INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)
Iclass Tuition offers IFRS classes as part of its goal of continuously developing professionals. Lectures are held at the weekends and on-demand lectures are also available
DIPLOMA IN IFRS – AN ACCA QUALIFICATION FOR FINANCE PROFESSIONALS
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
DipIFR 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.
Other countries such as Nigeria, Australia, Hong Kong and South Africa have already adopted IFRS or equivalents as their local Generally Accepted Accounting Principles (GAAP). And many other countries around the world, including India, are moving towards
applying IFRS, which is having a significant impact on financial reporting.
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.
- 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 the following, are also eligible:
- Two years relevant accounting experience and a relevant degree (attracting at least ACCA
qualification exemptions AB-LW)
- Two years‘ relevant accounting experience and an ACCA Certificate in International
- Three years relevant accounting experience
- ACCA affiliate status
None involved in qualifying, but the qualification is designed to accompany relevant work.
Number of exams – One written exam.
How long does it take? – Three to six months.