The Diploma in International Financial Reporting (DipIFR) is a qualification from the Association of Chartered Certified Accountants (ACCA).
Who is it for?
It has been designed for finance professionals who want to develop their knowledge and understanding of International Financial Reporting Standards.
Benefits of ACCA DipIFR for students and professionals
According to the ACCA, on completion of the Diploma candidates should be able to:
1. understand, explain and apply the IASB’s Conceptual Framework for Financial Reporting
2. apply relevant financial reporting standards to key elements of financial reports
3. identify and apply disclosure requirements for companies in financial reports and notes
4. prepare group financial statements (excluding group cash-flow statements) including subsidiaries, associates and joint arrangements.
The International Accounting Standards Board (IASB) and the regulatory framework
Property, plant and equipment
Impairment of assets
Intangible assets and goodwill
Provisions, contingent assets and liabilities
Employment and post-employment benefits
Tax in financial statements
The effects of changes in foreign currency exchange rates
Exploration and evaluation expenditures
Fair value measurement
Presentation of the statement of financial position and the statement of profit or loss and other comprehensive income
Earnings per share
Events after the reporting period
Accounting policies, changes in accounting estimates and errors
Related party disclosures
Reporting requirements of small and medium sized entities (SMEs)
Preparation of group consolidated external reports
Business combinations – intra-group adjustments
Business combinations – fair value adjustments
Business combinations – associates and joint arrangements