Diploma in International Financial Reporting DiplIFR-Overview and objectives Course objectives • To help you understand how International Financial Reporting Standards (IFRS) are used around the world • To explain the workings of the IFRSF/IASB and how these are being changed • To examine the fundamental requirements of IFRS on a standard-by-standard basis for the benefit of preparers, auditors and users of financial statements • To provide guidance on how to use IFRS in practice with the aid of questions, cases and exercises. 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.
Eligibility 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: 1. Three years' relevant accounting experience (by submitting a letter from your employer) 2. A relevant degree plus two years' work experience 3. An ACCA Certificate in International Financial Report ing plus two years' work experience.
Exam Pattern & Dates Exams The Diploma in International Financial Reporting (DipIFR) is assessed by a single three-hour 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. Please see below for the exam dates are 11 June 2013 & 10 December 2013
