Diploma in IFRS

This course is about the International Financial Reporting Standards (IFRS). Nationally qualified accountants and auditors can now update their skills to meet the challenges involved in adopting and implementing IFRS in their workplace. An educational or vocational background in financial reporting is recommended before starting the Cert IFR.

This course also benefits ACCA members who gained their qualification prior to the introduction of IFRS. For ACCA members whose qualifications are already based on IFRS, the Cert IFR is an opportunity to update their IFRS knowledge for recent IASB publications.

Why DipIFRS:

The ACCA diploma in IFRS has been developed by the Association of certified chartered Accountants (ACCA-UK). A way to learn the fine art of international Financial Reporting, That gives a detailed insight of how Apply IFRS.

Diploma in IFRS is a fast and efficient solution that will develop the current knowledge of Financial Reporting at international standards.

Learning outcomes of DipIFRS:

The Diploma in IFRS training in Dubai will enable you to:

• Understand and explain the structure of the framework of international accounting.

• Research Analyst

• Apply relevant financial reporting standards to key elements of financial reports.

• Identify and apply disclosure requirements for companies in financial reports and notes.

• Prepare group financial statements including subsidiaries, associates and joint ventures.

Eligibility for Diploma in IFRS:

• A professional accountant or auditor, qualified according to national accounting standards.

• Working in practice but not yet qualified, (may still be eligible provided you have one of the following:

  • 3 years relevant accounting experience ( by submitting an experience letter from your employer)

  • A relevant degree along with 2 years of work experience.

  • An ACCA certificate in IFRS along with 2 years of work experience.

Syllabus

1. The nature and operations of the IASB

• Structure of the IFRSF/IASB

• Extant standards of the IASB

• The framework.

2. The status and use of IFRSs around the world

• The use of IFRS around the world

• The IASB roadmap

• The annual IASB bound volume and its use.

3. Presentation and profit

• IAS 1, Presentation of financial statements

• IFRS 15, Revenue from contracts with customers

• IAS 8, accounting policies, changes in accounting estimates and errors.

4. Accounting for assets and liabilities - Part 1

• IAS 16, Property, plant and equipment

• IAS 38, Intangible assets

• IAS 40, Investment Property

• IAS 36, Impairment of assets

• IAS 23, Borrowing costs

• IAS 20, Accounting for government grants and disclosure of government assistance

• IAS 2, Inventories

• IAS 17, Leases

• IFRS 5, Non-current assets held for sale and discontinued operations

5. Accounting for assets and liabilities - Part 2

• IFRS 13, Fair Value Measurement

• IFRS 32, Financial instruments - presentation

• IFRS 9, Financial instruments

• IFRS 7, Financial instruments: disclosures

• IFRS 2, Share-based payment

• IAS 37, Provisions, contingent liabilities and contingent assets

• IAS 10, Events after the reporting period

• IAS 19, Employee benefits

• IAS 12, Income taxes

• IAS 41, Agriculture

• IFRS 6, Exploration for and evaluation of mineral resources. 

6. Group Accounting

• IFRS 10, Consolidated Financial Statements

• IAS 27 (revised 2011), Separate financial statements

• IFRS 3, Business Combinations

• IAS 28 (revised 2011), Investments in associates and joint ventures

• IFRS 11, Joint arrangements

• IFRS 12, Disclosure of interests in other entities

• IAS 21, The effects of changes in foreign exchange rates

• IAS 29, Financial reporting in hyperinflationary economies.

7. Disclosure Standards

• IAS 7, Statement of cash flows

• IAS 24, Related party disclosures

• IAS 33, Earnings per share

• IAS 34, Interim financial reporting

• IFRS 4, Insurance contracts

• IFRS 1, First time adoption of IFRS

• IFRS 8, operating segments.

8. Principal differences between UK/US GAAP and IFRS

9. Proposals for change