Diploma In IFRS By ACCA
International Financial Reporting Standards IFRS
Diploma in International Financial Reporting (DipIFR) is an international qualification in IFRS developed by the leading professional accounting organisation – Association of Chartered Certified Accountants (ACCA) – which helps to develop knowledge in the area of International Financial Reporting Standards (IFRS). The diploma is widely accepted in more than 80 countries. As with other countries around the world that have converged to IFRS, it has become increasingly relevant worldwide. International Financial Reporting Standards (IFRS) are mandated in more than 100 countries worldwide.
📄 Download IFRS Brochure (PDF)Course Objectives
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.
Who is it For?
If you are a professional accountant or auditor who works in practice or business, and are qualified according to national accounting standards, you are eligible to take this ACCA financial reporting qualification. If you are working in practice but not yet qualified, you may still be eligible.
You will need to prove that you meet one of the following:
- Two years’ relevant accounting experience and a relevant degree (attracting at least ACCA qualification exemptions for the Applied Knowledge and Corporate & Business Law (LW) exams).
- Two years’ relevant accounting experience and an ACCA Certificate in International Financial Reporting.
- Three years’ relevant accounting experience.
5 Reasons to Join Diploma
- Demonstrate your competence in IFRS and enhance your career prospects.
- Become more employable.
- Get exemption from ACCA paper F7/fr.
- The opportunity to earn an affordable qualification recognised in the UK.
- The prospect of academic progression through ACCA qualification.
Program Syllabus
A. International Sources of Authority
- The International Accounting Standards Board (IASB) and the regulatory framework.
B. Elements of Financial Statements
- Revenue recognition.
- Property, plant and equipment.
- Impairment of assets.
- Leases.
- Intangible assets and goodwill.
- Inventories.
- Financial instruments.
- Liabilities – provisions, contingent assets and liabilities.
C. Presentation and Additional Disclosures
- The IASB and the regulatory framework (presentation requirements).
- 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 date.
- Accounting policies, changes in estimates and errors; related party disclosures.
- Operating segments.
- Reporting requirements of small and medium-sized entities (SMEs).
D. Preparation of External Financial Reports for Combined Entities
- Preparation of group consolidated external reports.
- Business combinations – intra-group adjustments.
- Business combinations – fair value adjustments.
- Business combinations – associates and joint arrangements.
Our Offering
- Extensive live classroom training of 70+ hours.
- Convenient class timings to suit working individuals.
- Study material, mock tests and a question bank are provided.
- Exclusive facility of online video recorded lectures (Professional Training Centre only).
- Exemption from ACCA F7 and F3 papers.
- Study for the certificate in IFRS from ACCA while completing the diploma on the way.
IFRS Workshop at Leaders Training Center
Why Leaders Training Centre?
We offer extensive classroom training, inspirational tuition from expert practitioners who use real
examples in the classroom to bring the course to life.
Our class sizes are strictly capped, enhancing the level of support available to each candidate inside the classroom.
One-to-one tutor introduction
Our support begins on the day a student enrols with us. All of our candidates are invited to a one-to-one meeting or phone call with their course tutor.
Teaching Style
Inspirational tuition from expert practitioners who use real examples in the classroom to bring the course to life. We employ the most experienced and qualified faculty to teach.
Flexibility
Our courses are structured in modules to allow maximum flexibility for candidates. We offer classes on weekends for the convenience of students.
Value
We offer students with 120 plus hours of tutored class time, with no subjects in the curriculum omitted.
Support
We offer continuous off-class support in the form of emails, WhatsApp groups, and discussion forums.
Material
Our tutor provides an intuitive understanding of accounting and finance, not just a long sequence of theories.
How can we help? How can we help?