Certificate in International Financial Reporting Study Guide 2026
Everything you need to pass the Certificate in International Financial Reporting exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
Certificate in International Financial Reporting exam key facts
- The Certificate in International Financial Reporting assessment consists of 25 multiple choice questions. Source
- The Certificate in International Financial Reporting assessment has a time limit of 1 hour. Source
- The pass mark for the Certificate in International Financial Reporting assessment is 50%. Source
- The Certificate in International Financial Reporting registration fee covers three attempts to pass the assessment. Source
📋 Certificate in International Financial Reporting Exam Format at a Glance
📚 Certificate in International Financial Reporting Topics to Study (21)
✍️ Sample Certificate in International Financial Reporting Questions & Answers
1. Under IFRS 9, what is the 'SPPI' test used to determine?
The SPPI test ensures the cash flows are consistent with a basic lending arrangement, enabling amortised cost classification.
2. Under IAS 37, a contingent liability is:
A contingent liability is disclosed rather than recognised because the outflow is possible but not probable.
3. Under IFRS 16, the lease liability is initially measured at:
IFRS 16 requires discounting future lease payments using the rate implicit in the lease or the incremental borrowing rate.
4. Under IAS 1, how should material items be presented in the financial statements?
IAS 1 requires material items to be presented separately so users can assess their effect.
5. Under IAS 19, short-term employee benefits (e.g., wages, paid annual leave) are measured:
Short-term benefits are not discounted because they are expected to be settled within 12 months.
6. Under IAS 36, an impairment loss is recognised when an asset's carrying amount exceeds its:
IAS 36 requires recognition of an impairment loss when carrying amount exceeds the higher of fair value less costs of disposal and value in use.
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- Progress saved on your device: completed tests, scores and missed questions stay in My Progress, so you can retake only what you got wrong.
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- Certificate in International Financial Reporting flashcards built from the same question bank.
- Free Certificate in International Financial Reporting practice tests with the correct answer shown after each question.
How this page was made: written with AI tools and published by Nathan Beja, founder of Practice Test Geeks, who is responsible for its content. Exam facts are checked against the official sources listed below. Not reviewed by a subject-matter expert. Editorial policy
Sources & references
Exam facts on this page (fees, format, dates, passing scores) are checked against these official sources; the date is our last check. Editorial policy
- accaglobal.com — Passing score, registration, retake policy, test dates, time limit, test delivery, exam format, fees, eligibility, exam information · verified Oct 2026