About the Course
The program is specifically designed for finance professionals and students who are keen to learn and implement International Financial Reporting Standards (IFRS). It offers a comprehensive preparation for the ACCA’s Diploma in IFRS (DipIFRS) exam.
This training program is meticulously crafted to ensure thorough coverage of all relevant topics, incorporating interactive discussions and practical insights to facilitate a deeper understanding of the subject matter. Throughout the program, participants will engage in practice questions and experience-sharing sessions, which are crucial for reinforcing their knowledge and skills. A key feature of the program is its focus on practical application. This practical approach ensures that they can confidently implement IFRS requirements within their organizations, addressing various financial reporting challenges that may arise.
The interactive nature of the sessions encourages active participation, allowing participants to clarify doubts and engage in meaningful discussions with peers and instructors. This collaborative learning environment enhances their ability to make informed decisions based on IFRS principles. Moreover, the program is designed to build decision-making capabilities by providing participants with numerous opportunities to apply their knowledge in simulated business situations. This experiential learning approach helps in bridging the gap between theoretical knowledge and practical application, making the learning process more effective and relevant.
Who should attend?
- Chartered Accountants, Company Secretaries, management accountants and other finance professionals
- Accountants, Finance Managers, Chief Accountants
- Private Equity and M&A professionals
- MBA finance working in accounting domain
- Semi Qualified- CA, CS, Management Accountants working in accounting domain
- Any student/ professional keen to upskill themselves in the IFRS domain
Objective of ACCA’s Diploma in IFRS
On successful completion of the course, candidates should be able to:
- Understand and explain the structure of the framework of IFRS
- 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
Why EY’s IFRS Learning?
- Theory meets practice in every session, making learning truly insightful and applicable.
- The program will encompass the recently introduced standards, specifically IFRS 18 – Presentation and Disclosure in Financial Statements and IFRS 19 – Subsidiaries without Public Accountability.
- Interactive Sessions on the implementation of Key Sustainability Standards and Metrics.
- Sessions will be delivered by Industry experts and senior professionals from member firms of EY.
- Global best practices and perspectives shared during the workshops to provide a holistic understanding of the industry challenges related to the transition to IFRS.
- Detailed coverage of differences between IFRS and Ind-AS.
- Upon successful completion of a comprehensive evaluation process, all the participants will be awarded an IFRS Certificate of Completion by EY.
ACCA’s Diploma in IFRS examination
Diploma In IFRS examinations are held twice every year in June & December. Diploma In IFRS is a program designed and owned by ACCA, its examination is conducted by ACCA. EY or its personnel have no role in the conduct or outcome of the Diploma In IFRS examinations.
Examination centres are in most of the major cities across the globe. Participants who wish to sit for Diploma In IFRS Exam conducted by ACCA will be required to additionally pay the exam fee directly to ACCA. For additional information on ACCA or Diploma In IFRS please visit www.accaglobal.com.
DipIFR will be examined by a single three-hour fifteen minutes computer-based exam, which is held twice a year in June and December at ACCA’s exam centres, including in India. The pass percentage for the exam is 50 per cent.
The exam contains a mix of computational and opinion-based questions. Some questions adopt a scenario/case study approach. The assessment will be held at various centres globally.
Successful candidates shall be awarded a ‘Diploma in International Financial Reporting’ by ACCA.
Eligibility for registering with ACCA for Diploma in IFRS examination
The EY IFRS Course can be attended by graduates with accounting background. However, to register for the ACCA’s Diploma In IFRS program, the eligibility criteria are as follow:
- If you are a professional accountant or auditor who works in practice or business, and are qualified according to national accounting standards, then you are eligible to take this ACCA financial reporting qualification.
- If you are working professional, but not yet qualified, then you may still be eligible. You will need to prove that you have one of the following:
- three years’ relevant accounting experience (by submitting a letter from your employer)
- a relevant degree plus two years’ work experience
- an ACCA Certificate in International Financial Reporting plus two years’ work experience
