Diploma in International Financial Reporting (DipIFR)

Mirchawala’s Hub of Accountancy is pleased to offer a comprehensive Diploma in International Financial Reporting (DipIFR) course. The goal of the course is to get students ready for the newest developments in international accounting.

The Diploma in International Financial Reporting, or ACCA DipIFR, is a certification provided by the Association of Chartered Certified Accountants (ACCA). This course is designed for financial professionals who wish to deepen their understanding of International Financial Reporting Standards (IFRS).

If you are an aspiring finance professional and wish to get a deeper understanding of International Financial Reporting Standards (IFRS), you must consider completing the DipIFR course under the guidance of Sir Mustafa Mirchawala. The content of the course is based on the syllabus for the internationally recognized ACCA Diploma in IFRS, which is offered by the Association of Chartered Certified Accountants.

The Course Objective of ACCA DipIFR

The course will help you enhance your knowledge and comprehension of international financial Along with learning the ideas and precepts that guide them, you will also learn how to put them into practice.

After earning the diploma, individuals ought to be qualified to:

Understand, elucidate, and implement the IASB’s Financial Reporting Conceptual Framework.
The main components of financial reports should be subject to applicable financial reporting requirements.
Determine and implement the disclosure obligations for businesses in the financial notes and reports.
Create group financial statements that include subsidiaries, associates, and joint ventures, but do not include group cash-flow statements.

Why Should You Pursue the ACCA DipIFR Course?

One can decide to pursue the ACCA DipIFR (Diploma in International Financial Reporting) certification for a variety of reasons. These may consist of the following:

Professional Growth: Having this certification may lead to more employment openings and general professional development.

International Acceptance: It raises professional credibility anywhere on the globe because it is a globally recognized credential.

Proficiency with IFRS: It offers the chance to gain in-depth knowledge and proficiency with International Financial Reporting Standards (IFRS).

Industry Standards Compliance: Having this accreditation can help guarantee that you stay up-to-date with industry standards.

Professional Development: It provides a noteworthy advancement towards ongoing professional proficiency and development.

Path to ACCA Membership: Obtaining an ACCA membership can be done through the diploma.

Continuous Learning and Development: Earning the ACCA DipIFR encourages lifelong learning and advancement in the workplace.

Aside from these motives, people could select the ACCA DipIFR to further their careers or for personal fulfillment.

Eligibility Criteria

You may enroll in this ACCA financial reporting qualification if you are a practicing or employed professional accountant or auditor. Examine the membership bodies of IFAC.

Even if you are not yet qualified but are a working professional, you can still be eligible if you meet any of the following requirements:

Three years of appropriate accounting experience, as verified by the employer’s properly completed, signed, and stamped ACCA experience form

a B.Com. and two years of professional experience

two years of professional experience and an ACCA certificate in International Financial Reporting

Detailed Course Syllabus

The following subjects are covered in the ACCA IFRS course syllabus:

International sources of authority

Elements of financial statements

Presentation and additional disclosures

Preparation of external financial reports for combined entities, associates, and joint arrangements

A single, three-hour written exam is used to evaluate candidates for the ACCA Diploma in IFRS (DipIFR). To finish the paper, you must receive a mark of at least 50%.

The exam is administered twice a year at the ACCA exam centers, in the months of June and December.

The paper consists of two sections that call for a combination of written responses and calculations. The division of the assessment marks is as follows:

Section A: There is one “groups” question paper with 40 marks.

Section B: Three 20-mark scenario question papers totaling 60 marks.

So, this was a quick overview of the ACCA Diploma in IFRS (DipIFR) course. Hopefully, you have found them interesting and helpful. Please share your views in the comment below. Also, if you wish to know more about the ACCA course or facilities, feel free to contact us.