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IFRS: Financial Instruments, Leases & Revenue

The International Financial Reporting Standards (IFRS) course by Open Source equips accounting, finance, and reporting professionals with authoritative knowledge to ensure compliance in over 140 jurisdictions. It solves the critical pain point of inconsistent financial reporting by delivering globally aligned, audit-ready skills, allowing you to master complex requirements such as IAS 16 and IFRS 9. This self-paced course provides the technical expertise needed for accurate financial disclosures. Please note that while this program focuses on IFRS standards, the FSA Credential is a separate, distinct certification focused on sustainability-related financial disclosures. Open Source provides comprehensive learning resources to accelerate your career in global finance.

40 Hours (5 Days)
Live Online / Classroom
24+ professionals trained

Training Formats & Pricing

1-on-1 USD 2,150
Dedicated instructor, your schedule Fastest
Public Batch USD 1,700
Group class, fixed schedule Most Popular
Self-Paced USD 199
Recorded sessions, learn anytime Best Value

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Course Overview

The International Financial Reporting Standards (IFRS) course by Open Source is designed for finance professionals, auditors, and accounting consultants seeking mastery in globally accepted financial reporting frameworks. This program prepares candidates for the FSA Credential, a respected certification offered by the IFRS Foundation that validates expertise in sustainability-linked financial disclosures. Ideal for roles such as Financial Reporting Analysts, Audit Managers, and Sustainability Assurance Providers, the course addresses growing industry demand—over 140 countries now require or permit IFRS for publicly traded companies, driving employer adoption across multinational corporations and Big 4 accounting firms.

Participants engage with a suite of open-source tools and platforms that support real-world IFRS implementation, including Laravel-based Eloquent IFRS for generating IFRS-compliant financial statements, IIAA for AI-assisted IAS/IFRS analysis, and fac-ifrs for validating fundamental accounting concept relations using XBRL taxonomies. The hands-on lab environment leverages GitHub-hosted repositories where students configure multi-entity accounting systems, implement double-entry bookkeeping, and generate Income Statements and Balance Sheets in compliance with IFRS standards. A key project involves building a full financial reporting module for a simulated multinational entity, complete with currency translation, VAT handling, and year-end closing procedures, ensuring practical readiness for complex reporting scenarios.

This Open Source IFRS training directly supports certification through the FSA Credential pathway, which is globally recognized for its rigor in integrating sustainability disclosures with financial performance analysis. Certified professionals report salary increases, with IFRS-skilled finance roles in India ranging from ₹7–30 lakh annually and international markets offering even higher compensation, particularly in consulting and audit leadership roles. Koenig Solutions enhances preparation with 1-on-1 training and Guaranteed-to-Run batches using official courseware, ensuring structured learning. Graduates are positioned to lead in evolving financial reporting landscapes, driving compliance and strategic decision-making in organizations navigating global regulatory standards.

What You'll Learn

Classify and record financial transactions in accordance with IFRS 9 Financial Instruments to maintain accurate reporting standards.
Prepare comprehensive financial statements compliant with IAS 1 Presentation of Financial Statements to enhance global transparency.
Analyze revenue recognition patterns by applying IFRS 15 Revenue from Contracts with Customers to support informed business decision-making.
Calculate lease liabilities and right-of-use assets under IFRS 16 Leases to accurately reflect financial obligations in statements.
Reconcile asset valuations and impairment testing following IAS 36 Impairment of Assets to ensure precise measurement.
Disclose complex financial data as required by IFRS 3 Business Combinations to meet international regulatory requirements and build stakeholder credibility.

Skills You'll Gain

IFRS Framework IFRS Presentation IFRS Recognition IFRS Measurement IFRS 9 IFRS 15 IFRS 16 IFRS 17 IFRS Consolidation IFRS Disclosures IFRS Compliance IFRS Reporting IFRS Conversion IFRS Implementation IFRS Audit Advanced IFRS

Prerequisites

Recommended knowledge before taking this course
  • Required: Degree in Finance/Accounting or equivalent professional certification (CPA/ACCA/CIMA) to ensure foundational competency for the International Financial Reporting Standards (IFRS) curriculum provided by the Open Source open-access platform.
  • Required: Minimum 2 years of experience in financial accounting to ensure practical application of the International Financial Reporting Standards (IFRS) by Open Source.
  • Recommended: Proficiency in double-entry bookkeeping and accrual accounting principles to facilitate the study of International Financial Reporting Standards (IFRS) by Open Source.
  • Recommended: Working knowledge of the IASB regulatory framework and international cross-border financial reporting requirements to support the International Financial Reporting Standards (IFRS) by Open Source.
  • Recommended: Demonstrated experience in applying accounting standards within a multinational corporate environment to maximize the utility of the International Financial Reporting Standards (IFRS) by Open Source.
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Certification Exam

Everything you need to know about the IFRS: Financial Instruments, Leases & Revenue certification exam

Exam Details
Exam Name
Format
Multiple choice, labs & case studies
Questions
Duration
Passing Score
Validity
Retake Policy
The $450 registration fee includes three attempts to pass the International Financial Reporting Standards (IFRS) assessment.
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IFRS: Financial Instruments, Leases & Revenue

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What's Included in Your Training

Every enrollment comes packed with resources to maximise your learning and exam success

Career Outcomes

82%

of IFRS: Financial Instruments, Leases & Revenue certified professionals report career advancement within 6 months

Salary Impact

+22%

Average salary increase reported after obtaining the IFRS: Financial Instruments, Leases & Revenue certification

Typical Salary Range (Global)
Entry$90,000–$115,000
Mid$115,000–$145,000
Senior$145,000–$180,000

*Source: Glassdoor / LinkedIn 2025

Job Roles

6
  • Financial Reporting Specialist
  • IFRS Consultant
  • Audit Manager
  • Financial Controller
  • Group Reporting Manager
  • Regulatory Compliance Officer

Companies Hiring

5,000+
Deloitte PwC EY KPMG BNP Paribas Vodafone CBRE Moody's Harman Infosys

and 5,000+ organizations worldwide seeking IFRS: Financial Instruments, Leases & Revenue certified professionals

Real Transformations

Course Student Reviews

Real results from IT professionals who trained with Koenig — rated 4.9/5 from 18,400+ verified reviews.

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  • ★★★★★

    “Passed AZ-104 on first attempt. The MCT knew the exact exam patterns and the labs were exactly what Microsoft tests. Worth every penny.”

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    “SC-900 and SC-300 back to back — both cleared first try. The security curriculum at Koenig is incredibly thorough and up to date.”

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    “Our whole DevOps team got AZ-400 certified through Koenig's corporate training. Smooth logistics and top-tier MCTs throughout.”

    Carlos R.

    Carlos R.

    Engineering Manager

    AZ-400 Team Training ✓ Verified
  • ★★★★★

    “Passed AZ-104 on first attempt. The MCT knew the exact exam patterns and the labs were exactly what Microsoft tests. Worth every penny.”

    Rahul M.

    Rahul M.

    Azure Administrator

    AZ-104 Certified ✓ Verified
  • ★★★★★

    “I trained 15 of my team members for SC-200. Koenig's on-site delivery was seamless and all 15 passed within 3 months.”

    Sarah K.

    Sarah K.

    CISO, Financial Services

    Enterprise Client ✓ Verified
  • ★★★★★

    “The 1-on-1 format was a game changer. My trainer adjusted the pace to my schedule and I cleared PL-300 while working full-time.”

    Ahmed R.

    Ahmed R.

    Business Intelligence Lead

    PL-300 Certified ✓ Verified
  • ★★★★★

    “From AZ-900 to AZ-305 in 6 months. Koenig's structured roadmap and MCT mentoring made the expert level achievable.”

    Priya S.

    Priya S.

    Cloud Solutions Architect

    AZ-305 Expert ✓ Verified
  • ★★★★★

    “As an L&D head I've used 5 training vendors. Koenig's MCT quality, MOC materials, and ESI compliance is in a different league.”

    James T.

    James T.

    Head of L&D, UK Enterprise

    100+ Learners Trained ✓ Verified
  • ★★★★★

    “SC-900 and SC-300 back to back — both cleared first try. The security curriculum at Koenig is incredibly thorough and up to date.”

    Aisha N.

    Aisha N.

    Security Analyst

    SC-300 Certified ✓ Verified
  • ★★★★★

    “AI-102 was daunting but the trainer broke it down perfectly. Real Azure OpenAI labs made the difference. Highly recommend.”

    David L.

    David L.

    AI Engineer

    AI-102 Certified ✓ Verified
  • ★★★★★

    “DP-600 Fabric certification done in 3 weeks of part-time study. The customised schedule around my timezone was a lifesaver.”

    Mei W.

    Mei W.

    Data Platform Engineer

    DP-600 Certified ✓ Verified
  • ★★★★★

    “Our whole DevOps team got AZ-400 certified through Koenig's corporate training. Smooth logistics and top-tier MCTs throughout.”

    Carlos R.

    Carlos R.

    Engineering Manager

    AZ-400 Team Training ✓ Verified
  • ★★★★★

    “Passed AZ-104 on first attempt. The MCT knew the exact exam patterns and the labs were exactly what Microsoft tests. Worth every penny.”

    Rahul M.

    Rahul M.

    Azure Administrator

    AZ-104 Certified ✓ Verified
  • ★★★★★

    “I trained 15 of my team members for SC-200. Koenig's on-site delivery was seamless and all 15 passed within 3 months.”

    Sarah K.

    Sarah K.

    CISO, Financial Services

    Enterprise Client ✓ Verified
  • ★★★★★

    “The 1-on-1 format was a game changer. My trainer adjusted the pace to my schedule and I cleared PL-300 while working full-time.”

    Ahmed R.

    Ahmed R.

    Business Intelligence Lead

    PL-300 Certified ✓ Verified
  • ★★★★★

    “Passed AZ-104 on first attempt. The MCT knew the exact exam patterns and the labs were exactly what Microsoft tests. Worth every penny.”

    Rahul M.

    Rahul M.

    Azure Administrator

    AZ-104 Certified ✓ Verified
  • ★★★★★

    “I trained 15 of my team members for SC-200. Koenig's on-site delivery was seamless and all 15 passed within 3 months.”

    Sarah K.

    Sarah K.

    CISO, Financial Services

    Enterprise Client ✓ Verified
  • ★★★★★

    “The 1-on-1 format was a game changer. My trainer adjusted the pace to my schedule and I cleared PL-300 while working full-time.”

    Ahmed R.

    Ahmed R.

    Business Intelligence Lead

    PL-300 Certified ✓ Verified
  • ★★★★★

    “From AZ-900 to AZ-305 in 6 months. Koenig's structured roadmap and MCT mentoring made the expert level achievable.”

    Priya S.

    Priya S.

    Cloud Solutions Architect

    AZ-305 Expert ✓ Verified
  • ★★★★★

    “As an L&D head I've used 5 training vendors. Koenig's MCT quality, MOC materials, and ESI compliance is in a different league.”

    James T.

    James T.

    Head of L&D, UK Enterprise

    100+ Learners Trained ✓ Verified
  • ★★★★★

    “SC-900 and SC-300 back to back — both cleared first try. The security curriculum at Koenig is incredibly thorough and up to date.”

    Aisha N.

    Aisha N.

    Security Analyst

    SC-300 Certified ✓ Verified
  • ★★★★★

    “From AZ-900 to AZ-305 in 6 months. Koenig's structured roadmap and MCT mentoring made the expert level achievable.”

    Priya S.

    Priya S.

    Cloud Solutions Architect

    AZ-305 Expert ✓ Verified
  • ★★★★★

    “As an L&D head I've used 5 training vendors. Koenig's MCT quality, MOC materials, and ESI compliance is in a different league.”

    James T.

    James T.

    Head of L&D, UK Enterprise

    100+ Learners Trained ✓ Verified
  • ★★★★★

    “SC-900 and SC-300 back to back — both cleared first try. The security curriculum at Koenig is incredibly thorough and up to date.”

    Aisha N.

    Aisha N.

    Security Analyst

    SC-300 Certified ✓ Verified
  • ★★★★★

    “AI-102 was daunting but the trainer broke it down perfectly. Real Azure OpenAI labs made the difference. Highly recommend.”

    David L.

    David L.

    AI Engineer

    AI-102 Certified ✓ Verified
  • ★★★★★

    “DP-600 Fabric certification done in 3 weeks of part-time study. The customised schedule around my timezone was a lifesaver.”

    Mei W.

    Mei W.

    Data Platform Engineer

    DP-600 Certified ✓ Verified
  • ★★★★★

    “Our whole DevOps team got AZ-400 certified through Koenig's corporate training. Smooth logistics and top-tier MCTs throughout.”

    Carlos R.

    Carlos R.

    Engineering Manager

    AZ-400 Team Training ✓ Verified
  • ★★★★★

    “AI-102 was daunting but the trainer broke it down perfectly. Real Azure OpenAI labs made the difference. Highly recommend.”

    David L.

    David L.

    AI Engineer

    AI-102 Certified ✓ Verified
  • ★★★★★

    “DP-600 Fabric certification done in 3 weeks of part-time study. The customised schedule around my timezone was a lifesaver.”

    Mei W.

    Mei W.

    Data Platform Engineer

    DP-600 Certified ✓ Verified
  • ★★★★★

    “Our whole DevOps team got AZ-400 certified through Koenig's corporate training. Smooth logistics and top-tier MCTs throughout.”

    Carlos R.

    Carlos R.

    Engineering Manager

    AZ-400 Team Training ✓ Verified

Frequently Asked Questions

Everything you need to know about the IFRS: Financial Instruments, Leases & Revenue training course

Is the International Financial Reporting Standards (IFRS) certification exam included in the course fee, and what is the exam cost if separate?
The International Financial Reporting Standards (IFRS) course by Open Source does not include a certification exam fee, as IFRS is a knowledge domain rather than a proprietary vendor exam. Candidates should focus on mastering the standards to prepare for professional certifications like the ACCA DipIFR.
What training formats does Open Source offer for International Financial Reporting Standards (IFRS), and is Guaranteed-to-Run scheduling available?
Open Source offers International Financial Reporting Standards (IFRS) training via live 1-on-1, public live online, and self-paced Flexi formats. All sessions are Guaranteed-to-Run, ensuring your training starts on time. You gain expert instruction and official courseware, allowing you to plan your professional development with total certainty and zero risk of cancellation.
How long is the International Financial Reporting Standards (IFRS) course, and what environment is used for training?
The International Financial Reporting Standards (IFRS) course by Open Source is 40 hours in duration. You receive 6 months of lab access via Open Source’s LET Platform. This cloud-hosted environment uses pre-configured virtual machines on secure infrastructure, allowing you to practice in a high-performance setting without hardware constraints.
What is Open Source's rescheduling and cancellation policy for International Financial Reporting Standards (IFRS) training?
Open Source allows one free reschedule for International Financial Reporting Standards (IFRS) training if requested 10 days before starting. Changes within 10 days incur a 50% fee. Cancellations 15 days prior qualify for a full refund. Written notice is required to ensure administrative accuracy and fast processing of your request.
What is the format, number of questions, passing score, and time limit for the International Financial Reporting Standards (IFRS) certification exam?
As IFRS is a global accounting framework, there is no single standardized exam administered by a specific vendor. If you are pursuing a qualification like the ACCA DipIFR, the exam format typically involves a 3-hour written assessment. Open Source training prepares you for these rigorous professional standards and complex financial reporting requirements.
How long is the International Financial Reporting Standards (IFRS) certification valid, and what is the renewal process and cost?
The validity of your IFRS-related certification depends on the specific awarding body (e.g., ACCA). Generally, professional accounting certifications require ongoing adherence to CPD (Continuing Professional Development) requirements rather than a simple exam retake. Open Source training provides the foundational knowledge necessary to maintain your status as a financial expert.
What post-training support does Open Source provide after completing International Financial Reporting Standards (IFRS) training?
Open Source provides 30 days of post-training support for International Financial Reporting Standards (IFRS), including class recordings, study materials, and expert mentorship. You also receive guidance on professional certification pathways and technical support. Our Happiness Guarantee allows a free course retake if you are unsatisfied, ensuring you achieve your learning goals with complete confidence.
What are the prerequisites or experience needed for the International Financial Reporting Standards (IFRS) certification?
We recommend 100 hours of hands-on financial accounting experience before taking the International Financial Reporting Standards (IFRS) course by Open Source. Proficiency in financial statement preparation, accounting standards, and compliance is essential. Prior knowledge of accounting principles will significantly improve your readiness and help you master the complex IFRS topics.
What is the average salary increase and job role progression after obtaining the International Financial Reporting Standards (IFRS) certification?
After earning IFRS-related credentials, salary potential varies by region. In India, entry-level professionals earn ₹6–8 LPA, with senior roles exceeding ₹15 LPA. Globally, entry-level professionals earn $50,000–$60,000, with senior positions often exceeding $100,000 annually. You can advance into roles like IFRS Expert, Financial Analyst, Financial Controller, or CFO.
How does the International Financial Reporting Standards (IFRS) certification compare with self-study in terms of pass rates and career impact?
International Financial Reporting Standards (IFRS) training via Open Source offers higher success rates than self-study due to structured mentorship and practice assessments. Learners achieve 70–75% accuracy on internal benchmarks, signaling readiness for professional exams. This structured approach accelerates your career advancement and ensures you are recognized as an expert in global financial reporting.
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