ACCA DipIFR

More than 140 countries require or permit the use of International Financial Reporting Standards for their select class of companies. India has also mandated certain class of companies to follow Ind AS (converged with International Financial Reporting Standards) for financial reporting purpose.

The companies are currently focussing on recruiting the employees who have knowledge of Ind AS and other global financial reporting standards. Accordingly, the demand for professionals with knowledge in Global Financial Reporting Standards / Ind AS is increasing at rapid pace.

DipIFR is an international qualification in International Financial Reporting Standards accredited by the leading professional accounting organization – ACCA which is based in UK. DipIFR course is designed to develop working knowledge on International Financial Reporting Standards, providing an in-depth understanding of the concepts and principles and their practical application.

On completion of this program the participants will acquire:

• In-depth understanding of key International Financial Reporting Standards principles and rules

• Skills necessary for preparing financial statements

• Experience in developing professional judgment on practical application

• Understanding of key differences between Indian GAAP, Ind AS and International Financial Reporting Standards

DipIFR exam is assessed by a single three-hour Computer Based Exam (CBE), which is held twice a year in June and December at ACCA’s exam centres, including Pune and other centres in India. The pass mark is 50%.

The exam paper is divided in two sections. It contains a mix of computational and discursive elements. Some questions adopt a scenario/case study approach. Section A includes a mainly computational question and Section B contains a mix of computational and discursive questions.

Eligibility:

• If you are a professional accountant or auditor engaged in practice or business, and are qualified according to national accounting standards, then you are eligible to take this ACCA financial reporting qualification (For e.g. Chartered Accountant holding valid membership certificate)

• If you are a working professional, but not yet qualified as required in above, then you may still be eligible. You will need to prove that you have one of the following:

  • A relevant degree plus two years’ relevant accounting experience*

  • An ACCA certificate in International Financial Reporting plus two years’ relevant accounting experience*

  • Three years’ relevant accounting experience*

  • ACCA affiliate status

By submitting experience letter in a specified format. CA Articleship experience of 3 years may be considered relevant for work experience criteria.