ACCA | DipIFRDiploma inInternational Financial Reporting

OVERVIEW

The Diploma in International Financial Reporting (DipIFR) is an internationally recognized qual-ification in Financial Accounting using International Financial Reporting Standards (IFRS/IAS). It is accredited by the ACCA (Association of Chartered Certified Accountants) and is aimed at accounting and finance professionals who already have experience in accounting. On passing the final exam, the participant will be able to use the letters DipIFR after his/her name.

The aim of the qualification is to develop knowledge, understanding and application of Inter-national Financial Reporting Standards and the concepts and principles which underpin them.

WHO SHOULD ATTEND?

The Diploma is ideal for accountants, finance or tax professionals, who need a comprehensive refresher of IFRS/IAS or who need to understand and apply the IFRS/IAS.

If you are a professional accountant or auditor who works in practice or business, and are qual-ified according to national accounting standards, then you are eligible to take this ACCA finan-cial reporting qualification.

If you are working in practice, but not yet qualified, then you may still be eligible. You will need to prove that you have one of the following: • Two years’ relevant accounting experience and a relevant degree (attracting at

least ACCA qualification exemptions F4-F4)• Two years’ relevant accounting experience and an ACCA Certificate in International

Financial Reporting • Three years’ relevant accounting experience• ACCA affiliate status

AM I ELIGIBLE TO APPLY?

To confirm the relevance of a degree, please refer to ACCA’s Exemption Enquiry database - portal.accaglobal.com/accrweb/faces/page/public/accreditations/enquiry/main/EnqInstitu-tionsTable.jspx

If applying on the basis of experience, please submit a completed experience confirmation form - www.accaglobal.com/content/dam/acca/global/PDF-qualifications/2014/DipIF-experi-ence-form.pdf

WHY STUDY DipIFR?

On completion of the Diploma candidates should be able to:

• understand and explain the structure of the framework of international accounting• apply relevant financial reporting standards to key elements of financial reports• dentify and apply disclosure requirements for companies in financial reports and notes• prepare group financial statements (excluding group cash flow statements) including

DipIFR COURSE - JUNE 2019

Module 1Saturday 23rd February 9.00am - 12.30pm Mr John Debattista

Saturday 2nd March 9.00am - 12.30pm Mr Kevin Vassallo

Module 2Saturday 9th March 9.00am - 12.30pm Mr Kevin Vassallo

Thursday 14th March 6.00pm - 9.00pm Mr Kevin Vassallo

Module 3Saturday 23rd March 9.00am - 12.30pm Mr Kevin Vassallo

Saturday 30th March 9.00am - 12.30pm Mr Kevin Vassallo

Module 4Saturday 6th April 9.00am - 12.30pm Mr Kevin Vassallo

Saturday 13th April 9.00am - 12.30pm Mr Kevin Vassallo

Module 5Saturday 27th April 9.00am - 12.30pm Mr John Debattista

Thursday 2nd May 6.00pm - 9.00pm Mr John Debattista

Module 6 [Revision]Saturday 11th May 9.00am - 12.30pm Mr Kevin Vassallo

Saturday 18th May 9.00am - 12.30pm Mr Kevin Vassallo

Module 1 - Topic Areas:

1.1 Non-current assets under IFRS

•IAS 16 Property, Plant and Equipment•IAS 40 Investment Property•IAS 38 Intangible Assets•IAS 36 Impairment of Assets•IAS 23 Borrowing Costs•IAS 20 Government Grants

1.2 Statement of Cash Flows under IFRS

•IAS 7 Statement of Cash Flows (not examinable)

1.3 Substance over Form under IFRS

•IAS 18 Revenue•IAS 17 Leases

Module 2 - Topic Areas:

2.1 Income Taxes

•IAS 12 Income Taxes

2.2 Earnings per Share

•IAS 33 Earnings per Share

2.3 Share-based payment

•IFRS 2 Share-based Payment

Module 3 - Topic Areas:

3.1 Introduction to Groups 3.2 Preparation of the Consolidated Statement of Financial Position 3.3 Preparation of the Consolidated Statement of Comprehensive Income 3.4 Accounting for Associates and Joint Ventures Standards to be covered:

•IFRS 3 Business Combinations•IFRS 10 Consolidated and

Separate Financial Statements•IAS 28 Investments in Associates•IFRS 11 Joint Arrangements•IAS 21 The Effects of Changes in

Foreign Exchange Rates

IFRS

I N T E R N A T I O N A L

F I N A N C I A L

R E P O R T I N G

S T A N D A R D S

Module 4 - Topic Areas:

4.1 Financial instruments under IFRS

•IAS 32 Financial Instruments: Presentation •IAS 39 Financial Instruments:

Recognition and Measurement•IFRS 9 Financial Instruments

Module 6 - Topic Areas:

•Revision course in preparation for the DipIFR examination.•Refresh participants’ knowledge

of the subjects covered in the course•Working through a number of

past exam questions to develop examination skills.

Module 5 - Topic Areas:

5.1 The Conceptual Framework 5.2 Presentation of Published Financial Statements

•IAS 1 Presentation of Financial Statements

5.3 Reporting Financial Performance

•IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors•IFRS 5 Non-current Assets Held for

Sale and Discontinued Operations•IFRS 8 Operating Segments

5.4 Inventories and construction contracts

•IAS 2 Inventories•IAS 11 Construction Contracts

5.5 IAS 21 Foreign Transactions and Entities 5.6 IAS 37 Provisions, Contingent

PLEASE NOTE!

Some topics from the course, which are examinable, may not be covered during the course. These remaining topics, which are unlikely to be examined, must be covered as home study.

EXAMINATION

EXAM DATE - 7th June 2019

The DipIFR will be assessed by a single three-hour, 15 minute closed book written exam, which is held twice a year - in June and December. The pass mark is 50%.

EXAM APPROACH

The examination is a three hour paper divided into two sections. It contains a mix of computa-tional 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.

MARKS

Secion A: One group accouting question 40

Section B: Three compulsort questions (20 marks each) 60

100

All questions are compulsory to ensure each candidate is examined on all the main syllabus areas. The paper will consist of:• One compulsory 40 mark question covering group accounting and individual company

adjustments, and • Three compulsory 20 mark questions covering a variety of accounting standards.

MR JOHN DEBATTISTA

Mr Debattista is a Certified Public Accountant and Regis-tered Auditor. John is one of the founding partners at Zam-pa Debattista and heads the Assurance function of the of-fice. He is the IFRS leader and acts as an advisor on highly technical IFRS issues.

Prior to Zampa Debattista, John occupied the post of au-dit manager in a medium sized audit firm where he devel-oped a specialization in the financial services industry and remote gaming sector.

John lectures at the final stages of the ACCA, namely the Corporate Reporting paper. John also lectures the ACA course for the ICAEW, Institute Chartered of Accountants for England and Wales, namely the Corporate Reporting paper. John is also a speaker in various audit and account-ing seminars delivered by a number of institutes in Malta.

MR KEVIN VASSALLO

Mr Vassallo is a Certified Public Accountant and holds a Masters’ Degree in Finance from the University of Leicester. He has been involved in IFRS training for the past 16 years having lectured in both ACA and ACCA accounting and fi-nance papers.

He also delivers CPE seminars on behalf of the MIA and a number of other providers.

Kevin is a senior executive at the Central Bank of Malta where he has been employed for the past 27 years in finan-cial markets, risk management and accounting.

THE TUTORS

FEES & DEADLINES

COURSE PARTICIPATION

The fee for each individual modules: €150 (including vat but excluding books) The deadline for bookings: 8th February 2019

ACCA & EXAM REGISTRATION

• Register online through the following link, taking into consideration the 10 days until applications are fully processed - www.accaglobal.com/lk/en/qualifications/glance/dipifr/ applynow.html • Upload the following supporting documentation during registration process

- Passport size photo - Copy of the educational certificates and/or letter from employer confirming your work experience• Pay the applicable fee (as listed below)• Once your ACCA registration is complete, inform AIM Academy that your online

registration has been completed, quoting your registration number The fee is £185. This allows one exam attempt.

In order to sit for the June exam, ACCA will need to receive your registration form and all sup-porting documentation by 21st April 2019. Please note that you will also have to make your exam entry online by this date, i.e. after your application has been processed by logging into your myACCA and choose ’exam entry’. You will then select the country you want to sit your exam in.

These fees are subject to change without written notice.

It is the student’s responsibility to register with ACCA and book for the exam. AIM Professional Academy is not responsible for registering the student with ACCA, nor to book the student for the exam.

BPP STUDY MATERIALS

BPP Learning Media is the market leading publisher of study materials for professional exams. BPP Learning Media is an ACCA approved publisher worldwide.

Study Text The BPP DipIFR study text has extensive coverage of all the topics covered in the Diploma

€60

Practice & Revision Kit The BPP DipIFR practice & revision kit contains exam standard practice questions helping you to fully prepare for the exam.

€35

Passcards The BPP DipIFR passcards give a clearer visual emphasis to key points and help you revise at a glance.

€20

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ACCA DipIFR Application Form - June 2019 Exam session

Name: Surname:

ID/Passport no.: Contact no.:

Address:

E-mail address:

MODULESModule 1 €150Module 2 €150Module 3 €150Module 3 €150Module 5 €150Module 6 €150STUDY MATERIALSStudy Text €60Practice & Revision Kit €35Passcards €20 TOTAL €

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