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Start Date

June 2025



Duration

6 weeks



Fees

AED 2,800 (In Person)
AED 1,800 (Online)
20% discount for MDX students & alumni



Programme Leader

Ahmed Elahi
Pallavi Kishore

Programme overview

In partnership with the Phoenix Financial Training Institute we are pleased to launch a financial reporting course offering a broad introduction to the field of International Financial Reporting and International Financial Reporting Standards (IFRS). It traces the history of the International Accounting Standards Board (IASB) from its early roots through to recent changes, updates and future developments.

The qualification is structured in an accessible and user-friendly way that underlines key information and provides useful summaries. It examines and breaks down specific standards topic-by-topic. There are case studies, which are based on real-life examples, and many exercises, multiple-choice questions and sample answers for you to test your knowledge as you progress through the course.

Phoenix Financial Training

The Phoenix Financial Training Institute is one of the largest specialists in professional accountancy and finance qualifications with 17 years’ experience in the UAE and Oman and has been approved ACCA platinum approved for the past 14 years.


Key skills you will gain throughout the programme include:

  • Understanding how International Financial Reporting Standards (IFRS) are used around the world
  • Discover how the International Financial Reporting Standards Foundation (IFRSF) / International Accounting Standards Board (IASB) work and how these are being changed
  • Examining the fundamental requirements of IFRS on a standard-by-standard basis
  • Understand how to provide guidance on how to use IFRS in practice

Programme Information

All enrolled students who successfully pass their ACCA exam will be awarded a certificate from the ACCA and a certificate of participation from Middlesex University Dubai.

The fees for the programme include the ACCA examination fee.

Who will I be taught by?

Ahmed Elahi

Ahmed is an ACCA Fellow (ACCA member with over 5 years’ experience) with a Bachelors Hons degree in accounting and finance, a UAECA member and holds the Certificate in IFRS qualification.   
Ahmed has over 9 years of experience in accounting and finance, focusing on the F&B/Hospitality industry and has implemented accounting systems across different sectors.

Ahmed has a unique ability to deliver financial subjects with a holistic perspective grounded in real-world scenarios. In 2023, he was awarded the tutor excellence award selected by the students that had studied the ACCA qualification with him.

PROGRAMME DELIVERY

The programme can be delivered online or in person.

In-Person Classes

For in person delivery the programme will be delivered over the course of six weeks at Middlesex University Dubai, Dubai Knowledge Park.

Online Classes

For online delivery, participants will receive pre-recorded videos of the programme to study in their own time. The videos will approximately be equal to 17 hours of recorded content.

Participants who choose the pre-recorded video will also gain access to an online content folder and will be added to a WhatsApp group managed by the same tutor delivering the session. Participants will also have weekly webinars on zoom to review key areas of the course you will also be able to virtually interact with the other students and participate in fun online quizzes..

Programme Modules

  • The origins of the International Accounting Standards Board (IASB®)
  • The structure of the IFRS Foundation
  • International Accounting Standards (IAS® Accounting Standards), and International Financial Reporting Standards (IFRS® Accounting Standards) that are currently in issue
  • The Conceptual Framework for Financial Reporting.

  • A brief summary of the adoption of International Financial Reporting Standards (IFRS® Accounting Standards) in different jurisdictions
  • The growth of the International Accounting Standards Board (IASB®)

  • Presentation of Financial Statements
  • Revenue from Contracts with Customers
  • Accounting Policies, Changes in Accounting Estimates and Errors.

  • Property, Plant and Equipment
  • Investment Property
  • Borrowing Costs
  • Non-current Assets Held for Sale and Discontinued Operations

  • Intangible Assets
  • Impairment of Assets
  • Accounting for Government Grants and Disclosure of Government Assistance
  • Inventories

  • IFRS 16 Leases
  • IAS 41 Agriculture
  • IFRS 6 Exploration and Evaluation of Mineral Resources

  • Financial Instruments: Presentation
  • Financial Instruments
  • Financial Instruments: Disclosures
  • Fair Value Measurement
  • Insurance Contracts

  • Provisions, Contingent Liabilities and Contingent Assets
  • Employee Benefits
  • Income Taxes
  • Share-based payment

  • Consolidated Financial Statements
  • Separate Financial Statements
  • Business Combinations

  • Joint Arrangements
  • Investments in Associates and Joint Ventures
  • Disclosure of Interests in Other Entities
  • The Effects of Changes in Foreign Exchange Rates
  • Financial Reporting in Hyperinflationary Economies

  • Statement of Cash Flows
  • FRS 8 Operating Segments
  • Related Party Disclosures
  • Earnings Per Share
  • Interim Financial Reporting
  • Events after the Reporting Period
  • IFRS 1 First-time Adoption of IFRS

  • The IFRS for SMEs Accounting Standard
  • The FASB and US GAAP
  • Principle differences between IFRS Accounting Standards and US GAAP
  • Indian GAAP