What is ACCA DipIFR?

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

  • Revenue recognition
  • Property, plant and equipment
  • Impairment of assets
  • Leases
  • Intangible assets and goodwill
  • Inventories
  • Financial instruments
  • Provisions, contingent assets and liabilities
  • Employment and post-employment benefits
  • Tax in financial statements
  • The effects of changes in foreign currency exchange rates
  • Agriculture
  • Share-based payment
  • 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
  • Operating segments
  • 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
  • Complete disposal of shares in subsidiaries