A diploma in International Financial Reporting Standards (IFRS) is a highly reputed and immensely recognized course on a global platform. The syllabus taught in the duration of the course is the one prescribed by the Association of Chartered Certified Accountants (ACCA).
Furthermore, the model and difficulty level of the examination along with its competitiveness makes a diploma in IFRS look like a golden egg in the eyes of potential recruiters.
After you have successfully completed your diploma in IFRS, you can find several jobs in the accounting and financial sector of various industries. Above all, you are not limited to a single country. You and your opportunities both go global!
To be more specific, approximately 120 countries worldwide require IFRS for the companies that are domestically listed.
Job Opportunities After the Completion Diploma in IFRS ACCA
Here are three hand-picked professions you can diverge into after finishing your diploma in IFRS.
1. Accountants in Private Companies and MNCs
The IFRS guidelines were mandatorily implemented for companies in India only on the 1st of April 2011. Before April 2011, most companies had their own methodologies of reporting, which made cross-divisional and cross-company operations rather cumbersome.
The sudden shift into implementing IFRS guidelines after several years called for a significant boom in the demand for IFRS professionals by companies. Almost after a decade, the demand is still significant due to the rise of companies and startups.
This is not just limited to Indian companies. Multi-National Companies (MNCs) are also recruiting IFRS professionals like hot cakes from a baker because IFRS is globally recognized and the divisions of a company in one country should be streamlined with the other. For example, the accounts division of a branch in the UK should be able to work fluidly with the accounts division of an Indian branch.
2. Financial Consultants
IFRS experts have impeccable command over finances and financial planning. You can work as a financial consultant in consultancy firms or private companies and earn a hefty income.
You can even build your own freelance clientele if you have an extensive network. Many high-income working professionals hire financial consultants for themselves on a retainer basis. This is not only a good mode of earning satisfactory income but the work pressure would also be low because you do not have to work all day and night every day.
3. Teacher in the Finance Education Sector
If you have a passion for continuous learning and sharing knowledge, then taking up the role of an educator in the finance education sector is the right way forward for you!
The need for IFRS professionals and experts is on the rise in the education industry because most IFRS professionals take up jobs in corporate companies. Hence, an IFRS expert in the finance education sector will be well paid and greatly revered by all!
Conclusion
That was a bare minimum primer of what a professional IFRS diploma holder can explore. The financial sector is humongous, hence the opportunities are virtually endless!