IFRS Diploma Details

Program Description

The IFRS Diploma Program, the ACCA's Diploma in International Financial Reporting (DipIFR), is an advanced certification designed to enhance the knowledge and application of International Financial Reporting Standards (IFRS). This program is tailored for accounting and finance professionals seeking to deepen their expertise in global financial reporting standards.

Program Objectives

• Comprehensive Understanding: To provide a thorough understanding of IFRS and their application in financial reporting.

• Practical Skills: To develop practical skills for preparing and interpreting financial statements under IFRS.

• Professional Competence: To enhance professional competence in applying IFRS in various scenarios.

• Global Standards: To prepare participants to work effectively in environments where IFRS is used, ensuring transparency and consistency in financial reporting.

• Stay Updated: To keep participants informed about recent developments and updates in IFRS

Program Outlines

Module 1: Introduction to IFRS

• Overview of IFRS and its significance in global financial reporting.

• The structure and governance of the International Accounting Standards Board (IASB).

• Conceptual framework of IFRS.

Module 2: Presentation of Financial Statements

• IAS 1: Presentation of Financial Statements.

• IAS 8: Accounting Policies, Changes in Accounting Estimates, and Errors .

• IAS 37: Provisions, Contingent Liabilities, and Contingent Assets.

• IAS 10: Events after the Reporting Period.

Module 3: Non-Current Assets and Liabilities

• IAS 16: Property, Plant, and Equipment.

• IAS 38: Intangible Assets.

• IFRS 16: Leases.

• IAS 23: Borrowing Costs.

• IAS 40: investments Property.

• IAS 36: Impairment of assets.

• Ias 41: agriculture.

• IFRS 6 : mineral resources.

Module 4: Revenue Recognition

• IFRS 15: Revenue from Contracts with Customers.

• IAS 2 : inventories.

Module 5: Income taxes and foreign currency

• IAS 12: Income Taxes.

• IAS 21: The Effects of Changes in Foreign Exchange Rates.

Module 6: Employee

• IAS 19: Employee Benefits.

• IFRS 2: Share-based Payments.

Module 7: General STANDARDS

• IAS 24: Related Parties.

• Ifrs 8: REPORTING SEGMANTS.

• Ias 33: earning Ber_ share.

• IFRS 5 : NUN CURRENT ASSETS HELD FOR SALE .

Module 8: Financial Instruments

• IFRS 9: Financial Instruments - Classification, recognition, and measurement.

• IAS 32: Financial Instruments: Presentation - Financial liabilities and equity.

• IFRS 7: Financial Instruments: Disclosures - Required disclosures.

Module 9: Consolidation and Group Financial Statements.

• IAS 28: Investments in Associates and Joint Ventures.

• Ifrs 11 : joint arrangements.

• IFRS 10: Consolidated Financial Statements.

• IFRS 3: Business Combinations.

• Ias 27: separate financial statements.

• IFRS 12: Disclosure of Interests in Other Entities - Disclosure requirements.

Module 10: Recent Developments and Updates

• IFRS 17: INSURANCE

• Overview of new IFRS standards and their impact.

• Recent amendments to existing standards and emerging issues.

Prerequisites

• Basic Knowledge: A fundamental understanding of accounting principles.

• Work Experience: While not always mandatory, having experience in accounting or finance can be beneficial.