ACCA Diploma in International Financial Reporting Standards (DipIFR)

This course provides a practical and detailed knowledge of the key international financial reporting standards and how they are interpreted and applied.

About the Course

What you are getting

  • DipIFR Content Study System
  • DipIFR Study Question Bank
  • Monitoring Tests with suggested answers
  • Multiple Choice Question Bank
  • Mock Exam with suggested answers
  • Tutor support

Course Outcomes

When you complete the ACCA Diploma in IFRS course, you will be able to:

  • Understand and explain the structure of the international professional and conceptual framework of accounting
  • Apply relevant financial reporting standards to key elements of financial reports
  • Identify and apply disclosure requirements for companies relating to the presentation of financial reports and notes
  • Prepare group financial statements (excluding group cash flow statements) including subsidiaries, associates, and joint ventures.

Course Syllabus

International sources of authority

  • The International Accounting Standards Board (IASB) and the regulatory framework

Elements of financial statements

  • Revenue recognition
  • Property, plant and equipment
  • Impairment of assets
  • Leases
  • Intangible assets and goodwill
  • Inventories and construction contracts
  • Financial instruments
  • Liabilities – provisions, contingent assets and liabilities
  • Accounting for employment and post- employment benefits
  • Taxation in financial statements
  • The effects of changes in foreign currency exchange rates
  • Agriculture
  • Share-based payment
  • Exploration and evaluation expenditures

Presentation and additional disclosures

  • Presentation of the statement of financial position, and statement of profit or loss and other comprehensive income
  • Earnings per share
  • Events after the reporting date
  • Accounting policies, changes in accounting estimates and errors
  • Related party disclosures
  • Operating segments
  • Reporting requirements of small and mediumsized entities (SMEs)

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

  • Preparation of group consolidated external reports
  • Business combinations – intra-group adjustments
  • Business combinations – fair value adjustments
  • Business combinations – associates and joint ventures

EXCLUDED TOPICS

The following topics are specifically excluded from the syllabus:

  • Partnership and branch financial statements
  • Complex group structures, including sub- subsidiaries or mixed groups and foreign subsidiaries
  • Piece-meal acquisitions, disposal of subsidiaries and group re-constructions
  • Financial statements of banks and similar financial institutions
  • Preparation of statements of cash flows (single company and consolidated)
  • Schemes of reorganisation/reconstruction
  • Company/share valuation
  • Accounting for insurance entities
  • International financial reporting exposure drafts and discussion papers
  • The international public sector perspective
  • Multi-employer benefit schemes
  • Information reflecting the effects of changing prices and financial reporting in hyperinflationary economies
  • Share-based payment transactions with cash alternatives

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ACCA DipIFR Online Course

Pre-order now. Course starts in January 2017.

895.00 Add to cart

Contact us to find out more.