International Financial Reporting Standards (IFRS), issued by the International Accounting Standards Board (IASB), is rapidly becoming a benchmark for the accounting world. With a growing number of countries opting for IFRS, the numbers of finance professionals with qualification in IFRS is also increasing globally. The Indian Accounting Standards (Ind AS), notified in 2014, have converged with IFRS, which marked a paradigm shift in the regulatory and reporting landscape for companies in India.
Diploma in IFRS (Diploma IFRS) from the Association of Certified Chartered Accountants is one such qualification which provides detailed conceptual insights into IFRS. It is widely recognised in India and around the world and is useful for finance professionals working or intending to work in an environment requiring accounting and reporting using IFRS/ Ind AS. The programmed is designed to develop an individual’s knowledge of IFRS by providing an understanding of the concepts, principles and application in the international marketplace.REGISTER Download Prospectus
If you are a professional accountant or auditor who works in a 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:
Participants will be provided access to the Learning Management System (LMS) for a year from the date of batch commencement, which includes:
Modules on difference between IFRS/ Ind AS/ Indian GAAP
Become a future-ready accounting and finance professional with technology ready. Pursue an IFRS with Simandhar Education. We are covered in various locations like Hyderabad, Vijayawada, Bangalore, Delhi, Mumbai, Gurgaon, Ahmedabad, Trivandrum, Kochi, and Chennai, etc through our live classes and webinars. So if you want to excel in your career, kickstart your career with IFRS.Sripal Jain ( CA, CPA, CGMA )
Co-Founder and Global Lead Instructor, Simandhar Education ( Knowledge Partnered by BDO In India )
Here are some of the reasons why one should pursue the guidance and training Course from Simandhar Education for IFRS
Simandhar Education provides you with access to 75 hours Live Interactive classes from anywhere in the world
Simandhar Education provides the facility to access recorded videos for students who seek to revisit the material taught
Supports its students by placing them in Top F & A companies, Big 4 etc
Simandhar Education provides support to its students in handling the criticalities of Exam Registrations
Case Laws and IFRS Implementation projects along with Certificate of Participation from BDO and Simandhar Education as well
Monitoring test and mock examination shall be conducted to help students prepare well for the examination
These are the ones who should be taking the course.
One of the requirements needs to be fulfilled to be eligible but in case you are already an auditor or a professional accountant you are eligible right away.
Candidates are advised to practice the prior papers as if they were really sitting for the examination. Past papers are published on the ACCA website and it is also recommended that candidates use the revision blanks published by the various approved content providers.
Yes, the relevant discount factors will be given to the candidates respectively.
In this case appropriate credit will be given as long as the student has answered the question and his/her workings are very clear.
IFRS is basically International Financial Reporting Standards which are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB). IFRS requires businesses to report their financial results and financial position using the same standards and rules; this means that, barring any fraudulent manipulation, there is considerable uniformity in the financial reporting of all businesses using IFRS, which makes it easier to compare and contrast their financial results.
Diploma in International Financial Reporting (DipIFR) is an international qualification in IFRS developed by the leading professional accounting organisation which is known as the Association of Chartered Certified Accountants (ACCA) – which helps to develop knowledge in the area of International Financial Reporting Standards (IFRS).
IFRS professionals working in the top global auditing firms earn a starting annual package of Rs 8 lacs to Rs 15 lacs per annum as per the LinkedIn salary report. There is another report that shows that many of the accounting consultants who are specialized in the IFRS work in India have an average salary take can go up to 19 lakhs. As one gains experience, the salary accordingly increases.
A candidate should have a complete and proper understanding of each and every element in the syllabus, it is essential.
Every attempt of the IFRS course will cost around 15k-20k and of course any of the additional training charges will be an extra cost and is certainly not included in this.
Yes, although it hasn’t been tested often and many candidates do not answer this. Despite this, part of section D of the syllabus consists of the preparation of a consolidated statement of changes in equity so candidates know how to reconcile the opening and closing balances of group retained earnings.
The answer to this actually depends on the question itself both the full measurement and partial measurement of goodwill could be examinable. Full measurement includes non-controlling interests in the goodwill calculation whereas partial measurement excludes non-controlling interests.
Yes, it will be marked as anything present in the answer booklet will be marked.
Simandhar Education provides you with Live Interactive classes which you can access from anywhere in the world. Simandhar also provides the facility to access recorded videos for students who seek to revisit the material taught.