Diploma In Int’l Financing Reporting

NCA College of Management renders Diploma in International Financial Reporting (DipIFR) training on a periodical basis. DipIFR is the replacement of the traditional GAAP concept. It is an international qualification in IFRS developed by ACCA.

This course is designed especially for Financial Professionals who pursue a detailed understanding of IFRS and its implications. The certified program enables an in-depth understanding of key IFRS rules and principles, its recognition, presentation, measurement, and disclosure of its components in Financial Statements.

Develop skills in preparing IFRS implied Financial Statements with the practical application of IFRS. More than 100+ countries have mandated IFRS and the demand shall continue. Nepal too is moving towards NFRS implementation several Banks, Financial Institutions, and Insurance companies have started embracing the global trend of IAS/IFRS.

DipIFR Course Objectives

The course is framed to advance the understanding and knowledge of International Financial Reporting Standards, which can be underpinned through the application of its principle and concepts. After completion of the course;

• Implement the IASB’s Conceptual Framework for Financial Reporting.
• Apply standards and their elements to the financial report.
• Identify and implement the disclosure in the company’s financial notes and reports.
• Prepare group financial statements of subsidiaries, joint ventures, and associates.

Salient Features of DipIFR

• Comprehensive coverage of IFRS.
• A recognized diploma shall be issued by ACCA, in more than 175 countries.
• The course shall be executed by an ACCA member, covering the extensive syllabus, practice session, mock exams, and tests.
• Upon successful completion of the examination Diploma in International Financial Reporting shall be awarded by ACCA.

DipIFR Course Structure

1. The nature of IASB

2. The structure of IFRSF & its framework

3. The enlarging standards of IASB

4. The usage and status of IFRS

5. The IASB roadmap, volume, and its use.

6. The use of IFRS around the world.

7. Policies & presentation

8. IAS 1, Presentation of Financial Statements.

9. IAS 8, Accounting policies; changes in accounting estimates and errors.

10. IFRS 15, Revenue from Contracts with the customer.

11. Accounting of Assets & Liabilities (Part-1)

12. IAS 10, Events after the reporting period

13. IAS 12, Income tax
14. IAS 19, Employees benefit
15. IAS 37, Provisions, contingent liabilities & assets
16. IAS 41, Agriculture
17. IFRS 2, Share-based payment
18. IFRS 6, Exploration for evaluation of mineral resources
19. IFRS 7, Financial instruments disclosures
20. IFRS 9, Financial instruments
21. IFRS 13, Fair Value Measurement

22. IFRS 32, Financial instruments-presentation

23. Accounting of Assets & Liabilities (Part-2)

24. IAS 2, Inventories

25. IAS 16, Property plant and equipment
26. IAS 20, Accounting for government grants and disclosure of government assistance
27. IAS 23, Borrowing costs
28. IAS 36, Impairment of assets
29. IAS 38, Intangible assets
30. IAS 40, Investment Property
31. IFRS 5, Non- current assets held for sale and discontinued operations.

32. IFRS 16, Leases

33. Group Accounting

34. IAS 21, The effects of changes in foreign exchange rates

35. IAS 27, Separate financial statements
36. IAS 28, Investment in associates and joint ventures
37. IAS 29, Financial reporting in hyperinflationary economies
38. IFRS 3, Business combination
39. IFRS 10, Consolidated Financial Statements
40. IFRS 11, Joint arrangements

41. IFRS 12, Disclosure of interests of other entities

42. Disclosure Standards

43. IAS 7, Statement of Cashflows

44. IAS 24, Related party disclosures
45. IAS 33, Earnings per share
46. IAS 34, Interim financial reporting
47. IFRS 1, First-time adoption of IFRS
48. IFRS 4, Insurance contracts
49. IFRS 8, Operating segments

DipIFR Intakes

The exams are conducted twice a year. Therefore, students can enroll in January or June session and appear for the examination in June/December.

The examination consists of three hours fifteen minutes and the passing mark is 50 percent.

Eligibility of DipIFR

Chartered Accountants, Registered Auditors, either employed or in practice, are qualified in accordance with National Accounting Standards, are eligible to take a Diploma in International Financial Reporting (DipIFR).

If not a qualified Chartered, one can still sit for the exam, but you need to prove the following;

• Bachelors degree in Accounting (attracting at least exemptions in knowledge papers of ACCA)
• ACCA certificate in International Financial Reporting and two years of relevant accounting experience.
• Three years of relevant accounting experience.
• Qualified ACCA.

Why NCA College of Management for DipIFR?

NCA College of Management brings you vast experience of conducting successful training in IFRS. NCA instructors are experts in the practical application of IFRS training.

NCA in association with GRANT THORNTON INDIA, LLP periodically conducts DipIFR training classes as part of capacity building of professional accountants in Nepal and in line with its vision to expand the professional horizon. We have a pool of IFRS experts who have proven experience in Financial/Corporate Reporting in line with IAS/IFRS.

Get an additional Diploma certificate in DipIFR. For further information, on the course contact us!