About IFRS Diploma By ACCA (ACCA Dip-IFR)

If you are a finance professional who is not already knowledgeable about the details of International Financial Reporting Standards (IFRS), this qualification has a fast and efficient solution to meet your needs. If you need to develop a working knowledge of the area, the Dip-IFR can help prepare you.

International Financial Reporting Standards (IFRS) are 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.

ACCA Dip-IFR is a diploma qualification from ACCA. It has one exam. The exam is held twice a year, in the first week of June and December. The three-hour comprehensive exam consists of four questions with 25 marks each.

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.