Overview

DipIFR builds upon your technical and practical knowledge derived from recognized country-specific accounting qualifications or relevant professional experience. The program also introduces essential ethical and professional principles that are crucial for anyone working in this field.

Studying ACCA’s DipIFR will enable you to:
  • understand and explain the structure of the international professional and conceptual framework of financial reporting
  • Apply relevant international financial reporting standards (IFRS Accounting Standards) to key elements of financial statements and notes
  • Identify and apply disclosure requirements for entities relating to the presentation of financial statements and notes
  • Prepare group financial statements (excluding group cashflow statements) including subsidiaries, associates and joint arrangements.

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DipIFR Eligibility

The Diploma in International Financial Reporting (DipIFR) is intended for professional accountants and auditors who are engaged in practice or business and hold qualifications based on national accounting standards. If you are currently working in practice but have not yet qualified, you may still be eligible. To qualify, you must demonstrate one of the following:

  • Two years of relevant accounting experience along with a relevant degree or an ACCA Certificate in International Financial Reporting.
  • Three years of relevant accounting experience, which must be verified through a letter from your employer.

This ensures that candidates possess the necessary practical experience to succeed in the program.

DipIFR Syllabus

The diploma programme addresses international financial reporting through the following key topic areas:

  • The International Accounting Standards Board (IASB) and the regulatory framework
  • Fundamental ethical and professional principles

  • Revenue recognition
  • Property, plant and equipment
  • Impairment of assets
  • Leases
  • Intangible assets and goodwill
  • Inventories
  • Financial instruments
  • Provisions, contingent assets and liabilities
  • Employee benefits
  • Tax in financial statements
  • The effects of changes in foreign currency exchange rates
  • Agriculture
  • Share-based payment
  • Exploration and evaluation expenditures
  • Fair value measurement

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

  • Preparation of group consolidated external reports
  • Business combinations – intra-group adjustments
  • Business combinations – fair value adjustments
  • Business combinations – associates and joint arrangements
  • Complete disposal of shares in subsidiaries

DipIFR Fees

Registration fees : £89

Exam fees : £143

Students are required to pay an initial registration fee at the point of applying for the Dip IFR qualification. students are allowed to re-sit the exam and will be charged per re-sit.

DipIFR Exam Detail

  • Qualification: The Diploma in International Financial Reporting (DipIFR).
  • Evaluation: Assessed through a single computer-based exam.
  • Exam Duration: 3 hours and 15 minutes.
  • Exam Schedule: Conducted twice a year, in June and December.
  • Exam Locations: Can be taken remotely or at ACCA's examination centres.
  • Passing Criteria: Candidates must achieve a minimum score of 50% to pass.
  • Purpose: Ensures a comprehensive assessment of the candidate's understanding of IFRS principles and their practical application.
Exam Structure:
  • Consists of four compulsory questions, each worth 25 marks.
  • Requires both numerical calculations and written explanations.

Learning and revisions

CBE exam

Past exam

Once you have completed the entire syllabus, review recent exams to practice the types of questions you may encounter.

Technical articles and topic explainers

A collection of articles, videos, and podcasts designed to help you gain a deeper understanding of the subject.

Dip IFR mock exam and debrief videos

Take the mock exam under timed conditions and conduct a thorough debrief using available support resources.

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About The Founder

img

CA Vinod Chandran

Chartered Accountant

Vinod Chandran is a Chartered Accountant and certificate holder of specialized executive finance program from IIM, Lucknow. He started his professional career with Hindustan Aeronautics Ltd and played a pivotal role in pricing of many of the Helicopter projects and for finalization of major contracts under Ministry of Defence . Later on joined Capgemini, France at Top Management level. Vinod headed the commercial finance globally for tenure of 3 years. In addition, Vinod also handled the finance controller role of India operations of Century Link Technologies, USA.

Vinod is also an academician helped 1000s of students to become Professionals is a founder director of MyLogic, a leading finance professional training institution globally.

About Study Material

These are study support given by ACCA website

Introduction to the Dip IFR

Familiarise yourself with the live exam format view exam style questions

Examining team guidance

An overview of the syllabus and strategies for enhancing your exam performance.

Examinable documents

Applicable legislation or standards assessed in the exam.

Syllabus

The goals and objectives of the exams, along with the expected learning outcomes and exam structure.

Maths and English language support

Free assistance is available to help you evaluate and enhance the math and English skills needed for the exams.

The way school relates to the different materials when studying for the CPA Exam is very important when it comes to combining different materials during studies. Other than the principles covered, there are various materials available that the candidates should target on an individual basis.

Assignments & Exam Practice Sessions

Assignments and practice questions are incorporated in the training to help students get a comprehensive understanding of the concepts.

MyLogic offers over 2000 practice questions which build confidence in the students and prepares them for the exam. Practice questions are the key to performing well in the exam.

What you get

Free Access to Online Mock Test, Question Papers, Alumni network, Interpersonal Skill development, Course Material, Profile Building

Access to Forum, Trending Topic Preparation, Quality Education, One 2 one doubt clearing session, Webinars.

Testimonials

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A Sharma

Enrolling for the DipIFR program at MyLogic has been a game-changer for me. The entire team, especially my coordinator, Priya, has been incredibly supportive throughout the course. The faculty, such as Rajesh sir and Sanjay sir, are exceptional—combining deep subject knowledge with real-world applications of IFRS concepts. Their teaching style and practical insights have been invaluable. Additionally, the professional guidance provided by Vinod sir ensures a holistic learning experience. I would highly recommend MyLogic for anyone aspiring to enhance their accounting expertise. Thank you, MyLogic, for such an enriching journey!

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R Mehta

The DipIFR course at MyLogic exceeded my expectations. The detailed study materials and personalized guidance helped me grasp complex IFRS concepts with ease. The interactive sessions by expert faculty like Prakash sir made learning enjoyable and engaging. I also appreciated the regular mock exams that boosted my confidence before the actual exam. MyLogic truly stands out for its professionalism and student-centered approach.

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S Patel

I highly recommend MyLogic for anyone pursuing DipIFR. The sessions conducted by expert instructors like Kavita ma’am are top-notch. She combines theory with real-world examples, making even the most challenging topics easy to understand. The administrative team is also very helpful, ensuring a smooth learning experience. I’m thrilled to have cleared the exam on my first attempt, thanks to MyLogic!

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N Kumar

Preparing for the DipIFR exam was a breeze with MyLogic. The faculty’s in-depth knowledge and the structured curriculum ensured I was well-prepared for every aspect of the exam. I also appreciated the flexibility of online sessions, which made it convenient to balance work and study. Special thanks to the coordinators who were always there to answer my questions. A fantastic experience overall!

Frequently Asked Questions

International Financial Reporting Standards (IFRS) set common rules so that financial statements can be consistent, transparent, and comparable around the world. IFRS are issued by the International Accounting Standards Board (IASB). They specify how companies must maintain and report their accounts, defining types of transactions, and other events with financial impact. IFRS was established to create a common accounting language so that businesses and their financial statements can be consistent and reliable from company to company and country to country.

The Diploma in International Financial Reporting (DipIFR), an internationally recognized qualification in IFRS, is developed by the Association of Chartered Certified Accountants (ACCA), a leading professional accounting organization. This qualification aims to enhance knowledge in International Financial Reporting Standards (IFRS).

The DipIFR exam is evaluated through a single three-hour Computer-Based Exam (CBE), offered twice annually in June and December at ACCA exam centres, including locations in Pune and other parts of India. To pass, candidates must achieve a minimum score of 50%. The exam paper is structured into two sections, featuring a combination of computational and discursive questions.

The ACCA DipIFR offers a chance to enhance your understanding of IFRS. This diploma integrates the theoretical foundations and concepts with practical applications of IFRS. Preparing for the exam, along with the exam itself, typically takes between 3 to 6 months to complete.

Obtaining a diploma in IFRS can significantly enhance your career prospects. Many multinational companies and global accounting firms seek employees who are knowledgeable in IFRS. Holding this diploma can position you as a strong candidate for roles such as financial controller, auditor, or financial analyst.

Consistent practice is essential for mastering the concepts needed to pass the Diploma in IFRS exams and familiarize yourself with the exam format. Dedicate ample time to solving practice questions, reviewing past papers, and taking mock exams to assess your comprehension and identify areas for improvement. Focus on grasping the underlying principles behind each question rather than relying solely on memorization.

To be eligible for the ACCA DipIFR, candidates must have two years of relevant accounting experience along with a degree that qualifies for at least some ACCA exemptions for the Applied Knowledge and Corporate and Business Law (LW) exams. Alternatively, candidates can qualify with two years of relevant accounting experience and an ACCA Certificate in International Financial Reporting.

The DipIFR offers flexibility and opportunities for international career mobility. Additionally, pursuing this qualification fosters personal development by enhancing technical expertise while also encouraging critical thinking, problem-solving abilities, and effective communication skills—qualities that are beneficial in any profession.

Advantages:

  • Comparability: IFRS enables companies to produce financial statements that can be more easily compared, allowing investors to make better-informed decisions.
  • Transparency: The standards offer high-quality, comparable information that helps bridge the information gap between a company's internal stakeholders and external parties.
  • Flexibility: The principles-based nature of IFRS allows companies to tailor the standards to fit their specific circumstances.

Disadvantages:

  • Implementation Costs: Adopting IFRS can be costly for businesses, as it necessitates changes to existing accounting procedures, systems, and policies.
  • Lack of Adaptability: Some businesses and industries may find IFRS insufficiently flexible to accommodate their unique requirements.
  • Limited Global Acceptance: IFRS is not universally accepted, which can complicate accounting practices for companies operating internationally.

Here are some resources to help you prepare for the Diploma in International Financial Reporting (DipIFR):

  • ACCA's Resources: The ACCA website offers a comprehensive syllabus, study guide, technical articles, and a mock exam.
  • Past Exams: Reviewing recent exams can provide insights into the types of questions you may encounter.
  • Training Videos: Training videos typically range from 60 to 120 hours. If you already possess some knowledge of international financial reporting standards, shorter videos may suffice.
  • Books: Available books often include questions and answers from previous exams along with summary notes.
  • Accredited Learning Providers: These providers offer tuition for the DipIFR, and you can locate an Accredited Learning Partner through the ACCA Registered Learning Partner Directory.

To complete your ACCA application process, the following documents are required:

  • A copy of a photo ID or passport: This will serve as your identification.
  • A recent photograph: Please provide a passport-sized photo.
  • Educational documents: Submit a copy of your most recent educational qualification, either your bachelor's or master's degree.
  • Experience letter from your employer: This letter must verify that you have at least three years of work experience in the accounting and finance department. The specific job title and description are not necessary; you may submit multiple experience certificates to collectively demonstrate the required three years of experience.
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