DipIFR – Diploma in International Financial Reporting (ACCA)
The Diploma in International Financial Reporting Standards (DipIFR) by ACCA (UK) (Association of Chartered Certified Accountants) is designed to develop knowledge of IASs/IFRSs. It provides an understanding of the concepts and principles which underpin them, and of their application in the international marketplace.
COURSE AIM & OBJECTIVES
The main aim of the course is to develop knowledge, understanding and application of IASs/IFRSs the concepts and principles which underpin them. Over 113 countries require or permit the use of International Financial Reporting Standards (IFRS) for publicly-traded companies. 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 are moving towards applying IFRS, which is having a significant impact on financial reporting.
On completion of the Diploma, candidates should be able to:
understand and explain the structure of the framework of international accounting
apply relevant financial reporting standards to key elements of financial reports
identify and apply disclosure requirements for companies in financial reports and notes
prepare group financial statements (excluding group cash-flow statements) including subsidiaries, associates and joint ventures.
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:
three years' relevant accounting experience (by submitting a letter from your employer)
a relevant degree plus two years' work experience
an ACCA Certificate in International Financial Reporting plus two years' work experience.
ASSESSMENT & DURATION
It is assessed by a single three hour examination (June or December) while the pass mark is 50%.
APPLICATION & DEADLINES
One can apply for the Diploma in International Financial Reporting (DipIFR) at any time, but needs to sit exams at a specific exam session, candidates will need to send a registration form and copies of all supporting documents at least 20 days before deadlines for postal applications and 10 days before for online applications – These are the following closing dates:
8 April for the June exam session
8 October for the December exam session
The initial registration fee (for 2014) is £205 and includes one exam attempt.
For more info about the DipIFR (ACCA) and tuition / support for your exams: info@StudySmart and/or ask for a Skype coaching session for free.