live batch starting 4th March
About Diploma in IFRS
Diploma in IFRS is the qualification on IFRS offered by the ACCA (Association of Chartered Certified Accountants). The qualification is a bespoke qualification offered testing participants' knowledge on various IFRS / IAS and including testing on Conceptual Framework.
The qualification assesses a participants' understanding of concepts and application on different standards.
Examination pattern
The examination comprises of 4 questions (25 marks each). The first question is compulsory testing a participants' knowledge on Group financial statements (expecting the participants to prepare a group balance sheet (SOFP) or profit or loss statement. The questions does not expect the participants to explain the solution (concepts), however, would require workings and calculations to be done for the final solution.
The other 3 questions (parts of those questions) may test participants' knowledge on different standards through various concepts and explanations along with workings.
who is it meant for
Professional accountants and auditors working in practice and industry and qualified in national accounting standards are eligible to take the qualification.
Practitioners not yet qualified, but who can verify at least one of the following, are also eligible:
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Membership of an Accountancy Professional Body
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A relevant degree (B Com) plus two years' relevant work experience in an Accounting environment
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Three years' relevant work experience for other than B Com
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ACCA Affiliate
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ACCA Diploma in Financial Management (or Certified Diploma in Accounting & Finance)
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ACCA Certificate in International Financial Reporting plus two years relevant work experience.
examinable topics
Accounting for Assets
IAS 2 Inventories
IAS 16 Property, Plant and Equipment
IAS 36 Impairment of Assets
IAS 20 Accounting for Government Grants and Disclosure of Government Assistance
IAS 23 Borrowing Costs
IAS 38 Intangible Assets
IAS 40 Investment Property
IFRS 5 Non-current Assets Held for sale and Discontinued Operations
Presentation and Disclosures
The Conceptual Framework for Financial Reporting
IAS 1 Presentation of Financial Statements
IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
IAS 10 Events After the Reporting Period
IAS 24 Related Party Disclosures
IAS 33 Earnings per Share
IFRS 1 First-Time Adoption of International Financial Reporting Standards
IFRS 8 Operating Segments
IFRS for SMEs
Accounting for Liabilities
IAS 12 Income Taxes
IAS 19 Employee Benefits
IAS 21 The Effects of Change in Foreign Exchange Rates
IAS 37 Provisions, Contingent Liabilities and Contingent Assets
IFRS 2 Share-based Payment
Group Financial Statements
IAS 27 Separate Financial Statements
IAS 28 Investments in Associates and Joint Ventures
IFRS 3 Business Combinations
IFRS 10 Consolidated Financial Statements
IFRS 11 Joint Arrangements
IFRS 12 Disclosure of Interests in Other Entities
Financial Instruments
IAS 32 Financial Instruments: Presentation
IFRS 7 Financial Instruments: Disclosure
IFRS 9 Financial Instruments
Other Areas
IFRS 15 Revenue from Contracts with Customers
IFRS 16 Leases
IAS 41 Agriculture
IFRS 6 Exploration for and Evaluation of Mineral Resources
IFRS 13 Fair Value Measurement