Course Information:
The ACCA Diploma in International Financial Reporting Standards (DipIFR) is globally recognized as the premier qualification for individuals seeking expertise in IFRS. Acquiring this diploma not only enhances your competence but also elevates your professionalism in the fields of financial reporting and accounting.
As the adoption of IFRS becomes imminent in the Middle East, it is crucial for organizations to proactively up-skill their staff in this intricate financial reporting framework. The application of International Financial Reporting Standards has emerged as a top priority for many organizations, necessitating finance professionals who possess the qualifications, skills, and knowledge essential for a seamless transition.
Attaining the ACCA DipIFR is a strategic move that provides organizations and their employees with a distinct advantage. This diploma empowers participants to cultivate a comprehensive understanding of IFRS, equipping them with the ability to apply these standards effectively. The program covers key concepts and principles that form the foundation of IFRS, making it an indispensable qualification for CFOs and all individuals involved in financial reporting. By earning the ACCA DipIFR, professionals not only broaden their technical and practical knowledge of IFRS but also secure an internationally recognized certificate, further validating their expertise in the field
Program Overview:
The Diploma in International Financial Reporting Standards (DipIFR) is crafted to enhance your understanding of IFRS, providing you with insights into the fundamental ideas and principles that form their basis. This program equips you with the skills to apply IFRS effectively in the international marketplace.
Furthermore, DipIFR complements your existing technical and practical knowledge gained from any recognized country-specific accountancy qualifications or relevant work experience you may have. By bridging theory with real-world application, the program ensures a comprehensive and applicable grasp of IFRS, making it an invaluable asset for professionals seeking to navigate the complexities of international financial reporting standards.
Training Program Structure:
The Diploma in International Financial Reporting (DipIFR) enhances the technical and practical knowledge acquired through recognized country-specific accountancy qualifications or relevant work experience. The syllabus introduces candidates to the broader international framework of accounting and the standard-setting system.
DipIFR focuses on applying both conceptual and technical financial reporting knowledge that candidates have previously acquired to meet the specific requirements of financial reporting under IFRS Standards. Additionally, the program imparts crucial international financial reporting knowledge and principles, preparing candidates to navigate the complexities of an expanding global marketplace.
Target Audience:
- Accountants
- Auditors
- Financial Managers
- Financial Analysts
- Members of Audit Committees of listed companies in Stock Exchange
Training Program Objectives:
On completion of this course, candidates should be able to:
- Understand and explain the structure of the international professional and conceptual framework of financial reporting.
- Apply relevant international financial reporting standards to key elements of financial statements
- Identify and apply disclosure requirements for entities relating to the presentation of financial statements and notes
- Prepare group financial statements (excluding group cash flow statements) including subsidiaries, associates, and joint arrangements.
Prerequisite:
To be awarded ACCA DipIFR, participants must meet the eligibility requirements which include taking and passing one exam.
Delivery Method:
In-Person Classes
Exam(s):
There are 2 examination sessions per year: in June and December
- The ACCA Diploma in IFRS exam is 3 hours long and consists of a mixture of calculations and written questions
- The pass mark is 50%
Entry Requirements:
To get ACCA Diploma in IFRS, participants must meet at least one of the following criteria:
- Professional financial qualification (ICAI, ICAP, ACCA, CPA, ICAEW)
- 3 years’ relevant accounting experience (a letter from your employer will be required)
- Relevant degree and 2 years’ experience in the accounting field
Course Outline:
- IAS1/IAS 34: IASB Regulatory Framework & Conceptual framework
- IAS 16: Accounting for PPE
- IAS 40-20: Accounting for Investment properties and government grants
- IAS 38-IAS 36: Accounting for Intangibles & Impairment
- IAS 2-41-6: Accounting for Inventories and agriculture & Minerals
- IAS 37-21: Accounting for Provisions - Foreign Exchange
- IFRS 15: Revenues from contracts with customers
- IFRS 16: Accounting for Leases
- IAS 33-IFRS 8: Earning Per Share -Segment
- IFRS 5, IAS 8, IAS 10: Reporting financial performance
- IAS 19-24: Employee benefits - related parties
- IFRS 2: Share based payment
- IFRS 9: Financial Instruments P1
- IFRS 7: Financial Instruments P2
- IAS 12: Accounting for Taxes
- IAS 28-IFRS 3 & 10: Group Accounting 1
- IAS 28-IFRS 3 & 10: Group Accounting 2
- Revision session
