International Association of Certified Accountants and Financial Managers

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1 International Accounting and Finance Certificates (IAFC) and Diplomas (DipIAF)

2 The International Association of Certified (IACAFM ) The International Association of Certified Accountants and Financial Managers (IACAFM) promotes various Certificates and Diplomas developed for different industries and segments. Among other activities, the IACAFM also sponsors research and technical studies in various areas of International Accounting and Financial Management. The IACAFM is a voluntary organization of active accounting and financial professionals across the world and has a significant number of members which are interested in accounting education, finance and research. IACAFM provides an opportunity for networking and continuing professional education. IACAFM has a broad range of collaborators with expertise in various topics of interest for its members. The IACAFM community can also collaborate with technical articles which can be shared with other members globally and in any language. IACAFM is a lawfully established private company limited by shares and its registered office is in England and Wales. The mission of IACAFM is to enable all accounting and finance professionals to achieve their full personal, professional and economic potential and to contribute to the future development of their profession. Full members benefit from discounts for the acquisition of technical materials, including all Certificates and Diplomas issued by IACAFM and a monthly newsletter in English with relevant information for professionals worldwide. The IACAFM Professional Qualification will leverage your carreer

3 International Accounting and Finance Certificate (IAFC ) International Association of Certified

4 Obtaining the IAFC (International Accounting and Finance Certificates ) IFRS promoted significant changes in global economies (including more than 120 countries) and introduced a new perspective in the preparation of financial statements. All professionals impacted by the transition to IFRS will have to overcome the new challenges of the profession in an increasingly competitive environment. IAFC was developed for those who are beginning their studies or plan to expand their knowledge about IFRS. Our experience in this area indicates that the complexity of IFRS requires a gradual development plan. The IAFC requires a minimum score of 50% for approval. The test has a total time of 2(two) hours for completion and a total of 50 (fifty) multiple choice questions. IACAFM developed 3 different e-qualification Programs: IAFC First Degree IAFC Specialist (certificates for 6 types of industries and segments) IAFC Advanced IAFC IFRS for Small and Medium Entities The IAFC certificates can be completed in the following languages: Arabic Japanese Chinese Spanish English Portuguese French

5 Obtaining the IAFC IFRS for Small and Medium Entities (SMEs) On 9 July 2009 the IASB published an International Financial Reporting Standard (IFRS) designed for use by small and medium-sized entities (SMEs). SMEs are estimated to represent more than 95 per cent of all companies. The standard is a result of a five-year development process with extensive consultation of SMEs worldwide. The aim of IFRS for SMEs is to provide a simplified, self-contained set of accounting principles that are appropriate for smaller, non-listed companies and are based on full International Financial Reporting Standards (IFRSs), developed primarily for listed companies. By removing choices for accounting treatment, eliminating topics that are not generally relevant to SMEs and simplifying methods for recognition and measurement, the resulting draft standard reduces the volume of accounting guidance applicable to SMEs by more than 85 per cent when compared with the full set of IFRSs. As a result, the IFRS for SMEs are considered to be a self-contained set of accounting standards that would allow investors for the first time to compare SMEs financial performance across international boundaries on a like for like basis. The IACAFM developed the IAFC IFRS for SMEs Certificate which can be completed online and by all professionals, students and accountants which would like to gain a competitive advantage or to consolidate their knowledge about this Standard. The IAFC certificate for Small and Medium Entities (SMEs) can be completed in the following languages: English Portuguese Preparatory materials and study guides issued by IACAFM for this Certificate are also available in English and Portuguese. The IAFC requires a minimum score of 50% for approval. The test is completed only using the IACAFM Platform, has a total time of 2(two) hours for completion and a total of 50 (fifty) multiple choice questions. The IAFC-IFRS for Small and Medium Entities (SMEs)will certainly bring you a competitive advantage in the market

6 Diploma in International Accounting and Finance (DipIAF ) International Association of Certified

7 Obtaining the Diploma in International Accounting and Finance (DipIAF ) With its emphasis on International Financial Reporting Standards (IFRSs and IASs), the DipIAF is a key to success both within and outside the accounting arena. This Diploma represents a great opportunity to all those who wish to improve their skills and advance in their careers. The DipIAF is not uniquely designed for accountants where other professionals, analysts, students and financial managers in the market can take advantage of this professional qualification. The DipIAF must be completed in a paper and pencil examination in locations and dates determined by IACAFM globally for each calendar year. Upon successful completion of the examination, the participant is eligible to become a Diploma Holder and entitled to use the designatory letters DipIAF. It will enable you to progress smoothly from basic principles to more strategic issues found in International Accounting environment.

8 Criteria for approval in the DipIAF The DipIAF must be completed in a total time of 2 (two) hours, uninterrupted, and in a paper-based examination under the supervision of a representative of IACAFM. Participants should have a minimum score of 60% to succeed in the DipIFM examination. Although it is not necessary for participants to have any prior financial or accounting knowledge it is essential that they have good English communication skills under a Business English context in order to understand the principles and the content of the examination appropriately. The exam is taken in the English language. The exam will be segregated in two parts where the participant will demonstrate its knowledge in a combination of multiple choice questions and a determined number of written questions. The structure of this examination is presented below:

9 Apply now for the IAFC Certificates and DipIAF Diploma You can apply for all IACAFM Certificates and Diplomas directly in the IACAFM website ( by completing an electronic registration form for your application. Methods of payment You can pay the registration fee using your credit or debit card. Completion of the certification and issuance of certificate When you successfully complete your IAFC or DipIAF Diploma, IACAFM will send you a certificate to acknowledge the completion of the program by mail to the address informed in your application. This certificate includes a unique registration number in our system and a holographic seal which guarantees authenticity. This document will be sent promptly by IACAFM however the time for receipt of your certificate may depend on mail services and logistics in each country and city. General information and inquires IACAFM Limited Long Lane London Great Britain EC1A 9ET Switchboard: t: +44 (0) (UK GMT Time am pm) info@iacafmglobal.com

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