Course Overview
The ACCA DipIFR is an IFRS qualification by the Association of Chartered Certified Accountants (ACCA), the leading global accounting body involved in the development of IFRS, which are issued by the International Accounting Standards Board (IASB).
With over 157 countries requiring or permitting the use of IFRS, IFRS standards have gone on to become the de facto global language of financial reporting and are used extensively across developed, emerging and developing economies. The ACCA DipIFR course is designed to develop your knowledge and understanding of IFRS.
Course Objective
The course is designed to develop your knowledge and understanding of International Financial Reporting Standards. You will also learn how to apply them, as well as the concepts and principles which underpin them.
Course Highlights
- The program prepares you for the ACCA Diploma in IFRS
- Sessions are conducted by experienced Managers, Senior Managers and Directors including people from our National Technical Office
- Ind AS concepts are covered as part of the curriculum
- The programme is delivered using comprehensive proprietary training material developed using PwC’s global experience
- Mock test will be conducted to access your understanding and preparation for the ACCA Diploma exam
- We will provide administrative support to register for DipIFR ACCA exam
- Participants will be provided with ACCA approved study material
- Participant will also have access to session recordings for 1 year from the start of the batch
- Participants with minimum 80% attendance in the sessions including the Mock test will be awarded a “Letter of Participation” on completion of the course
By getting certified under this programme, the participant will gain:
an in-depth understanding of the principles and rules of IFRS
knowledge of the specific requirements of IFRS for the recognition, measurement, presentation and disclosure of elements of financial statements
skills related to preparation of financial statements under IFRS, including consolidated financial statements
experience in the formation of professional judgement on the practical application of IFRS
an overview of the key differences between IFRS and Ind AS.
This programme is designed for finance and accounting professionals who wish to acquire skills in reporting under IFRS and become certified ACCA professionals.
It’s an instructor led 75 hour program.
- Introduction to IFRS
- The conceptual framework for financial reporting
- IAS 1 Presentation of Financial Statements
- IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
- IAS 16 Property, Plant and Equipment
- IAS 2 Inventory
- IAS 23 Borrowing Costs
- IAS 20 Accounting for Government Grants and Disclosure of Government Assistance
- IAS 33 Earnings Per Share
- IAS 24 Related Party Disclosures
- IFRS 10 Consolidated Financial Statements
- Financial instruments (IAS 32, IFRS 7, & IFRS 9)
- IFRS 15 Revenue from Contracts with Customers
- IAS 10 Event after Reporting Period
- IAS 28 Investments in Associates and Joint Ventures
- IFRS 11 Joint Arrangements
- IAS 41 Agriculture
- IFRS 13 Fair Value Measurement
- IFRS 6 Exploration for and evaluation of mineral resources
- IFRS 8 Operating Segments
- IFRS for small and medium-sized entities
- IAS 12 Income Taxes
- IAS 19 Employee Benefits
- IAS 36 Impairment of Assets
- IFRS 3 Business Combinations
- IFRS 1 First-Time Adoption of IFRS
- IAS 37 Provisions, Contingent Liabilities and Contingent Assets
- IAS 21 The Effects of Changes in Foreign Exchange Rates
- IAS 17 Leases and IFRS 16 Leases
- IAS 40 Investment Property
- IAS 38 Intangible Assets
- IFRS 5 Non-Current Assets Held for Sale and Discontinued Operations
- IFRS 2 Share-based Payment
If you are a professional accountant or auditor who works in practice or business, and are qualified according to national accounting standards, then you are eligible to take this ACCA financial reporting qualification.
If you are working in practice, but not yet qualified, then you may still be eligible. You will need to prove that you have one of the following:
- Two years' relevant accounting experience and a relevant degree (attracting at least ACCA qualification exemptions for the Applied Knowledge and Corporate and Business Law (LW) exams)
- Two years‘ relevant accounting experience and an ACCA Certificate in International Financial Reporting
- Three years' relevant accounting experience ACCA affiliate status
The Diploma in International Financial Reporting (DipIFR) is assessed by a single three-hour, 15 minute exam. You will need to achieve a 50 per cent mark or above to complete the paper. The exam is held twice a year - in June and December at ACCA's exam centres or remotely proctered.
There are two sections to the paper which requires a mix of calculations and written answers. The assessment marks are split as follows:
| Marks | ||
|---|---|---|
| Section A | 1 x 25 mark question |
25 |
| Section B | 1 x 25 mark question | 75 |
| 100 |
ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
ACCA supports its more than 300,000 members and 527,000 students in 181 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 104 offices and centres and more than 7,571 Approved Employers worldwide, who provide high standards of employee learning and development.
