Diploma in International Financial Reporting (DipIFR)

 

What is DipIFR: International qualification in IFRS developed by the leading professional accounting organization (ACCA)

Purpose of training :  Ability to prepare statements in accordance with IFRS and apply relevant standards to key elements of financial statements

Who is it for: 2-3 years' relevant accounting experience and any relevant qualification (ACCA F1-F4 preferably)

 

Duration: 130-140 hours (Including 3 Mock Exams (3 hours each))

 

Fee : 1650 AZN / person

 

Syllabus

A INTERNATIONAL SOURCES OF AUTHORITY

 

  • The International Accounting Standards Board (IASB) and the regulatory framework

 

B ELEMENTS OF FINANCIAL STATEMENTS

 

  • Revenue recognition
  • Property, plant and equipment
  • Impairment of assets
  • Leases
  • Intangible assets and goodwill
  • Inventories
  • Financial instruments
  • Provisions, contingent assets and liabilities
  • Employment and post-employment 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

 

C PRESENTATION OF FINANCIAL STATEMENTS AND ADDITIONAL DISCLOSURES

 

  • 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)

 

D PREPARATION OF EXTERNAL FINANCIAL REPORTS FOR COMBINED ENTITIES, ASSOCIATES AND JOINT ARRANGEMENTS

 

  • 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

 

Appendix 1

 

List of IFRS standards (for DipIFR exam) scope

 

IFRS 1 First-time Adoption of International Financial Reporting Standards

IFRS 2 Share-based Payment

IFRS 3 Business Combinations

IFRS 5 Non-current Assets Held for Sale and Discontinued Operations

IFRS 6 Exploration for and Evaluation of Mineral Resources

IFRS 8 Operating Segments

IFRS 9 Financial Instruments

IFRS 10 Consolidated Financial Statements

IFRS 11 Joint Arrangements

IFRS 13 Fair Value Measurement

IFRS 15 Revenue from Contracts with Customers

IFRS 16 Leases

IAS 1 Presentation of Financial Statements

IAS 2 Inventories

IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors

IAS 10 Events after the Reporting Period

IAS 12 Income Taxes

IAS 16 Property, Plant and Equipment

IAS 19 Employee Benefits

IAS 20 Accounting for Government Grants and Disclosure of Government Assistance

IAS 21 The Effects of Changes in Foreign Exchange Rates

IAS 23 Borrowing Costs

IAS 24 Related Party Disclosures

IAS 28 Investments in Associates and Joint Ventures

IAS 33 Earnings per Share

IAS 36 Impairment of Assets

IAS 37 Provisions, Contingent Liabilities and Contingent Assets

IAS 38 Intangible Assets

IAS 40 Investment Property

IAS 41 Agriculture