ACCA – Diploma in IFRS (Dip IFR) (English) – Pankaj Dhingra

Overview

ACCA’s Diploma in IFRS (dip ifr or International Finance Reporting Standards course) is a well-recognized qualification to learn about IFRS standards and their practical implications in the industry at large. International Financial Reporting Standards (IFRS) are mandated in more than 100 countries worldwide.

DipIFR is for finance professionals who need to acquire more a detailed understanding of IFRS. DipIFR is a fast and efficient solution that will develop your current knowledge in this field and ability to apply this in your work area.

The training program is based on the syllabus of the ACCA Diploma in IFRS. The training program not only prepares you for the exam but also helps you deal with some practical issues related to the same.

Course Objective

• To understand, explain and apply the IASB’s Conceptual Framework for Financial Reporting
• To apply relevant financial reporting standards to key elements of financial reports
• To identify and apply disclosure requirements for companies in financial reports and notes
• To prepare group financial statements (excluding group cash-flow statements) including subsidiaries, associates, and joint arrangements.

Eligibility

If you are a Professional Accountant (CA) or Auditor who works in practice or business then you are eligible to take this ACCA financial reporting qualification.

If you are a working professional, but not yet qualified, then you may still be eligible if you have one of the following:

• Three years of relevant accounting experience (duly filled, signed, and stamped ACCA experience form by the employer)
• A B-Com degree, with two years of work experience
• An ACCA certificate in International Financial Reporting, in addition to two- years of work experience

Who Should do it?

It is specifically designed for Finance and Accounting professionals or auditors and working graduates aspiring to excel in International Financial Reporting Standards. A diverse set of professionals aspiring for Dip IFR qualification are as follows:-

• Chief Financial Officers (CFOs), Finance Controllers, Finance Directors, VPs, AVPs, and other Finance Leaders
• Consultants, Practicing Chartered Accountants (CA), Cost and Management Accountants (CMA)
• Qualified Professional Accountants (CAs, CMAs, etc.)
• Finance and Reporting Analysts/Managers/Leaders 
• Finance Graduates/Post Graduates 

What will you get in this Course?

The course entails detailed video lectures covering the overall Dip IFR syllabus providing detailed background on specific IFRS standards. You will also be given soft copy material and you will have access to our online sessions for six months. 

Our sessions are full of live industry examples given by experienced professional leaders from the industry in the field of finance. Sessions will also have various exercises, Illustrations, and exam standard questions to provide detailed perspectives of concepts and get familiar with how questions are administered during the Dip IFR exam. 

Qualification Body

Dip IFR is a Diploma provided by ACCA. 

ACCA stands for Association of Chartered Certified Accountants. ACCA is the world’s fastest-growing & most forward-thinking professional Accounting Body with more than 2,20,000 members and 5,20,000 students. The ACCA, headquartered in London, works through a network of over 100 offices across the Globe. With more than 7,100 approved employers worldwide, ACCA has established its presence in over 180 countries making this a Global Qualification; widely accepted in various MNCs across the Globe.

Exam Time and pattern

The Diploma in International Financial Reporting (DipIFR) is assessed by a single 3 Hour and 15 Minute written exam. You will need to achieve a 50 percent mark or above to complete the paper. The exam is held twice a year – in June and December. 

There are two sections to the paper that requires a mix of calculations and written answers. The assessment marks are split as follows: