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International Financial Reporting is 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 IFR or equivalents as their local Generally Accepted Accounting Principles (GAAP). And many other countries around the world, including India, are moving towards applying IFR, which is having a significant impact on financial reporting.
The course is designed to develop your knowledge and understanding of International Financial Reporting Standards. You will also learn how to apply them, as well as the concepts and principles which underpin them.
On completion of the Diploma candidates should be able to:
- understand, explain and apply the IASB's Conceptual Framework for Financial Reporting
- 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 arrangements.
Exam & Certification
Registrations for June 2020 in January 2020 have begun, contact us @ 9643308079 to know more or know how to Avail a discount
We also help students who have gone through the process directly but are unable to register for the following reasons
1) If anyone who has registered directly but has got an email from ACCA that their payment is not going through
2) Documents are rejected by ACCA, we will guide you to submit the right documents
3) Existing DipIFR students who want to sit for the June 2020 exam
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:
- Two years' relevant accounting experience and a relevant degree (attracting at least ACCA qualification exemptions F1-F4)
- Two years‘ relevant accounting experience and an ACCA Certificate in International Financial Reporting
- Three years' relevant accounting experience
- ACCA affiliate status
Only registration to Diploma in IFR is provided. 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 centres.