The convergence, globally, of International Financial Reporting Standards (IFRS) is gaining pace at a rapid rate, for the preparation of financial statements. This includes both large corporates and the medium sized companies. Each year more countries are implementing IFRS.
As a result of this acceptance of IFRS, more financial professionals are required to have a working knowledge of not only the fundamentals, but also the detailed workings. Furthermore, the IFRS landscape is constantly changing and professionals are required to keep up to date.