Recent industry research reveals that over 65% of UK businesses face significant challenges in reconciling UK GAAP and IFRS financial statements, resulting in increased compliance costs, reporting inefficiencies, and heightened regulatory scrutiny. As financial reporting standards continue to evolve and global financial integration accelerates, the demand for finance and accounting professionals who can expertly navigate and reconcile these frameworks is expected to surge by 40% by 2028, driven by evolving regulatory requirements, cross-border transactions, and the growing complexity of financial disclosures.
This certified program is designed to equip finance and accounting leaders with the specialized technical expertise required to master the complexities of UK GAAP and IFRS financial reporting. Through a comprehensive understanding of key reporting standards, practical reconciliation case studies, and industry best practices, you will develop an in-depth understanding of critical areas including valuation and measurement differences, disclosure obligations, revenue recognition treatments, lease accounting challenges, and financial instrument classifications under both frameworks.
Throughout the program, you will also discover how leading UK organizations manage the transition and reconciliation between UK GAAP and IFRS to maintain financial integrity and regulatory compliance. You will gain practical insights into identifying and analyzing divergence in accounting policies, applying transitional rules for first-time adoption, and implementing reconciliation strategies for dual reporting requirements. You will also examine the regulatory impact of oversight bodies such as the Financial Reporting Council (FRC), HMRC’s tax reporting requirements, and the implications of audit reforms on UK financial reporting.
This program will empower you to perform accurate reconciliations, manage dual reporting obligations, mitigate financial reporting risks, and present compliant financial statements across multiple regulatory environments. You will learn how to address timing and recognition differences, manage disclosure complexities, and ensure consistency in group consolidations across borders, enhancing the quality and credibility of your organization’s financial reporting.
Upon completing the program and passing the Chartered exam, you will attain the Certified UK GAAP and IFRS Financial
Reporting Specialist (CIFRS™) designation. This highly respected credential will enhance your professional credentials, demonstrating your expertise in developing robust financial reporting frameworks aligned with UK GAAP and IFRS standards. Globally demanded and recognized, the certification holds lifelong validity and will underscore your proficiency in IFRS compliance and GAAP reconciliation, reinforcing your credibility and advancing your career in the highly regulated field of financial reporting.
1 Chartered Institute of Professional Certifications' reviews and ratings are a comprehensive collection of participants feedback we have gathered over the last decade. To view authentic and personal testimonials that are handwritten by our participants, please download our participants' written reviews here.
This program will entitle you:
Pricing & Registration- Experience 3 days of instructor-led live training and in-depth insights into the complexities of UK GAAP (FRS 102), IFRS, and financial reporting reconciliation, including key differences, compliance challenges, and regulatory requirements.
- Attain the industry-recognized Certified UK GAAP and IFRS Financial Reporting Specialist (CIFRS™) designation. This designation will enhance your professional profile and demonstrate your your ability to interpret standards, manage complex disclosures, and lead cross-jurisdictional financial reporting.
- Acquire deep comparative insights on critical areas such as revenue recognition, leases, group accounts, deferred tax, financial instruments, and transition between frameworks, equipping you to ensure compliance and enhance stakeholder confidence.
- For inquiries, chat with our Program Advisers at advisor@charteredcertifications.com or call us at
- Singapore and Asia Pacific: +65 6716 9980
- Australia and New Zealand: +61 3 9909 7310
- UK, Europe and Middle East: +44 (020) 335 57898
- USA: +1 888 745 8875
Accreditations
This program is accredited by the Chartered Institute of Professional Certifications, which maintains the governing standards for all professionals who have completed this program.
The content of this program has been fully certified and accredited by CPD Certification Service as conforming to Continuing Professional Principles. CPD is the leading independent CPD accreditation institution operating across industry sectors to complement the Continuing Professional Development policies of professional institutes and academic bodies. The CPD Certification Service provides support, advice and recognized independent CPD accreditation compatible with global CPD principles.
What Can You Expect From This Live Program
With over 99% of UK businesses falling under the SME (small and medium-sized enterprises) category, recent updates to FRS 102 have had wide-reaching implications across the private sector. Simultaneously, new IFRS standards such as IFRS 15 and IFRS 16 have introduced significant complexity for listed companies. This rising intricacy in financial reporting has led to increased audit costs and operational strain, making specialist expertise in UK GAAP and IFRS essential for ensuring accuracy, transparency, and full regulatory compliance.
This certified program is designed to transform accounting and finance leaders into experts in UK GAAP and IFRS financial reporting, providing the technical expertise and strategic insights needed to bridge these two critical frameworks. Through rigorous analysis of key standards, real-world case studies, and advanced reconciliation methodologies, you will develop a deep understanding of critical reporting differences, including revenue recognition, lease accounting, financial instruments, deferred tax treatments, and consolidation principles unique to the UK regulatory environment.
You will examine how leading UK corporations and multinational enterprises manage the reconciliation process to ensure compliance, financial transparency, and audit readiness. The program delves into divergences in accounting policies, such as the treatment of intangible assets under FRS 102 versus IFRS, the impact of IFRS 16 on lease reporting, and the UK-specific tax implications of transitioning between frameworks. Additionally, you will explore the latest regulatory developments from the Financial Reporting Council (FRC), HM Revenue & Customs (HMRC), and the International Accounting Standards Board (IASB), ensuring you stay ahead of emerging reporting trends.
Throughout the program, you will be equipped to streamline financial reporting processes, mitigate compliance risks, and resolve complex reconciliation challenges with confidence. You will master techniques for handling timing differences, interpreting transitional adjustments during standard changes, and ensuring seamless alignment in multinational consolidations. The program also addresses auditor expectations, regulatory enforcement trends, and best practices for disclosures under both frameworks, empowering you to produce accurate, defensible financial statements.
Upon completing the program and passing the Chartered exam, you will be attaining the Certified UK GAAP and IFRS Financial Reporting Specialist (CIFRS™) designation that can be used in your professional credentials. This globally recognized credential will validate your expertise in harmonizing UK and international accounting standards, positioning you as a trusted authority in financial reporting. The CIFRS™ certification will enhance your professional credibility, open doors to leadership roles, and demonstrate your commitment to excellence in a globally interconnected financial landscape.
Key Skills You Will Gain
- UK GAAP (FRS 102) Application
- IFRS Interpretation and Compliance
- Financial Statement Presentation
- Revenue Recognition Analysis
- Lease Accounting (IFRS 16 vs FRS 102)
- Financial Instruments Classification
- Deferred Tax Accounting
- Intangible Asset Valuation
- Goodwill Treatment
- Group Accounts and Consolidation
- Strategic Disclosure Practices
- Transition Planning (IFRS 1 & Reconciliations)
- Crypto-Asset Reporting
- Crypto-Asset Accounting
- AI and Ethics in Financial Reporting
- Professional Judgment Application
- Cross-Framework Financial Analysis
- Red Flag Detection
- Cost Model
- IFRS 15 Five-Step Model
- Component Accounting
- IFRS 9 Impairment Models
- Post-Balance Sheet Event Analysis
- Fair Value Measurement
- Financial Instrument Classification
- Reconciliations and Disclosures
- Right-Of-Use Assets
- Cross-Jurisdictional Reporting
- Revaluation Model
- AI-Driven Financial Reporting
Your Faculty Director
Haris Chaudhri is a leading authority in UK GAAP and IFRS financial reporting, combining over two decades of technical experience and educational excellence. An ICAEW and ICAS Exam Marker, Haris evaluates leading-edge financial reporting assessments and serves as an Independent Subject Expert for the European Commission. As Senior Lecturer at Manchester Metropolitan University, he leads the acclaimed International Corporate Reporting module, supported by multiple teaching awards and a research focus on IFRS and UK GAAP.
Haris is a Chartered Accountant with three master’s degrees and has marked Strategic Business Reporting for ACCA, developed curricula for Pearson, and advised prominent organizations, including PwC, Deloitte, ICAEW, and ICAS. His extensive industry background spans Accounting Manager, Financial Resources Risk Analyst, and subject matter expert roles, providing a real-world foundation for his teaching and consultancy.
Renowned for bridging financial reporting standards with practical application, Haris has led high-impact training across the UK, EU, UAE, and the US. His expertise in UK GAAP and IFRS, underpinned by academic rigour and international consultancy, empowers participants to navigate complex regulations with clarity and precision.
Certified UK GAAP and IFRS Financial Reporting Specialist (CIFRS™) Program Agenda
Chartered Exam
At the end of the program, there will be a Chartered exam comprised of 50 multiple choice questions. Upon passing the exam, you will be accredited with Certified UK GAAP and IFRS Financial Reporting Specialist (CIFRS™) designation.
- 98% of students who have taken this exam have passed the exam successfully. Almost all professionals who have taken our courses have passed this exam and attain their Certified UK GAAP and IFRS Financial Reporting Specialist (CIFRS™) designation
- The exam has 50 multiple choice questions and you need to answer 25 out of 50 questions correctly to pass the exam
- You can re-take the exam online as many times as you want, with no additional charges for retaking of exams
- The program cost already includes the exam fees, so there are no additional charges for taking the exam
If you have challenges passing the exam, you can secure assistance from our team and faculty leader to help you pass the exam.
Certified UK GAAP and IFRS Financial Reporting Specialist (CIFRS™) Designation
Upon completion of the program and successfully passing the Chartered exam, you will be awarded the prestigious Certified UK GAAP and IFRS Financial Reporting Specialist (CIFRS™) designation, which can be showcased in your resume, CV, and other professional credentials. Developed by the esteemed Chartered Institute of Professional Certifications, this designation positions you as a specialist in bridging UK and international accounting standards, driving reporting accuracy, and supporting governance excellence in today’s evolving financial landscape. It highlights your proficiency in leading financial reporting functions, managing cross-jurisdictional accounting challenges, and advising stakeholders on strategic reporting and compliance matters.
This program is developed by Chartered Institute of Professional Certifications and the content of this program has been certified by CPD Certification Service as adhering to highest standards of continuing professional principles.
Pricing & Registration
United Kingdom
Dates: 28 - 30 Jan 2026
Venue: Online Executive Program (via Zoom)
Time: 9:00am - 4:30pm Greenwich Mean Time (GMT)
| Early Bird Packages | Regular Pricing | ||
|---|---|---|---|
| By 12 Nov 2025 | By 24 Dec 2025 | After 24 Dec 2025 | |
| UK Delegates | GBP 1,495 | GBP 1,695 | GBP 1,795 |
Group Discount: 2nd participant get 10%, or register 3 participants and 4th participant get a complimentary seat (1 discount scheme applies)
Register NowDownload Brochure
You can download our program brochure below. If you have any inquiries on this program, please contact our Program Advisor at advisor@charteredcertifications.com or call us at:
- Singapore and Asia Pacific: +65 6716 9980
- Australia and New Zealand: +61 3 9909 7310
- UK, Europe and Middle East: +44 (020) 335 57898
- USA: +1 888 745 8875
Convincing Your Boss To Attend This Program
Securing approval from your boss to attend this program can be difficult if you don’t know what to say. So we’ve prepared a template for you! All you need to do is to download this template, copy and paste in email and send it to your boss!
Certified UK GAAP and IFRS Financial Reporting Specialist (CIFRS™)
4.6 (630 ratings)