The Diploma in International Finance Reporting (DipIFR) is a qualification offered by the Association of Certified Chartered Accountants (ACCA). The ACCA is a global organisation with students and members in 170 countries, who have been in operation for over 100 years and in that time, have built a reputation of excellence in qualifications and training that is recognised around the world, especially by employers of accountants.
Finance professionals not already familiar with the principles of International Financial Reporting Standards (IFRS) will be faced with the challenge of developing a working knowledge of IFRS as quickly as possible.
The Diploma in International Financial Reporting (DipIFR) is designed to develop your knowledge of IFRS - It provides an understanding of the concepts and principles which underpin them, and their application in the international marketplace. the DipIFR also builds on the technical and practical knowledge acquired from recognised country-specific accountancy qualifications or relevant work experience.
INTERNATIONAL SOURCES OF AUTHORITY
ELEMENTS OF FINANCIAL STATEMENTS
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 FINANCIAL STATEMENTS AND ADDITIONAL DISCLOSURES
Presentation of the statement of financial position, the statement of profit or loss and other comprehensive income and the statement of changes in equity
Earnings per share
Events after the reporting period
Accounting policies, changes in accounting estimates and errors
Related party disclosures
Reporting requirements of small and mediumsized 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
The DipIFR is assessed by a single three hour written exam in June and December each year - the exam can be taken at any of the ACCA's global exam centres (over 350 worldwide).
The pass mark is 50%.