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IFRS (International Financial Reporting Standards)
In 2001, the International Accounting Standards Board (IASB) replaced the IASC with a remit to bring about convergence between national accounting standards through the development of global accounting standards. During its first meeting, the new board adopted existing IAS and Standing Interpretations Committee standards (SICs).
The IASB has continued to develop standards, calling the new standards "International Financial Reporting Standards" (IFRS) In 2002, the European Union (EU) agreed that, from January 1, 2005, International Financial Reporting Standards would apply to the consolidated accounts of EU-listed companies, bringing about the introduction of IFRS to many large entities.
Information on the IFRS Diploma offered by ACCA (ACCA Dip-IFR)
ACCA Dip-IFR is a diploma qualification issued by 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. The exam is conducted by ACCA, and results are announced in six weeks.
Upon passing the exam (pass marks are 50%), candidates are awarded a diploma by ACCA UK, which is recognized in over 140 countries in the world.
This diploma is considered very valuable by employers globally, and it enhances not only your knowledge but also strengthens your CV and gives a boost to your career in accounting.
Who Should Apply for This Course?
This qualification is ideal for accountants who want a globally recognized IFRS diploma but don't want to take the whole thing.
thirteen ACCA exams.
Learning Outcome
Upon completion, participants develop knowledge and skills in understanding and applying International Financial Reporting Standards (IFRS), the conceptual
framework in the preparation of the financial statements of entities, including consolidated financial statements.