ACCA IFRS Diploma
1.Understand, explain and apply the IASB's Conceptual Framework for Financial Reporting
2.Apply relevant financial reporting standards to key elements of financial reports
3.Identify and apply disclosure requirements for companies in financial reports and notes
4.Prepare group financial statements (excluding group cash-flow statements) including subsidiaries, associates and joint arrangements.
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:
1.Two years' relevant accounting experience and a relevant degree (attracting at least ACCA qualification exemptions F1-F4)
2.Two years‘ relevant accounting experience and an ACCA Certificate in International Financial Reporting
3.Three years' relevant accounting experience
4.ACCA affiliate status
The Diploma in International Financial Reporting (DipIFR) duration is 6 months, to fit your studies around your work and social commitments.
DipIFR is assessed by a three-hour written exam held twice a year with a pass mark of 50 per cent. You can apply online at any time to start studying DipIFR.
The Diploma in International Financial Reporting (DipIFR) is assessed by a single three-hour, 15 minute written 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 centers.
There are two sections to the paper which requires a mix of calculations and written answers. The assessment marks are split as follows:
Section A : 1 x 25 mark question : 25 Marks
Section B : 3 x 25 mark questions : 60 Marks
If you are a finance professional who is already knowledgeable about the details of International Financial Reporting Standards (IFRS), this qualification has a fast and efficient solution to meet your needs. If you need to develop a working and practical knowledge of the area, the DipIFR can help you prepare.
International Financial Reporting Standards (IFRS) are mandated in more than 100 countries worldwide. All listed companies in the European Union (EU) have to prepare consolidated company accounts that comply with IFRS. It also affects associates and subsidiaries of EU-listed companies.
Other countries such as Australia, Hong Kong and South Africa have already adopted IFRS or equivalents as their local Generally Accepted Accounting Principles (GAAP). And many other countries around the world, including India, are moving towards applying IFRS, which is having a significant impact on financial reporting.
A. International sources of authority
The International Accounting Standards Board (IASB) and the regulatory framework
B. Elements of financial statements
Property, plant and equipment
Impairment of assets
Intangible assets and goodwill
Provisions, contingent assets and liabilities
Employment and post-employment benefits
Tax in financial statements
The effects of changes in foreign currency exchange rates
Exploration and evaluation expenditures
Fair value measurement
C. Presentation of financial statements and additional disclosures
Presentation of the statement of financial position and the statement of profit or loss and other comprehensive income
Earnings per share
Events after the reporting period
Accounting policies, changes in accounting estimates and errors
Related party disclosures
Reporting requirements of small and medium sized entities (SMEs)
D. Preparation of external financial Reports for combined entities, associates and joint arrangements.
Preparation of group consolidated external reports
Business combinations – intra-group adjustments
Business combinations – fair value adjustments
Business combinations – associates and joint arrangements
Complete disposal of shares in subsidiaries
1) Revenue recognition
2) Property, plant and equipment
3) Impairment of assets
5) Intangible assets and goodwill
7) Financial instruments
8) Provisions, contingent assets and liabilities
9) Employment and post-employment benefits
10) Tax in financial statements
11) The effects of changes in foreign currency exchange rates
13) Share-based payment
14) Exploration and evaluation expenditures
15) Fair value measurement
Your course from KeleExP includes all that you need to pass your exams.
• Complete tuition stage video tutorials covering the entire syllabus
• Complete practice stage video tutorials covering exam standard questions to ensure you are 100% ready for your exam
• Focussed energisers and webinars to keep you on track for exam success
• Learning reinforcement exercises for you to track how well you are doing
• Exam simulation matching the computer based format
• Your own unique personalised study plan
Kele ExP is an independent company and is not tied to having to use an in-house publisher. We can choose to work with the publisher whose books we believe best complement our courses and maximise your chances of success in your exams.
Our focus is on you passing your exams.
Your course includes your own personal study plan. Using elements of Artificial Intelligence your study plan will learn from your study style and recommend study dates for you.
Your course includes a full CBE style mock exam which is an exact match to the exam format you will find in your real exam.
Your course is truly flexible. You can study when and where you want to on PCs, tablets or mobiles.
Kele ExP lead the way in terms of cutting edge Educational Technology products. Our platforms are tailor designed by our experienced instructional design team to maximise the impact of your learning flow and ultimately ensure your exam success. Our own in-house technology team purpose code our ePlatforms resulting in exam effective, flexible and cost effective solutions.
“If you complete your Kele ExP course, you will pass your exams.”
We are so confident of this phrase that in the unlikely event that you fail your exam after completing the full Kele ExP course, we will provide you with another full eLearning course free of charge.
It's as simple as that. No ifs no buts.