Certification

International Financial Reporting Standard (IFRS) is a globally accepted language for business accountancy presentation which makes it comparable and understandable globally.
In simpler words, generalized parameters were established for publicly-traded company accounts presentation. The idea is to maintain account books which are reliable, relevant and globally comparable, and accessible by both internal and external users.
The global recognition accredited to IFRS prompted Indian companies to follow suit. This also created another learning segment for accounting and finance professionals to learn about IFRS and improve their career prospects.
Increasingly, companies in India are adopting and choosing to recruit candidates with experience and knowledge in IFRS, apart from usual accounting and finance degrees.
As such, IFRS professionals enjoy high demand in India. The demand is higher because there is lesser number of IFRS professionals in India and moreover, experts can offer consultancy services to companies adopting IFRS standards and need assistance with migrating older accounts to newer accounting structures.