Dip in IFRS Course Details all you need to know

The Diploma in IFRS is the certification granted by ACCA (Association of Chartered Certified Accountants).
Following details are what you need to know about Diploma in IFRS course:

1. Exam dates
2. Exam pattern
3. Exam format
4. Course duration
5. Course Fees in Indian Rupees
6. Eligibility
7. Pass Percentage
8. Syllabus

Diploma in IFRS Exam dates

The Diploma in IFRS Examination is a single 3 hrs 15 minutes written exam that takes place twice every year. (June and December)

Now let us turn our attention towards the format and Pattern of the Exam.

IFRS Exam format

The whole written exam gets divided into calculative portions with some theoretical part.
The question pattern goes as such-25 marks each for four questions. Therefore the total is 100 marks. The passing criteria for this exam are 50 marks. After that, you need to wait for around six weeks to get the status of your performance in this exam. This means the results will be out within six weeks.

IFRS Course duration

Again the whole course duration of IFRS varies from candidates to candidates. Take for instance

For the professionals, the time frame is 180 hours
For the commerce graduates along with experience, the time frame is 250 hours
And lastly, for the non-commerce graduates, the time frame is 350 hours

This whole time you need to pay full attention to building a thorough and detailed knowledge about the course. And for this, you need to study the course material along with videos of various study content. And for a comprehensive review, a student must offer a considerable amount of time in solving the previous year's question papers.

Diploma in ifrs course details

IFRS Course fees

Well, the exam fees remain around 185 GBP i.e 13,000 INR to 15,000 INR. The exam fee is to be paid three months prior to the exam month.

IFRS Course Eligibility

Well, the eligibility for sitting in this exam varies from pupil to pupil. Take for instance-

A professional like the CS, CA and CMA, there is a requirement of a membership certificate
For B.com graduates there is a requirement of graduation certificate along with two years of working experience
And for the Non-Commerce graduate students, there is a requirement of 3 years of work experience certificate

Dip IFRS course Syllabus

A. INTERNATIONAL SOURCES OF AUTHORITY

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

B. ELEMENTS OF FINANCIAL STATEMENTS

1. Revenue recognition
2. Property, plant and equipment
3. Impairment of assets
4. Leases
5. Intangible assets and goodwill
6. Inventories
7. Financial instruments
8. Provisions, contingent assets and liabilities
9. Employment and post-employment benefits
10. Tax in financial statements
11. The effects of changes in foreign currency exchange rates
12. Agriculture
13. Share-based payment
14 Exploration and evaluation expenditures
15. Fair value measurement

C. PRESENTATION OF FINANCIAL STATEMENTS AND ADDITIONAL DISCLOSURES

1. Presentation of the statement of financial position, the statement of profit or loss and other comprehensive income and the statement of changes in equity
2. Earnings per share
3. Events after the reporting period
4. Accounting policies, changes in accounting estimates and errors
5. Related party disclosures
6. Operating segments
7. Reporting requirements of small and medium-sized entities (SMEs)

D. PREPARATION OF EXTERNAL FINANCIAL REPORTS FOR COMBINED ENTITIES, ASSOCIATES AND JOINT ARRANGEMENTS

1. Preparation of group consolidated external reports
2. Business combinations – intra-group adjustments
3. Business combinations – fair value adjustments
4. Business combinations – associates and joint arrangements
5. Complete disposal of shares in subsidiaries

Well, the primary purpose of sitting for this career-building exam is that you get to achieve the Global Accounting Standard by just a single exam. Additionally, once you secure the certification, you can apply for international brands and organizations to work in their financial sectors.

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