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Diploma in International Financial Reporting - Level 3

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International financial reporting involves a set of standards that states how certain transactions and events should be recorded in the financial statements. The main aim of the international financial reporting standards are to set a common accounting system in order for the organizations to understand the business and accounts of one and other. With the increase in businesses, the need for proper maintenance of accounts has also increased. Therefore, this is a great career path for you to get into your desired organization.

With a diploma in international financial reporting, you can land a job in any organization with an accounting or finance department. This diploma will help you get a job as a financial analyst, senior financial analyst, financial controller or financial manager. Once you gain adequate knowledge and experience you can be promoted for a higher position as well.  If you already have a job, you can use this diploma to demand for an increase in salary or for a job promotion.

This diploma is a professional qualification. This diploma will provide you with the necessary knowledge and skills regarding international financial reporting. You can further prove your eligibility for your desired job position with this diploma.

Why consider 1training?

As improvements and advancements are made in technology, online courses are no longer just conventional means of studying at affordable costs. In many aspects online training offers superiority to traditional learning. There is an effectiveness and convenience that traditional learning cannot provide. The overall convenience and flexibility makes it a superior learning method.

1Training offers the most convenient path to gain an internationally recognised qualification that will give you the opportunity to put into practice your skill and expertise in an enterprise or corporate environment. You can study at your own pace at 1Training and you will be provided with all the necessary material, tutorials, qualified course instructor and multiple free resources which include Free CV writing pack, Nus Discounted Card, Free career support and course demo to make your learning experience enriching and more rewarding.

Learning outcomes

  • Understand about international financial reporting and the importance of it.
  • Learn how to use international financial reporting standards in the preparation of the Annual accounts.
  • Gain an insight into the informational aims and content of a balance sheet.
  • Understand how to determine the various levels of profit.
  • Learn about the cash flow statement and its uses.
  • Learn about the statement of changes in equity and its uses.
  • Understand the analysis of the Annual reports.
  • Gain an understanding about ratio analysis and its importance.
  • Learn how to analyze and interpret through a Holistic approach.

Access duration

The course will be directly delivered to you, and you have 12 months access to the online learning platform from the date you joined the course.  The content will be accessible to you 24/7. The course is self-paced and you can complete it in stages, revisiting the lectures at any time.

Who is the course aimed at?

This diploma will benefit students who are interested in learning international financial reporting, students studying accounting or finance, job seekers and employees working in the accounting or finance department.

Entry requirements

  • You must be 16 years of age or more
  • You should have a basic understanding of numeracy, English language and ICT

Method of assessment

  • At the end of the Diploma in international financial reporting – level 3 course learners will take an online multiple choice question assessment test. This online multiple choice question test is marked automatically so you will receive an instant grade and know whether you have passed the course.
  • Those who successfully pass this course will be awarded a free e-certificate, and only need to pay £19 for your printed certificate.


Those who successfully complete the exam will be awarded theDiploma in International Financial Reporting – Level 3.

Awarding body

The certificate will be awarded by CPD and iAP. This internationally recognised qualification will make your CV standout and encourage employers to see your motivation at expanding your skills and knowledge in the IT enterprise.

Progression and career path

This diploma can help you land jobs in any organization or industry since accounting is maintained in every organization. You can also use this diploma if you need a higher pay or a job promotions. The potential job positions which can be owned through this diploma are given below, along with the average UK salary per annum according to

  • Financial analyst – £30,782 per annum
  • Senior financial analyst – £44,208 per annum
  • Financial manager – £38,031 per annum
  • Financial controller – £46,805 per annum

Other benefits

  • Written and designed by the industry’s finest experts with over 15 years of experience
  • Repeat and revise all your lectures and enjoy a personalised learning experience
  • Gain access to quality video tutorials
  • Unlimited 12 months access from anywhere, anytime
  • Save time and money on travel
  • Learn at your convenience and leisure
  • Quizzes, tests mock exams, practice exams to ensure you are 100% ready
  • Eligible for a TOTUM discount card
  • Free Career Support Service
  • 25% Discount on personal Statement and covering letter writing service
  • Free Access to Over 150 courses for 2 days (48 hours)
  • Free access to course before you purchase (For selected courses only)

Key Features

Gain an accredited UK qualification

Access to excellent quality study materials

Learners will be eligible for TOTUM Discount Card

Personalized learning experience

One year’s access to the course

Support by phone, live chat, and email

Course Curriculum Total Units : 12
1: Introduction To International Financial Reporting
Introduction to International Financial Reporting @
2: Using International Financial Reporting Standards In The Preparation Annual Accounts
Using International Financial Reporting Standards in the preparation Annual Accounts
3: Informational Aims And Content Of The Balance Sheet
Informational aims and Content of the Balance Sheet
4: Determining Various Levels Of Profit
Determining various levels of Profit
5: In And Out About The Cash Flow Statement
In and Out about the Cash Flow Statement
6: In And Out About The Statement Of Changes In Equity
In and out about the Statement of changes in Equity
7: Analysis Of The Annual Reports
Analysis of the Annual Reports
8: Insights Into Ratio Analysis
Insights into Ratio Analysis
9: Analysis And Interpretation Through A Holistic Approach
Analysis and Interpretation through a Holistic Approach
10: Appendix And Reference Section
Appendix and Reference Section
Mock Exam
Mock Exam : Diploma in International Financial Reporting – Level 3
Exam : Diploma in International Financial Reporting – Level 3
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