ACCA, CA Final, DipIFR, IFRS -

Diploma in International Financial Reporting (DipIFR)

OVERVIEW

An ACCA qualification for finance professionals

If you are a finance professional who is not already knowledgeable about the details of International Financial Reporting Standards (IFRS), this qualification has a fast and efficient solution to meet your needs. If you need to develop a working knowledge of the area, the DipIFR can help prepare you.

International Financial Reporting Standards (IFRS) are mandated in more than 100 countries worldwide. All listed companies in the European Union (EU) have to prepare consolidated company accounts that comply with IFRS. It also affects associates and subsidiaries of EU-listed companies.

Other countries such as Australia, Hong Kong and South Africa have already adopted IFRS or equivalents as their local Generally Accepted Accounting Principles (GAAP). And many other countries around the world, including India, are moving towards applying IFRS, which is having a significant impact on financial reporting.

Course objectives

The course is designed to develop your knowledge and understanding of International Financial Reporting Standards. You will also learn how to apply them, as well as the concepts and principles which underpin them.

On completion of the Diploma candidates should be able to:

  • understand, explain and apply the IASB's Conceptual Framework for Financial Reporting
  • 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 (excluding group cash-flow statements) including subsidiaries, associates and joint arrangements.

WHO IS IT FOR?

If you are a professional accountant or auditor who works in practice or business, and are a member of an IFAC membership body, then you are eligible to take this ACCA financial reporting qualification. Check the list of IFAC membership bodies.

If you are working in practice, but not yet qualified or not a member of an IFAC membership body, then you may still be eligible. You will need to prove that you have one of the following:

  • Two years' relevant accounting experience and a relevant degree (attracting at least ACCA qualification exemptions for the Applied Knowledge and Corporate and Business Law (LW) exams)
  • Two years‘ relevant accounting experience and an ACCA Certificate in International Financial Reporting
  • Three years' relevant accounting experience
  • ACCA affiliate status

To confirm the relevance of a degree please use our Exemptions calculator.

If applying on the basis of experience, please submit a completed experience confirmation form (PDF, 490 KB).

CertIFR

If you don't yet have the entry requirements to start DipIFR, then why not consider our online Certificate in International Financial Reporting (CertIFR)?

To find out more information, visit the CertIFR page

 

HOW IT WORKS

DipIFR is assessed by a three-hour written exam held twice a year with a pass mark of 50 per cent. You can apply online at any time to start studying DipIFR.

DipIFR is supported by study materials from ACCA's Approved Content Providers. To find a list of these partners, visit ACCA's Content Provider Directory by using the 'Related links' section of this page.

ACCA’s Accredited Learning Providers offer tuition for DipIFR. To search for an Accredited Learning Partner, visit our Registered Learning Partner Directory.

COURSE DETAILS

Exam

The Diploma in International Financial Reporting (DipIFR) is assessed by a single three-hour, 15 minute computer-based exam. You will need to achieve a 50 per cent mark or above to pass the exam. The exam is held twice a year - in June and December at ACCA's exam centers. Please see the dates and fees tab for the most up-to-date exam dates.

The exam requires a mix of calculations and written answers. The assessment marks are:

 4 X 25 Marks Questions 100 Marks
DATE AND FEES

Exam dates and fees

The December 2021 exam for the Diploma in International Financial Reporting is scheduled to take place on 10 December 2021.

Exam starting times

Details of local start times can be found on the Exam Planner and will be stated on exam dockets.

New applicants

View the fees for this qualification

In order to sit exams at a specific session, you will need to register for the DipIFR qualification online and upload all supporting documentation by the following registration closing date:  

15 October 2021 (for the December 2021 exam session)

Once registered you have until 1 November to access the exam planner via your myACCA account and enter for the exam.

When you log in to your myACCA and choose ‘exam entry’, you will then select the country you want to sit your exam in. This will provide you with a list of available exam centres within that country, for that particular exam session

Already registered

Registered DipIFR students can book entry to the exam by logging into myACCA and selecting 'exam entry'. 

FOR EMPLOYERS

Do you employ finance professionals who need to develop a knowledge of International Financial Reporting Standards? If so, we have a fast and efficient solution to meet your needs.

Over 113 countries require or permit the use of International Financial Reporting Standards (IFRS) for publicly-traded companies. All listed companies in the European Union (EU) have to prepare consolidated company accounts that comply with IFRS. It also affects associates and subsidiaries of EU-listed companies.

Other countries such as Australia, Hong Kong and South Africa have already adopted IFRS or equivalents as their local Generally Accepted Accounting Principles (GAAP). And many other countries around the world are moving towards applying IFRS, which is having a significant impact on financial reporting.

The course is designed to develop trainees’ knowledge and understanding of International Financial Reporting Standards. They will also learn how to apply them, as well as the concepts and principles which underpin them. 

This qualification is suitable for professional accountants or auditors who work in practice or business, and are qualified according to national accounting standards.

Trainees who are working in practice, but are not yet qualified, may still be eligible to take the qualification. They will need to prove that they have one of the following:

  • three years' relevant accounting experience (you and/or their previous employers should write a letter confirming this)
  • a relevant degree plus two years' work experience
  • an ACCA Certificate in International Financial Reporting plus two years' work experience.

 

APPLY NOW

Before you get started...

You'll need the following to complete your DipIFR application:

  • Proof of identification such as driver's license, passport or birth certificate.
  • Official translations of any documents not in English, stamped by a licensed translator who is authorised and qualified to provide translation services.
  • work experience form (PDF, 490 KB) (if applicable) 
  • If any matters listed in bye-law8 apply to you (for example if you have received a conviction or caution or been disciplined by another professional or regulatory body), please ensure you complete the Admission and Licencing Committee form. For those residing in Russia, please also complete the data consent form.
  • One of these payment methods

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