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Description
As borders melt and businesses become global, there has arisen the need for a common set of standards that are universally acknowledged, adopted, verifiable and accessible. When it comes to accounting, there is the IFRS (International Financial Reporting Standard), the de facto standard that defines globally accepted accounting principles.
As a financial professional seeking to work or working in a MNC, you will be required to have a through grasp of the structure and principles that comprise this framework. The DipIFR by ACCA is a well-recognized credential that is a reflection of your expertise to apply the IFRS and help your company gain social, economic, and political support in the areas of operation and management.
Our workshop helps you prepare for this credential while also giving you the practical expertise to develop financial statements that will help the organization in operations, gain investor support, better manage subsidiaries and trade unions, and harmonize workflow.
What you will learn to do:
- Thoroughly prepare for the Diploma in International Financial Reporting
- Understand the structure of framework and principles of international accounting
- Become well-versed in accounting standards that is accepted in more than 113 countries
- Develop financial reports according to globally accepted standards
- Identify and apply disclosure requirements to earn customer trust and loyalty
- Prepare financial statements that will help gain economic and political support
You will also get:
- Downloadable courseware
- Full exam prep
- Post workshop support
Key Features
Certification
Prerequisites:
You should be a practicing professional accountant or auditor, qualified according to national accounting standards to take this diploma.
If you are working in practice but not qualified, you may still apply for the diploma if you satisfy these requisites:
- three years' relevant accounting experience (by submitting a letter from your employer)
- a relevant degree plus two years' work experience
- an ACCA Certificate in International Financial Reporting plus two years' work experience
Certification:
The DipFIR is a certification provided by the ACCA (Association of Chartered Certified Accountants), the global body for professional accountants.
The Exam:
The DipIFR is a single three-hour written exam, split into two sections. It is held twice a year in June and December.
The assessment marks for the two sections are split as follows:
|
|
|
Marks |
|
Section A |
One ‘groups’ question |
40 |
|
Section B |
Three scenario questions of 20 marks each |
60 |
|
Total |
|
100 |
Curriculum
- Comprehend and explain the fundamentals and structure of the framework of international accounting
- Learn how to apply appropriate financial reporting standards to the main elements of financial reports
- Find out and apply disclosure requirements for companies in financial reports and notes
- Create detailed group financial statements (excluding group cash-flow statements) including subsidiaries, associates and joint ventures
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Senior EngineerFrequently Asked Questions
The Diploma in Financial Reporting is a credential offered by the ACCA, the globally recognized accountancy body. DipIFR is a reflection of a professional’s expertise to apply the IFRS for an organization to gain social, economic, and political support in the areas of operation and management.
ACCA, stands for Association of Chartered Certified Accountants and is a globally recognized centre for financial studies and trainings. Its offers plenty of accountancy certifications and a credential from ACCA is a reflection of the holder’s expertise in the given area.
International Financial Reporting Standards define a set of globally accepted standards that are used by organizations to make their company accounts and financial reporting understandable across geographies and cultures. This is especially useful for multinationals who have a presence in various locations across the world and are required to conform to the political laws of the geography.
This is a single three-hour written exam, split into two sections. It is held twice a year in June and December.
The exam is split into two sections. Section A is a single 40-mark question and section B is split into 3 scenario-based questions of 20 marks each.
The prerequisites are mandatory for applying for the exam. Alternatively if you do not meet the eligibility criteria for DipIFR, you can consider ACCA’s online certificate in international financial reporting for SMEs (CertIFRS for SMEs).
To find out more information, visit the CertIFR page
The pass mark for this qualification examination is 50%.
ACCA requires its members in active professional roles to obtain and maintain continuing professional development (CPD) units. To learn more about this, please visit: https://www.accaglobal.com/in/en/member/cpd.html
KnowledgeHut holds this training as a classroom workshop throughout the year in its various centres. Our faculty are dedicated professionals with years of corporate experience and a passion for igniting minds.
The trainers are highly qualified and certified instructors with 20+ years of experience to deliver classroom training.
It is easy to enroll for classroom training online. There are several options to pay either through your debit/credit card that includes Visa Card, MasterCard; American Express or - via PayPal. Payment receipt will be issued to the candidate automatically by email.
Any registration cancelled within 48 hours of the initial registration will be refunded in FULL (please note that all cancellations will incur a 5% deduction in the refunded amount due to transactional costs applicable while refunding). Refunds will be processed within 30 days of receipt of written request for refund. Kindly go through our Refund Policy for more details: https://www.knowledgehut.com/refund-policy
This course is ideal for professional accountants or those involved in auditing and finances in their enterprise.
Please send in an email to support@knowledgehut.com, and we will answer any queries you may have!