is applicable in your current role or industry. For instance, if you work in a sector or a country where IFRS is mandated or expected, having this certification can be advantageous.
- **Future Trends:** Even if IFRS is not currently applicable, consider industry trends and future regulations. IFRS is increasingly being adopted globally, and having a certification might provide a competitive edge.

### **2. Timing Considerations**

**1. **Immediate Relevance:**
- **Current Role:** If your current job or a prospective job role requires knowledge of IFRS, pursuing the course sooner rather than later can be beneficial.
- **Career Advancement:** If you're aiming for a role that demands IFRS expertise, completing the course in advance will position you better for these opportunities.

**2. **Strategic Timing:**
- **Anticipated Changes:** If IFRS is set to become applicable in your region or industry in the near future, enrolling in the course now could prepare you ahead of time.
- **Professional Development:** Investing in the course regardless of immediate applicability can be a proactive step for career growth and development.

**3. **Course Availability and Schedule:**
- **Course Schedule:** Check the availability of the course and any upcoming schedules. Sometimes, courses might have limited availability or specific dates that could affect your timing.
- **Certification Requirements:** Ensure you understand the certification requirements and how long it takes to complete the course.

### **3. Practical Approach**

- **Research and Plan:** Look into the details of the IFRS course, including the curriculum, duration, and costs. Evaluate how it fits into your current commitments and career goals.
- **Evaluate Your Goals:** Reflect on your career objectives and whether having an IFRS certification aligns with them. If it enhances your job prospects or aligns with your career aspirations, it might be worth pursuing sooner.
- **Industry Trends:** Keep an eye on industry trends and regulatory changes that might influence the importance of IFRS in your field.

### **4. Decision Making**

**- **If IFRS is Relevant Now:** Pursue the course as soon as possible to capitalize on its immediate benefits.
**- **If IFRS is Not Yet Applicable:** You can choose to pursue it based on industry trends, your career plans, or when you foresee a need for it in the near future.

**Summary:**
If IFRS is relevant to your current or future career plans, pursuing the course sooner might be beneficial. However, if IFRS is not immediately applicable, you can still plan to undertake the course when the applicability becomes clearer or as a part of your long-term professional development strategy.

Evaluating the course timing in the context of your career goals and industry requirements will help you make an informed decision.

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