Diploma in International Financial Reporting Standards



The Diploma in IFRS develops the knowledge, understanding and concepts and the application of the International Financial Reporting Standards in the global market.

Who can do this?
The qualified finance, accounts and audit professionals, who are in practice are eligible for this qualification. The professionals who are not qualified yet can also take this exam but they need to verify certain conditions, which are:

  • Relevant degree plus two years of work experience
  • Three years of work experience
  • ACCA affiliates
  • ACCA Certificate in IFRS plus two years work experience

WHAT IS THE COURSE STRUCTURE & Lecture Plan
The major areas of exam will include the following:

  • International sources of authority
  • Elements of financial statements
  • Presentation of accounts and additional disclosures
  • Preparation of external reports for combined entities and joint ventures

Lecture No.
Topic Description Demo
1 The structure of the International Accounting Standards Board (IASB), The standard setting process, The role of the International Financial Reporting Interpretations Committee, Progress towards international harmonization, The accounting framework, The first time adoption of international financial reporting standards.
2 Property, plant and equipment
3 Intangible assets, Goodwill
4 Current assets including inventories
5 Construction contracts
6 Liabilities, Provisions and contingencies
7 Financial instruments
8 Employment and post-employment benefits
9 Current and deferred tax
10 Events after the reporting date
11 Interim financial reporting, Earnings per share, Related party disclosures, Effects of changes in foreign exchange rates
12 Operating segments, Biological assets and agricultural produce, Share-based payment
13 Definitions of subsidiaries, investments in associates and joint ventures, Exploration and evaluation expenditures
14 Preparation of consolidated statements of financial position, income statements, statements of comprehensive income and statements of changes in equity
15 Equity accounting, Proportionate consolidation and joint ventures

WHAT IS THE EXAM FORMAT
The exam will consist of four compulsory questions. There will be one compulsory question worth 40 marks and three compulsory questions of 20 marks each.

WHAT IS THE EXAM DURATION
The duration of the exam is 3 hours.

WHAT ARE THE EXAM DATES
The exam for Diploma in IFRS is held in June and December every year. You need to register by 15 April to sit for exam in June and register by 15 October to sit for exam in December.

WHERE TO GIVE EXAM
The Exam for Diploma in IFRS is held in the ACCA exam centers globally. The exam centers in United Arab Emirates currently operated by ACCA are located in Dubai (I991) and Abu Dhabi (I873).

WHAT IS THE EXAM FEE
There will be initial registration fee of 160 which will include one exam attempt. In order to re-sit for the exam if applicable, you need to pay 160 again.


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