The course is open to professional accountants and auditors who works in practice or business, and are qualified according to national accounting standards.

If you are working in practice, but not yet qualified, then you may still be eligible by providing 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

Step 1 – Create your account with Bradford Learning using the Register tab in Main Menu of our website.

Step 2 – Pay the tuition fees through our website.

Step 3 – Receive username and password to access the BPP study material and revision kit

Step 4 – Receive invitation to join online live interactive class as per schedule.

Step 5-Receive invitation to join our virtual classroom

DipIFR is assessed by a three-hour fifteen-minute computer-based exam with four questions of 25 marks each.

Question one will involve the preparation of one or more of the consolidated financial statements that are examinable within the syllabus. This question will often include issues that will need to be addressed prior to performing the consolidation procedures. Generally, these issues will relate to the financial statements of the parent prior to their consolidation.

Question two will often be related to a scenario in which questions arise regarding the appropriate accounting treatment and/or disclosure of a range of issues. In this question candidates may be asked to comment on management’s chosen accounting treatment and determine a more appropriate one, based on circumstances described in the question.

Question three will usually focus more specifically on the requirements of one specific IFRS. This question will typically contain a mixture of explanation of the principles underpinning the standard and practical application of those principles.

Question four will usually consist of a scenario in which the candidate is given a series of queries from a superior relating to the financial statements. The requirement will usually be to answer each query. The queries will normally be independent of each other. It will be rare for the queries in question four to require a numerical answer.

SYLLABUS

A) INTERNATIONAL SOURCES OF AUTHORITY

1. The International Accounting Standards Board (IASB) and the regulatory framework

B) ELEMENTS OF FINANCIAL STATEMENTS

1. Revenue recognition
2. Property, plant and equipment
3. Impairment of assets
4. Leases
5. Intangible assets and goodwill
6. Inventories
7. Financial instruments
8. Provisions, contingent assets and liabilities
9. Employment and post-employment benefits
10. Tax in financial statements
11. The effects of changes in foreign currency exchange rates
12. Agriculture
13. Share-based payment
14. Exploration and evaluation expenditures
15. Fair value measurement

C) PRESENTATION OF FINANCIAL STATEMENTS AND ADDITIONAL DISCLOSURES

1. Presentation of the statement of financial position, the statement of profit or loss and other comprehensive income and the statement of changes in equity
2. Earnings per share
3. Events after the reporting period
4. Accounting policies, changes in accounting estimates and errors
5. Related party disclosures
6. Operating segments
7. Reporting requirements of small and medium-sized entities (SMEs).

D PREPARATION OF EXTERNAL FINANCIAL REPORTS FOR COMBINED ENTITIES, ASSOCIATES AND JOINT ARRANGEMENTS

1. Preparation of group consolidated external reports
2. Business combinations – intra-group adjustments
3. Business combinations – fair value adjustments
4. Business combinations – associates and joint arrangements
5. Complete disposal of shares in subsidiaries

EXCLUDED TOPICS

The following topics are specifically excluded from the syllabus:

Partnership and branch financial statements

Complex group structures, including sub subsidiaries or mixed groups and foreign subsidiaries

Step acquisitions, partial disposal of subsidiaries and group re-constructions

Financial statements of banks and similar financial institutions

Preparation of statements of cash flow (single company and consolidated)

Preparation of interim financial statements

Accounting for insurance entities

International financial reporting exposure drafts and discussion papers

The international public sector perspective

Multi-employer benefit schemes

Information reflecting the effects of changing prices and financial reporting in hyperinflationary economies

Share-based payment transactions with cash

Alternatives

Assistance will be provided in planning a study schedule. Tutors will also be available to discuss the progress personally.

Quiz/Tests will be conducted in every session to make the session more interactive and to assess your understanding.

Our tutors shall send weekly assignments to help the student maintain a firm grip over the subject.

Past question papers will be discussed and solved.

We will encourage the students to appear for all the mock exams, results of which will be reviewed by our trainer.

Short notes prepared by the teacher will be shared after each session that are useful for last minute revision.

Recordings of every live session will be shared with the students.

We strictly monitor the attendance of students and ensure reaching out to the absentees to motivate them to attend the classes.

Bradford offers complete guidance through registration with ACCA, exam registration and obtaining the certification.

Course completion certificate from Bradford Learning Global, UK

BPP e-text and revision kit which is the approved study material by ACCA.

Fees to ACCA

Registration: £89

Exam Fee : £120

The fee is subject to minor differences in different countries. Know more here.;

Exam window:

Exam held twice a year

June &

December

Exam registration:

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

Once registered you can access the exam planner via your myACCA account.

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.

You can apply for the Diploma in International Financial Reporting (DipIFR) at any time, but if you want to sit exams at a specific exam session, the ACCA will need to receive your registration form and copies of all your supporting documents at least 20 days before for postal applications and 10 days before for online applications

Register for the course here.

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

Exam result:

Exam results are usually released within two months after the exam and shall be shared via email upon registering through myACCA

A score of 50 is considered passing out of 100.

How do I find learning materials to support my studies towards the DipIFR qualification?

ACCA has an Approved Content Provider programme. This is the way in which ACCA quality assures a range of content from different providers designed to support study for the ACCA qualifications.

These approved materials are subject to  review by ACCA’s examining team.

The approved provider for Dip IFR is BPP Learning Media.

For information about ACCA’s Approved Content Provider programme and for access to ACCA’s Content Provider Directory, please go to the Content Provider Directory where you can find in the Related Links section on this page.

In accordance with IFRS9 Financial instruments, an entity may elect to recognise subsequent re-measurement of investments in equity instruments within other comprehensive income. Is this within the syllabus?

Yes, this is within the syllabus and it is therefore examinable. However, unless the question specifically mentions that the entity has made this election, candidates should assume the default position where any changes in fair value are recognised in profit or loss.

My revision strategy is to learn certain topics and answer questions only on those. Is this the best way to revise?

A candidate should have an understanding of every element of the syllabus.

Are recently revised versions of (IFRS) International Financial Reporting Standards examinable?

The current version of the IFRS is examinable if it has been issued before the cut-off date of 31 August. You should refer to the published list of examinable documents for the exam session that is applicable to you. For exams in December 2016 and June 2017, the versions of standards that will be examined are those that were issued by 1 September 2015.

Does the examiner prefer full or partial measurement of goodwill?

This will depend on the question; both the full measurement (which includes non-controlling interests in the goodwill calculation) and the partial measurement (which excludes non-controlling interests) of goodwill could be examinable.

Could you test the reconciliation of group-retained earnings?

Yes, but it hasn’t been tested very often in the past and candidates don’t answer this type of question particularly well. Despite this, the preparation of a consolidated statement of changes in equity does form part of section D of the syllabus so candidates should know how to reconcile the opening and closing balances of group retained earnings.

Will discount factors be given if candidates are expected to determine present values?

Yes, the relevant discount factors will be given.

What if candidates are taught different methods of preparing consolidated accounts, for example, journal entries or ledger accounts?

Appropriate credit will be given as long as the student has answered the question and their workings are clear.

How should candidates better prepare for the DipIFR exam?

We have evidence that many candidates do not practise exam questions prior to the exam but simply read the questions and model answers together. Candidates are advised to practise the past papers as if they were sitting the exam. Past papers are published on the website but these are not updated for any technical changes arising from updates to IFRS. We recommend that candidates use the revision question banks published by the approved content providers as these contain past exam questions that are updated to reflect the latest syllabus and examinable documents

If partial workings in the consolidated financial statements aren’t referenced back to the financial statements, would they be marked?

Yes, anything in the answer booklet is marked.

The topic of reporting SMEs is included in the syllabus (part C, section 7 “Reporting requirements of small and medium sized entities”), but the IFRS SME standard is not included in the list of examinable documents. Is this a mistake?

This is not a mistake. The study guide for this section of the syllabus contains the detailed learning outcomes and these all focus on the reasons behind the IFRS for SMEs and other issues related to its development. Candidates will not be asked about the detailed requirements in the standard or about how these differ from full IFRS. For this reason, it was decided that the standard should not be included in the examinable documents list.

Is the new standard on leases. IFRS 16, examinable?

IFRS16 Leases was issued in January 2016 and will therefore first be examinable from December 2017 onwards.

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