International Financial Reporting Standards (IFRS)

International Financial Reporting Standards (IFRS) are the foundation of setting uniform global standards whichwill be applied and implemented in most countries including India. IFRS is quickly becoming a worldwide set of regulations, knowing how to apply them is a must for any accounting professional who wants to get ahead in the global economy.

All listed countries in the European Union are required to prepare consolidated company accounts in compliance with IFRS, and many other countries are adopting the same practice. Being fluent in IFRS is already becoming a requirement across many professions, and this requirement can easily be met upon completion of the DipIFR program.

We offer a 10 Day Review Course leading to a Diploma in IFRS or a 2 Day Overview.

Why Dip IFR and Its Benefits

• Knowledge and understanding of the application of IFRS and the concepts and principles that support the standards

• Combines a structured course of study in IFRS with a proctored test of your IFRS knowledge and skills

• Required for preparation and reporting of Financial Statements in most Countries in the world.

Topics & Exam Details

The Dip IFR Exam is offered by ACCA UK and held in India in Jun and Dec. It’s a 3 hr objective type exam covering all standards used in preparation of Financial Statements.

• International sources of authority

• Elements of financial statements

• Presentation and additional disclosures

• Preparation of external financial reports for single entities

• Preparation of external financial reports for combined entities and joint ventures.

Eligibility

• Professional accountants / students and auditors who are qualified in accordance with national accounting standards OR

• Practitioners who can verify that they have three-years of relevant accounting experience by submitting a confirmation letter from their employer