Why ACCA DipIFR?
IFRS are rapidly increasing in importance globally. More than 114 countries require or permit the use of IFRS for listed companies. The companies cannot ignore the need for their staff to understand IFRS and its implications for their financial reporting and the whole business.
Further, on 16 February 2015, the Ministry of Corporate Affairs (MCA) issued a notification announcing a revised roadmap for implementation of Ind AS converged with IFRS. Ind AS are required to be adopted in a phased manner for the financial year beginning on or after 1 April 2016 with comparatives for the year ending 31 March 2016 for certain class of companies.
The commitment to adoption of Ind AS is a welcome step as it has several benefits such as reduced cost of capital, better access to global capital markets, more cross border transactions, better comparability and transparency of business performance and activities etc. Consequently, demand for professionals with IFRS skills will increase at an accelerating rate.
DipIFR is an international qualification in IFRS developed by the leading professional accounting organization, ACCA. DipIFR course is designed to develop working knowledge on IFRS, providing an in-depth understanding of the concepts and principles of IFRS and their practical application. DipIFR qualification raises your professional knowledge of IFRS to the next level and gives you competitive edge in the international marketplace.
On completion of this program the participants will acquire:
- In-depth understanding of key IFRS principles and rules
- Skills necessary for preparing financial statements under IFRS
- Experience in developing professional judgment on practical application of IFRS
- Understanding of key differences between Indian GAAP, IFRS and Ind AS
Weekend batch starting from
19 July 2015
790, Bhandarkar Institute Road,
Deccan Gymkhana, Opposite HDFC Bank,
Weekday batch starting from
20 July 2015
ACE Coaching Academy
Chintamani Apartment, Above Vidya Sahakari Bank,
Near Senadatta Police Station,
Lal Bahadur Shastri Road, Navi Peth,
Examination Date for year 2015
11 December 2015
- Ninety (90) hours of interactive classroom training
- The sessions will be held at weekends/ weekdays
- Each session will cover theoretical aspects of each standard including practical application
- Mock exam and interim tests shall be conducted to help students prepare well for the exam
- This program will assist participants to appear for DipIFR exam which will be held in December 2015/ June 2016
Program fee and schedule
The program fee is INR 22,000/- plus applicable service tax
- INR 1,000 discount per participant will be offered for group of 3 or more participants
- INR 1,000 discount per participant will be offered if the registration is completed and fees are paid before 5 June 2015
Special offer for CA / CS / CMA students Program fee INR 15,000 plus applicable service tax
The fee for the training program covers:
- 90 hours of interactive classroom training
- Study material (text book, question bank and training slides)
- Interim tests
- Mock exam
The program fee excludes the exam registration fees payable to the ACCA for the DipIFR exam
- CFOs/ Finance Directors
- Practicing CA, CS & CMA
- Finance Controllers
- Accountants and Analysts
- Investment bankers
- Professionals working in Mergers and Acquisitions Department
- Professionals involved in auditing, reporting, accounting and finance domain
- 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
- If you are a working professional, but not yet qualified, then you may still be eligible. You will need to prove that you have one of the following:
- Three years' relevant accounting experience (by submitting a letter from your employer)
- A relevant degree plus two years' work experience*
- An ACCA certificate in International Financial Reporting plus two years' work experience
DipIFR will be assessed by a single three-hour written exam, which is held twice a year in June and December at the ACCA’s exam centres, including Pune and other centres in India. The pass mark is 50%.
The exam is a three hour paper 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.
|Section||No. of marks|
|Section A: One group accounting question||40|
|Section B: Three compulsory questions (20 marks each)||60|
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